Staff produce printed circuit boards at a manufacturing facility of the Korean-invested Synopex Vina2 Co. Ltd within the Yen Phong Industrial Park, Bac Ninh province. (Photograph: VNA)

Hanoi (VNA) – The Ministry of Science and Know-how (MST) is drafting a Authorities decree that can revise and complement some articles of the 2014 doc on funding and monetary mechanisms for scientific and technological actions.

The transfer is a part of the MST’s efforts to press on with perfecting the authorized hall for selling the event of science, expertise, and innovation as Vietnam is paying extra consideration to those areas.

The brand new decree, which can amend Decree No. 95/2014/ND-CP, will embody contents associated to funding for the restore and improve of public belongings, spending on the event of scientific and technological potential, and funding in and help for the development of technical infrastructure for science and expertise organisations.

Some rules on expenditure of State-owned science and expertise organisations may also be revised. The draft will add guidelines to the procurement of apparatus and equipment serving the organisations’ common and specialised actions.

Spending on innovation-related actions may also be stipulated, together with creating start-up and innovation ecosystems, innovation centres, startup and innovation help centres and innovation networks, constructing governance capability and new enterprise and innovation fashions, together with coaching and consulting.

In 2023, spending on science and expertise accounted for 0.82% of the State price range’s whole expenditures, together with 0.23% on funding and 0.58% on common expenditures. The whole sum declined from 1.01% in 2022 and 1.18% in 2017, in keeping with the Ministry of Finance.

Minister of Science and Know-how Huynh Thanh Dat famous there’s a comparatively large hole within the price range expenditure on science and expertise between Vietnam and different nations. For instance, in 2017, the spending stood at 2.83% within the US, 1.96% in China, 2.6% in Singapore, and 1.25% in Malaysia.

Final 12 months, the State Price range’s common expenditure on science and expertise totalled 12 trillion VND (over 478 million USD), comprising 8.8 trillion VND from the central price range and about 3.2 trillion VND from native budgets, he added./.

VNA