Organizations and individuals who are the legal owners of technology may contribute technology as capital to investment projects.

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 with 421 out of 427 National Assembly deputies present voting in favor, reaching 98.59%.

The Law amending and supplementing a number of articles of the Law on Technology Transfer consists of 3 articles and will take effect from April 1, 2026.

The Law supplements green technology as technology that aims to use resources efficiently, save energy, reduce emissions, be environmentally friendly, and contribute to promoting sustainable development.

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

Vice Chairman of the National Assembly Le Minh Hoan chaired the meeting. Photo: Pham Thang

Commercialization of scientific research, technological development and innovation results is the activity of exploiting, completing, applying, transferring and other activities related to the results of scientific research, technological development and innovation for the purpose of making profit.

Technology valuation is a consulting activity to determine the value of technology appraised at a location, time, serving a certain purpose by a valuation enterprise or valuation council according to Vietnamese Valuation Standards.

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

The Law supplements Clause 5a to Clause 5, Article 3 of the current Law, accordingly, encouraging foreign organizations and individuals to carry out technology transfer activities to Vietnamese organizations and individuals to improve the capacity to absorb, master and innovate domestic technology; technology transfer in foreign investment activities is carried out on a voluntary basis, by agreement between the parties, ensuring compliance with intellectual property laws and in accordance with international treaties to which the Socialist Republic of Vietnam is a member.

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

In addition, priority is given to applying preferential policies on investment, tax, land, credit and other incentives for foreign investment projects that involve technology transfer, human resource training, development of research capacity, design, manufacturing or technology application in Vietnam.

Delegates attending the meeting. Photo: Quang Khanh

The Law also stipulates that organizations and individuals who are legal owners of technology are allowed to contribute capital in the form of technology to investment projects or enterprises, and are allowed to commercialize technology in accordance with the provisions of law on science, technology and innovation, intellectual property, management and use of public assets, enterprises and other relevant legal provisions.

In case an investment project uses state capital, the technology contributed as capital must be appraised in accordance with the provisions of law on prices and have its ownership or legal right of use confirmed before making the capital contribution.

Delegates attending the meeting. Photo: Quang Khanh

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

Source: https://daibieunhandan.vn/to-chuc-ca-nhan-la-chu-so-huu-hop-phap-cong-nghe-duoc-gop-von-bang-cong-nghe-vao-du-an-dau-tu-10399897.html