US businesses have referred to as for a beneficial legal atmosphere for new applied sciences, together with facilitating information movement and creating AI and cloud computing.
During a gathering with the Central Committee for Policy and Strategy in Hanoi on April 15, a US enterprise delegation additionally proposed mechanisms to help the testing of latest applied sciences and broaden coverage area for innovation.
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| Photo: Ministry of Science and Technology |
Pham Duc Long, Deputy Minister of Science and Technology, mentioned, “Resolution 57 of the Politburo identifies science, technology, and digital transformation as areas for much-needed innovation, in which institutions need to become a competitive advantage to promote development.”
“Vietnam is accelerating legal reforms to create a favourable environment for businesses,” mentioned Deputy Minister Pham Duc Long. “In 2025, the science and technology sector amended eight laws and enacted two new laws, while shifting from a management mindset focused on strict control to a more flexible approach, ready to adjust policies according to practical realities, especially for new technology fields.”
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| Pham Duc Long, Deputy Minister of Science and Technology. Photo: Ministry of Science and Technology |
Policies on AI are being developed primarily based on risk-based administration to foster innovation, with laws shifting from pre-approval to post-approval and clear definitions for high-risk AI techniques.
In the areas of information, digital companies, information centres, and cloud computing, the Ministry of Science and Technology is researching insurance policies to facilitate growth whereas guaranteeing efficient state administration, and will proceed to evaluate and deal with points as they come up throughout implementation.
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| Brian McFeeters, interim president and CEO of the US-ASEAN Business Council. Photo: Ministry of Science and Technology |
Brian McFeeters, interim president and CEO of the US-ASEAN Business Council, mentioned, “US businesses are looking to bring technology, capital, expertise, and long-term partnerships to Vietnam.”
“The US business community is interested in Vietnam’s Resolution 57 and believes there is still much room for cooperation in the fields of science, technology, and innovation,” he added.
“With an investment of approximately $1 trillion annually in research and development, US businesses have the potential to contribute to the development of science, technology, and digital transformation in Vietnam,” McFeeters mentioned.
At the assembly, the Central Policy and Strategy Committee welcomed the proposals from US businesses and mentioned it might proceed coordinating with ministries and companies to refine insurance policies and enhance the funding atmosphere. The intention is to make sure higher stability, transparency, and comfort for businesses working long-term in Vietnam.
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