Science and Technology Enterprises Stand as the Core of Economic Growth
Science and technology enterprises are driving the knowledge-based economy and enhancing competitiveness in the digital age by transforming research achievements into economic value.
Driving the knowledge-based economy in the digital age, science and technology enterprises stand out as a fundamental element directing economic growth by applying research achievements to real life.
Fields of Activity of Certified Enterprises
As of July 2026, 965 certified science and technology enterprises are operating nationwide. These organizations conduct operations in various fields such as information technology, biotechnology, mechanical engineering, new materials, high-tech agriculture, medicine, and the environment.
Economic Performance and Employment
By the end of 2025, approximately 335 model enterprises are expected to generate around 190,673 billion VND in revenue. While product revenue is projected at 40,935 billion VND and pre-tax profit at 1,841 billion VND, the sector provides employment for over 39,000 workers.
R&D and Technology Applications
Model organizations such as Rang Dong Light Source and Vacuum Flask Joint Stock Company apply technologies such as artificial intelligence, IoT, and cloud computing. These companies allocate 15 percent of their profits to R&D activities and 7 percent to innovation funds.
Current Challenges and Solutions
Experts state that the current system lacks scale and quality, with 80 percent of enterprises being small-scale. Additionally, various challenges are experienced regarding ESG standards and legal practices.
The state is working to improve the legal framework through various incentives such as corporate income tax exemptions, preferential loans, and reductions in R&D costs.