Identifying bottlenecks in innovation activities

PGS.TS Nguyễn Thường Lạng - Đại học Kinh tế quốc dân |

In the digital age, science, technology, innovation and digital transformation are decisive factors for sustainable development. However, Vietnam still faces many barriers. The issuance of Resolution 57-NQ/TW demonstrates the determination of the Party and State in promoting socio-economic development.

Resolution 57 has many breakthroughs

Considered the concretization of the Party's guidelines in the documents of the 13th National Congress, with the goal of making Vietnam a high-middle-income country by 2030 and a high-income industrial country by 2045, Resolution 57 has many breakthroughs. These include issues such as perfecting the institution of science and technology to identify strategic technologies, core technologies, increasing investment in scientific research and developing to 2% of GDP in the next 5 years. Especially accepting risks in high-tech and scientific research, it is not necessary to have specific products.

Resolution No. 57 emphasizes the need to shift from a resource-based economy to a knowledge-based economy. To do this, it is necessary to promote the development of science and technology, especially in strategic areas such as industry, agriculture, renewable energy and digital services.

In the context of globalization and fierce international competition, innovation is a vital factor. The Resolution calls on agencies, organizations and enterprises to proactively invest in research and development, thereby creating breakthrough products and services that increase value. The Resolution has pointed out that the development of science and technology needs to go hand in hand with environmental protection and climate change response.

Removing bottlenecks in innovation development

In fact, innovation activities are still facing many barriers and difficulties. For example, the mechanism of policies and the legal system and regulations are not synchronous, there are many overlaps and more burdens in management than incentives. The management of science, technology and innovation often lacks unity and synchronization between ministries and branches.

Capital for research and development (R&D) in Vietnam is still limited, especially in the fields of high technology and innovation. Many businesses, especially small and medium enterprises, have difficulty mobilizing investment capital for research projects, leading to a lack of innovative and competitive products. According to the analysis, Vietnam's investment rate for R&D is still low compared to many countries in the region.

Vietnam faces great challenges in accessing and applying advanced technology from developed countries. Many businesses do not have the capacity to purchase, transfer or develop modern technology themselves.

In particular, the lack of connection between research institutes, universities and businesses is one of the major bottlenecks. Many research results have not been transferred to production practice due to lack of information and close cooperation. High-quality human resources are still limited, a shortage of highly specialized human resources in the fields of science, technology and innovation is still a big challenge.

To promote innovation and develop science and technology in the coming time, it is necessary to review and amend outdated and inappropriate policies, especially on intellectual property protection and financial incentives. Increase investment in research and development, build modern research infrastructure. Create a mechanism to encourage businesses and partners to participate in research and development.

In particular, to improve labor productivity, innovation needs to invest heavily in training high-quality human resources for research. Forming advanced research organization models, such as specialized research centers and science and technology incubation gardens. Encourage large domestic corporations to invest heavily in research and development.

For innovation activities to be effective, there need to be synchronous solutions in terms of institutions, finance, human resource training and building a culture of innovation to successfully implement. Resolution 57 will be the driving force for our country to overcome the middle-income trap and move towards double-digit growth, taking off in the new era.

PGS.TS Nguyễn Thường Lạng - Đại học Kinh tế quốc dân
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