Transparent data paves the way for green startups.

The signing ceremony for the cooperation agreement between the units and the National Center for Creative Startup Support was held at the workshop.

The workshop attracted the attention of many experts, businesses, policymakers, and startup support organizations, in the context of the vigorous implementation of Resolution No. 57 of the Politburo , creating new momentum for the innovation ecosystem nationwide.

At the workshop, there was a consensus that innovative startups in the green and sustainable economy sector are not just a trend, but are becoming an essential requirement in the face of increasingly stringent demands from the market, investors, and international standards on environmental, social, and governance (ESG).

Blockchain and the Value Chain Transparency Challenge

One of the topics discussed in depth at the conference was the role of blockchain in enhancing value chain transparency – a key element for sustainable startups. Speakers argued that the current crisis of trust in supply chains largely stems from inconsistent data, a lack of verifiability, and vulnerability to manipulation.

Speaking at the conference, Ms. Jlo Tran, co-founder and CEO of VBI Academy and representative of GFI Ventures, stated that blockchain is shifting from an emerging technology to a "trust infrastructure." Thanks to its ability to store immutable, transparent, and verifiable data, blockchain helps businesses build reliable traceability systems, thereby enhancing brand reputation and market access.

Ms. Jlo Tran, co-founder and CEO of VBI Academy, representing GFI Ventures, shared her insights at the conference.

Based on practical experience in production and business in many localities, delegates pointed out that supply chain transparency has become a mandatory requirement, in which traceability is no longer an option but the foundation of sustainable trade, especially for agriculture , food, OCOP products and local specialties.

According to experts, startups and small and medium-sized enterprises (SMEs) currently account for approximately 97% of all businesses in Vietnam, but the majority are small in scale, have fragmented data, and limited management capabilities. This is a major obstacle that makes it difficult for many businesses to convince larger markets, financial institutions, or international investors when they lack sufficiently reliable data evidence.

Real-world evidence shows that when blockchain is applied systematically, businesses not only enhance transparency but also create a clear competitive advantage, increase product value, reduce fraud risks, and strengthen the trust of partners and consumers. This positive effect is opening up new avenues for innovative startups in the green economy in Vietnam.

Legal framework paves the way for green startups.

The delegates also conducted in-depth analysis of new policies and laws that are creating a favorable environment for innovative startups linked to green growth. The 2020 Environmental Protection Law; Decree No. 08/2022/ND-CP, amended and supplemented by Decree No. 05/2025/ND-CP; and Decision No. 21/2025/QD-TTg (effective from August 2025) have for the first time issued a national classification framework, clearly defining what constitutes a green project.

In addition, the Law on Supporting Small and Medium-Sized Enterprises, with a separate chapter for innovative startups; Decree No. 264/2025/ND-CP on the National Venture Capital Fund and local venture capital funds; Decree No. 268/2025/ND-CP guiding the Law on Science, Technology and Innovation… have concretized the mechanism for using state budget to encourage innovation in enterprises, while also recognizing innovation centers and innovative startups.

In particular, the Law on Digital Technology Industry 2025, effective from January 1, 2026, is expected to become a new "risk assessment framework," helping credit institutions and investment funds to appraise digital projects associated with green finance more transparently and effectively.

Associate Professor, Dr. Pham Thi Tuyet Nhung, Vice Rector of the Training and Development School for Cadres, Banking Academy, presented at the workshop.

Associate Professor, Dr. Pham Thi Tuyet Nhung, Vice Rector of the Training and Development School for Cadres, Banking Academy, noted that many small businesses and startups currently have good products and sustainable business models, but lack data to demonstrate their environmental effectiveness, making it difficult for them to access green funding sources.

According to Ms. Nhung, based on Decision No. 21/2025/QD-TTg, businesses need to clearly identify which group their business model, product, or service belongs to in the Green Classification List, such as clean energy, green manufacturing, sustainable agriculture, waste management and circular economy, green transportation, or sustainable construction and urban development.

The consensus at the conference was that, in the digital age, trust is no longer built on commitments or promises, but on verifiable data. Blockchain, therefore, is not just a management tool, but is becoming a platform for creating transparency, helping innovative startups develop sustainably and expand into regional and global markets.

On this occasion, a signing ceremony for cooperation agreements between various units and the National Center for Creative Startup Support was held, opening up further opportunities for collaboration and providing practical support to the startup community in their journey towards green and sustainable economic development.

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