Proposal to add more technology valuation standards in the Law on Technology Transfer

by | Nov 8, 2025 | Asia

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To determine the method of technology transfer, it is necessary to clearly understand the “technology belts” in the world.

As part
of the ongoing 10th session of the 15th National Assembly (NA), deputies held
group discussions on the draft law amending and supplementing certain
provisions of the Law on Technology Transfer on November 6.

According to deputy Phan Xuan Dung from Khanh Hoa, technology
transfer includes three main contents: research and development of technology
from scientific and technological organizations, then applying it to life;
applying high and advanced technologies from other countries around the world
to Vietnam; and transferring technology abroad, a content that was initiated in
the previous Law on Technology Transfer and was considered a very progressive
idea more than 10 years ago.

To
determine the method of technology transfer, it is necessary to clearly
understand the “technology belts” in the world, he said, outlining
four groups of countries based on technological level:

Core
technology group (first belt): Includes G7 countries and Russia/Soviet Union.
These are the countries with the most developed industrial economies in the
world, accounting for 61-70% of total inventions.

Industrialized
group (second belt): This group ranks after the core technology group in the
technology belt system.

Developing
group (third belt): This group includes countries such as South Korea,
Singapore, China, and Vietnam.

Underdeveloped
group (fourth belt): This is the last group in this classification.

From this
reality, the deputy raised the issue that, with the goal of becoming an
industrialized country according to the Party’s orientation, if Vietnam only
accepts technology from the second and third groups, Vietnam will not be able
to enter the core technology group.

Therefore,
hee proposed that the policy should focus on acquiring core technologies from
the most developed countries. This orientation will help Vietnam realize the
Party’s aspirations and move closer to the core group in the next 40-50 years.

Deputy Nguyen Thi Lan Anh from Lao
Cai Province said she completely agreed with the timely amendment of the Draft
Law and concurred with the content of empowering organizations and individuals
with legal rights to use technology to determine the value of technology
contributed as capital. This regulation is assessed as a very progressive
point, demonstrating the principle of market self-determination, respecting
ownership rights, facilitating flexible and quick transactions, and encouraging
the inclusion of technology in investment, promoting innovative startups.

However, she said, this
self-determination right still harbors some significant difficulties related to
the nature of technological assets (intangible assets) and the current legal
environment. For example, the value of technology depends on many
difficult-to-quantify factors such as market potential, practical application
capabilities, technology lifecycle, or the expectations of the parties;
self-valuation may be biased, subjective, or subject to price pressure during
negotiations, not accurately reflecting the actual economic value.

VNeconomy-Bạch Dương

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Written by Albert Pham, News Curator and Blogger

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