Politburo member and National Assembly Chairman Tran Thanh Man has signed and issued Resolution 226/2025/QH15 on piloting a number of specific mechanisms and policies for the development of Hai Phong city.
The Resolution clearly states that the city is allowed to establish a risky investment fund to invest capital in high-tech projects, high-tech enterprises, science and technology enterprises, and innovative startups to support and promote innovation and commercialization of science and technology products.
The risk investment fund is allocated charter capital from the city budget, receives funding, and mobilizes other legal capital sources according to the provisions of law.
The management and use of capital sources of the adventure Investment Fund is carried out according to market principles, ensuring publicity, transparency, efficiency, preventing loss, waste and accepting risks;
The City People's Committee has developed a project to establish an adventure Investment Fund to submit to the City People's Council for approval, clearly defining the form of organization and operation of the Fund; the duration of operation of the Fund; beneficiaries of support; beneficiaries of capital investment; level of charter capital support from the city budget...
The City People's Council approved the project, stipulating the mechanism for organizing the activities of the adventure Investment Fund, the responsibility for inspection, supervision, and reporting on implementation results. The City People's Committee decides to establish and promulgate the charter and investment regulations of the adventure Investment Fund.
The Resolution also clearly states that exemption of responsibility for cadres, civil servants, public employees, and workers who use capital from the adventure Investment Fund to invest capital in high-tech projects, high-tech enterprises, etc. in cases where they have fully implemented investment processes and regulations, and are not self-estsare during the performance of their duties but have suffered losses due to objective reasons.
This Resolution takes effect from July 1, 2025.
