HÀ NỘI — The Government has asked the Ministry of Science and Technology to address regulatory and practical obstacles to valuing intellectual property, developing the science and technology market and commercialising research funded by the state budget, according to an official notice.

Deputy Prime Minister Hồ Quốc Dũng called on the ministry to work with agencies to review existing regulations and propose measures to resolve inconsistencies and gaps, the Government Office said in Notice No 505/TB-VPCP on the conclusions of a recent meeting.

Despite progress in developing the legal framework for science, technology and innovation, several bottlenecks remain, including limited technology supply from research institutes and universities, weak commercialisation prospects, low business participation and a lack of reference data for intellectual property valuation.

Science and technology exchange platforms also face constraints in infrastructure, data, human resources and connectivity, the notice said.

The ministry must review legal documents governing intellectual property valuation, the science and technology market and the commercialisation of research results funded by the state budget, identifying provisions that are inconsistent, unclear, incomplete or unsuitable for practical implementation.

The review must also clarify the types of assets generated by state-funded science and technology projects and establish rules for their management and use.

Based on the findings and international experience, the ministry is to amend regulations within its authority or propose changes to the relevant authorities. It must report the results to the prime minister in October 2026.

The ministry is also asked to propose an appropriate legal framework defining the functions, responsibilities and organisational structure of science and technology exchange platforms.

The framework should ensure connectivity and interoperability between the national platform, local exchanges and international science and technology trading platforms.

In addition, the ministry must develop a database of intellectual property transaction prices to support valuation, appraisal and transactions involving intellectual property rights. It must report on this work to the prime minister before October 15, 2026.

The government also wants the ministry to propose effective mechanisms to encourage businesses to participate in science, technology and innovation projects, helping research results reach the market.

The ministry must report its proposals to the prime minister in October 2026.

It is also required to continue collecting and reviewing difficulties and recommendations from ministries, agencies and local authorities. Issues within its remit must be addressed promptly, while those beyond its authority must be submitted to the relevant bodies for consideration.

The ministry will coordinate with the Ministry of Finance, the Ministry of Education and Training and other agencies to improve communication of regulations on science, technology, innovation, intellectual property, financial management and asset management.

It must also provide guidance to research institutes, universities and other relevant organisations to help them apply the regulations and resolve implementation difficulties. — VNS