Vietnam Expedites Science and Technology Fund Distribution

Vietnam is intensifying its focus on the timely disbursement of science and technology funds, as reports indicate that expenditure has lagged behind the national average in early 2026.

At a pivotal conference in Hanoi led by Deputy Prime Minister Ho Quoc Dung, discussions revolved around addressing financial bottlenecks and expediting public investment projects pertaining to science, technology, and digital innovation. The meeting included key ministers and local government representatives.

Reports show that the disbursement for science and technology investments stands at a mere 14.78 percent this year, starkly contrasting the national average of over 21 percent. The government labeled this tempo as insufficient and urged relevant ministries and provinces to prioritize it as a pressing national concern.

Ho Quoc Dung directed that all remaining issues be resolved by June 2026, aiming for complete disbursement by year-end. He emphasized that science, innovation, and the digital domain are vital for Vietnam’s economic future and competitiveness.

Minister of Science and Technology Vu Hai Quan shared that a supportive legal framework for science and technology funding has been established. The total planned allocation for this sector in 2026 exceeds 103 trillion Vietnamese dong, focusing heavily on digital platforms and innovation initiatives.

Despite the substantial funding earmarked, several regions have reported hurdles including procurement difficulties and slow investment approvals, along with issues surrounding technology standards and delays in shared digital systems. Some provinces noted challenges in deploying projects involving artificial intelligence and big data.

The meeting revealed that Ho Chi Minh City and Hanoi lead in disbursement rates, with Ho Chi Minh City reaching over 32 percent and Hanoi nearly 28 percent.

The Deputy Prime Minister stressed that future investments should emphasize strategic technologies and robust research facilities to yield tangible economic and technological benefits. He called for enhanced accountability among ministries and local governing bodies to avoid fragmented spending.

The government reaffirmed its commitment to refining regulations and financial mechanisms to ensure that investments in science and technology directly advance national development, digital transformation, and long-term economic modernization.