Strategic 'Make in Vietnam' Products: Businesses at the Core of Growth

The list of six priority strategic technology products set out in the Prime Minister's Decision No. 2815/QD-TTg demonstrates an important shift in policy-making thinking, with businesses playing the central role in the innovation ecosystem and serving as the core element in the country’s goal of double-digit growth in the new era. While Vietnam's industrial policies have historically had a strong government-led component, this latest decision aims to fully leverage the capabilities of businesses, which best understand market needs and can drive technological development and product commercialization. This is expected to enhance domestic technological prowess and strengthen international competitiveness. Specifically, it is anticipated that innovation activities by businesses will be supported through measures such as promoting investment in research and development within these strategic product sectors, fostering talent development, and facilitating international market expansion. Vietnam views the success of this 'Make in Vietnam' strategy as key to its sustainable economic growth, accelerating its transition to a digital economy and the development of high-value-added industries. Experts have proposed three strategies for developing strategic technology products expected to deliver breakthroughs by 2026, and the utilization of 'Made by Vietnam' technology to boost the value of agricultural products is also progressing.