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The National Assemblys Committee on Science, Technology and Environment approves of amending the regulations on capital contribution using technology, considering this a solution to the freezing of research results and intellectual property. However, the Committee also warns of the risk of inflating the value of technology, creating virtual capital, and transfer pricing to evade taxes, so a strict and effective control mechanism is needed. Continuing the program of the 10th session, on the morning of October 31, the National Assembly heard the Proposal and Verification Report of the Law on Amending and Supplementing a Number of Articles of the Law on Technology Transfer. Brief presentation of the Proposal on the Law on Amending and Supplementing a Number of Articles of the Law on Technology Transfer Technology, Minister of Science and Technology Nguyen Manh Hung emphasized that the viewpoint of developing the Law amending and supplementing a number of articles of the Law on Technology Transfer is to promptly institutionalize the Party and States innovative viewpoints and guidelines on science and technology development, innovation and digital transformation; considering businesses as the center of technology application, transfer and innovation, promoting the development of the domestic S&T market; prevent the import of outdated technology, absorb and master advanced technology from the world suitable to Vietnams conditions. Minister Nguyen Manh Hung said that the amendments and supplements to the Law on Technology Transfer focus on large policy groups. Specifically, adding high technology range according to world trends and practical requirements; Supplementing strategic technologies and priority technology objects for transfer; regulates technology appraisal not only in investment projects but also at the request of organizations and individuals to suit practical requirements. The law supports the promotion of endogenous technology transfer and commercialization of research results. Regulations on forms of expression of ownership and rights to use technology, capital contribution using technology. The state automatically assigns ownership of self-determining technology and self-negotiation on value to the organization that creates the technology using the state budget. The State purchases and disseminates technology for the purpose of research and application to serve public benefit. Regulate cases of mandatory technology transfer in accordance with law and international requirements. Along with that, develop the science and technology market, amend and supplement regulations on the state spending budget to develop a network of intermediary organizations in the technology market to support technology transfer activities, strengthen public-private cooperation to attract social resources to develop intermediary organizations. The law also creates financial, institutional and legal incentives for technology transfer activities. Allow expenses for technology transfer to be counted as expenses unless determining the taxable income of the enterprise. Prioritize promoting technology transfer for high technology, strategic technology, and disseminating technology to small and medium-sized enterprises, cooperatives, business households, and individual businesses... Chairman of the Committee for Science, Technology and Environment Nguyen Thanh Hai presented a report on the examination of the law project. Science, Technology and Environment basically agree with the expansion of a number of technology transfer subjects in line with world trends (such as green technology, clean technology). However, expanding the scope of technology appraisal in general and not limited to technology appraisal for investment projects as stipulated in the current Law on Technology Transfer requires continued review to ensure feasibility in implementation and synchronization with relevant laws. Regarding the States policy on technology transfer activities, the Committee requested the agency in charge of drafting the study, closely following the orientation and requirements of Resolution 57 of the The Politburo, supplemented the draft Law with preferential and supportive policies for small and medium-sized enterprises in research, reception, innovation, mastery and application of technology. In addition, it is proposed to review and research additional incentive mechanisms to effectively implement the policy of technology diffusion... from foreign-invested enterprises (FDI) to domestic enterprises. Regarding the right to transfer technology, Chairman of the Committee for Science, Technology and Environment Nguyen Thanh Hai said, for technologies that are not protected by intellectual property rights such as technical know-how; preparation formula; production process; product processing and preservation technology; Technical specifications, drawings; specific design;... request the drafting agency to study and supplement regulations on mechanisms to prove ownership or use rights to ensure feasibility in technology transfer rights. Regarding capital contribution using technology, the Committee agrees with the revised direction in this clause. This regulation will contribute to actively removing the situation of freezing research results and intellectual property. However, regulations that allow self-determination of the value of contributed technology will pose huge risks and policy profiteering, such as the risk of inflating the value of contributed technology, creating virtual capital, and other problems.transfer pricing due to falsely increasing the value of technology contributed to capital to evade taxes, etc. Therefore, there needs to be strict and effective control mechanisms and sanctions and handling measures to ensure deterrence. Regarding the States purchase and dissemination of technology, the Committee agrees with this policy, but suggests clarifying the funding source, monitoring mechanism and specifying th
