New R&D rule could spur millions of dollars in additional tech investment
If the proposed threshold is approved and takes effect, the five largest technology companies could add up to 7.6 trillion VND (291 million USD) in R&D funding annually.
If the proposed threshold is approved and takes effect, the five largest technology companies could add up to 7.6 trillion VND (291 million USD) in R&D funding annually.
To prepare for a new generation of FDI attraction in line with Resolution No. 10-NQ/TW on the development of the foreign-invested sector, the city is expanding its high-tech development space. A newly approved 194.84ha expansion area in Long Phuoc ward is being planned under a “Green–Clean–Digital” model, with the goal of achieving carbon neutrality before 2050.
With a solid foundation, ongoing institutional reforms and strong investment in science and technology capacity, Ho Chi Minh City is steadily advancing toward its goal of becoming a leading regional hub for science, technology and innovation.
Under the municipal People’s Council’s Resolution No. 17/2025/NQ-HDND on attracting strategic investors, Hanoi is focusing on creating favourable conditions and offering strong incentives to investors in research and development (R&D), technology transfer, and high-quality workforce training.