On January 21, 2025, the groundbreaking ceremony for the Blockchain complex in Hanoi marked a significant step forward in promoting the development of blockchain technology and digital technology in Vietnam. This project is one of the key initiatives in the national digital transformation strategy, and it also presents an opportunity for Vietnam to become a leading blockchain technology hub in the region.

Objectives of the Blockchain complex in Hanoi

The Blockchain complex in Hanoi is being developed in the Hoa Lac High-Tech Park, covering an area of 1.7 hectares. The project is designed with the goal of creating a top-tier blockchain research and development center in Vietnam. This will be a place where companies, organizations, and researchers can focus on developing innovative solutions in the blockchain field, while also testing advanced products and technology services before launching them to the market. The complex is expected to offer a large, modern space for blockchain projects, allowing businesses to optimize their research and product development processes.

In addition to being a blockchain technology development center, this complex is also designed to function as a “sandbox” for testing, where startups can experiment with blockchain products in a controlled environment. This will provide a safe and reliable platform for companies to test and refine blockchain solutions before they are deployed in real-world applications. With this objective, the complex aims to make Vietnam an attractive destination for technology companies and investors, driving the robust growth of the blockchain industry in Southeast Asia.

Investment commitments and support from partners

The Blockchain Complex project in Hanoi has received strong investment commitments from major financial institutions and strategic partners. One of the key partners of the project is SSI Digital Ventures, a member of SSI Securities Corporation, which has committed to investing up to 200 million USD in the complex. The total investment value for the entire project is expected to reach around 500 million USD, with the aim of building modern infrastructure, developing blockchain technology products, and providing services to support startups.

In addition to SSI Digital Ventures, the Blockchain complex in Hanoi has also received support from numerous domestic and international strategic partners. These partners not only provide financial resources but also help connect startups with research institutions, investors, and blockchain experts. Mr. Winston Quek, CEO of SBI Digital Markets, emphasized that the involvement of international partners is a key factor in connecting the Blockchain complex in Hanoi with the global technology ecosystem, while also accelerating blockchain development in Vietnam.

Strategic partners will provide technical support services, investment consulting, and help expand international collaboration networks, creating opportunities for Vietnamese blockchain businesses to enter the global market. Additionally, this collaboration will facilitate blockchain startups in leveraging opportunities for partnerships with major players and accelerating their growth in the future.

Importance of the Blockchain complex in Hanoi in the context of digital transformation

Vietnam is undergoing a strong digital transformation, and the establishment of the Blockchain complex in Hanoi is an integral part of the national strategy for blockchain technology. In recent years, blockchain technology has become one of the most important global tech trends. Blockchain applications are not only limited to the cryptocurrency sector but also extend to other industries such as finance, insurance, logistics, healthcare, and education. Therefore, developing a blockchain complex in Hanoi is a strategic step to ensure Vietnam stays ahead of the trend and takes the lead in developing blockchain applications in Southeast Asia.

According to a report from Markets and Markets, the blockchain market in Vietnam is expected to reach nearly 2.5 billion USD by 2026, showcasing the great potential of blockchain technology in Vietnam. However, to fully harness this potential, Vietnam needs to make significant investments in blockchain research and development and build a strong ecosystem to support companies and organizations in the sector. The Blockchain complex in Hanoi is the ideal place to achieve this, with the goal of not only developing technology but also connecting blockchain companies with international partners and investors.

This complex will actively contribute to achieving the goals outlined in the national digital transformation strategy, helping Vietnam improve its technological infrastructure and enhance the country’s competitiveness in the high-tech industry.

Opportunities for Blockchain companies and startups

The Blockchain complex in Hanoi will be an ideal destination for startups and businesses in the blockchain industry. It will offer companies access to financial resources, modern infrastructure, and opportunities for collaboration with strategic partners both domestically and internationally. With an advanced working environment and comprehensive amenities, the complex will provide favorable conditions for blockchain companies to develop and achieve greater success.

Mr. Mai Huy Tuan, CEO of SSI Digital Technology Corporation, stated: “We expect the complex to be a place where opportunities for collaboration between startups and research organizations in blockchain technology, AI, and related fields will be created.” With this objective, the complex will not only promote innovation but also help companies secure financial resources and partnerships to scale their businesses, ensuring sustainable growth in a highly promising business environment.

Through this complex, startups will have the opportunity to access large blockchain projects, advanced technologies, and new business models, while developing innovative blockchain products and solutions, contributing to the overall development of the technology sector in Vietnam.

Thus, the groundbreaking ceremony for the Blockchain complex in Hanoi on January 21, 2025, is a pivotal milestone in promoting blockchain technology development in Vietnam. This project opens up significant opportunities for companies, research organizations, and investors to participate in a modern digital technology ecosystem. With an investment commitment of up to 500 million USD, the Blockchain complex in Hanoi will contribute to the growth of Vietnam’s technology sector and elevate the country’s position in the international technology community.

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