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On the morning of December 10, continuing the 10th Session of the 15th National Assembly, the National Assembly passed the Law amending and supplementing a number of articles of the Law on Technology Transfer. Minister of Science and Technology Nguyen Manh Hung presented a summary report on the reception, revision, and explanation of the draft Law amending and supplementing a number of articles of the Law on Technology Transfer - Photo: VGP/TG The National Assembly voted by electronic voting. As a result, 421/427 delegates voted in favor, accounting for 89.01%. Thus, the National Assembly has passed the Law amending and supplementing a number of articles of the Law on Technology Transfer. The law will take effect from April 1, 2026. Particularly, the regulations on procedures for approval of technology transfer licenses will take effect from the date the law is passed. Before voting, the National Assembly heard Minister of Science and Technology (M&T) Nguyen Manh Hung present a summary report on the reception, revision, and explanation of the draft Law amending and supplementing a number of articles of the Law on Technology Transfer. After receiving and explaining, Presented and revised, the Draft Law has revised 21 articles, added one new article and abolished 9 articles. The content of the articles and clauses of the Draft Law has institutionalized the Partys new guidelines and policies, meeting the requirements and goals of amending and supplementing the law. The Law amends and supplements a number of articles of the Law on Technology Transfer towards the goal of building a modern, transparent and effective technology market, while promoting businesses to innovate, improve technological capacity and increase competitiveness in the context of globalization and digital transformation. Regarding technology objects, the Draft expands The concept is not only limited to machinery and equipment but also includes knowledge, data, designs, models, algorithms, software and artificial intelligence, considering all as technological objects in the full sense. The draft also clearly stipulates forms of technology document transfer, quality management processes, standards and technical specifications, reflecting the current technology trend when added value focuses on intangible assets, creative models and digital solutions. About ownership and Using technology, the Draft completes regulations on establishing and protecting rights under the law on intellectual property, science, technology and innovation, public asset management, civil law, related laws and international treaties. Organizations and individuals with legal rights to own or use technology may commercialize technology or contribute capital with technology to an enterprises investment project. The National Assembly voted to pass the Law amending and supplementing a number of articles of the Law on Technology Transfer - Photo: VGP/TG Risk management and technology appraisal are topics of interest to many delegates. Minister Nguyen Manh Hung said that the Party and States policy is to control outdated technology and technology that has the risk of causing harm to health and the environment. The draft technology appraisal regulations only apply to projects that use technology that is limited in transfer or has the risk of adverse impacts on the environment, in order to prevent risks from the beginning. This is consistent with the principles of environmental protection and public health, because the consequences, if they occur, will be difficult to overcome and the cost is much higher than early control. Article 13 of the Draft Law reforms procedures by only appraising once at the appropriate time, instead of twice as in the current law, both ensuring risk management and reducing procedures for investors. Some other important contents are decentralizing technology appraisal to localities. Decentralization is only effective when accompanied by a unified, clear set of national criteria and the responsibility to publicly announce appraisal results, as well as the supervision and post-inspection rights of state management agencies. Post-inspection is strengthened to prevent the risks of raising technology prices, receiving outdated technology or causing environmental pollution, but does not create barriers for businesses innovation activities. The draft also focuses on developing intermediary organizations, a key element of the technology market. Brokerage, consulting, technology assessment, appraisal, evaluation and supply and demand connection organizations are supported to develop more professionally and transparently. Building technology exchanges and innovation support mechanisms will overcome long-standing weaknesses of the intermediary system or ecosystem, creating a smooth operating platform for the market. To improve state management capacity, in the context of rapidly changing technology, the Draft focuses on comprehensive digital transformation in monitoring, statistics and public announcement of technology transfer activities. Detailed quantitative regulations will be guided by the Government to ensure flexibility and timeliness with practice. The State continues to apply a post-inspection mechanism with strong sanctions, while paying attention to the entire technology life cycle, from research, development, testing to application and especially the commercialization stage. Overall, this amendment and supplement to the Technology Transfer Law both ensures risk control, facilitates investment activities, and promotes innovation. Creativity and improve technological capacityand national competitiveness.Thu GiangSee moreSee more