Sci-Tech

Vietnam sets out incentives for PPPs in sci-tech development

Key areas eligible for PPPs include high and strategic technologies; infrastructure for the research, development, and application of high and strategic technologies; and digital infrastructure supporting the digital economy, digital society, and digital government.

Organisations and individuals engaging in public-private partnerships for scientific research, technological development, innovation, and digital transformation are eligible for various forms of State incentives and support. (Illustrative photo: VNA)
Organisations and individuals engaging in public-private partnerships for scientific research, technological development, innovation, and digital transformation are eligible for various forms of State incentives and support. (Illustrative photo: VNA)

Hanoi (VNA) – The Vietnamese Government has issued a new decree outlining mechanisms and policies to promote public-private partnerships (PPPs) in science-technology development, innovation, and digital transformation.

Decree No. 180/2025/ND-CP stipulates mechanisms and policies for PPPs in scientific research, technological development, innovation, and digitalisation. It covers partnerships under the Law on PPP Investment, joint ventures involving public assets, and the responsibilities of all parties involved.

Key areas eligible for PPPs include high and strategic technologies; infrastructure for the research, development, and application of high and strategic technologies; and digital infrastructure supporting the digital economy, digital society, and digital government. Shared digital platforms, as stipulated in the National Assembly’s Resolution No. 193/2025/QH15 on piloting some special mechanisms and policies for making breakthroughs in science-technology development, innovation, and national digital transformation, are also entitled to PPPs.

The decree also encourages PPPs in digital technology workforce training and training infrastructure development, as well as in technologies, products, services, and activities aligned with the goals of scientific research, technological development, innovation, and digital transformation.

The decree introduces a range of incentives to attract private sector participation. Organisations and individuals engaging in PPPs will benefit from preferential tax policies.

Additional incentives include exemptions and reductions in land use and lease fees, along with others under the existing land and investment laws. Participants may also retain ownership of scientific research, technological development, and innovation results and benefit from the risk-tolerance mechanism tailored to science and technology activities.

Furthermore, the State may place direct orders or assign contracts for products and services resulting from PPPs in performing special scientific, technological, and innovation tasks in accordance with current legal provisions./.

VNA
#public-private partnerships #sci-tech development #PPPs #innovation #digital transformation
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