The Vietnamese government, through the Ministry of Science and Technology, is formulating a breakthrough policy in the form of a new circular regulating the financing mechanism for national strategic technology development. This step is taken in response to traditional budget management challenges, which are deemed unable to accommodate the complexity of high-tech research, from system integration to product commercialization.
This policy focuses on four crucial aspects, with top priority given to position-based remuneration systems for experts, chief architects, and project leaders. By adopting management models from international research institutions such as Singapore's A*STAR, the government proposes a competitive compensation scheme—reaching up to 300 million VND per month for chief engineer positions—to attract high-quality talent from both home and abroad.
In addition to salary scheme improvements, fundamental changes also target the state budgeting mindset. Rather than managing each expenditure item in an administrative and rigid manner, this new mechanism will implement an outcome-based system. Each development stage will be linked to measurable targets, ensuring that the effectiveness of state funds can be accounted for in a more transparent and sustainable manner.
Experts assess that this reform is a crucial instrument to cut bureaucratic hurdles that have historically hindered innovation. By aligning financial policies with global labor market standards, Vietnam seeks to create a conducive ecosystem for scientists to innovate, while ensuring technological independence as the foundation for long-term economic growth.
