Decree to facilitate science, technology activities

HÀ NỘI – The Ministry of Science and Technology (MST) is drafting a Government decree that will revise and supplement some articles of the 2014 document on investment and financial mechanisms for scientific and technological activities. The move is part of the MST’s efforts to press on with perfecting the legal corridor for promoting the development of science, technology, and innovation as Việt Nam is paying more attention to these areas. Some regulations on expenditure of State-owned science and technology organisations will also be revised. Minister of Science and Technology Huỳnh Thành Đạt noted there is a relatively big gap in the budget expenditure on science and technology between Việt Nam and other countries. Last year, the State Budget’s regular expenditure on science and technology totalled 12 trillion VND (over 478 million US$), comprising 8.8 trillion VND from the central budget and about 3.2 trillion VND from local budgets, he added.