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The Law on High Technology (amended) for the first time legislates the concepts of Strategic Technology and Strategic Technology Enterprises. These subjects enjoy the highest level of incentives and support according to the provisions of law on investment, tax and land. Download Mr. Ly Hoang Tung, Deputy Director of the Department of Science, Technology and Technology (Ministry of Science and Technology) shares about the Law on High Technology (amended) - Photo: VGP/TG The Law on High Technology (amended) was passed by the National Assembly on December 10, 2025. The law takes effect from July 1, 2026, marking an important shift in thinking about building institutions for the development of science, technology and innovation. Not only stopping at financial incentives, the Law on High Technology (amended) in 2025 is expected to open a new development space, remove core bottlenecks of the high-tech ecosystem, aiming for autonomy, self-reliance and breakthrough in the era of innovation. No. First legalization of strategic technology One of the outstanding new features of the High Technology Law (amended) is a fundamental change in policy thinking. Incentives are not only measured by budget figures, but by the ability to create a legal environment open enough and safe enough for businesses and scientists to dare to invest in difficult, new and high-risk technology fields. For the first time, the High Technology Law (amended) legislates the concepts of Strategic Technology and Strategic Technology Enterprises. These are breakthrough and pervasive technologies that play a key role in improving national autonomy, creating long-term competitive advantages and are associated with the requirements of ensuring national defense and security. Enterprises operating in this field enjoy the highest incentives according to the provisions of law on investment, tax and land; Strategic technology product manufacturing projects are also eligible for special investment incentives. Mr. Ly Hoang Tung, Deputy Director of the Department of Science, Technology and Technology (Ministry of Science and Technology), said that the Law does not stipulate a fixed list of high-tech industries but will be periodically updated to suit each stage of development. In particular, high technologies are technologies with high levels of scientific research and technological development, integrating advanced scientific achievements, with breakthrough, creating products/services of superior quality and environmental friendliness. Strategic technology - a new focus of the Law, includes breakthrough and pervasive technologies that help strengthen national autonomy, create competitive advantages and ensure national defense and security. The specific list will be reviewed by the Ministry of Science and Technology, submitted to the Prime Minister for promulgation and periodically updated the List of high technologies prioritized for investment and development and the List of war technologies. strategies appropriate to each stage of socio-economic development. Another breakthrough point of fundamental significance is the Law stipulating a risk-taking mechanism in technological research and development. Accordingly, high-tech enterprises, strategic technology enterprises and teams of scientists when carrying out R&D activities can apply special mechanisms, without being pressured by administrative barriers when research does not achieve expected results. Open the market through public procurement, solve the output problem. The Law on High Technology (amended) designs a mechanism to open the market through public procurement. Accordingly, the Law stipulates a special mechanism in bidding, prioritizing investment, leasing or purchasing high-tech products and services and strategic technologies using the state budget. These products are included in the preferential list in bidding, helping to solve the output problem for Vietnamese technology products. This policy is especially important in the context that many domestic technology enterprises have difficulty commercializing their products. When the State plays the role of first customer, businesses have more confidence to make long-term investments, while creating a domestic market large enough to nurture a high-tech ecosystem. Resolving bottlenecks in technological autonomy is one of the Laws overarching goals. Accordingly, the State applies a special mechanism in decoding technology and purchasing technological know-how for strategic technologies; At the same time, it provides financial support for businesses to replace imported core technology products and components. This policy not only helps improve localization capacity, but also creates a premise for Vietnam to gradually participate more deeply in the global value chain, moving from the position of outsourcing and assembling to mastering and creating technology. Outstanding incentives to attract high-quality human resources The Law on High Technology (amended) sets aside significant policies for high-tech human resources, including Vietnamese people in the industry. countries, Vietnamese people residing abroad and international experts. These subjects enjoy the highest personal income tax incentives; Priority is given to direct implementation of scientific and technological tasks from special national programs. Not only limited to financial incentives, the Law also stipulates that the State ensures the most favorable living and working conditions, from housing support, immigration and residence procedures to granting work permits. At the same time, R&D expertsSupported use of shared laboratories, high-tech research facilities, protection and commercialization of intellectual property rights. Another important new point is strong decentralization to localities. The Law assigns proactive authority to Provincial Peoples Committees in deciding to establish, expand and manage local high-tech zones, helping to quickly respond to regional ec
