Ha Noi to build Tech Exchange and Innovation Center
VGP - The Ha Noi People’s Council officially approved the establishment of a Tech Exchange and an Innovation Center, marking a significant step toward strengthening the capital’s science and technology infrastructure, fostering innovation, and accelerating the commercialization of research outcomes on September 29.
The Ha Noi People's Committee reported that the Technology Exchange will operate as a modern, multi-functional marketplace for technology transactions. It will serve as a professional intermediary for technology valuation, brokerage, transfer, and promotion, while also acting as a transparent information hub. The exchange is expected to develop an extensive database on technologies and intellectual property, linking research institutes, universities, businesses, and investment funds both domestically and internationally.
A notable feature of the project is its "public investment – private management" model. Under this approach, the government will invest in and own the facilities, while qualified private enterprises will be entrusted with day-to-day management and operations. This model is expected to blend the state's regulatory oversight with the dynamism and efficiency of the private sector.
By 2030, the Ha Noi Technology Exchange aims to connect with at least 100 research institutes and universities, partner with 500 technology enterprises, draw participation from 20 investment funds, and integrate with a minimum of 10 international technology platforms. It targets contributing 5 percent of the nation's technology transaction value, generating roughly 2,000 jobs, and supporting the formation of at least 100 science and technology enterprises.
The Ha Noi Innovation Center will be founded as a joint-stock company with the state holding a controlling stake. The center will function as a key driver for the startup ecosystem, offering incubation services, technical assistance, and access to funding, while fostering collaboration with international partners. Between 2026 and 2030, it aims to support more than 200 startups, mobilize over VND 500 billion (approximately US$20 million) in investment capital, and organize dozens of innovation and startup events each year.
Experts suggested that that alongside infrastructure investments, Ha Noi should introduce tax incentives and fee exemptions for startups, build a skilled team of technology brokers, and maintain transparent operations. Strengthening international connections will also be essential for positioning Ha Noi as a competitive player in the regional innovation landscape.
With these major initiatives, Ha Noi demonstrates its determination to become a leading hub for science, technology, and innovation in Viet Nam, contributing to the country's broader vision of advancing toward a knowledge-based and digital economy.
Currently, Ha Noi is home to over 70 percent of Viet Nam's scientific institutions, including 82 percent of national laboratories and 65 percent of leading scientists. These figures underscore the city's pivotal role in advancing research and innovation nationwide.
Ha Noi boasts a thriving startup environment with around 1,000 active firms, accounting for over 26 percent of the total in Viet Nam. The city's commitment to fostering innovation and nurturing early-stage companies is further evidenced by the fact that it hosts 38 percent of the country's business incubators and 40 percent of its accelerators./.
