Hanoi Creates a Reward Fund to Honor Outstanding Contributors

The Hanoi Capital Reward Fund is a state financial fund that operates outside the regular budget system and is managed by the municipal government on a non-profit basis.
The fund aims to recognize exceptional achievements that contribute to the construction, development, management, and protection of the capital. The Department of Home Affairs is responsible for managing the fund.
The fund will receive resources from tax and fee revenues above the city's budget estimates, as well as other lawful financial sources approved by the Hanoi People's Council.
The funding will be used to reward individuals, households, and organizations whose achievements and contributions support Hanoi's development.
Eligible recipients include those with outstanding accomplishments or significant contributions in the construction, development, management, and protection of the capital.
The fund must be managed and used in a transparent, effective, and accountable manner, ensuring resources are allocated for the correct purposes and recipients.
The fund cannot be used to cover routine operating expenses or any expenditure unrelated to its core functions.
Donations, sponsorships, or aid contributions to the fund must be received on a voluntary basis and handled transparently in accordance with Vietnamese law.
A single achievement qualifying for multiple reward policies may receive only the highest available reward from the fund. Achievements already recognized through other city or central government reward mechanisms will not receive duplicate awards.
Each achievement can only be rewarded once.
Awards will be assessed based on measurable results, practical impact, sustainability, and the extent to which contributions benefit Hanoi and support its long-term development goals.
Priority will be given to contributions that help address major, urgent, or long-term challenges facing the capital.
The priority areas include science and technology, innovation, digital transformation, and other strategic sectors identified by the city.
Reward levels must reflect the value, impact, and social influence of each contribution rather than being distributed equally or symbolically.
Achievements that have not been independently verified will not be considered, and the same applies to contributions involved in ownership disputes or intellectual property conflicts.
Individuals or organizations found to have provided false information during the nomination, verification, or evaluation process will also be excluded.
Cases under inspection, investigation, or subject to unresolved complaints or accusations will not be eligible for consideration until the relevant authorities have reached a conclusion.
Evaluators must maintain independence and objectivity and may not participate in assessing applications linked to their own interests, relatives, or organizations under their management.
Allocations to the fund will depend on Hanoi's budget capacity after all statutory spending obligations and financial responsibilities have been fulfilled.
Any unused balance remaining at the end of a fiscal year will be carried forward for future awards.
The city will ensure the fund is used effectively.