Government adopts action program for bio-tech development

The action program aims to implement the Politburo’s Resolution 36, dated January 30, 2023, on bio-tech development and application serving the national sustainable growth in the new context.

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The Government tasked leaders of ministries, agencies and localities to focus on five tasks and measures including raising publi awareness of the importance of bio-tech development and application, considering it a priority mission and solution in socio-economic development plans of ministries, sectors, and localities involved.

They are requested to build and complete related laws, create favorable conditions for businesses, organizations, and individuals to partake in bio-tech research and for making breakthroughs and suitable applications in the domain.

The program targets to develop and make bio-technology part of life and a key economic-technical sector serving the national protection and construction.

The program aims to build a capable workforce, increase investment in infrastructure, support enterprise’ access to new technologies and intellectual property patents, branding and product commercialization, and international cooperation.

The Politburo's Resolution No. 36-NQ/TW targets to turn Viet Nam into one of the top 10 Asian countries in terms of bio-tech production and services by 2030.

The bio-tech industry will become an important economic and technical sector, contributing around 7 percent of the gross domestic product (GDP).

By 2045, Viet Nam is expected to have a developed bio-tech sector and become one of the leading hubs of smart production and services, and bio-tech start-up and innovation in Asia. The sector will add 10-15 percent to the GDP by that time.