Hanoi, Sept. 30 -- The Law on Science, Technology and Innovation, and the Law on Corporate Income Tax will take into effect on October 1.

The Law on Science, Technology and Innovation, spanning seven chapters and 73 articles, establishes a legal framework to elevate Vietnam's sci-tech and innovation capabilities. Aimed at bolstering socio-economic development, national defence, and citizens' quality of life while contributing to global progress, the law shifts governance toward risk management. It outlines a clear path for Vietnam to transition from a user to a master of strategic technologies.

Notably, the law designates May 18 as Vietnam's annual Science, Technology and Innovation Day.

The Law on Corporate Income Tax, with four chapt...