Science and technology enterprises still have limited to access to preferences

VCN - Enterprises in the field of science and technology (ST) have made many positive contributions to economic development. However, preferential access to these enterprises is still difficult.
Customs proposes Ministry of Science and Technology to remove problems on the import of used machinery and equipment Customs proposes Ministry of Science and Technology to remove problems on the import of used machinery and equipment
Applying science and technology in anti-smuggling work Applying science and technology in anti-smuggling work
Revising regulations on financial mechanism for science and technology:Minister of Finance Revising regulations on financial mechanism for science and technology:Minister of Finance
Enterprises always have a demand to develop and innovate science and technology, develop production and business. Photo: HD
Enterprises always have a demand to develop and innovate science and technology, develop production and business. Photo: HD

Most businesses have not enjoyed incentives

The preferential mechanism for science and technology enterprises has been specifically stipulated in Decree 13/2019/ND-CP of the Government on science and technology enterprises. Accordingly, production, business and service enterprises from science and technology results that are granted science and technology certificates will enjoy policies such as: corporate income tax exemption and reduction; exemption or reduction of land rent and water surface rent; Credit incentives... along with many preferential policies on export tax, import tax...

However, according to a survey by the Vietnam Association of Science and Technology Enterprises (VST) not long ago of 167 member enterprises, the majority of enterprises do not enjoy preferential policies under Decree 13. Specifically, only 6 enterprises receive incentives under Decree 13 with a total incentive amount of VND 91 billion; 18 enterprises do not know how to access preferential mechanisms; 1 enterprise whose revenue from science and technology products does not meet the 30% ratio to receive incentives; 141 enterprises have not yet received incentives.

Or Decree No. 95/2014/ND-CP of the Government regulating investment and financial mechanisms for science and technology activities, although being highly appreciated and having promoted certain effectiveness, the results achieved are still modest compared to the scale and needs of enterprises. The draft summary report evaluating Decree 95 of the Ministry of Science and Technology said that, according to data compiled from reports from localities, the total public budget spent on science and technology development investment was more than VND 10,627 billion in the 2016-2020 period. Regarding the establishment and use of the Science and Technology Development Fund by enterprises, statistics from the General Department of Taxation showed that the amount and number of enterprises setting up the Fund was not much; The use of money from the Fund for science and technology activities only reached 60%.

The Government's recent National Assembly report on the results of implementing Resolution 43 of the National Assembly on socio-economic recovery and development programs said that, according to survey data of the Departments of Science and Technology, the majority of enterprises still operate in the traditional direction, have not researched nor focused on the establishment and use of the enterprise's Science and Technology Development Fund. A small number of enterprises set funds for the purpose of equipping facilities, purchasing machinery and equipment for technological innovation or paying experts' salaries, training human resources and intellectual property. In addition, the report said that, according to enterprises' opinions, the current mechanism did not allow enterprises to spend this Fund on supporting science and technology international integration, rewards or intellectual property protection...

According to enterprises, the biggest obstacle is difficulty in accessing support policies and many challenges in implementation. Mr. Tran Manh Bao, Chairman of ThaiBinh Seed Group, said that the budget for science and technology activities was limited while procedures were difficult to access. In addition, enterprises also believe that there is no practical mechanism to protect the market, technology, technical solutions, new products... along with not fully promulgating policies to support innovation.

Policies need to be revised and promulgated

Solving existing problems and limitations is an issue of great concern to enterprises, especially when the market and science and technology are changing rapidly.

Regarding this issue, Mr. Hoang Duc Thao, Chairman of VST, said that organizations under the Ministry of Science and Technology should strengthen coordination with central agencies to organize, train, guide and implement Decree 13, ensuring that all science and technology enterprises benefit from this Decree. From a perspective of enterprises, Ms. Nguyen Thi Hong, Director of Thien Phuc Herbal Medicine Joint Stock Company, proposed increasing funding sources of research for science and technology enterprises. At the same time, it was necessary to create opportunities for science and technology enterprises to exchange, connect, and share their production and business activities with units across the country as well as promulgate new policies on land incentives, on investment credit such as reducing procedures for accessing preferential loans in the Decree on preferential investment credit.

