Science-engineering Improvement Fund proficiently made use of for electronic transformation | Science/technologies

Science-technology Development Fund effectively used for digital transformation ảnh 1 A small business creating very good use of SDF can improve its devices and machines. (Picture: SGGP)

SDF is a useful resource for the enhancement of science-technology in firms and the society in typical, but the attraction of enterprises contributing to or accessing this fund is fairly restricted. In 2017 in Ho Chi Minh Town, 113 firms contributed to this fund to elevate all over VND1.9 trillion (US$80 million), but only VND384 billion ($16.1 million) was applied.

Statistics from the HCMC Section of Science and Know-how reveal that at the moment, 79 point out-owned enterprises and 45 private types make contribution to SDF, increasing about VND4.4 trillion ($185 million), only 30.7 % of which has been utilised.

Consequently, on Could 31, 2022, the Science and Technological innovation Ministry issued Circular No.05/2022 about steerage for the use of SDF. The circular stipulates standard recommendations, benchmarks for enterprises to build, exploit, and use SDF successfully.

On the other hand, SDF even now possesses certain constraints, primary to small and inefficient disbursement. For occasion, some firms contributing to this fund only make declaration to tax authorities but not to the HCMC Science and Technologies Department in accordance with Round No.5 over some other people are hesitant about applying this fund as they do not know the monetary settlement procedure when utilizing it, partially thanks to unique interpretations of tax authorities.

Agent of the HCMC Tax Division Hoang Xuan Nam educated that the contribution to SDF is an encouragement policy of the State for enterprises to update their systems. Accordingly, any organization formed and working in Vietnam can produce no additional than 10 % of its once-a-year taxable income to SDF, whilst point out-owned types need to mail 3-10 percent to this fund.

When the requires from scientific-technological pursuits exceed the present volume, firms are permitted to progress the fund of next years or declare this price in the fees when calculating company profits tax in the tax interval. In contrast, when the fund is not utilized up in just a year, state-owned companies will have to send back at minimum 20 % of the surplus income or 70 percent of the set-up amount of money to the countrywide, ministerial, or nearby SDF, together with transfer.

According to Posting 35 of the Regulation on Know-how Transfer, SDF is employed to make investments, reciprocate cash, get reciprocal capital for expenditure in technological innovation, technological know-how incubation, scientific-technological startup incubation, analysis consequence commercialization, know-how growth.

To superior use SDF, the HCMC Section of Science and Technology proposed the concentrate on electronic transformation. In other words, enterprises can use this income to equip supplies and technological facilities for science-engineering functions, to acquire appropriate systems for data protection and cyber basic safety, to investigate purposes of state-of-the-art systems (virtual reality, 4G and 5G mobile network, cloud computing, remote sensing, geographic data technique, speech recognition).

It is hoped that in the in the vicinity of long term, SDF will be superior exploited to strengthen science-technologies functions in organizations in HCMC.

By Binh Lam – Translated by Yen Nhi

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