The Ministry of Science and Technology (MoST) launched the National Science and Technology Exchange in Hanoi on June 30 to accelerate technology transactions and foster connections between research, production, and market demand.

Developed under a public-private partnership, the platform is accessible via techmartvietnam.vn and is set to begin full operations in November. It seeks to become a national hub that provides a space for tech providers, buyers, experts, and innovators to connect.

During the initial phase, the exchange will offer more than 600 listings of technological equipment and machinery, as well as 50 active technology purchasing requests. It will also boast a network of 150 advisors and brokers.

Organizations and individuals can showcase their technologies via virtual booths. Future upgrades will offer live supply-demand matching, transaction data tracking, financial consulting, IP integration, and tech transfer services.

At the launch, Deputy Minister of Science and Technology Hoang Minh said the platform addresses businesses' common challenges of not knowing their technological needs or how to access the right solutions.

"The exchange provides a structured point of contact between market demand and research output," he said.

The platform would integrate intellectual property databases and connect users with expert consultants, facilitating trust and smooth transactions.

The ministry will establish supportive policies to sustain the platform’s development and allow for flexibility in governance models-public, private, or mixed-depending on the context.

Hybrid model, broad engagement

Tran Dac Hien, General Director of the ministry’s National Agency for Science and Technology Information, noted that the exchange will operate both online and in person. Ongoing events will include consulting, technology valuation, exhibitions, and workshops to support businesses.

Dinh Viet Hoa, Chairman of the National Startup Association, emphasized that the exchange not only facilitates transactions, but also safeguards domestic innovations.

Huynh Dang Chinh, Vice President of Hanoi University of Science and Technology, pledged to share research data and help students access the exchange to support product development.

To Hoai Nam, Vice President of the Vietnam Association of Small and Medium Enterprises (VASMEs), welcomed the platform’s launch amid a nationwide drive for science-and innovation-led growth. He urged the platform to maintain transparency, accessibility, and real-world relevance for SMEs.

Nguyen Tu Quang, CEO of the Vietnamese technology firm Bkav, called for transparent technology valuation mechanisms to stimulate greater activity in the tech market.

Meanwhile, Pham The Binh, Deputy Director of the Department of Digital Transformation and Cryptography at the Central Office of the Communist Party, proposed establishing a transaction insurance fund, which would be financed by contributions from each transaction, to protect buyers and sellers.

As of June 2025, Vietnam has 22 technology exchanges in operation, including 19 local exchanges, two regional-level platforms, and the Ministry of Science and Technology’s (MoST) new national exchange.