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Da Nang invests nearly 5.5 million USD in science, technology development

Of the total investment, 107 billion VND came from the city's science and technology budget, 11 billion VND from central Government funding and 22 billion VND from other sources.

A view of Da Nang city's centre at night (Photo: VNA)
A view of Da Nang city's centre at night (Photo: VNA)

Hanoi (VNS/VNA) - Since 2021, Da Nang has implemented more than 100 science and technology projects at various levels, with a total investment of 140 billion VND (nearly 5.5 million USD), according to the city’s Department of Science and Technology.

Of the total investment, 107 billion VND came from the city's science and technology budget, 11 billion VND from central funding and 22 billion VND from other sources.

Between 2021 and 2024, Da Nang issued 59 policies and regulatory frameworks to promote science, technology and innovation. These include support for enterprises in technology innovation and start-up incubation, intellectual property development, incentives for creative labour and standards and measurement regulations to enhance product quality and productivity.

In recent years, Da Nang has taken the lead in establishing policies to foster an innovative start-up ecosystem.

The city has focused on several key policy areas: personal income tax and corporate income tax exemptions for innovative start-ups, incentives for transferring shares and capital into start-ups, support for start-up project development, regulations on controlled trials of new technological solutions, and investment policies for the use of science and technology infrastructure for start-ups.

Le Thi Thuc, deputy director of the Department of Science and Technology, emphasised that Da Nang is working to remove institutional and budgetary barriers, especially in building technical infrastructure. The city aims to strengthen policy frameworks, enhance human resources for science and innovation, and address regulatory obstacles to attract and retain top scientists and experts.

One of Da Nang’s key priorities is to develop policies that attract, retain and empower talented scientists and specialists to lead scientific and technological missions in the city.

Additionally, Da Nang is reviewing and proposing solutions to eliminate bottlenecks, unlock domestic resources and introduce preferential mechanisms to attract foreign investment and knowledge transfer.

The city is also considering relaxing work permit requirements, visas and residency policies to encourage international experts to work in Da Nang, fostering a stronger scientific and technological landscape./.

VNA
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