Hanoi plans to launch its Tech Exchange by 2026-2027 to match supply and demand for technologies, commercializing intellectual property, and enhancing the city’s competitiveness, according to the Hanoi Department of Science and Technology.

Nguyen Viet Hung, the department's Deputy Director, said the exchange will operate through a dual model, a physical venue at the Hanoi Tech Exchange Center on Vo Chi Cong Street and a digital platform.

By 2030, the exchange is envisioned as a regional connector for research institutions, universities, businesses, and investment funds, both domestic and international.

It includes listing at least 30,000 technologies within the first five years, facilitating 1,000 successful technology transfer deals by the fifth year, and attracting 20 domestic and international investment funds within the first three years of operation.

Under the public-private partnership model, the city will provide infrastructure and facilities while private enterprises contribute digital platforms, human resources, and specialized services to the exchange, which will convert into a joint-stock company, with the state holding no more than 49% of the charter capital.

Linking research to business

The exchange is designed to function as an intermediary for matchmaking, appraisal, brokerage, and transaction facilitation. It will house a big data center and integrate advanced digital infrastructure to cultivate a modern, transparent, and dynamic tech trading culture in the capital.

At a meeting on June 20, Le Hong Son, Vice Chairman of the Hanoi People’s Committee, identified the Hanoi Tech Exchange as one of four key pillars in the city’s innovation strategy, alongside the Innovation Center, Venture Fund, and Startup Incubator.

Hanoi’s innovation and startup ecosystem outlines several incentives for the exchange’s stakeholders, including three to five years of rent exemptions, coverage of up to 50% of operational expenses for the first three years, and waived or discounted transaction fees for startups and SMEs.

The city also called for strong involvement from tech companies, academic institutions, and digital experts in developing the online trading platform, which is expected to enable cross-border connectivity and the commercialization of innovations.

The exchange aligns with Hanoi’s Program No. 07-CTr/TW dated March 17, 2021, which prioritizes developing science, technology, and innovation from 2021 to 2025. The city plans to upgrade the Hanoi Tech Exchange to a national-level exchange linked to major global tech hubs.