A number of provinces and centrally-run cities have recently unveiled detailed budget plans to boost science and technology, innovation, and digital transformation this year.

Hanoi is the first locality to earmark up to 4% of its total budget expenditure — equivalent to approximately VND9 trillion ($343 million) annually — for science, technology, innovation, and digital transformation. The capital city has also set a target of disbursing 100% of allocated funds for approved tasks, considering these areas a key growth driver in its ambition to achieve double-digit economic expansion.

Ho Chi Minh City authorities have likewise prioritised the sector, allocating VND12.705 trillion ($485 million) for science and technology in the city’s 2026 budget estimate, accounting for 4.16% of total local budget spending.

Most recently, the People’s Committee of central Da Nang City issued a plan to implement the project titled “Development of Science and Technology in Da Nang City for the 2026–2030 period, with a vision to 2035.” Funding for the project in 2026 alone is estimated at more than VND132.4 billion ($5.05 million).

At the national level, Vietnam plans to allocate VND95 trillion ($3.6 billion) from the State budget this year for the development of science, technology, innovation, and digital transformation, underscoring the Government’s commitment to strengthening growth through knowledge, technology, and digital capacity.

Source: VNECONOMY