Under Prime Ministerial Decision 982/QD-TTg, signed recently by Deputy Prime Minister Ho Quoc Dung, a national strategy to support and develop Vietnamese digital technology enterprises has been approved, as they expand into global markets through 2030, with a long-term vision toward 2045.
The primary objective is to cultivate a fleet of highly competitive tech firms capable of mastering core and strategic technologies, allowing them to integrate deeply into global value chains.
This initiative is expected to form a robust and sustainable digital ecosystem that drives double-digit economic growth and elevates the prestige of the "Make in Viet Nam" brand on the international stage.
By 2030, the Government targets having at least 5,000 digital technology enterprises earning revenue from international markets, with the total export turnover for digital products and services reaching at least $55 billion per year.
To achieve this, the plan maintains a target growth rate of at least 30% annually. Specific milestones include developing 60 enterprises that reach $20 million each in annual overseas revenue and five major tech corporations that achieve at least $1 billion each in yearly international sales.
Furthermore, the strategy seeks to facilitate at least 25 successful mergers, acquisitions, or strategic joint ventures between Vietnamese firms and international partners, with each transaction valued at $1 million or more.
Looking toward 2045, the vision is for Vietnam to become a leading global digital industrial nation. The strategy aims to have at least 10 digital technology enterprises operating at a level comparable to those in the world's most advanced countries. Under this vision, the "Make in Viet Nam" brand will become a prestigious mark of technological excellence recognized worldwide.
These enterprises are expected not only to master their markets but also to lead global digital trends, contributing to international standards and the development of a fair, inclusive, and sustainable global digital economy.
To realize these goals, the Government will prioritize resources for research and development (R&D) of products based on strategic and core technologies with high export potential.
Key solutions include attracting domestic and foreign investment funds, promoting the "State-University-Enterprise" collaboration model for high-quality human resource development, and supporting firms in localizing their products to meet the technical, legal, and cultural requirements of specific foreign markets.
Additionally, the State will provide support for international certifications, independent testing, and the creation of regulatory sandboxes in key markets to facilitate the trial and commercialization of Vietnamese digital products and services.
Google translate