On the morning of January 9, Nhan Dan Newspaper, in coordination with the Central Policy and Strategy Commission, held a seminar themed “Resolution 57-NQ/TW and Resolution 68-NQ/TW: A foundation for private enterprises to break through in science, technology development, innovation and digital transformation.”
As Vietnam enters a brand new improvement section with increased calls for for speedy, sustainable and self-reliant progress, science, expertise, innovation and digital transformation are more and more affirming their function as key drivers of the economic system.
Two main resolutions issued by the Party Central Committee – Resolution 57 on science, expertise and innovation improvement, and Resolution 68 on private financial improvement – not solely reveal the Party’s strategic imaginative and prescient, but in addition set out sensible necessities to unlock social assets, particularly from the private sector. The purpose is for science and expertise to actually transfer into manufacturing and {the marketplace}, changing into a core engine of financial progress.
Speaking on the seminar, Le Quoc Minh, Editor-in-Chief of Nhan Dan Newspaper, famous that probably the most necessary drivers of the socialist-oriented market economic system within the coming interval has been clearly recognized by the Party as the private economic system. This sector is regarded as crucial engine of the nationwide economic system, working alongside the state sector to create breakthroughs in innovation, develop the digital economic system, inexperienced economic system and round economic system, and take part deeply in world worth chains to comprehend the aspiration of a affluent and completely happy nation.
Le Quoc Minh, Editor-in-Chief of Nhan Dan Newspaper, delivers the opening remarks on the seminar.
In specific, the spirit of the draft paperwork for the 14th National Party Congress underscores sturdy dedication to hold out nationwide digital transformation, viewing it as a complete revolution. The goal is for the digital economic system to account for greater than 40% of GDP by 2035, with the formation of 10–15 “Make in Vietnam” digital expertise conglomerates main the innovation ecosystem. Many private enterprises are anticipated to pioneer the appliance of synthetic intelligence, huge knowledge, blockchain and fintech to spice up productiveness and combine into world provide chains.
From the enterprise perspective, Nguyen Hien (*68*), CEO of Vietnamobile, mentioned enterprises clearly see main alternatives and momentum from Resolutions 57 and 68.
According to (*68*), beneath Resolution 57, telecommunications corporations are evolving into digital infrastructure and expertise enterprises. Their roles are increasing, creating stronger incentives to use new applied sciences and foster a extra open innovation setting.
Resolution 68, in the meantime, affirms the standing and equal rights of private enterprises. It emphasizes the function of the private economic system in strategic infrastructure, ensures freedom of enterprise and non-discrimination, and strikes towards honest competitors in entry to assets.
For a private community operator, (*68*) mentioned, that is significantly necessary when it comes to entry to assets such as radio frequencies, shared infrastructure, knowledge, and alternatives to take part in public-private partnerships for digital infrastructure, knowledge facilities and cloud computing.
Despite the clear alternatives, actuality reveals that the majority companies stay cautious about investing in science and expertise.
A survey by the Vietnam Chamber of Commerce and Industry (VCCI) signifies that 59.3% of enterprises anticipate to make earnings in 2025. However, solely 11.2% are projected to realize earnings as deliberate, whereas 40.7% generate no capital accumulation, merely break even or incur losses. About 69% report annual revenues under USD 400,000, and 51% plan to take care of their present scale over the following two years, reflecting a cautious mindset.
In this context, funding in science, expertise and innovation – which requires giant assets, lengthy timeframes and entails excessive dangers – has but to change into a precedence for most companies, particularly small and medium-sized enterprises.
(*57*), in accordance with VCCI, 93% of enterprises say they wrestle to foretell modifications in legal guidelines and insurance policies. When insurance policies shift quickly and lack stability or predictability, companies discover it extraordinarily troublesome to develop medium- and long-term expertise methods and R&D investments. This represents an invisible however substantial barrier to innovation.
From this actuality, VCCI observes a number of bottlenecks, together with an institutional framework that leans extra towards administration and management than encouragement and risk-sharing. Incentive insurance policies for R&D and technological innovation stay insufficiently engaging and troublesome to entry, whereas the authorized framework for new applied sciences and enterprise fashions has did not hold tempo with follow.
To unlock funding in science, expertise and innovation, VCCI representatives argue that reform should start with establishments, guided by three main orientations: shifting from a science and expertise administration mindset to constructing an innovation ecosystem; creating sufficiently sturdy monetary incentives for enterprises to spend money on expertise; and guaranteeing a steady, clear and predictable authorized setting.
Dang Tung Son, Vice President and Chief Strategy Officer of CMC Technology Group, proposed assigning private enterprises to make centered investments in core applied sciences such as synthetic intelligence, semiconductors, cybersecurity and nationwide digital infrastructure. This strategy would scale back stress on public funding whereas attracting high-quality home and worldwide capital. He additionally recommended constructing shared high-performance computing infrastructure operated beneath public-private partnership fashions.
In addition, he known as for prioritizing public procurement of “Make in Vietnam” merchandise developed by enterprises which have mastered core applied sciences, with a view to create an preliminary market. Fair competitors must be ensured, with precedence given to private enterprises for initiatives they’re able to delivering, in keeping with the spirit of Resolution 68.
Nguyen Le