Hanoi to establish innovation centre as joint stock company to drive tech-led growth
The Hanoi Innovation Centre is expected to help concentrate resources and create breakthroughs for rapid and sustainable growth.
Students of a high-school in Hanoi practice for a robotics competition. The city plans to establish Hanoi Innovation Centre as a joint stock company to promote innovation and drive growth. (Photo: VNA)
Hanoi (VNS/VNA) – Hanoi plans to establish an innovation centre following the model of a joint stock company to consolidate the capital city’s position as Vietnam’s leading innovation hub, according to a draft resolution submitted to the municipal People’s Committee this week.
The report showed that Hanoi is already home to over 70% of scientific institutions, 82% of national laboratories, and 65% of leading scientists.
It also has over 1,000 startups, or more than 26% of the total number of startup firms in Vietnam, as well as 38% of business incubators and 40% of accelerators.
Notably, Hoa Lac Hi-tech Park has been transferred to be under the city’s management since 2023, adding a critical infrastructure for the city’s innovation ecosystem.
The Hanoi Innovation Centre is expected to help concentrate resources and create breakthroughs for rapid and sustainable growth.
Under the draft, the innovation centre will operate as a joint stock company. It will also advise on science and tech policy, support commercialization, build digital infrastructure, and manage startup incubators and accelerators.
In addition, the centre will run programmes to train high-tech human resources, develop urban smart data platforms, and establish a digital asset exchange and an innovation fund to support startups and venture financing.
It will also focus on promoting public-private-academic partnerships, supporting tech transfer, and building a community of experts and innovation-driven enterprises./.
Hanoi’s Department of Tourism has introduced a series of new attractive tourism products, aiming to make a strong breakthrough during the National Day (September 2) holiday, and accelerate growth through the end of the year.
In line with guidance from the Government Office and the Ministry of Agriculture and Environment, the capital has assigned its Department of Agriculture and Environment to raise public awareness and disseminate legal knowledge on biodiversity conservation and resource use.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Under the theme “Breakthrough Era with the Development of Industrial Internet”, the event gathered over 400 delegates, including senior officials, leading Internet experts, and technology engineers from Vietnam and abroad.
