The law, scheduled to take effect on January 1, 2026, is expected to promote national digital transformation process, paving the way for domestic tech enterprises to grow sustainably, integrate deeply into the global market, and contribute to establishing a new position for Viet Nam on the world stage.
Presenting a Government report to the National Assembly’s 9th session on May 5, PM Chinh reiterated the 2025 target of 8% GDP growth, an economic size exceeding $500 billion, and per capita GDP above $5,000.
Under the resolution, private economy is defined as the most important driver of the national economy and the pioneering force in science and technology development, innovation and digital transformation.
A report from the Delegation of German Industry and Commerce in Vietnam noted that the country is seen as a manufacturing stronghold and a strategic alternative hub for German businesses.