The Law amending and supplementing a number of articles of the Law on Technology Transfer was voted on and passed by the National Assembly on the morning of December 10th with 89.01% of the attending delegates voting in favor.
According to the revised Law on Technology Transfer, 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) cooperation have been clarified, creating a foundation for the healthy and substantive development of the technology market.
Minister of Science and Technology Nguyen Manh Hung reports at the 10th Session of the 15th National Assembly. (Photo: Ministry of Science and Technology )
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 The Party and State's policy is to control outdated technologies and technologies that pose a risk to health and the environment.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 appraisal only applies to projects using technology that is restricted from transfer or has the risk of negative impacts on the environment, in order to prevent risks from the beginning. This is in line with the principle of protecting the environment and public health, because the consequences, if they occur, will be difficult to overcome and much more expensive than early control.
Another important aspect is the decentralization of technology assessment to local authorities. Accordingly, 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 Post-assessment should be strengthened to prevent risks such as inflated technology prices, adoption of outdated or environmentally polluting technologies, but without creating barriers to innovation by businesses.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 the State's 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 government continues 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.
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 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.
Source: https://vtcnews.vn/tao-moi-truong-phap-ly-coi-mo-va-linh-hoat-cho-hoat-dong-chuyen-giao-cong-nghe-ar992172.html
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