Vietnam passes amended law to boost high-tech innovation and talent

The revised High Technology Law consists of six chapters and 27 articles, outlining the governance of high-tech activities, incentive policies, promotion strategies, and the development of strategic technologies.

The law reaffirms that high technology and strategic technologies are considered breakthrough pillars for Vietnam’s rapid and sustainable socio-economic development, national defense and security, and technological sovereignty. Accordingly, the state will apply the highest possible incentives as defined under investment, taxation, land use, and other related policies to these sectors.