Digital flow: Vietnamese entrepreneurs’ aspirations and the leading role of Party organisations
The journey of digital transformation has recorded initial results, yet difficulties and challenges remain, requiring perseverance and efforts from the entire political system, particularly the leadership role of Party organisations.
Hanoi (VNA) -ꦅ In the context of fierce global competition, applying digital technology is no longer an option but an inevitable path.
Resolution 41-NQ/TW of the Politburo, issued on October 10, 2023, focuses on building and promoting the role of Vietnamese entrepreneurs in the new era. It calls on enterprises to take action and inspire them to embrace innovation, creativity, and bold thinking.
The Resolution demonstrates the determination of the Party and State in promoting national digital transformation, enabling Vietnamese enterprises to make breakthrough development in the digital age and reach a new height in the Fourth Industrial Revolution.
A key highlight of Resolution 41 and Resolution No. 66/NQ-CP (Action Programme to implement Resolution 41) is the leadership role of grassroots Party organisations within enterprises.
Nguyen Doan Thang, Party Committee Secretary and General Directo of Rang Dong company, says Rang Dong aims to become a billion-dollar enterprise by 2030, positioning itself as a leader in Vietnam’s smart home supply chain and expanding to the regional level. (Photo: VietnamPlus)
Nguyen Doan Thang, Secretary of the Party Committee and General Director of Rang Dong Light Source and Vacuum Flask Joint Stock Company, shared the company’s five-year journey in digital transformation.
He said under the leadership of the company’s Party Committee, Rang Dong has stepped out of its comfort zone, shifting from scale-based competition to value-based competition, while leveraging digital technology to optimise production capacity and enhance growth quality.
Smart Farm solution for high-tech agricultural lighting and precision agriculture. (Photo: VietnamPlus)
As a result, the company’s growth has increased to 15%-20% over the past five years, compared to 8%-10% previously. The company set a revenue target of 11 trillion VND (nearly 435 million USD) for 2024, 13.75 trillion VND (over 543 million USD) for 2025, and 25 trillion VND (about 988 million USD) for 2030.
Pham Ngoc Son, Chairman of the Board of Directors of FaceNet High Technology and Software Services Joint Stock Company, underlined the vital role of the Party organisation in the company in driving digital transformation.
He shared that FaceNet is currently providing AI solutions for domestic banks and manufacturing companies, as well as selling technology solutions to German partners in the healthcare sector. This shows the potential of Vietnamese technology enterprises in this field.
However, he pointed out that many Vietnamese technology firms are still young, so it is crucial to foster cooperation and build a collaborative ecosystem.
Many Vietnamese technology firms are still young, so it is crucial to foster cooperation and build a collaborative ecosystem. (Photo: VietnamPlus)
Bui Anh Tuan, Deputy Director of the Centre for Information Technology Solutions and Digital Services at Viettel Group, also emphasised the importance of collaboration among domestic enterprises, particularly in the high-tech sector, to ensure autonomy and reduce dependence on foreign countries.
A report on the digital transformation support programme for enterprises in the 2021-2025 period by the Department of Enterprise Development under the Ministry of Planning and Investment, shows that Vietnamese businesses have recognised the importance of digital transformation.
However, there are still limitations in standardising processes, operational policies, data collection, storage and analysis capabilities, infrastructure connectivity, information technology systems, and investment resources.
Training high-quality human resources, establishing strong technology infrastructure, and refining the legal framework are critical issues that must be addressed thoroughly. (Photo: VietnamPlus)
This has resulted in a low level of readiness for digital transformation in various aspects of the supply chain and information management systems.
Therefore, it is necessary to devise support policies and consultation on digital transformation roadmaps, especially for small and medium-sized enterprises./.
The highest level of readiness for digital transformation is demonstrated by businesses’ activetiness in learning, updating, and embracing technology trends, solutions, and initiatives to apply in their operations. (Photo: VietnamPlus)
Bac Giang province, a magnet for foreign direct investment (FDI) in the northern region, will pay more attention to promoting digital transformation in enterprises in the coming time, according to Vice Chairman of the provincial People’s Committee Mai Son.
Prime Minister Pham Minh Chinh called for more drastic efforts and resolve to accelerate the digital transformation that has contributed to creating new motives for the nation development while chairing the Government’s hybrid conference with leaders of ministries and sectors and chairmen of the People’s Committees of the centrally-run cities and provinces on July 19.
With the government's strong direction and active participation from businesses and citizens, national digital transformation is deepening, with a focus on building a digital government, economy, and society.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
