HANOI, Vietnam — Vietnam’s National Assembly has passed five significant laws aimed at bolstering the country’s science, technology, and innovation sectors. This legislative move is a key step toward promoting digital transformation, industrial growth, and sustainable development within the nation.
The new legislative framework includes the Law on Science, Technology, and Innovation; the Law on Digital Technology Industry; amendments to the Law on Product and Goods Quality; revisions to the Law on Standards and Technical Regulations; and an updated Law on Atomic Energy. Each of these laws has been developed with contributions from the Ministry of Science and Technology, emphasizing a coordinated effort to advance Vietnam’s technological landscape.
The Law on Science, Technology, and Innovation is designed to empower researchers and institutions by granting them ownership and commercialization rights over their findings. This provision is expected to potentially boost the nation’s economic growth by up to 3 percent of GDP, enhancing the overall influence of research and development in the economy.
Additionally, the Law on Digital Technology Industry supports the “Make in Vietnam” initiative, which encourages local design, production, and control of technology. For the first time, Vietnam has officially recognized digital assets, establishing clear guidelines surrounding ownership, transactions, and cybersecurity, paving the way for a more regulated digital economy.
Amendments to the Law on Product and Goods Quality, along with updates to the Law on Standards and Technical Regulations, introduce a more nuanced approach to market monitoring. These revisions emphasize a risk-based, data-driven method, facilitating post-marketing inspections and reinforcing regulatory accountability. Such changes are particularly vital for enhancing consumer protection, especially across digital platforms.
The revised Law on Atomic Energy underscores the strategic importance of nuclear power, positioning it as a critical energy source for the nation’s long-term energy security and goals for emission reduction. This law reflects an understanding of the balance between energy needs and environmental sustainability.
Deputy Minister of Science and Technology Le Xuan Dinh highlighted that the introduction of these laws represents a strategic long-term vision for Vietnam’s development. He asserted that these changes signal the country’s commitment to institutionalizing innovation as a vital component of its economic growth strategy.
As Vietnam continues to evolve, these legislative measures may serve as pivotal tools in fostering a more resilient economy, ensuring that the nation remains competitive in an increasingly digital and global marketplace.
This article was automatically written by OpenAI, and while efforts have been made to ensure accuracy, any information may contain inaccuracies. Requests for removal, retraction, or correction can be sent to contact@publiclawlibrary.org.