#Innovation
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Viet Nam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
If science – technology and innovation are expected to contribute 4% to GDP growth, the contribution from innovation alone accounts for up to 3%. The most important factor lies in building a sufficiently strong innovation ecosystem with many technology “unicorns.”
Innovation not only enables Vietnamese private enterprises to overcome the limitations of old growth models but also lays the foundation for deeper participation in global value chains.
Prime Minister Pham Minh Chinh has repeatedly stated: resources originate from thinking and vision, momentum comes from innovation and creativity, and strength stems from the people and enterprises.
By 2030, the Government wants every national and sectoral database locked into a unified system. This platform will enable seamless data aggregation, interoperability across ministries and localities, and connectivity with both domestic and international information systems.
Party General Secretary To Lam on July 27 worked with the Party Committee of Dien Bien, during which he requested the northern mountainous province not to remain merely a witness to history, but strive to become a shining example of determination, reform, innovation, and development.
The Multi-Trend Expo & Global Business People’s HUB (Mega Us Expo) 2025, a major trade and investment event aimed at enhancing cooperation between Viet Nam and the Republic of Korea (RoK) in technology, innovation, and commercialisation, will take place from August 14–16 in Ho Chi Minh City.
For the first time, innovation has been codified into law and placed on an equal footing with science and technology, marking a decisive shift in Viet Nam’s development thinking. However, to ensure the policy is not merely theoretical, resolute and synchronised implementation is essential to bring the law to life.
Strategic resolutions such as Resolution 52-NQ/TW on the fourth industrial revolution, Resolution 57-NQ/TW on science and technology development, and a series of other national programmes, have been creating new vitality.
As part of the ongoing 58th ASEAN Foreign Ministers’ Meeting (AMM-58) and related meetings, Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son on July 10 attended ASEAN+1 foreign ministers’ meetings with Japan, Russia, the Republic of Korea (RoK), and the US, as well as the ASEAN+3 Foreign Ministers’ Meeting (with Japan, China, and the RoK).
"Risk acceptance" represents a breakthrough mindset in the development of science, technology, and innovation. It is a mechanism to encourage innovation—not a shield to cover up failure. However, without clearly distinguishing between objective risks and violations of law, the policy may be misused.
In an era of rapidly evolving technology, Ho Chi Minh City is presented with a crucial opportunity to harness scientific and technological advancements to enhance product and service quality, increase efficiency, reduce costs, and modernise production processes.
In an era increasingly defined by artificial intelligence, digital transformation, the creative economy, and innovation are no longer a strategic option — it has become a vital necessity for nations, sectors, and organisations to adapt, develop, and assert their positions.
The 2025 Press Awards on Science, Technology, Innovation and Digital Transformation have been officially launched. Entries will be accepted from June 25 to November 15.
On June 16, Vietnamese Ambassador to Greece Pham Thi Thu Huong held a meeting with Stavros Kalafatis, Deputy Minister of Research and Innovation under the Greek Ministry of Development and former President of the Greece-Viet Nam Parliamentary Friendship Group at the Hellenic Parliament.
As private enterprises increasingly affirm their role as a driving force behind the nation’s economic growth, the decision by some companies to invest in science and technology early has helped spread a spirit of innovation throughout the business community.
Intellectual property (IP) has become a vital catalyst for science - technology and innovation, poised to drive Viet Nam’s transformation into a high-income nation with a modern industrial base by 2045, under the Politburo’s Resolution No.57-NQ/TW dated December 22, 2024.
The world is undergoing an unprecedented transformation. Simultaneous revolutions in artificial intelligence, new materials, renewable energy, and biomedical science are reshaping the global order. In this context, nations that can master these emerging technologies will not only shorten their path to prosperity but also strengthen the foundations of independence and sovereignty.
