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Hanoi mulls over strategy for greater utilization of foreign-based technologies
Nguyen Tung 18:00, 2019/10/09
Hanoi aims to adopt sets of measures and policies supporting improvements of the business environment, laying foundation for transferring, mastering and developing foreign-based technologies in the city.
Hanoi has issued strategy No.222, aiming to promote the transfer, development and master of foreign-based technologies in Vietnam in priority fields from now until 2025, with vision to 2030. 
 
Illustrative photo.
Illustrative photo.
Under the plan, Hanoi aims to adopt sets of measures and policies supporting improvements of the business environment, laying foundation for transferring, mastering and developing foreign-based technologies in the city, at the same time expanding and creating market for the application of new technologies and products under the Law on Technology Transfer and other tax laws. 

Additionally, Hanoi would continue to perfect mechanisms and policies in a bid to ease difficulties for enterprises accessing loans from credit institutions; encouraging enterprises to use their R&D funds for transferring, developing and mastering foreign-based technologies. 

Additionally, the city gives priority to addressing issues regarding specialized inspection of organizations, individuals and enterprises operating in transferring, mastering and developing foreign-based technologies to Hanoi in priority fields; encouraging organizations and enterprises forming linkage with educational institutions, aiming to develop skilled human resources capable of absorbing, mastering and utilizing such technologies efficiently. 

The strategy acknowledges that more effort is needed to continue attracting FDI projects to Hanoi, focusing on those using modern, smart and environmentally friendly technologies; completing the statistics works of transferring, mastering and developing foreign-based technologies to Hanoi; setting up database of technologies which is compatible with national database of science and technologies; raising public awareness about rights of intellectual property, valuation of intangible assets and capital contribution of enterprises through intangible assets. 

The capital city also addresses other issues, including improvements of IT infrastructures; supporting enterprises mastering and developing technologies imported from abroad into Hanoi; enhancing quality of human resources. 

More importantly, Hanoi would focus on promoting the importance of technologies advancement in local agencies and society; protecting and implementing rights of intellectual property; organizing and participating in technology supply – demand connection event, tech marts, science and technologies exhibition; trade and investment promotion, among others. 

Hanoi would hold commend enterprises and individuals who stand out in contributing in technologies advancement, transferring, developing and mastering foreign-based technologies. 

Among 59 cities and provinces having received direct foreign investment (FDI) in the first nine months this year, Hanoi has attracted the largest portion of FDI capital commitments with over US$6.23 billion, accounting for 23.5% of total nationwide.

Ho Chi Minh City came second with US$4.52 billion or 17.3% of the total investment, followed by Binh Duong with over US$2.52 billion, accounting for 9.6% of total investment.

As of present, Hanoi has accumulated a total of US$41.3 billion in registered FDI, of which the actual disbursed amount stood at US$24.9 billion, or 49.7% of the total. 
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