Green technology has been added to the Law on Technology Transfer for the first time.

The National Assembly passed the Law amending and supplementing the Law on Technology Transfer, incorporating the concept of green technology into the law and expanding incentives for FDI projects involving technology transfer.

Continuing the agenda of the Tenth Session, on the morning of December 10th, under the chairmanship of National Assembly Chairman Tran Thanh Man and the direction of National Assembly Vice Chairman Le Minh Hoan, the National Assembly voted to approve the Law amending and supplementing a number of articles of the Law on Technology Transfer. The result showed that 421 out of 427 National Assembly deputies present voted in favor, reaching 98.59%.

Deputy Speaker of the National Assembly Le Minh Hoan presides over the session. Photo: Pham Thang .

The law consists of 3 articles and will come into effect on April 1, 2026.

A key new feature of the Law is the addition of the concept of "green technology," which is understood as technology that efficiently uses resources, saves energy, reduces emissions, and is environmentally friendly, contributing to promoting sustainable development.

According to regulations, technology transfer is a scientific , technological, and innovative activity carried out through the transfer of ownership or the transfer of the right to use technology, aiming to put the technology into practical application to create new products, services, or production methods.

The National Assembly voted to pass the Law amending and supplementing a number of articles of the Law on Technology Transfer with 421 out of 427 attending National Assembly deputies voting in favor. Photo: Pham Thang.

Commercialization of scientific research results, technological development, and innovation is defined as the exploitation, refinement, application, transfer, and related activities of research results, with the aim of generating profit.

The law also clarifies the concept of technology valuation, defining it as a consulting activity to determine the value of technology at a specific location and time, serving a specific purpose, carried out by a valuation firm or a valuation council in accordance with Vietnamese Valuation Standards.

Notably, the Law adds Clause 5a to Clause 5 of Article 3, encouraging foreign organizations and individuals to transfer technology to Vietnam to enhance its capacity to acquire, master, and innovate technology. Technology transfer in foreign investment activities is carried out on a voluntary basis, by agreement, and in compliance with intellectual property laws, in accordance with international treaties to which Vietnam is a signatory.

Simultaneously, the State prioritizes the application of preferential investment policies, tax incentives, land incentives, credit incentives, and other encouragement measures for foreign investment projects that involve technology transfer, human resource training, and the development of research, design, manufacturing, or application of technology in Vietnam.

The law stipulates that organizations and individuals who are the legal owners of technology may contribute that technology as capital to investment projects or businesses, and may commercialize the technology in accordance with relevant laws.

Delegates attending the session. Photo: Quang Khánh.

For projects using state capital, the technology contributed must be appraised in accordance with the law on pricing and must have its legal ownership or right of use confirmed before being contributed.

The State also encourages capital contributions in the form of technology created from the scientific, technological, and innovative activities of Vietnamese organizations, individuals, and businesses, through measures to support the valuation and establishment of legal ownership or usage rights of the technology.

Source: https://nongnghiepmoitruong.vn/cong-nghe-xanh-lan-dau-duoc-bo-sung-vao-luat-chuyen-giao-cong-nghe-d788641.html