More State money for science, technology

The Ministry of Science and Technology proposed to allocate more than 13.3 trillion VND (640 million USD) from next year's State budget toward development, an increase of 12 percent.
The Ministry of Science and Technology proposed to allocate more than13.3 trillion VND (640 million USD) from next year's State budgettoward development, an increase of 12 percent.

Theproposal was introduced at a three-day meeting held by the NationalAssembly's Committee of Science, Technology and Environment, whichopened Oct. 17.

The Prime Minister has ratified a planthat will increase the number of inventions patented for protection by50 percent for the period of 2011-15, as compared with the last fiveyears.

In addition, the plan will set about 4,000 nationalstandards and 1,000 technical standards in order to ensure that allproducts comply with regulations on food hygiene, safety and environmentprotection.

The ministry also aims to have 3,000enterprises operating in the field of science and technology by 2015,along with establishment of 30 organisations with modern facilitiesequipped to carry out scientific research.

To achievethese goals, the ministry said that annual investment for science andtechnology development to 2015 will keep increasing and eventuallyaccount for 2.2 – 2.3 percent of the State budget.

Inaddition, it intends to boost privatisation of scientific andtechnological activities. The ministry also proposed allowing small andmedium enterprises to spend 10 percent of their pre-tax profits inscience and technology development.

According to DeputyMinister Chu Ngoc Anh, the National Assembly approved a total sum ofnearly 11.5 trillion VND (550 million USD) to develop science andtechnology in 2011, an increase of 12.5 percent compared with that oflast year.

Localities also made significant progress intheir efforts to raise the efficiency of expenditures. Money wasreportedly spent on scientific research and development, but somelocalities were still found using funds for the wrong purposes, headded.

The portion of the State budget devoted toenvironment protection, the implementation of Son La and Lai Chauhydroelectric plants and Ho Chi Minh Highway will also be discussedat the meeting. /.

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