Gallery - Fund mechanisms positioned to unlock greater resources for innovation | Vietnam+ (VietnamPlus)
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Fund mechanisms positioned to unlock greater resources for innovation | Vietnam+ (VietnamPlus)Resolution No. 57-NQ/TW of the Politburo defines fund-based mechanisms as the core financial tool for advancing science, technology and innovation. Under the resolution, State budget funding for research and development is prioritised for allocation through funds, alongside reforms in financial management, expanded autonomy, streamlined procedures, and acceptance of the risks and time lags inherent in research activities. It also calls for the establishment of venture capital funds and science and technology development funds to steer, mobilise and unlock social resources for innovation.Resolution No. 57, sci-tech, digital transformation
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