Business

Initiated by Vietnam, the forum was first announced at the 2023 ASEAN Summit.

A key highlight is the acceleration of science and technology (S&T) tasks to create products that meet specific demands of enterprises and the broader market.

Party General Secretary and State President To Lam stressed that reform in basic science research must encompass awareness, institutional frameworks, investment mechanisms, and implementation methods. He described the issue as a strategic matter directly linked to Vietnam’s development model, national self-reliance and international standing in the 21st century.

The event bringing together more than 30 prominent investors and investment funds from Singapore, Japan, South Korea, the US, Vietnam, and the Philippines.

Experts and industry leaders tell Vietnam Economic Times / VnEconomy how data-driven banking and digital platforms can improve SMEs’ access to finance and accelerate Vietnam’s shift toward a more connected, resilient digital economy.

The country aims to raise average localization rates in key industries to 40–45% and position itself among the top three ASEAN countries in industrial competitiveness.