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Update news technology transfer
Vietnam's newly signed free trade agreement with four European economies could boost high-tech investment, research cooperation and technology transfer, helping the country strengthen its innovation capacity and move up global value chains.
Vietnamese lawmakers on October 24 expressed support for proposed amendments to the Investment Law aimed at shifting the country's investment strategy from attracting large volumes of capital to improving investment quality and efficiency.
Vietnam must continue attracting foreign direct investment to achieve double-digit economic growth, Finance Minister Ngo Van Tuan told lawmakers, while stressing the need to strengthen domestic industries and technological capabilities.
Vietnam is seeking closer cooperation with Hungary's leading agricultural university in biotechnology, climate-resilient crops, smart farming and AI, as both sides explore new opportunities for joint research, training and technology transfer.
Vietnam attracted a record $50.36 billion in registered foreign direct investment in the first nine months of 2026.
Vietnamese companies investing in technology adoption and innovation could receive government support covering up to 50% of their loan interest under a proposed pilot program announced by the Ministry of Science and Technology.