Repositioning Viet Nam in global technology value chain

The scheme on supporting and developing Vietnamese digital technology enterprises to expand globally by 2030, with a vision to 2045, issued under Decision No. 982/QD-TTg on June 4, 2026 by the Prime Minister, is regarded as one of the largest and most ambitious programmes ever introduced for Viet Nam’s digital technology sector.

Notably, this marks the first time Viet Nam has established a relatively comprehensive set of objectives for technology exports—a field widely considered a key indicator of the real competitiveness of a knowledge-based economy.

According to Decision No. 982/QD-TTg, the overarching goal is to develop a cohort of highly competitive Vietnamese digital technology enterprises capable of mastering core and strategic technologies and participating deeply in global value chains. The scheme also aims to build a strong and sustainable digital technology ecosystem, contributing to double-digit economic growth and enhancing the nation’s brand position.

As global technology supply chains undergo profound restructuring driven by artificial intelligence, cloud computing, semiconductors and digital transformation, Decision No. 982/QD-TTg is seen as a strategic move to reposition Viet Nam within the global technology value chain, with the ambition of becoming a developed digital technology industrial nation and joining the ranks of the world’s leading digital technology hubs.

To achieve these goals, the Government has set a series of ambitious targets for 2030 and the vision towards 2045, ranging from digital technology export revenues and the number of companies generating substantial international income to the capacity for expanding global presence through mergers and acquisitions (M&A) and strategic partnerships. These targets reflect not only expectations for growth in the digital technology sector but also a determination to foster Vietnamese enterprises capable of mastering technology and shaping global digital trends.

Creating five billion-dollar overseas revenue technology companies

One of the most notable targets outlined in Decision No. 982/QD-TTg is to have at least 5,000 digital technology enterprises generating revenue from international markets by 2030. Total annual exports of digital products and services are expected to reach at least 55 billion USD, with average annual growth of approximately 30%.

Viet Nam also aims to have 60 digital technology companies generating overseas revenues of at least 20 million USD per year and, in particular, to establish at least five enterprises whose annual revenue from foreign markets exceeds 1 billion USD.

This tiered approach to enterprise development demonstrates that the Government’s objective extends beyond simply increasing the number of digital technology firms. Instead, it seeks to build a sustainable industrial structure anchored by leading corporations capable of driving growth and creating spillover effects throughout the broader ecosystem.

In fact, Viet Nam has already seen its first company reach this milestone. At the end of 2023, FPT officially announced that its overseas information technology services revenue had surpassed 1 billion USD, making it the first Vietnamese technology company to achieve this historic landmark. The revenue was generated primarily from key markets including Japan, the Americas and the Asia-Pacific region.

Twenty-five international M&A deals worth at least 1 million USD

In addition to revenue targets, Decision No. 982/QD-TTg sets a goal of successfully completing at least 25 mergers and acquisitions, joint ventures or strategic partnerships with international partners, each valued at 1 million USD or more.

If the billion-dollar enterprise target reflects scale, the M&A target reflects the means of achieving that scale.

In the technology sector, building all capabilities from scratch often requires substantial time and resources. As a result, mergers and acquisitions have become a crucial tool enabling companies to rapidly gain access to new customers, acquire new technologies, expand geographically and attract talent.

The inclusion of M&A targets within a national-level industry development programme demonstrates a new development mindset: Vietnamese enterprises should not merely participate in international markets but should actively expand their influence through partnerships, acquisitions and integration.

In practice, this has already become a key strategy adopted by some of Viet Nam’s leading technology companies in recent years.

The 2045 vision outlined in Decision No. 982/QD-TTg is even more ambitious, aiming to transform Viet Nam into a developed digital technology industrial nation and position it among the world’s leading digital technology centres. This signals a significant shift in development thinking—from being a participant in the global technology value chain to becoming a creator and shaper within it.

Decision No. 982/QD-TTg is therefore more than a support plan for businesses; it is a declaration of Viet Nam’s aspiration to secure a new position on the global technology map. The ambitious targets of 55 billion USD in digital technology exports and the emergence of billion-dollar technology corporations reflect a decisive transition from a resource- and labour-based economy towards one driven by knowledge, innovation and core technologies.

With internationally proven “leading cranes” guiding the way, supported by flexible M&A strategies that enable rapid access to new markets and technologies, Viet Nam’s path towards becoming a global centre for digital technology industry is becoming clearer than ever before.