Deputy Prime Minister Vu Duc Dam said at working session with the Ministry of Science and Technology on April 13 that breakthroughs in science-technology are needed for the country to gain speed in development.
Illustrative image (Photo: VNA)Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam said at
working session with the Ministry of Science and Technology on April 13 that breakthroughs
in science-technology are needed for the country to gain speed in development.
He said there are many things that need to be done to turn
science-technology into the driver and a source of power of the economy, but
the first task is to digitalise and use information technology to enable connectivity
in management. Obstacles in financial mechanism should also be removed, the
Deputy PM added.
Minister of Science and Technology Huynh Thanh Dat affirmed that
the ministry will continue to work with relevant agencies to build specific mechanisms
for developing science-technology.
Deputy Minister of Science and Technology Le Xuan Dinh reported
at the meeting that science and technology has contributed greatly to national
development, as seen in the growing contribution of the total factor
productivity (TFP) to national economic growth, from an average 33.6 percent in
the 2011-2015 period to 45.2 percent in the 2016-2020. The country’s Global
Innovation Index (GII) was ranked 42nd among 131 countries and territories,
third in ASEAN and topped the group of nations with the same level of income.
The country has begun to form an innovative startup ecology with
around 3,000 innovative startups, which attracted approximately 1 billion USD
of investment in the past two consecutive years.
Investment in science-technology now comes from both the State
budget (52 percent) and businesses (48 percent) instead of relying entirely on
the State like 10 years ago./.