Budget Proposal for Science and Innovation Competitions in Ho Chi Minh City

The Ho Chi Minh City People's Committee has submitted a draft resolution to the People's Council defining expenditure levels and prize amounts for contests and competitions in science, technology, engineering, and innovation within the city.

According to the draft resolution presented at the sixth session of the 11th term of the Ho Chi Minh City People's Council for 2026-2031, expenditure levels from the city budget are being established. Activities within the scope of the regulation include the Technical Innovation Contest, the Youth and Children Innovation Contest, and innovation and startup competitions in various sectors.

For the Technical Innovation Contest and cross-sectoral innovation competitions, the proposed prizes are 40 million VND for first place, 32 million VND for second place, 24 million VND for third place, and 8 million VND for consolation prizes. In the Youth and Children Creativity Contest, the special prize is set at 16 million VND, first prize at 12 million VND, second prize at 8 million VND, third prize at 6.4 million VND, and consolation prizes at 4 million VND.

For other expenditure items not specified in the resolution, Circular No. 27/2018/TT-BTC of the Ministry of Finance will apply. It was stated that the necessary funds will be covered by the city's budget for science, technology, innovation, and digital transformation.