The target is outlined in the Government’s Strategy for Developing Large-Scale Strategic Technology Enterprises for the 2026–2030 period, which seeks to create national champions capable of driving innovation, digital transformation and sustainable economic growth.

High standards for technology and innovation

Under the strategy, strategic technology enterprises will be assessed not only by their business scale but also by their technological capabilities and innovation performance.

To qualify, a company must generate annual revenue of at least US$1 billion, employ a minimum of 5,000 workers and allocate at least 3% of its revenue to research and development (R&D).

In addition, each enterprise must hold at least one patent granted by a leading international intellectual property office, including the United States Patent and Trademark Office (USPTO), the European Patent Office (EPO), the Japan Patent Office (JPO), the Korean Intellectual Property Office (KIPO) or the China National Intellectual Property Administration (CNIPA).

The designated strategic technology enterprises are expected to play a leading role in developing a modern, integrated national digital infrastructure to support digital transformation, the digital economy and national digital security.

Vietnam seeks to put at least six new international submarine fiber-optic cable routes into operation by 2030, including at least one route invested in and led by a domestic enterprise.

The country also plans to expand 5G coverage to 99% of the population and develop five large-scale green data centres that meet international standards, supporting its ambition to become a regional data hub.

Advancing AI and Make-in-Vietnam technology ecosystem

Under the plan, strategic technology enterprises will help build an open, interoperable and secure national digital data ecosystem, enabling standardised and responsible data sharing and utilisation.

The initiative is intended to accelerate the development of digital government, the digital economy and digital society while safeguarding national data sovereignty.

Vietnam has set a goal of achieving self-reliance in at least 70% of technologies included on the list of strategic technologies designated by the Prime Minister. The country also aims to rank among the top three ASEAN nations in artificial intelligence research, development and application.

In addition, at least six AI systems built on domestic data resources are expected to be developed for key sectors, including justice, finance, agriculture, environment, education, healthcare, culture, sports and tourism.

Creating a supportive environment for technology enterprises

Beyond technological targets, the Government emphasised the importance of improving institutions and creating favorable conditions for innovation-driven businesses.

Priority resources will be directed toward major science and technology, innovation and digital transformation projects. Authorities will also strengthen intellectual property protection, support international trade promotion and help Vietnamese technology companies expand into global markets.

Local governments are encouraged to introduce regulatory sandbox mechanisms for emerging technologies, products and services, allowing innovative solutions to be tested under controlled conditions and facilitating the commercialisation of new technologies.

Nearly 200 technology firms join HUTECH Job Fair 2026

Nearly 200 companies took part in the technology exhibition and recruitment fair HUTECH Job Fair 2026 in Ho Chi Minh City on May 7.