Towards building a modern, transparent, and efficient technology market.

The amended Law on Technology Transfer aims to build a modern, transparent, and efficient technology market; promote innovation among businesses, enhance technological capabilities, and increase competitiveness in the context of globalization and digital transformation.

The National Assembly voted to pass the Law amending and supplementing a number of articles of the Law on Technology Transfer.

Promoting innovation

On the morning of December 10, 2025, continuing the 10th session of the 15th National Assembly, under the chairmanship of Vice Chairman of the National Assembly Le Minh Hoan, the National Assembly passed the Law amending and supplementing a number of articles of the Law on Technology Transfer with 89.01% of the attending delegates voting in favor.

Before the vote, the National Assembly heard Minister of Science and Technology Nguyen Manh Hung, authorized by the Prime Minister, present a summary report on the acceptance, revision, and explanation of the draft Law amending and supplementing a number of articles of the Law on Technology Transfer.

President Luong Cuong and other delegates participated in the session.

The government has submitted a report on the incorporation and explanation of opinions from National Assembly deputies, discussions in committees and plenary sessions, and conclusions of the National Assembly Standing Committee regarding the draft Law amending and supplementing a number of articles of the Law on Technology Transfer.

The draft law submitted to the National Assembly for approval at this session has fully incorporated the opinions of National Assembly deputies, relevant agencies, the conclusions of the National Assembly Standing Committee, and the opinions of members of the Government.

After receiving feedback, providing explanations, and making revisions, the draft law has amended 21 articles, added one new article, and repealed 9 articles.

The content of the articles and clauses of the draft Law has relatively fully institutionalized the new guidelines and policies of the Party; meeting the requirements and objectives of amending and supplementing the Law.

Minister of Science and Technology Nguyen Manh Hung reports at the 10th Session of the 15th National Assembly.

This draft Law on Technology Transfer aims to build a modern, transparent, and efficient technology market, while promoting innovation among businesses, enhancing technological capabilities, and increasing competitiveness in the context of globalization and digital transformation.

Regarding the scope of technology, the draft expands the concept to include not only machinery and equipment but also knowledge, data, design, models, algorithms, software, and artificial intelligence, considering all as technological objects in the full sense.

The draft also clearly specifies the forms of technology transfer, quality management processes, standards, and technical specifications, reflecting current technological trends where added value is concentrated on intangible assets, flexible innovation models, and digital solutions.

Regarding the ownership and use of technology, the draft refines regulations establishing and protecting rights under the laws on intellectual property, science, technology and innovation, public asset management, civil law, relevant laws, and international treaties. Organizations and individuals with the legal right to own or use technology are permitted to commercialize the technology or contribute it as capital to investment projects or businesses.

Developing intermediary organizations – a key element of the technology market.

The Law amending and supplementing a number of articles of the Law on Technology Transfer has been perfected in a comprehensive, modern direction and in line with the development requirements of the digital economy. The law focuses on clarifying the concept, expanding the scope of regulation, and enhancing transparency in technology transactions.

This amendment aims to address long-standing obstacles in the commercialization of research results, connect technology supply and demand, and expand opportunities for cooperation between domestic and international entities. One of the key changes is shifting the approach from "control" to "promoting innovation," creating a more open and flexible legal environment for technology transfer activities.

According to the new orientation, technology is not only a means of production but is considered a valuable asset that can be valued, contributed as capital, commercialized, and have its profits shared transparently. Regulations related to technology valuation, capital contribution through technology, and risk-sharing mechanisms in research and development (R&D) collaboration are clarified, creating a foundation for the healthy and substantive development of the technology market.

The 10th session of the 15th National Assembly passed the Law amending and supplementing a number of articles of the Law on Technology Transfer.

Risk management and technology assessment were topics of great interest to many delegates. The Party and State's policy is to control outdated technologies and technologies that pose a risk to health and the environment. The law stipulates that technology assessment only applies to projects using technologies with restricted transfer or those with a high risk of adverse environmental impact, aiming to prevent risks from the outset. This aligns with the principle of protecting the environment and public health, as consequences, if they occur, are difficult and costly to remedy compared to early control.

Another important aspect is the decentralization of technology assessment to local authorities. Decentralization is only effective when accompanied by clear national criteria, public disclosure of assessment results, and the right of state management agencies to monitor and conduct post-assessment. Post-assessment should be strengthened to prevent risks such as inflated technology prices, adoption of outdated or environmentally polluting technologies, but without creating barriers to innovation by businesses.

The law also focuses on developing intermediary organizations, a key element of the technology market. Organizations providing brokerage, consulting, technology evaluation, valuation, and supply-demand matching services are supported to develop more professionally and transparently. The establishment of technology exchanges and innovation support mechanisms will overcome long-standing weaknesses in the intermediary ecosystem, creating a foundation for the smooth operation of the market.

To enhance state management capacity in the context of rapidly changing technology, the Law focuses on comprehensive digital transformation in monitoring, statistics, and public disclosure of technology transfer and high-tech activities. Detailed, quantitative regulations will be guided by the Government to ensure flexibility and timeliness in line with practical realities. The State will continue to apply post-audit mechanisms with strong sanctions, while paying attention to the entire technology lifecycle from research, development, testing to application, and especially the commercialization phase.

Delegates participating in the session.

The amended Law on Technology Transfer ensures risk control while facilitating investment activities, and simultaneously promotes innovation, enhances technological capacity, and strengthens national competitiveness.

The amendment of the Law on Technology Transfer is considered a significant step forward in perfecting the institutional framework, facilitating the flow of technology, and promoting a knowledge-based economy.

The Law amending and supplementing a number of articles of the Law on Technology Transfer, passed and implemented in conjunction with related laws such as the Law on Science, Technology and Innovation, the Law on Intellectual Property, the Law on Investment and the Law on Enterprises, will form a modern, transparent and effective legal framework for the entire process of technology commercialization.

Center for Science and Technology Communication

Source: https://mst.gov.vn/huong-toi-xay-dung-thi-truong-cong-nghe-hien-dai-minh-bach-va-hieu-qua-197251210115457666.htm