Vietnam Aims to Raise R&D Spending to Two Percent of GDP
Vietnam plans to increase research and development investments to 2% of GDP by 2030, while working on private sector participation and new funding mechanisms.
Vietnam aims to increase its research and development expenditures to 2 percent of GDP by 2030, while discussing the importance of management mechanisms, infrastructure, and institutional changes for the effective use of these resources.
Targets in R&D Expenditures
Vietnam's national expenditure on research and development in the last two statistical periods was recorded at only 0.42 percent of GDP.
Resolution No. 57-NQ/TW sets a target of 2 percent of GDP for R&D by 2030, anticipating that more than 60 percent of this will be met from private sector funds.
Past Period Data
Dao Manh Thang, Deputy Director of the Department of Information and Statistics, stated that the national R&D expenditure rate reached 0.53 percent of GDP in 2019.
It was stated that this rate stood at 0.42 percent in 2021 and 2023 due to the new GDP calculation formula.
Private Sector Participation
It was emphasized that R&D expenditures are not solely covered by the state budget, but funds are also provided by enterprises and the private sector.
Dao Ngoc Chien, Director of the National Foundation for Science and Technology Development, announced that over 2,000 grant applications were received in the initial phase of 2026.
New Regulations and Mechanisms
Ha Minh Hiep, Head of the Office of the Ministry of Science and Technology, stated that old mechanisms will become inadequate with the increase in funds.
In August 2026, two circulars numbered 48/2026/TT-BKHCN and 49/2026/TT-BKHCN regarding the management and financing mechanisms of strategic technologies were published.