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| A company in Hà Tĩnh central province applies technology in data management system, so issuing invoices is very convenient. — VNA/VNS Photo Hoàng Ngà |
HÀ NỘI — The Ministry of Public Security (MPS) has proposed a preferential policy for developing research and applying science, technology and innovation in data construction, development, protection, management, processing and use.
The proposal was made in a draft Decree regulating scientific, technological and innovation activities, data products and services.
According to the draft decree, individuals and organisations doing research and applying science, technology and innovation in data building, developing, processing and use will receive the most support in the high-tech industry, and are entitled to a 5 per cent bonus from the National Data Development Fund on the value of approved innovative solutions within five years.
They will also earn funding, including loans and loan guarantees, from the National Technology Innovation Fund, the Small and Medium Enterprise Development Fund and other funds to carry out research and innovation activities.
These groups will also enjoy preferential tax policies for scientific and technological innovation.
Attracting highly qualified workers
The draft decree noted that the State prioritises supporting investment and improving education and training quality, ensuring a high-quality workforce to meet requirements for scientific and technological development and innovation in building, developing and using data.
The Ministry of Education and Training will set up training programmes and specialised training centers to supply highly skilled staff.
The centres will have scholarships to attract students and public-private cooperation in training in the fields of information technology, cybersecurity, data science and artificial intelligence.
The MPS will issue a special mechanism to attract overseas Vietnamese and highly qualified foreigners in the fields of data construction, development, protection, administration, processing and use to work and live in Việt Nam.
It will also set up a network of domestic and international experts and scientists.
The ministry will preside over and coordinate with other relevant ministries and agencies to support incubation and the start-up ecosystem in data science, technology and innovation.
National Data Development Fund
The MPS is drafting a Decree regulating the National Data Development Fund, which is a non-budgetary and not-for-profit State financial fund established and managed by the ministry.
The fund's objective is to support, develop and apply artificial intelligence, cloud computing, blockchain and other data processing technologies to serve state, national and public interests as well as socio-economic growth.
It will promote data application to serve the national digital transformation.
The fund will invest in businesses and individuals researching solutions to enhance data protection, transferring data technology and developing data-related technology applications.
It aims to reward organisations and individuals with achievements in these fields and support international cooperation on data management.
The State budget provides a minimum of VNĐ1 trillion (US$39.8 million) for the fund, which is supplemented annually to ensure this funding is maintained at the beginning of each year.
Financing will come from expenditures for development investment, out of State-owned enterprises' revenues and public service units trading in data products and services after submission to the State budget.
Other sources outside the State budget are legal revenues from the fund's operating results, loan interest, loan guarantee fees, deposit interest, non-refundable grants, aid, contributions and gifts from organisations and individuals. — VNS
