The launch comes amid growing momentum for digital transformation and innovation worldwide, with the technology market becoming a key driver of economic growth, particularly in developed countries. The platform is expected to serve as a “lever” for modernising Vietnam’s science and technology institutions and deepening its economic development model.

According to the World Intellectual Property Organization and the World Bank, economies with well-developed technology markets typically see research and development (R&D) investment and patent commercialisation rates three to five times higher than those without such systems.

Phase 1 of the Vietnam Science and Technology Exchange Platform currently features 600 technologies available for sale in the form of machinery and equipment, 50 technology demands, and 150 consultants and brokers. The platform allows organisations, businesses, and individuals to display and introduce technologies through virtual booths.

In its next phase, the platform will incorporate new features such as online technology matching, consulting and brokerage services, transaction tracking tools, and support for finance, intellectual property, and technology transfer. It will also connect to national science and innovation databases, combining both online and in-person interaction.

The platform is projected to become fully operational by November. Developed under a public-private partnership model, the platform receives State funding for infrastructure and access to national databases, while also benefiting from policies that promote safe, transparent, and efficient technology trading.

Vietnam is now well-positioned to build a functioning technology market, supported by progressive policies on science and innovation, national digital transformation, improved digital infrastructure, and strong demand among businesses for productivity gains and technological upgrades to move beyond low value-added production.

PM proposes five special mechanisms for science and technology breakthroughs

VOV.VN - Prime Minister Pham Minh Chinh has underscored the essential role of advancements in science and technology, innovation, and digital transformation, while also proposing five special mechanisms to facilitate these breakthroughs.