36
TABLE 1: THE TOTAL OF ANNUAL EXPENDITURES ON
TECHNOLOGY AND SCIENCE FROM THE STATE BUDGET
Years
Total
expenditure
on science
and
technology
from the
state budget
(VND billion)
Ratio of
expenditure
on science and
technology
compared
with the total
state budget
expenditure (%)
Ratio of
expenditures
on science and
technology
from state
budget
compared
with GDP (%)
2006
5.429
1,85
0,51
2007
6.310
1,81
0,51
2008
6.585
1,69
0,41
2009
7.867
1,62
0,43
2010
9.178
1,60
0,43
2011
11.499
1,58
0,41
2012
13.168
1,46
0,41
2013
13.869
1,44
0,39
2014
13.666
1,36
0,35
2015
17.390
1,52
0,41
Source: Report of the Ministry of Science and Technology
Nowadays, most of science and technology
activities are invested by the state budget. This
was clarified in Decree No. 95/2014/ND-CP
dated October 17
th
, 2014 by the Government on
investment regulations and financial mechanism
for science and technology. On annual average,
the state budget for science and technology is
approximately 1.4-1.85% of total state budget
expenditure, accounting for 0.4-0.6% of GDP.
The investment in science and technology
THE CURRENT SITUATIONOF INVESTMENTS IN SCIENCE
ANDTECHNOLOGY DEVELOPMENT FROMTHE STATE
BUDGET
NGUYEN HO PHI HA, PhD.
– Academy of Finance*
The Party and the State always consider science and technology as the top national policy, as a driving
force for socio-economic development, as the foundation and the decisive factor for the success of
industrialization, modernization and international integration. This is clearly reflected in the Resolution
No. 20-NQ/TW XI of the Central Committee of the Communist Party of Vietnam, the Science and
Technology law in 2013 and Vietnam’s strategies in Science and Technology Development 2011-2020
period.
Keywords: science and technology, investment, state budget, market
Received: July 17
th
, 2018
Revised: August 30
th
, 2018
Accepted for publication: September 7
th
, 2018
The current investments situation of in science
and technology activities from the state budget
Based on the views of the Party and the State,
the policy and legal environment governing
science and technology activities has been
continuously reformed and renovated. The Law on
Science and Technology which came into being in
2013 replaced the 2000’s law. Furthermore, many
decrees and circulars were issued to concretize
the Law, such as Joint Circular No. 121/2014/
TTLT-BTC-BKHCN dated August 25
th
, 2014 of the
Ministry of Finance and the Ministry of Science
and Technology guiding the formulation of cost
estimates, management, use and settlement of
funds for the performance of the public science
and technology organization; Joint Circular No.
16/2015/TTLT-BKHCN-BTC dated September 1
st
,
2015 guiding the management f formed assets
through the implementation of scientific and
technological tasks using the state budget; Joint
Circular No. 55/2015/TTLT-BTC-BKHCN dated
April 22
nd
, 2015 guiding the norms of construction,
allocation of budget estimates and finalization of
budgets for science and technology tasks using
the state budget; Joint Circular No. 27/2015/TTLT/
BKHCN-BTC dated December 30
th
, 2015 regulating
expenditures for the implementation of scientific
and technological tasks using the State budget.
* Email:
