Hanoi supports establishment of 200 science and technology firms (16:38 06/03/2020)

HNP - Hanoi People’s Committee issued plan No.49/KH-UBND on February 28, supporting the establishment of 200 science and technology firms in the capital by 2025. 

As part of the plan, Hanoi’s authorities would focus on promoting regulations for the establishment of science and technology firms, at the same time conducting surveys and building a database on science and technology firms. The move would help raise awareness of related departments, units and enterprises, especially those applying technological advancements in production and businesses. 
Additionally, the local authority plans to provide training courses and enhance capabilities for consultants and organizations specialized in supporting science and technology companies; assisting  them in improving corporate governance and commercializing products post R&D process, contributing significantly to the establishment of 200 science and technology firms by 2025. 
Hanoi is also expected to help high potential science and technology firms create products capable of competing in the market and developing sustainably; guide firms to apply for incentive polices and seek recommendations from the business community to contribute to legal framework formulation for science and technology firms. 
In the coming time, Hanoi would continue to encourage innovative startups to adopt the science and technology approach, which is considered key to form a strong base of pioneering companies applying technologies and sciences for greater competitiveness.

By Ngoc Lam

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