Hanoi is implementing a series of measures aimed at achieving the goal of the digital economy accounting for 40% of its GRDP.

DNVN - Hanoi is implementing unprecedented breakthrough policies, from a testing mechanism (sandbox) for digital assets to establishing a venture capital fund with seed capital of 600 billion VND, aiming to realize the goal of the digital economy accounting for 40% of GRDP in the coming period.

Dr. Tran Anh Tuan - Director of the Hanoi Department of Science and Technology. Photo: Vietnamnet.

At the Vietnam Corporate Governance Forum 2025 (VCG Forum 2025), themed "Unlocking the Potential of Digital Assets," held on the afternoon of December 10th, leaders of the Hanoi Department of Science and Technology announced a series of strong solutions to promote the digital economy and attract intellectual resources.

Hanoi is reshaping its growth model with ambitious goals for the 2026-2030 period: the digital economy must contribute at least 40% to GRDP, alongside economic growth of 11% or more each year.

Dr. Tran Anh Tuan, Director of the Hanoi Department of Science and Technology, stated that with the traditional economic model, it is very difficult to achieve and sustain this level of growth. Therefore, the path of science and technology, innovation, and especially new growth models such as the digital economy are identified as the inevitable direction to help the capital city achieve breakthroughs.

From sandbox to venture capital fund

To create momentum for the digital economy, Hanoi has applied the Capital City Law (amended in 2024) along with resolutions of the Politburo to issue six important resolutions, some of which contain provisions appearing for the first time in Vietnam.

The most notable highlight is the controlled testing mechanism (sandbox). The city has issued a resolution on the sandbox with four priority areas, including the digital asset sector. Currently, authorities are beginning to receive applications and proposals from businesses to coordinate the pilot implementation.

In addition, Hanoi is also the first locality in the country to issue a resolution establishing a Venture Capital Fund with an initial "seed capital" of 600 billion VND from the budget. This fund is expected to attract about 10 strategic investors and will operate entirely according to market mechanisms.

Mr. Tran Anh Tuan emphasized: "The fund will operate according to market principles, without legal entity status, and will function through the fund's general assembly; the purpose is to break free from the cumbersome regulations of budget capital and follow market principles, accepting the sharing of risks."

In addition, the city is also preparing to establish a technology exchange platform (expected to launch on December 22nd) and pilot a sandbox program. This will be the first time a city has used its budget to purchase research results from domestic scientists on cancer detection kits, commercialize them, and put them into use.

"Lighting the torch" to find talent and the aspiration to become a financial center.

The leaders of the Hanoi Department of Science and Technology frankly acknowledged the reality that many talented individuals have left Hanoi for other places or abroad to pursue their careers. Therefore, the city's current perspective is to become a leading global destination for investment in order to attract back the lost financial resources and intellectual capital.

Hanoi is actively searching for chief architects in various high-tech fields such as data, semiconductor chips, and digital assets. Mr. Tran Anh Tuan also pledged 24/7 support for businesses and extended an invitation for investors to return.

"Although not currently positioned as an international financial center, Hanoi will certainly become one in the near future," Mr. Tuan confidently asserted.

Experts at the forum noted that for the digital economy to develop sustainably, Vietnam needs to build a model of "trusted data - trusted finance - trusted economy". In this model, blockchain technology, with its transparency and immutability, will play the role of a "trust layer" for the economy, helping to solve the trust problem and unlock capital flows.

Hanoi's pioneering role in establishing legal frameworks for digital assets is seen as a significant boost. According to Le Thanh, co-founder of Ninety Eight, legal recognition will create confidence and opportunities for domestic businesses, while also attracting high-quality Vietnamese talent from around the world to return and contribute.

With a range of measures from legal frameworks and financial infrastructure to mechanisms for attracting talent, Hanoi is demonstrating strong determination in the digital economy race.

Peaceful

Source: https://doanhnghiepvn.vn/cong-nghe/ha-noi-thuc-hien-loat-bien-phap-huong-toi-muc-tieu-kinh-te-so-chiem-40-grdp/20251211055009014