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Vietnam to Promote Foreign Technology Transfers

The Deputy Prime Minister, Vu Duc Dam, has signed a decision on adjustments and supplements to several articles on a project to promote the transfer, mastering, and development of foreign technologies to Vietnam. The project focuses on prioritised industries and fields to 2025 with an orientation to 2030. Accordingly, by 2025, Vietnam expects to build a database on 4,000 dossiers of foreign technologies, receive the transfer of 400 technologies from abroad, and master 10 technologies. The respective figures are expected to reach 10,000, 1,000, and 30 by 2030.

As many as 4,000 technicians and administrators in businesses and organisations are expected to receive training on seeking, decoding, mastering, and transferring technologies through both direct and online formats by 2025, which will increase to 10,000 by 2030. Meanwhile, a network of 200 and 500 international technology partners is expected to be set up by 2025 and 2030, respectively. The number of FDI projects that include the transfer of technologies to local firms is hoped to increase 10% each year by 2025 and 15% per year by 2030. At the same time, 30% of businesses producing major products in prioritised areas are expected to build their own research and development facilities serving the transfer and absorption of technologies. According to reports, the percentage is expected to increase to 70% by 2030.

Under the new decision, greater attention will be paid to enhancing human resource quality through in-depth training at home and abroad and inviting foreign experts to work and give training in Vietnam. Along with receiving assistance to improve their capacity to seek, negotiate, evaluate, transfer, and absorb technologies, businesses and organisations will be supported to implement projects to transfer, decode, master, and develop technologies from abroad to Vietnam.

The country, which is pursuing a policy on the development of digital technologies, has set the goal of having ten technology firms with annual revenue of over $1 billion by 2025. As OpenGov Asia reported earlier, under a plan, the Ministry of Information and Communications (MIC) will draft a Law on Digital Technology to institutionalise guidelines and policies of the Party and the State on digital technology development.

Other tasks for 2022 are building and protecting the growth space and developing a digital economy based on research, creation, production, supply, and indigenously-developed technology products and services. It’s expected that by 2025, the ICT industry will shift from outsourcing and assembling to designing and manufacturing technology products locally. The Ministry aims for the sector to master or invent technologies with local content of over 45%. Vietnam plans to have 100,000 digital technology firms by 2025 and have at least 10 firms compete in global markets with revenues of over US$1 billion. It also wants to have 10 localities with revenues of over US$1 billion from ICT and 10-12 IT zones.

Last year, the total revenue of Vietnam’s ICT segment was estimated at an all-time high of VND3,462 trillion (US$151 billion), growing 9% year on year. The ICT segment alone contributes over US$136 billion to the sum, increasing by some US$11.5 billion from last year, according to data from MIC.

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