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Establishing the principle of risk acceptance in science, technology and innovation activities

The Law on Science, Technology (amended) and Innovation has established the principle of accepting risks in Science, Technology and Innovation activities, associated with appropriate risk management measures.

VietnamPlusVietnamPlus27/06/2025

With the majority of delegates voting in favor, this morning, June 27, the National Assembly passed the Law on Science , Technology (amended) and Innovation.

Previously, Chairman of the Committee on Science, Technology and Environment Le Quang Huy reported on the explanation, acceptance and revision of the draft Law on Science, Technology (amended) and Innovation.

According to Mr. Le Quang Huy, accepting the opinions of National Assembly deputies, the draft Law has established the principle of accepting risks in science, technology and innovation activities, associated with appropriate risk management measures and assigned the Government to prescribe criteria for determining acceptable risks, procedures for assessing compliance with procedures and regulations; at the same time, establishing a legal framework for a controlled testing mechanism, ensuring both encouragement of innovation and protection of community interests.

Regarding the special mechanism in decoding technology and purchasing technological know-how (Article 31), the Standing Committee of the National Assembly believes that institutionalizing this content in Resolution No. 57-NQ/TW, the draft Law stipulates that the organization in charge of the Science, Technology and Innovation tasks is allowed to apply a special mechanism in appointing and paying experts, directly purchasing at agreed prices technology and products for decoding technology in developing strategic technology, and purchasing technological know-how.

Regarding supporting enterprises to invest in developing strategic technology (Article 36), taking into account the opinions of National Assembly deputies, the draft Law has revised the content of the State implementing policies to support, invest, cooperate and assign tasks to enterprises to develop strategic technology as prescribed in Article 36 as follows: Investing in building infrastructure, specialized support services in industrial parks and high-tech parks to attract enterprises to invest in building shared experimental and research facilities; Investing in building facilities and equipment for shared experimental and research facilities to attract enterprises to participate in exploitation and operation.

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Voting results on the Law on Science, Technology (amended) and Innovation. (Photo: PV/Vietnam+)

Regarding the Chief Engineer for Science, Technology and Innovation (Article 53), taking into account comments, the Standing Committee of the National Assembly has directed to supplement regulations on the Chief Engineer for Science, Technology and Innovation in Article 53. The Law stipulates that the "Chief Engineer" is an individual with outstanding prestige and capacity, who is given the authority to comprehensively coordinate large-scale, strategic Science, Technology and Innovation programs and tasks; has a special mechanism for remuneration and the right to proactively use resources to create conditions for maximizing the role of professional leadership in programs and tasks.

Regarding financial mechanisms, asset management and research results in science, technology and innovation activities, absorbing the opinions of National Assembly deputies and institutionalizing Resolution No. 57-NQ/TW and Resolution No. 68-NQ/TW, the National Assembly Standing Committee directed to supplement and revise the draft Law in the direction of strongly shifting from "expenditure management" to "results-based governance."

Accordingly, spending is allocated based on final results, increasing flexibility and autonomy; Ownership of assets and research results is transferred to the host organization immediately upon formation, no budget refund, no increase in state capital;

Flexible commercialization of research results, profits are reinvested or used to encourage innovation; Allocation according to output efficiency; Establishing a synchronous financial fund system, accepting controlled risks, and providing flexible support for innovation activities./.

(Vietnam+)

Source: https://www.vietnamplus.vn/xac-lap-nguyen-tac-chap-nhan-rui-ro-trong-hoat-dong-khot-cn-va-doi-moi-sang-tao-post1046671.vnp


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