Blockchain complex in Hanoi: Potential for Blockchain tchnology development in Vietnam

On January 21, 2025, a groundbreaking event for the Blockchain complex in Hanoi was officially held at the Hoa Lac High-Tech Park. This marks an important milestone in promoting the development of blockchain technology and digital technologies in Vietnam. The project aims not only to create a testing space for startups in the technology sector but also to bring Vietnam closer to its goal of becoming a leading blockchain technology hub in the region.

Introduction to the Blockchain complex in Hanoi

The Blockchain complex in Hanoi is located in the Hoa Lac Hi-Tech Park, covering an area of 1.7 hectares. This long-term vision project aims not only to build modern infrastructure but also to develop innovative solutions in the blockchain technology sector. The project will create a conducive environment for blockchain companies, startups, and research organizations to develop technology.

Notably, this complex will function as a “sandbox” for blockchain projects, providing companies with a platform to experiment and develop technological products before they are applied in real-world scenarios. This environment will help blockchain businesses easily access the tools and resources needed to develop their products and services, driving innovation in the digital technology industry.

Blockchain complex in Hanoi

The role of the Blockchain complex in Vietnam

The Blockchain complex in Hanoi brings benefits not only to tech companies but also contributes to the country’s digital transformation strategy. As Vietnam actively promotes the application of digital technologies across various sectors, the establishment of the blockchain complex is a crucial step in supporting businesses to participate in the global digital and blockchain technology revolution.

According to a report by Markets and Markets, the blockchain market in Vietnam is expected to reach nearly USD 2.5 billion by 2026. This impressive figure highlights the strong potential for the growth of the blockchain technology sector in Vietnam in the future. This underscores the urgent need for developing infrastructure and an ecosystem to support blockchain technology, with the Blockchain complex in Hanoi being a key factor in meeting this demand. Creating a suitable space for testing and developing blockchain technology will play a vital role in enhancing Vietnam’s position within the international technology community.

In addition to supporting local businesses, the complex will provide opportunities for connecting with international partners, expanding collaborations, and promoting the development of Vietnam’s blockchain technology industry on the global stage. This project will lay a solid foundation for Vietnam to enhance its competitive capacity in the blockchain technology field and contribute positively to the global digital economy.

Blockchain complex in Hanoi

Investment and commitment to Blockchain technology development

The Blockchain complex in Hanoi has received substantial investments from several strategic partners, including SSI Digital Ventures – a member of SSI Securities Corporation, along with international investors. The total estimated investment for this project is approximately USD 500 million, with the goal of building modern infrastructure and developing the blockchain ecosystem in Vietnam. These figures not only affirm the potential of the project but also demonstrate the strong commitment of investors to advancing blockchain technology development in Vietnam.

Winston Quek, CEO of SBI Digital Markets, stated: “This project is not just a financial investment but also a long-term commitment to blockchain technology development in Vietnam. We believe that with the potential and creativity of the Vietnamese technology community, the blockchain complex will create many opportunities and make a positive contribution to the global tech industry.” This is a positive sign for the development of blockchain technology in Vietnam, where tech companies will have the chance to experiment and develop innovative products.

Additionally, the complex will serve as an essential connection point for domestic and international blockchain companies, helping them find partners and scale their projects. Companies will also benefit from supportive policies that protect their interests and foster a favorable investment environment.

The Blockchain complex creates opportunities for startups

The Blockchain Complex in Hanoi is not only for large companies but also provides an ideal space for startups in the digital technology field, particularly in blockchain and AI. For new businesses, joining this complex will provide them with access to necessary resources, from infrastructure and technology to vital partnerships. They will also receive advice and support from industry experts, helping to shorten the time needed for research and product development.

Blockchain complex in Hanoi

Mai Huy Tuan, CEO of SSI Digital Technology Corporation, shared: “We expect the complex to be a starting point for creative ideas, a place where startups can test products, develop technologies, and seek international collaboration opportunities.” This is an excellent opportunity for domestic blockchain businesses to grow strong and compete with international counterparts.

Furthermore, the complex will play a crucial role in establishing strategic partnerships between blockchain companies in Vietnam and international investors and partners. This environment will create opportunities for startups to access investment capital, advanced technologies, and international markets.

Future prospects of the Blockchain complex in Hanoi

With strong investment and a well-planned development strategy, the Blockchain Complex in Hanoi is expected to become one of the leading blockchain technology hubs in Southeast Asia in the future. This project will not only help advance blockchain technology but also contribute to creating a solid foundation for startups, researchers, and financial organizations to promote the development of the digital technology sector in Vietnam.

In the future, the complex will continue to be a testing ground for developing blockchain applications across various fields, including finance, healthcare, education, and traditional industries. Blockchain companies will have the opportunity to expand and penetrate international markets, thus creating job opportunities and economic growth for Vietnam.

The groundbreaking ceremony for the Blockchain complex in Hanoi is not only an important event marking a new step in the development of blockchain technology in Vietnam but also a strong signal of Vietnam’s commitment to becoming a global blockchain technology hub. With strong investment and a long-term development commitment, this complex will become a crucial part of building the blockchain ecosystem in Vietnam while contributing to the country’s digital transformation and creating new opportunities for businesses and investors both domestically and internationally.

Stay tuned to Solution Of Blockchain daily to keep up with the latest news on blockchain technology events!