November 08, 2025 | 12:38

Proposal to add more technology valuation standards in the Law on Technology Transfer

Bạch Dương

To determine the method of technology transfer, it is necessary to clearly understand the "technology belts" in the world.

As part of the ongoing 10th session of the 15th National Assembly (NA), deputies held group discussions on the draft law amending and supplementing certain provisions of the Law on Technology Transfer on November 6.

According to deputy Phan Xuan Dung from Khanh Hoa, technology transfer includes three main contents: research and development of technology from scientific and technological organizations, then applying it to life; applying high and advanced technologies from other countries around the world to Vietnam; and transferring technology abroad, a content that was initiated in the previous Law on Technology Transfer and was considered a very progressive idea more than 10 years ago.

To determine the method of technology transfer, it is necessary to clearly understand the "technology belts" in the world, he said, outlining four groups of countries based on technological level:

Core technology group (first belt): Includes G7 countries and Russia/Soviet Union. These are the countries with the most developed industrial economies in the world, accounting for 61-70% of total inventions.

Industrialized group (second belt): This group ranks after the core technology group in the technology belt system.

Developing group (third belt): This group includes countries such as South Korea, Singapore, China, and Vietnam.

Underdeveloped group (fourth belt): This is the last group in this classification.

From this reality, the deputy raised the issue that, with the goal of becoming an industrialized country according to the Party's orientation, if Vietnam only accepts technology from the second and third groups, Vietnam will not be able to enter the core technology group.

Therefore, hee proposed that the policy should focus on acquiring core technologies from the most developed countries. This orientation will help Vietnam realize the Party's aspirations and move closer to the core group in the next 40-50 years.

Deputy Nguyen Thi Lan Anh from Lao Cai Province said she completely agreed with the timely amendment of the Draft Law and concurred with the content of empowering organizations and individuals with legal rights to use technology to determine the value of technology contributed as capital. This regulation is assessed as a very progressive point, demonstrating the principle of market self-determination, respecting ownership rights, facilitating flexible and quick transactions, and encouraging the inclusion of technology in investment, promoting innovative startups.

However, she said, this self-determination right still harbors some significant difficulties related to the nature of technological assets (intangible assets) and the current legal environment. For example, the value of technology depends on many difficult-to-quantify factors such as market potential, practical application capabilities, technology lifecycle, or the expectations of the parties; self-valuation may be biased, subjective, or subject to price pressure during negotiations, not accurately reflecting the actual economic value.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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