Ministry of Science and Technology: Developing mechanisms and policies to develop the bio-industry of Industry and Trade
Science and technology is one of the important solutions to achieve a number of specific goals, such as increasing the potential of S&T, contributing to reducing the production cost of products by at least 25% compared to the technology being applied in enterprises to 2025.

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According to Decision No.1600/QD-TTg on the Project on Development of Bio-Industry of Industry and Trade until 2030, science and technology is one of the important solutions to achieve a number of specific goals, such as strengthening the potential of science and technology, contributing to the development of science and technology, reduce the production cost of products by at least 25% compared to the technology being applied in enterprises by 2025, master a number of new-generation biotechnologies, create applied industrial-scale products in production practices by 2030.
Therefore, the Ministry of Science and Technology is assigned the task of coordinating with the Ministry of Industry and Trade to develop the industry and trade bio-industry and develop an investment plan to develop a key laboratory for biotechnology, to enhance the potential of the biotechnological facilities and equipment for scientific research and training units managed by the Ministry of Industry and Trade; allocating funds for the implementation of S&T tasks from the non-business budget of S&T; Formulate preferential mechanisms and policies for supporting the application of biotechnology research results in the processing industry, support for technology transfer and import, and regulations related to intellectual property in the field of bio-industry of industry and trade.
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