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New law to boot up high-tech industry
May 15, 2009
The Government has endorsed a new Hi-Tech Law to govern the activities of organisations, individuals, overseas Vietnamese and foreign organisations and individuals, who operate in Viet Nam's hi-tech sector.

The Ministry of Science and Technology (MoST) held a conference yesterday in Ha Noi to raise awareness of the new law's implementation, which was attended by provincial and city law makers and representatives from around the country.

In particular, the Party and State consider boosting application and development of hi-technologies as a vital break-through for raising productivity and quality in the commodities and services sectors, which would help to assure enterprise competitiveness, benefit all economic and technological sectors and promote the entire national economy, he said.

The State would use budget funding to implement some hi-tech tasks, programmes and projects and for importing technologies particularly relevant to the advancement of socio-economic development, national defence and security.

He said the Government would focus investment on developing hi-technologies in the following areas: information technology; bio-technology; new material technology; and automation technology.

Nang said the law would allow expansion of international co-operation in the sector, especially with global entities with advanced scientific and technological competence and that are suitable with Vietnamese laws and international treaties.

Provisions had also been included to attract foreign organisations and individuals, and overseas Vietnamese to implement hi-tech activities in Viet Nam, he said...

(VietNamNet/Viet Nam News)
 
 
 
 
 

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