Practical Implementation Guide Essential for Science and Technology Enterprises to Access Policies
While a large portion of science and technology enterprises in Vietnam cannot benefit from existing legal policies, industry representatives have expressed the need for a practical implementation guide to streamline processes.
Officials from the Vietnam Association of Science and Technology Enterprises stated that despite the completion of the legal system, approximately ninety percent of businesses face difficulties in accessing policies, and requested the preparation of a concrete implementation guide.
Issues Raised at the Workshop in Hanoi
At the workshop held in Hanoi, structural barriers faced by companies operating in the science and technology sector in utilizing legal policies were put on the table.
Industry representatives speaking at the meeting shared in detail the disruptions experienced because existing regulations remain on paper.
Proportion of Enterprises Unable to Benefit from Policies
According to the report by the Vietnam Association of Science and Technology Enterprises, less than ten percent of companies in the country can benefit from current state incentives.
Meanwhile, approximately ninety percent of enterprises have difficulty accessing incentive mechanisms contained in documents issued prior to 2021.
Challenges for Micro and Small-Sized Companies
There are approximately 962 science and technology enterprises operating nationwide, and the majority of these structures consist of small-scale startups.
Micro and small enterprises find it difficult to understand processes in the face of laws, decrees, and circulars that possess a complex structure.
The Need for an Implementation Guide
Sector executives stated that a clear implementation guide is needed so that companies can easily benefit from preferential policies in taxation, financing, and capital.
It was stated that the process of enterprises accessing support could be accelerated through question-and-answer systems and practical guides to be prepared.
Bottom-Up Approach Goal
Stating that current policies are designed from the top down, association officials underlined that the process must be handled with a bottom-up approach.
With the planned new approach, it is aimed that ninety percent of the target audience will actively benefit from the support and policies offered.