Vietnam: R&D Investment Accounts for 0.01% of FDI Firms’ Revenues
Investment in research and development (R&D) is estimated to account for just 0.01% of foreign direct investment (FDI) companies’ total revenues in Vietnam, the lowest level among local economic sectors.
The figures were showed in a research conducted by the Ministry of Planning and Investment and the United Nations Development Program (UNDP), the Thoi Bao Ngan Hang newspaper reported Monday.
The research also indicated state-owned enterprises top Vietnam in R&D investment, representing 0.3% of their revenues, followed by the private sector with 0.02%.
Local economists said Vietnam should have policies to encourage FDI firms’ R&D investment, which is expected to boost technology transfer for the country.
Former Minister of Trade Truong Dinh Tuyen said Vietnam should prioritize the licensing of FDI projects from countries and territories which boast advanced technologies. (Thoi Bao Ngan Hang Apr 26 p14)
Vietnamese