In addition, enterprises also want to have more preferential capital sources for science and technology, such as having a guarantee policy for science and technology enterprises when borrowing capital from credit institutions, or offering special credit policies with low interest rates and few guaranteed rates…

Currently, the Ministry of Science and Technology is also proposing to amend a number of policy mechanisms related to science and technology, including amending Decree 95 in the direction of facilitating the spending and allocation of budget for science and technology as well as facilitating the access and use of Science and Technology Development Fund of enterprises...

By Minh Chi/ Binh Minh

Related News

Policy adaptation and acceleration of digital transformation in tax and customs management

Policy adaptation and acceleration of digital transformation in tax and customs management

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.
Lang Son: New challenges in combating smuggling and trade fraud

Lang Son: New challenges in combating smuggling and trade fraud

VCN - The large, complex, rugged area, with difficult traffic… is a huge obstacle to the anti-smuggling work of the State authorities in Lang Son. Therefore, strengthening coordination is an important solution to combat violations at the border.
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Recently, the implementation of a series of policies on tax, fee, and land rent exemption, reduction, and deferral has provided timely support for businesses to recover and develop, thereby making positive contributions to economic growth.
Experience in coordination between Customs and Border Guard on the Hoanh Mo border, Quang Ninh

Experience in coordination between Customs and Border Guard on the Hoanh Mo border, Quang Ninh

VCN - Thanks to good coordination between Hoanh Mo Border Gate Customs Sub-department (Quang Ninh Customs Department) and Hoanh Mo Border Gate Border Guard Station (Quang Ninh Border Guard), the political security situation in the border area, especially smuggling activities, has been controlled without any complicated developments.

Latest News

VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - As one of Vietnam's strong export industries to the UK, especially when the Vietnam - United Kingdom of Great Britain and Northern Ireland Free Trade Agreement (UKVFTA) comes into effect, with a detailed information approach strategy, it has created a great driving force to promote the export of Vietnamese seafood products to this market.
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

VCN - By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN – In recent years, with the rapid development of cross-border e-commerce (CBEC) platforms, domestic enterprises in Vietnam have been facing numerous difficulties and challenges.

More News

Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Shrimp exports surge in 10 months, generating 3.2 billion USD

Shrimp exports surge in 10 months, generating 3.2 billion USD

Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

VCN - By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

VCN - The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
What obstacles limit the market share of Vietnamese goods in the UK?

What obstacles limit the market share of Vietnamese goods in the UK?

VCN - Vietnamese goods account for only about 1% of total imports into the UK market. One of the reasons is that they have not yet built their own brands and have not focused on effective strategies and approaches to market information.
Why seafood exports to some Middle Eastern Countries are stalled

Why seafood exports to some Middle Eastern Countries are stalled

VCN - Several shipments of seafood exported to certain Middle Eastern countries have been delayed due to legal challenges related to consular legalization procedures. This has created significant bottlenecks in accessing these markets.
Storm No. 3 destroys profits of many insurance companies

Storm No. 3 destroys profits of many insurance companies

VCN - Due to the impact of storm No. 3, the business results of the third quarter and the first 9 months of 2024 of the insurance sector have been significantly affected. This requires more efforts from businesses for the results of the whole year 2024.
Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Read More

Your care

Latest Most read
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - Mr. Nguyen Hoai Nam, Deputy General Secretary, Vietnam Association of Seafood Exporters and Producers (VASEP), said that the advantage that UKVFTA brings is that the main products of the seafood industry enjoy 0% import tax to the UK, especially key
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN - E-commerce platforms have emerged as crucial distribution channels, enabling goods to reach consumers quickly and conveniently.
Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Mobile Version