Some actual problems of financial mechanisms for science and technology activities in Vietnam

In actual international integration trends, the science and technology (S&T) is one of the main actors causing great impacts to socio-economic development of the country. S&T is the key for shortening the process of industrialization and modernization in efforts to catch up other nations in the world. S&T is the deciding factor for implementation of objectives to shift our economy to the knowledge based economy in the actual process of globalization. It is a reality that our S&T capacities remain low. There exist many reasons of that and among them are the financial mechanisms actually applied in S&T sectors. The financial mechanisms play especially important roles among all the other mechanisms and policies for S&T development. The financial mechanisms are key factors to decide successes or failures of strategies of S&T development of every nation. This paper has objectives to indicate some shortages in financial mechanisms, fromestablishment and distribution up to use of financial resources invested for S&T sectors which are found weak and limited. On this basis, the paper provides some suggestions and proposals related to innovation of financial mechanisms for S&T activities in Vietnam in purpose to produce highest effects for the national economy.Code: 15090101