Prime Minister Le Minh Hung has known as for prioritizing
sources and growing the share of State budget spending on strategic,
high-tech, and core technologies to drive innovation and digital
transformation.
Chairing a working session with the Ministry of Science and
Technology in Hanoi on April 22, the Prime Minister emphasised the necessity to
align funding with nationwide growth priorities. Under the Politburo’s
Resolution 57, at the very least 3% of complete annual State budget expenditure must be
allotted to science, expertise, innovation, and digital transformation.
The 2026 State budget earmarks greater than VND65 trillion
(roughly $2.47 billion) for these sectors. So far this yr, 92.27% of recurrent
spending and 68.58% of funding capital have been disbursed, with the
remaining funds beneath overview.
PM Hung urged ministries to finalize pointers on standards,
procedures, and financing mechanisms for associated initiatives. This contains
shifting from direct budget allocation to outcome-based, order-driven funding
fashions, in addition to introducing managed regulatory sandbox frameworks to
help analysis and innovation.
He additionally known as for a complete restructuring of analysis
infrastructure and the nationwide innovation ecosystem, together with reforms to 16
key laboratories, the event of extra dynamic science and expertise
exchanges, and stronger help for mental property valuation and
registration.