Topic: the Ministry of Science and Technology (MoST)

To promote the development of the science and technology market, the Ministry of Science and Technology (MoST) has proposed establishing three national technology exchanges in the country’s three regions, connected to local technology exchanges and technology exchanges in Asia and the world. Vietnam’s science and technology market is in its infancy and still depends mainly on technology from developing countries. Up to 75 per cent of technology and equipment at Vietnamese enterprises comes from overseas.

After being in place for nearly 20 years, regulations on localization rates and the degree of fragmentation of imported auto parts, issued by the Ministry of Science and Technology (MoST), are now no longer suitable with the development of automobile manufacturing technology and will be abolished from October 1.