Science & technology enterprises thirsty for capital
Accessing loans from banks is extremely difficult for science and technology enterprises due to associated regulations and a lack of collateral, and in many cases securing a loan is all but impossible. Capital from the State budget for science, technology, and innovation also presents challenges, adding to the difficulties facing businesses. Many analysts believe that Vietnam needs to quickly introduce a specific mechanism and accept the risks in scientific research, build a legal framework to test an economic model based on science and technology, and develop remuneration policies and regimes for science and technology staff. There also needs to be appropriate legal mechanisms to commercialize science and technology, as well as State management of technology, standards, and measurements.