Business News

Việt Nam is moving its digital transformation agenda beyond policy frameworks and individual technology platforms towards practical applications that address everyday needs, as authorities seek measurable outcomes from science, technology and innovation. Under Politburo Resolution No. 57-NQ/TW issued on December 22, 2024, the implementation is increasingly shifting from simply completing assigned tasks towards developing concrete products and services for citizens and businesses.

Having completed its new rural development program, Hanoi is shifting its focus toward improving development quality and building smart, sustainable rural areas. The transformation of Dong La orchid-growing village in An Khanh, a western commune of Hanoi, shows how digital technology is becoming a driver of production, market expansion, and higher incomes for local residents.

Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.

Technological innovation, automation and digital transformation are becoming central to the chemical industry as companies seek to move towards higher-value products, strengthen domestic technological capabilities and pursue greener, more sustainable production. The shift is being accelerated by Politburo Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, alongside Việt Nam's chemical industry development strategy to 2030 with a vision to 2040.

Việt Nam’s proposed requirement that leading digital technology companies spend at least 3 per cent of their annual revenue on research and development (R&D) can help add hundreds of millions of dollars for innovation, as the country seeks to build globally competitive technology firms. This is one of eight proposed criteria for Vietnamese digital technology companies seeking to be seen as on par with firms in advanced economies, according to a draft circular recently unveiled by the Ministry of Science and Technology for public comment.

With strengths in technology, manufacturing and new energy, Chinese companies have considerable room to expand investment in Việt Nam. The Vietnamese Embassy in China and the northern province of Bắc Ninh co-hosted a seminar in Beijing on Monday to promote investment cooperation between Việt Nam and China, with nearly 300 representatives from Chinese agencies, organisations, business associations and companies in attendance.

Hà Nội is reshaping its industrial landscape around science, technology and innovation, with the city’s 100-year master plan envisioning high-tech parks as centres for research, development and commercialisation while transforming existing industrial parks into greener, smarter and more circular ecosystems. The shift comes as the capital city targets average gross regional domestic product (GRDP) growth of more than 11 per cent annually from 2026 to 2035, with the digital economy expected to account for about 50 per cent of GRDP by 2035.

Đồng Nai Province is seeking investors for infrastructure development of the Long Thành Concentrated Digital Technology Park, with total costs estimated at nearly VNĐ1.4 trillion (US$53 million). Covering 119.5 ha in An Phước and Bình An communes in Đồng Nai City, the park is expected to become a centre for information technology, research and development (R&D), technology transfer and digital technology business incubation as well as digital technology services.