Vietnam Targets Mastery of at Least Four Strategic Technologies by 2030

The Vietnamese government has approved a national program on science, technology, and innovation, aiming to establish self-sufficiency in at least four strategic technology areas by 2030. This program is designed to enhance the country's scientific and technological development and innovation capabilities. Under the program, Vietnam aims to develop and commercialize at least 15 strategic technology products included in the list of strategic technology products by 2030. Five of these products are intended for commercialization in regional or international markets, thereby supporting increased localization rates and integration into global value chains. The plan targets an average localization rate of around 40 percent for commercialized strategic technology products. Furthermore, the initiative seeks to foster at least 20 enterprises capable of mastering strategic technologies and strategic technology products, with five of them aiming to participate in global value chains. For the period of 2031–2035, Vietnam plans to expand the development and commercialization of strategic technology products to 25, with 15 of these products to be deployed in international markets. To achieve these objectives, the program identifies five key tasks and solutions: (i) improving mechanisms and policies, (ii) conducting research and development of strategic technology products, (iii) supporting the commercialization and market development of strategic technology products, (iv) developing human resources and promoting international cooperation, and (v) monitoring, evaluating, and coordinating the implementation of the program. As a socialist state under a one-party system, Vietnam has experienced rapid economic growth in recent years. While it has strengths in manufacturing and exports, technological innovation and a shift towards high-value industries are national priorities. This strategic technology development initiative is seen as a crucial step towards reducing economic dependence on China and enhancing Vietnam's position in global supply chains.