Vietnam urged to reform legal framework, boost strategic technology for global competitiveness

Hanoi, September 21 (VNA) – As global competition intensifies, science, technology, and innovation are increasingly seen as critical drivers of growth. Experts agree that Vietnam must pursue institutional breakthroughs such as removing investment barriers, creating a flexible legal framework, and prioritising strategic technologies to enhance its national standing.

According to Dr. Hoang Kim Khuyen from the Institute of State and Law under the Vietnam Academy of Social Sciences, improving institutions to attract investment is a prerequisite for science, technology, and innovation to become engines of sustainable development. While the private sector has emerged as a key contributor to economic growth in recent years, its role in research and development (R&D) remains modest.