THE HANOI TIMES — Hanoi is calling for stakeholders’ contributions to help shape the capital's emerging innovation infrastructure as it drafts key resolutions to implement the amended Capital Law, according to Le Hong Son, Vice Chairman of the Hanoi People's Committee.

Speaking at the Strategic Investor Dialogue on Innovation and Startup Ecosystem Development in Hanoi on June 20, Son reaffirmed the city’s commitment to establishing a legal framework for innovation support institutions.

These institutions include the Hanoi Technology Exchange, a venture capital fund, and a network of innovation centers, tech incubators, and startup hubs. They are all designed to foster a thriving innovation ecosystem and drive economic transformation in line with Resolution No. 15-NQ/TW on Hanoi’s development strategy through 2030, with a vision to 2045.

“The city has about two weeks left to finalize these resolutions are critical to ensure the city’s policies are practical and inclusive," said Son.

While leading countries have spent years testing and refining innovation policies, Hanoi now has a n opportunity to bypass that incubation phase and proceed directly to implementation.

Therefore, it’s important to have practical insights from scientists and the business community

The revised Capital City Law regulates the controlled testing of new technologies, products, services, and business models. Hanoi now has the legislative tools to pilot innovation initiatives in suitable zones and sectors.

“Enterprises interested in joining these sandbox initiatives should submit their proposals to the Hanoi Department of Science and Technology for evaluation and specific testing regulations. Fields directly impacting people’s lives will get priority," said Son.

The dialogue gathered strategic investors, such as VinaCapital Ventures, Vingroup’s VinVentures, ThinkZone Ventures, Viettel, Google Vietnam, CMC Corporation, and FPT Software; leading universities and research institutions, including Vietnam National University, Phenikaa University, and VinUni; and innovation-focused associations and enterprises.