Data-driven science, technology, innovation given special incentives
In addition, the decree encourages the development of research centres focused on data science and innovation in areas such as artificial intelligence (AI), cloud computing, blockchain, data communications, the Internet of Things (IoT), big data, and other advanced technologies in order to build, develop, protect, manage, process, and utilise data effectively.
Hanoi (VNA) - Vietnam will have special incentive mechanisms for data-driven science, technology, and innovation activities as regulated in a new decree issued by the Government on June 30.
According to the decree, the State prioritises investment and development in education and training to ensure a high-quality workforce capable of meeting the demands of data-driven science, technology, and innovation activities. It also promotes the establishment, connection, and expansion of expert and scientist networks, and scientific and technological organisations specialising in data, both domestically and internationally.
In addition, the decree encourages the development of research centres focused on data science and innovation in areas such as artificial intelligence (AI), cloud computing, blockchain, data communications, the Internet of Things (IoT), big data, and other advanced technologies in order to build, develop, protect, manage, process, and utilise data effectively.
The State will issue special mechanisms to attract highly qualified overseas Vietnamese and foreign experts in key fields such as information technology, cybersecurity, data science, and artificial intelligence to work in government agencies.
The Ministry of Public Security is responsible for leading and coordinating with relevant ministries, sectors, agencies, and organisations to support the incubation and development of a startup ecosystem focused on data-driven science, technology, and innovation.
The decree clearly states that organisations and individuals engaged in data-related science, technology, and innovation activities are entitled to the policies applicable to science, technology, and innovation as prescribed by law. They are also given top-priority access to the highest level of special support mechanisms available in sectors equivalent to high-tech industries.
State agencies, organidations, and individuals tasked with conducting scientific research, technological development, and innovation related to data are encouraged and supported and prioritised🌃 to us infrastructure and equipment invested by the State for science, technology, and innovation 🃏activities./.
The National Data Development Fund has been established, operating as a non-budget state financial fund with an initial capital of 1 trillion VND (38.4 billion USD).
The SBV has also recently issued Decision No. 67/QD-NHNN on a digital transformation project aimed at deploying core utilities for the development of the banking sector, ensuring connection with Project 06. Under the project, the SBV requires financial institutions to use the national database on population, identification and electronic authentication for banking activities, thereby supporting digital transformation and enhancing the effectiveness of crime prevention.
During the visit, the parties exchanged ideas on high-tech material solutions and technologies that could be applied to national strategic transport infrastructure projects, particularly the North–South high-speed railway project.
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General Secretary Lam also emphasised the need to immediately issue policies to attract and retain high-level domestic and overseas talents, particularly in critical fields like AI, semiconductors, and advanced materials.
The Ministry of Science and Technology (MoST) on June 30 officially launched the Vietnam Science and Technology Exchange, and outlined its future development direction.
Vietnam–Canada relations continue to flourish, with science and technology listed among the seven priority areas of bilateral cooperation. The launch of the Canadian Vietnamese Scholars and Experts Network is expected to contribute to advancing joint innovation and R&D cooperation between the two countries.
Developed by a team of Vietnamese engineers, the chip uses CMOS and III/V semiconductor technologies and is intended for applications in sectors such as UAVs, smart devices and telecommunications.
The move aims at establishing a comprehensive, autonomous, and human-centric AI ecosystem, positioning Vietnam as a powerhouse in AI research, development, and application in the region and the world.
Vietnam has consistently ranked high on the Global Innovation Index (GII), and many of its scientific and technological products have achieved impressive outcomes, with several earning recognition on the global tech map.
According to Le Son Phong, Deputy Director of the Da Nang Department of Science and Technology, the city’s AI development strategy is built on 25 years of experience in software development and digital transformation, with the advantage of a skilled workforce.
With its own capabilities and the close, experienced partnership of the International Atomic Energy Agency (IAEA), Vietnam is well-positioned to pursue its first nuclear power plant that meets the highest international safety standards. Ambassador Vu Le Thai Hoang, Permanent Representative of Vietnam to the United Nations and International Organisations in Vienna, Austria, talked to the Vietnam News Agency about the country’s deepening cooperation with the International Atomic Energy Agency (IAEA) in applying nuclear technology for peaceful purposes.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
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ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
