Business News

To succeed in moving to a higher position in the value chain, economies must develop a large-scale, highly skilled workforce capable of attracting investment and stimulate innovation. Vietnam has acknowledged this, as shown in recent policy directions that emphasize science, technology, and especially human resources for high-tech supporting industries, identifying them as crucial drivers of growth.

In the first seven months of 2025, the northern province of Hung Yen has successfully attracted registered investment capital exceeding $840 million, achieving 84 per cent of its full-year target. This notable performance underscores the continuous improvements in the province's investment environment, which has been bolstered by favourable policies aimed at both domestic and foreign investors.

Mr. Nguyen Khac Lich, Director of the Authority of Information Technology Industry under the Ministry of Science and Technology, stated that Vietnam is the first country to enact the Law on Digital Technology Industry. This marks a historic milestone in completing the legal framework to position Vietnam as a global digital technology hub.

With a score of 59.2 out of 100, the Southeast Asian country outperformed many developed nations, affirming its emerging position as a country standing ready to embrace the AI era. The WIN Global AI Index measures public awareness, usage, trust, and concerns regarding AI, based on surveys conducted across 40 countries spanning five continents.

In a move to encourage stronger private sector engagement in scientific research and technological development, the Government has issued a legal framework and special incentives designed to attract investment into science, innovation and digital transformation. On July 1, the Government issued Decree 180/2025/NĐ-CP, setting out rules and policies for public-private partnerships (PPPs) in science, technology, innovation and digital transformation.

The Ministry of Science and Technology has recently issued a plan to attract 100 top-tier artificial intelligence (AI) specialists to spearhead the nation’s critical AI development programs, making the technology a strategic motive for economic growth, governance modernisation, and improvement in both living quality and national competitiveness.

In the context of globalization and the Fourth Industrial Revolution, digital technology has become a core factor determining the sustainable development and prosperity of every nation. Vietnam, with its ambition to become a pioneer in the digital era, cannot stand outside this global megatrend. On June 14, 2025, at the 9th session of the 15th National Assembly, lawmaking deputies voted to pass the Law on Digital Technology Industry, with 441 out of 445 votes in favor (a 92.26% approval rate).

Global tech giant Qualcomm has just launched an Artificial Intelligence (AI) Research & Development (R&D) centre in Việt Nam, which is expected to help position Việt Nam as a leading AI R&D hub in the region and the world. Deputy Minister of Finance Lê Tấn Cận called this event a “significant milestone” that marks a new phase of cooperation between Qualcomm and Việt Nam in the field of AI.