Aiming to bolster innovation and digital transformation, Hanoi will provide 100% funding for new investments or infrastructure upgrades for organizations operating in these fields.
At the third (thematic) session of the 17th Hanoi People's Council on June 2, delegates officially passed a Resolution regarding incentive policies to support infrastructure and organizations active in science, technology, innovation, and digital transformation within the city.
Accordingly, Hanoi will support 100% of the costs for new investments or upgrades to sci-tech, innovation, and digital infrastructure for organizations under the city's jurisdiction. Furthermore, the city will cover 100% of the operating costs for these facilities during the first three years of service.
For public research and development (R&D) centers, laboratories, and incubators belonging to non-city-affiliated public universities, vocational schools, sci-tech organizations, or State-owned enterprises, Hanoi will provide up to 50% of the investment or upgrade costs. For new investment projects in this category, up to 50% of operating costs will also be supported during the first three years of operation.
The city also offers a maximum of 30% support for the costs of new investments or laboratory upgrades for private universities, non-public sci-tech organizations, and private enterprises. For newly invested laboratories, this 30% operating cost support will apply for the first three years after they become operational.
Notably, organizations and businesses developing infrastructure through private-sector participation will be exempt from fees for installing equipment and telecommunications cables on the city’s smart city technical infrastructure for a period of two years.
According to statistics, Hanoi currently hosts 221 science and technology enterprises, 10,996 digital technology firms, and over 1,000 innovative startups. Additionally, the capital concentrates more than 70% of the nation’s sci-tech organizations, universities, and research institutes, along with 82% of the country's laboratories, including 14 national key laboratories.
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