The Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on breakthroughs in science and technology development, innovation and national digital transformation is being translated into practical initiatives to meet development needs.

Tran Anh Tuan, Director of the Hanoi Department of Science and Technology, said the city will commission several universities to implement Resolution 271, aiming to have the first spin-off enterprises launched by November or December.

When research institutions have stable resources and the tax burden on scientists and businesses is lifted, the quality of scientific and technological research outcomes is expected to improve.

Hanoi, HCM City and Da Nang plan to implement specific policies to encourage science and technology and innovation, with incentives those beyond currently applied.

Several important, groundbreaking proposals were made by Minister of Information and Communication Nguyen Manh Hung at the recent conference on the development of science, technology, innovation, and high-quality human resources to spur growth.

The government has emphasized the need to amend legal regulations to remove bottlenecks in science, technology, and innovation activities. The principle is accepting risks and venture capital.