The Hanoi People's Committee has issued Decision No. 1593/QD-UBND, approving the investment policy for the Hanoi Technology Exchange project (Phase 2).

The project entails a total investment capital of VND52.57 billion (over $2 million), which covers construction costs, equipment procurement, project management, consultancy expenses, and other related costs.

Funding for the initiative will be sourced from the city's budget, with completion anticipated by 2025.

The primary objective of the project is to establish an intermediary organization that connects partners, facilitates information sharing, promotes technology transfer, and supports businesses in exploring cooperation opportunities within the field of science and technology.

The construction plan includes the development of a Technology Exchange that operates in two formats: physical (offline) and online.

The physical exchange will include a reception area, technology display zone, conference facilities, and office spaces whilst the online exchange will consist of an e-commerce platform specializing in technology and equipment, serving as a hub for consulting, brokerage services, seminars, and technology promotion activities.