Ho Chi Minh City plans to establish a Data Exchange this 12 months.
The Ho Chi Minh City People’s Committee has issued a plan to implement Action Plan No. 19-KH/TU of the Ho Chi Minh City Party Committee, aimed toward finishing up Politburo Resolution No. 57 on breakthroughs in the event of science and expertise, innovation and nationwide digital transformation.
One of the important thing options is for the municipal authorities to deal with bettering establishments and insurance policies to create breakthroughs and guarantee assets. This consists of refining particular mechanisms and insurance policies to promote funding and innovation in town.
The metropolis will develop and submit for issuance particular mechanisms in finance, funding and human assets to speed up the formation of innovation facilities, analysis and improvement facilities, key laboratories and expertise incubation facilities.
A authorized framework for pilot implementation (sandbox) will probably be established to assist information commercialization and new data-based enterprise fashions, permitting information sharing between the private and non-private sectors. In 2026, town is predicted to establish a Data Exchange.

The Ho Chi Minh City People’s Committee may even develop mechanisms to assist the commercialization of analysis outcomes, foster the science and expertise market and assist the registration, exploitation and safety of mental property, in addition to expertise switch. Experimental areas, innovation facilities and open laboratories will probably be fashioned.
In addition, funds, together with the Science and Technology Development Fund, the Innovation Fund and expertise enterprise capital funds working beneath an enterprise mannequin, will probably be established and successfully operated, utilizing seed capital from the state price range to entice social assets for funding in AI and information startups.
The metropolis will guarantee transparency and public disclosure of data associated to packages and insurance policies supporting science and expertise, innovation and nationwide digital transformation. Approval processes and the administration and use of funding will probably be made clear, whereas better autonomy will probably be supplied to organizations concerned in science and expertise improvement, innovation and nationwide digital transformation.
By Thu Huong- Translated by Huyen Huong