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AT A GLANCE Congratulations on Bangladesh Independence Day
TECHNOLOGICAL DEVELOPMENT NATIONAL COUNCIL ESTABLISHED
The National Council for Science, Technology, and Innovation has science, technology, and innovation. It will
been established under Prime Ministerial Decision No. 177/QD- also be responsible for studying and con-
TTg, dated February 14, 2024, with Prime Minister Pham Minh sulting on the Prime Minister’s orientations
Chinh as Chairman, Deputy Prime Minister Tran Luu Quang as and solutions to deal with these issues. The
Standing Deputy Chairman, and Minister of Science and Technology Council will also assist the Prime Minister in directing and
as Deputy Chairman. An inter-sectoral organization, the Council promoting coordination between relevant ministries, agencies,
will assist the Prime Minister in studying, directing, and coordinating and localities during the process of fostering science, technology,
the handling of important issues in building and rolling out and innovation, thus contributing to Vietnam’s socio-economic
policies, strategies, and mechanisms to boost the development of growth, security and defense, and international integration.
HYDROGEN DEVELOPMENT STRATEGY APPROVED TACKLING CLIMATE CHANGE
A National Hydrogen Development Strategy and utilization of hydrogen. Accordingly, by 2030, Vietnam will strive
by 2030 with a vision to 2050 has been to deploy modern technologies in green hydrogen production and in
approved under Prime Ministerial Decision carbon capture and storage. The country will also gradually develop
No. 165/QD-TTg dated February 7, 2024, to its hydrogen energy market in line with the energy transition process
gain hydrogen production capacity from renewable energy to produce of economic sectors that use energy, such as electricity production,
green hydrogen and other processes with carbon capture of 100,000- transport, industry, and trade. By 2050, the country will speed up the
500,000 tons by 2030 and 10-20 million tons by 2050. The strategy is application of green hydrogen and the use of hydrogen-derived fuels
aimed at establishing a comprehensive hydrogen energy industry for all fields that use fuels, to decarbonize the economy, thus achieving
ecosystem from production to storage, transportation, distribution, its commitment to net-zero emissions by 2050.
TRANSPORT INFRASTRUCTURE KEY PROJECTS TO BE DRIVEN FORWARD
At the 9th session of the Steering Committee for Key National and study the use of sea-sand in con-
Transport Projects, held both in-person and online on February struction. The government leader empha-
16 and involving 46 provinces and centrally-run cities that sized the significance of public investment
projects pass through, Prime Minister Pham Minh Chinh ordered for national development, highlighting
relevant parties to accelerate the construction of key transport that some VND657 trillion ($26.82 billion) in total public invest-
projects in 2024 to create new development space. He asked del- ment capital will be allocated in 2024, most of which is for
egates at the session to evaluate the situation and propose transport infrastructure. The country now has 34 major transport
measures to speed up construction progress while ensuring projects and 86 component projects being implemented in 46
quality, workplace safety, and environmental protection, remove cities and provinces. These include five railway projects, two
bottlenecks in official development assistance (ODA) disbursement, airport projects, and various highways and Ring Roads.
NATIONAL PROGRAM TO 2030 GREEN LIT AQUATIC RESOURCE PROTECTION
Under a national program on protecting and assessment of aquatic resources conducted in the 2016-2020
and developing aquatic resources to 2030, period. Meanwhile, 100 per cent of marine protected areas and
approved by Prime Ministerial Decision artificial habitat areas for marine aquatic species will be managed
No. 76/QD-TTg, dated January 18, 2024, and operated in line with provisions in the Law on Fisheries, and
Vietnam will investigate and evaluate biodiversity, aquatic resources, 60 per cent of localities nationwide will implement co-management
and the habitat of aquatic species in its waters, including deep sea in protecting aquatic resources in association with building new-
areas, shallow waters, and underground water areas. The program style rural areas and developing eco-tourism. In recent years, Viet-
requires that 100 per cent of natural lakes, large reservoirs, and nam’s aquaculture area and output have increased rapidly. Figures
main river systems be inspected and assessed for resources and reveal that Vietnam produced nearly 9.27 million tons of aquatic
aquatic species habitats. Aquatic resource reserves are expected to products in 2023, with aquatic export turnover standing at an esti-
increase by over 5 per cent compared to the results of an investigation mated $9.2 billion.
NATIONAL DATA STRATEGY DATA MARKET ON WAY
Under a National Data Strategy to 2030 approved by Prime Min- turing the economy to develop Vietnam
isterial Decision No. 142/QD-TTg dated February 2, 2024, Vietnam into a country with high middle-incomes
is to build a master plan on establishing a data market and by 2030. Vietnam aims to handle all admin-
piloting data transaction floors, with models on data brokerage istrative procedures online by 2030. Other
and a data services market to be developed. The strategy notes targets include having all national data centers, regional data
that data will open up new operations and development space for centers, and national centers for large data storage and high per-
the digital government, the digital economy, and the digital society. formance computing across the country linked together. It also
Data will help boost national competitiveness, ensure the success aims to digitalize all national databases, acting as a foundation
of Vietnam’s digital transformation process, and develop the for the development of e-government and connecting with general
country into a safe digital nation. It will also contribute to restruc- data at the National Data Center and nationwide.
4 | VIETNAM ECONOMIC TIMES | MARCH 2024 en.vneconomy.vn