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

Praising competent authorities for seizure 100 kg of meth in Quang Tri

Praising competent authorities for seizure 100 kg of meth in Quang Tri

VCN - On the afternoon of April 12, 2024, at the headquarters of Quang Tri Customs Department, the General Department of Customs organized a reward program for collectives and individuals of the Customs, Police, and Border Guard who have achieved outstanding achievements in seizing 100kg of drugs on March 30, 2024.
Vietnam owns significant advantages in attracting FDI

Vietnam owns significant advantages in attracting FDI

VCN - In an interview with Customs News, Dr. Vo Tri Thanh, Director of the Institute of Branding and Competition Strategy, believed that the global minimum tax could affect global foreign direct investment (FDI) flows and the FDI attraction policies of each country. However, "in crisis lies opportunity", Vietnam still has significant advantages in attracting FDI.
The business environment is the key for all businesses

The business environment is the key for all businesses

VCN - In an interview with Customs Magazine on the occasion of the beginning of the Lunar New Year 2024, Mr. Pham Tan Cong (photo), Chairman of the Vietnam Confederation of Commerce and Industry (VCCI), said that improving the business environment will support businesses to recover, but businesses must also improve their own capacity to penetrate deeper into the value chain.
Customs always accompanies Korean businesses

Customs always accompanies Korean businesses

VCN - Before the dialogue conference between the Ministry of Finance and Korean businesses on tax and customs policies and administrative procedures in 2023-2024 taking place on February 29 in Hanoi, Customs Magazine had an interview with Ms. Tran Thi Thuy Hoa (photo), Deputy Director of the Legal Department, General Department of Customs, on the coordination and exchange of information on legal policies and support of the Customs agency with the Korean businesses that have been investing and will invest in Vietnam.

Latest News

Central Highlands needs to develop border gate economic zones for higher export

Central Highlands needs to develop border gate economic zones for higher export

According to the Trade Promotion Agency, the Central Highlands region, embracing five provinces of Kon Tum, Gia Lai, Đắk Lắk, Đắk Nông and Lâm Đồng, is an important strategic area in the Laos - Việt Nam - Cambodia development triangle area.
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.
Developing a strong brand contributes to increased export revenue

Developing a strong brand contributes to increased export revenue

VCN – Mr. Hoang Minh Chien, Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade), shares insights on elevating core values in brand development.
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

VCN - As of April 15, Vietnam’s import-export turnover achieves US$208.94 billion, the General Department of Vietnam Customs releases.

More News

Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.
Policies needed to encourage e-commerce to embrace circular economy

Policies needed to encourage e-commerce to embrace circular economy

A recent report on plastic wastes from e-commerce by Việt Nam E-Commerce Association pointed out that e-commerce is growing rapidly with an average annual growth rate of more than 25 per cent, resulting in an increase in the use of plastic packaging which are negatively affecting the environment.
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

VCN - Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

VCN - Dr. Nguyen Van Minh, Vice President of the Vietnam Aromatherapy - Essential Oils - Cosmetics Association (VOCA) shared with Customs Magazine the limitations in exploiting precious raw materials used for Vietnam's cosmetic production and the activities being implemented to develop this potential economic sector.
Ample room for Quang Ninh to attract FDI

Ample room for Quang Ninh to attract FDI

The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Vietnam’s rice exports may exceed 2024 target

Vietnam’s rice exports may exceed 2024 target

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.
Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Read More

Your care

Latest Most read
Central Highlands needs to develop border gate economic zones for higher export

Central Highlands needs to develop border gate economic zones for higher export

According to the Trade Promotion Agency, the Central Highlands region, embracing five provinces of Kon Tum, Gia Lai, Đắk Lắk, Đắk Nông and Lâm Đồng, is an important strategic area in the Laos - Việt Nam - Cambodia development triangle area.
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.
Developing a strong brand contributes to increased export revenue

Developing a strong brand contributes to increased export revenue

VCN – Mr. Hoang Minh Chien, Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade), shares insights on elevating core values in brand development.
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

VCN - Many commodity groups earned the export turnover of hundreds of millions of USD such as footwear; vehicles and spare parts; Cameras, camcorders and accessories…
Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.
Mobile Version