$4.6 bln 2027 sci-tech budget faces major disbursement hurdles

Résumé détaillé

Continuing the agenda of the National Assembly's second session on November 12, lawmakers held a question-and-answer session focusing on the science and tech...

In 2026, the state budget allocated VND95 trillion ($3.7 billion) for science, technology, innovation, and digital transformation, yet disbursement reached only about 42.2% of the estimate by the end of October. With funding slated to rise to VND120 trillion ($4.68 billion) in 2027, authorities face mounting pressure to accelerate capital deployment.

Continuing the agenda of the National Assembly (NA)'s second session on November 12, lawmakers held a question-and-answer session focusing on the science and technology sector.

Responding to NA deputies, Minister of Science and Technology Vu Hai Quan explained the root causes behind the sluggish budget disbursement and outlined measures to clear bottlenecks in deploying public funds for science, technology, and innovation.

NA Deputy Nguyen Huu Toan from Lai Chau Province noted that while Vietnam posted an impressive GDP growth rate of over 9% in the first nine months of the year, budget disbursement for science, technology, and innovation stood at roughly 42% of the annual estimate. He asked the Minister to clarify the correlation between the two figures, the sector's actual contribution to GDP growth, and when science, technology, and innovation will become the primary driver of economic expansion.

Minister Quan stated that the Ministry of Science and Technology (MST) is pursuing a dual-track strategy. The first track focuses on identifying sectors capable of delivering immediate growth impacts by integrating science, technology, innovation, and digital transformation into operations. The second targets long-term strategic sectors aimed at achieving technological self-reliance and resilience. Both tracks are being implemented in parallel.

Meanwhile, NA Deputy Nguyen Thi Thu Dung from Hanoi asked the Minister to pinpoint the biggest bottlenecks slowing down fund utilization despite budget allocations already being in place.

Minister Quan identified four primary causes: a sudden surge in budget scale: Previously, recurrent…

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