Students discover a science and technology exhibit in Ho Chi Minh City. Photo: CESTI
The allocation accounts for 4.16 % of the town’s complete budgeted expenditure for this yr, in line with a goal vary of 4 % to 5 %, in response to the Ho Chi Minh City Department of Science and Technology.
Officials stated the town goals to maneuver away from fragmented funding towards centered spending that may ship measurable outcomes and straight help its objective of attaining double-digit financial development.
The funding plan was outlined on Wednesday at a convention reviewing science, technology, innovation, and digital transformation efforts in 2025 and setting priorities for 2026.
A good portion of the budget will likely be directed towards increasing digital infrastructure and knowledge structure as the town develops right into a megacity, officers stated.
The metropolis plans to extend 5G community protection from 70 % to 80 % of the inhabitants, whereas additionally investing in Internet of Things infrastructure and sensible digicam methods.
Authorities stated the shift in spending priorities displays an emphasis on digital foundations and commissioned analysis tasks quite than broad-based funding, as the town enters what it described as an acceleration yr for science and technology improvement.