Hanoi pledges to spend 5,000 billion VND annually on science and technology.

DNVN - Hanoi City has committed to spending 4% of its regular budget expenditure, equivalent to VND5,000 billion, on science and technology to strongly promote the commercialization of research results. The goal is to strive to have the first enterprises formed from schools and institutes in the last two months of 2025.

Conference scene. Photo: Thu Hang/New Hanoi

This information was given at the workshop on implementing Decree No. 271/2025/ND-CP (Decree 271) of the Government "Regulations on establishment, participation in establishment of enterprises, participation in capital contribution to enterprises to commercialize scientific research results, technology development in Hanoi" organized by Hanoi People's Committee in coordination with the Ministry of Science and Technology on the afternoon of October 23.

Decree 271 - Key to implementing the "pilot first, then disseminate" mechanism

Deputy Minister of Science and Technology Hoang Minh commented that Decree 271 is a breakthrough and timely step. "This is a solid legal foundation for Hanoi, as the largest science and technology center in the country, to implement the 'pilot first, then disseminate' mechanism," Mr. Minh shared.

According to Deputy Minister Minh, Decree 271 is not only a technical guide but also a key to opening a three-party cooperation model: the State, the University and the Enterprise. This Decree marks the beginning of a new program, contributing to the realization of applying research results in life, while creating a driving force for the development of the knowledge economy. He emphasized that Hanoi needs to make the most of the outstanding mechanisms that this Decree brings to promote the formation of enterprises originating from research institutes and universities, contributing to promoting the development of the capital's innovation ecosystem.

In the main content of Decree 271, Mr. Pham Hong Quat, Director of the Department of Startups and Technology Enterprises (Ministry of Science and Technology), said that this Decree has especially emphasized the role of universities and research institutes. "These organizations are not only the place to produce knowledge but also directly participate in the market, helping to form new technology enterprises - the 'seeds' for the knowledge economy of Hanoi and the whole country," Mr. Quat emphasized.

Appreciating the impact of Decree 271, representatives of universities in Hanoi said that this document has resolved a number of long-standing issues, such as the valuation of intellectual property and the capital contribution mechanism of civil servants.

Completing the closed cycle of science and technology

Director of the Hanoi Department of Science and Technology, Tran Anh Tuan, in his concluding remarks, affirmed that Hanoi is ready to enter the action phase. He said that, along with the implementation of 6 Resolutions of the Hanoi People's Council on the development of science, technology and innovation, Decree 271 will play an important role in this strategy.

The implementation of Decree 271 will help Hanoi complete a closed value chain from ordering - research - reimbursement - commercialization - experimental sandbox, aiming to establish the first science and technology enterprises from universities and research institutes in 2025.

In addition to the financial commitment of VND5,000 billion, Mr. Tuan said that Hanoi is building an interdisciplinary working group to guide the pilot implementation of the science and technology enterprise model according to Decree 271.

Leaders of the Hanoi Department of Science and Technology affirmed that the implementation of Decree 271 will strongly promote technology transfer activities and commercialization of research results throughout the city.

Hien Thao

Source: https://doanhnghiepvn.vn/cong-nghe/ha-noi-cam-ket-chi-5-000-ty-dong-hang-nam-cho-khoa-hoc-cong-nghe/20251024020923897