Decree No. 271/2025/ND-CP Launchpad for forming new technology enterprises, contributing to the economic development of the Capital

The Hanoi People's Committee has just coordinated with the Ministry of Science and Technology (MOST) to organize a conference to implement Decree No. 271/2025/ND-CP regulating the mechanism for establishing and contributing capital to enterprises to commercialize the results of scientific research and technology development in the capital.

Decree 271 is considered a strategic breakthrough, opening a "new chapter for science , technology and innovation in Vietnam," especially breaking down barriers to bringing academic knowledge into direct service of production and life.

"Untie" and remove mechanism bottlenecks

Deputy Minister of Science and Technology Hoang Minh emphasized that although the Party and State always consider science and technology as the driving force for development, reality over the years has shown that a large number of research results remain on paper and have not been effectively commercialized. Decree 271/2025/ND-CP was issued as an institutional breakthrough, removing the biggest bottleneck: capital contribution and management mechanisms.

This Decree not only creates a common foundation for the national science and technology system like the previous Decree 263, but is also a specific policy under the Capital Law, allowing Hanoi to take the lead, set an example and spread the spirit of innovation throughout the country.

The immediate goal of Hanoi City is to build an interdisciplinary working group to guide the pilot model of science and technology enterprises and strive to have the first enterprises formed from schools and institutes in November and December 2025. Photo: PV

Accordingly, Decree 271 allows public institutions to directly contribute capital to science and technology enterprises, and at the same time allows civil servants to use personal capital to contribute capital, participate in the management and operation of enterprises. This is an important mechanism to encourage the Spinoff model—a close connection between training, research and business, helping schools and institutes directly turn intellectual property into commercial products.

Representatives of the Foreign Trade University and other training institutions highly appreciated the fact that Decree 271 not only resolved the problem of tangible assets but also paved the way for the valuation and capital contribution of intellectual property and brands. This mechanism has untied the long-standing problem in cooperation between schools and enterprises.

Determined to perfect the innovation value chain

With the newly issued special mechanism, Hanoi is urgently concretizing Decree 271 with a detailed roadmap and synchronous mechanisms. The city has high expectations for the formation of a closed chain from the stage of research ordering - reimbursement - commercialization - to Sandbox (controlled testing).

Director of the Hanoi Department of Science and Technology Tran Anh Tuan said that the city is committed to spending 4% of its regular budget expenditure (equivalent to 5,000 billion VND) on science and technology. The immediate goal is to build an interdisciplinary working group to guide the pilot model of science and technology enterprises and strive to have the first enterprises formed from schools and institutes in November and December.

At the conference, universities expressed their agreement but also made specific recommendations. Associate Professor, Dr. Huynh Dang Chinh, Vice Rector of Hanoi University of Science and Technology, commented that the legal framework was very good, the problem was effective implementation. Hanoi University of Science and Technology, with its own internal science and technology enterprises, hoped to receive specific mechanism support in contributing capital and establishing enterprises according to the new criteria.

Representatives of the Ministry of Education and Training said that the demand for establishing businesses in higher education institutions is very high and they believe that there will be many pioneering schools. However, experts also noted the need to clarify the intellectual property valuation process and provide stronger support for the vocational education sector, which is still "weak" compared to large universities.

Decree 271 is considered an important highlight, further strengthening the legal corridor for the establishment of enterprises from higher education institutions. With the determination of the Government and the initiative of Hanoi city, scientists believe that the Decree will be a launching pad for the formation of new technology enterprises, contributing greatly to the economic development of the capital and the whole country.

Source: https://daibieunhandan.vn/nghi-dinh-so-271-2025-nd-cp-be-phong-hinh-thanh-doanh-nghiep-cong-nghe-moi-dong-gop-vao-su-phat-trien-kinh-te-thu-do-10392768.html