Resolution 68 unleashes innovation potential with first regulatory sandbox
The sandbox serves as a playground for technological experimentation, allowing select companies to test innovative business models and technologies under real-world conditions for a defined period and scope.
Workers at a factory in Quang Ninh province (Photo: VNA)
Hanoi (VNA)🗹 – The Politburo's Resolution No. 68-NQ/TW, aimed at spurring the private sector's growth, marks a pivot toward a future driven by innovation and scientific ambition. At its heart lies Vietnam’s first regulatory sandbox, a novel mechanism enshrined in the Law on Science, Technology and Innovation, passed at the National Assembly’s 9th session.
The sandbox serves as a playground for technological experimentation, allowing select companies to test innovative business models and technologies under real-world conditions for a defined period and scope. Regulators closely monitor the process and have established safety nets to ensure that any financial errors do not affect the stability of the nation's financial system.
The new law establishes a rigorous and transparent set of rules to govern sandbox operations, reflecting a shift in regulatory approach, from requiring pre-approvals to post-supervision, and from demanding “absolute safety” to embracing “controlled risk.” The framework permits calculated risks within strict legal and supervisory boundaries, balancing innovation with stability.
The pilot rollout will begin at Hanoi-based Hoa Lac Hi-Tech Park, where Deputy Director Tran Dac Trung said the infrastructure, land, tech talents, and legal frameworks are in place. Several companies have already submitted project proposals, awaiting the formal registration process.
Assoc. Prof. Huynh Dang Chinh, Deputy Director of the Hanoi University of Science and Technology, broke down the sandbox’s winning formula. Safety is paramount to protect users and insulate businesses and regulators from unforeseen hazards, he said.
Financial incentives, he added, are the spark to draw firms, while efficiency is achieved by tying the sandbox to tech exchanges, investment funds, and big corporations so that successful trials can hit the ground running.
To cultivate a new generation of aspiring entrepreneurs, universities staged sandbox-themed competitions, including HR Sandbox 2025 hosted by the Human Resources Club of the National Economics University, and UII Sandbox 2025 run by the Innovation Institute of the University of Economics Ho Chi Minh City./.
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With the regulatory sandbox, fintech companies in Vietnam will keep contributing to the development of the financial sector, especially a system that helps vulnerable groups access affordable and quality financial services.
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This project will not only deliver economic benefits but also transform agriculture, helping the Mekong Delta lead in climate-resilient smart farming and deeper integration into global value chains.
A Vietnamese tech miracle is entirely within reach, if supported by well-structured, long-term, and drastic policies, said former Israeli Minister of Justice Yossi Beilin.
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Nuclear energy development must be defined as a long-term strategic goal with vital importance in socio-economic development and ensuring national defence and security, Party General Secretary To Lam said.
Google has joined hands with the Vietnam National Innovation Centre (NIC) and the Da Nang Semiconductor & AI Centre (DSAC) to conclude a four-day AI Solutions Lab in Da Nang, marking a new step in fostering Vietnam’s artificial intelligence ecosystem.
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Deputy Minister of Agriculture and Environment stressed the need to help farmers access smart technologies, build a digital agriculture ecosystem, and strengthen the farmer-scientist-enterprise-government linkage to align production with value chains and consumption regions.
The T-90S, the most modern tank in Vietnam’s arsenal, weighs 46.7 tonnes and combines powerful firepower, high mobility and layered armour protection. Operated by a three-man crew, it features a 125mm gun and both active and passive defence systems. The tank is capable of firing missiles through its main cannon and has proven effective in training and combat readiness.
