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Vietnam in XXI Century: Institutional Development of S&T and Innovation Policy

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  • Anna Zaytseva

    (Institute for Statistical Studies and Economics of Knowledge, National Research University Higher School of Economics)

Abstract

Since the beginning of 1990s the Vietnamese economy has been undergone structural changes that until recently have resulted in fast modernization and GDP growth. Recognizing the need to point economic development towards innovation, the government has undertaken institutional reform. This paper assesses the evolution of science, technology and innovation policy for the last decade in Vietnam, with emphasis on the coherence and efficiency of policy instruments. The study shows that despite major steps forward in the formation of a legislative and institutional framework for the national innovation system, there are factors working against it. The mixed character of the Vietnamese economy (combining market institutions with tight public regulation and a significant share of public property) fostered by inconsistent and ineffective policies, discourages the innovation environment and synergy of reforms. There is also a huge gap between policy and implementation. Another factor is difficulties with setting strategic goals and defining policy priorities: policy tasks are overwhelming in number, but also there is overlap. There is no interdepartmental agency able to provide horizontal and vertical co-ordination of governmental initiatives. The bias towards fostering «technology push» as well as preserving dominance of state actors in science and industry is the most important inconsistency; «market pull» based tools remain underdeveloped. A new set of measures envisaged by the Strategy of Scientific, Technological and Innovation Development for 2011-2020 provides some opportunity for new policies. The government will need to revise the framework conditions restricting the development of competition, introduce demand-driven and inclusive development oriented tools as well as develop targeted and complementary regulation. Qualitative improvement of institutions requires introducin competitiveness where now economic elites dominate, and this, again, forces into the open the tension between economic pluralism and political monopoly. Note: Downloadable document is in Russian.

Suggested Citation

  • Anna Zaytseva, 2012. "Vietnam in XXI Century: Institutional Development of S&T and Innovation Policy," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 6(2), pages 44-55.
    • Handle: RePEc:hig:fsight:v:6:y:2012:i:2:p:44-55
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    File URL: http://foresight-journal.hse.ru/data/2013/06/05/1285045336/5-Zayceva-44-57.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    national innovation system; Vietnam; S&T and innovation policy institutes; transitional economy; policy mix;
    All these keywords.

    JEL classification:

    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • O - Economic Development, Innovation, Technological Change, and Growth
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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