Deputy PM underscores Vietnam's push for technology and know-how

VOV.VN - Vietnam is looking beyond large-scale investment capital to attract technology, know-how, talent, advanced governance models and high value-added technology chains, Deputy Prime Minister Nguyen Van Thang said at the Vietnam Innovation and Private Capital Summit (VIPC Summit) 2026 in Ho Chi Minh City on May 28.

Vietnam attracted about US$4.5 billion in technology investment through 149 deals in 2025, marking a sharp increase from the previous year.

Strategic technology sectors such as artificial intelligence (AI), fintech, data, digital infrastructure and green technology continued to draw strong interest from investment funds and international investors.

The figures indicate the country is shifting from a manufacturing destination to a partner in innovation, technology development and global value chains.

Vu Quoc Huy, Director of the National Innovation Center (NIC), said the centre has worked with major global technology corporations, including Intel and Samsung, to roll out incubation, training and business support programmes.

The NIC is also developing several research and development centres and training facilities in Vietnam, he added.

Vietnam aims by 2030 to rank among the top three ASEAN member states and top 50 globally in innovation and digital transformation, with the digital economy contributing around 30% of GDP and spending on research and development reaching 2% of GDP with strong participation from the private sector.

In his address at the forum, Deputy Prime Minister Nguyen Van Thang said Vietnam is accelerating efforts to mobilise private capital for strategic technology sectors.

In terms of investment strategy, the nation is looking to attract investment flows alongside technology, know-how, talent, advanced governance models and high value-added technology chains, he said.

He called on ministries, sectors and localities to continue reforming institutional development and implementation methods in order to build an open, transparent and stable investment environment with international competitiveness for innovation, fintech and strategic technology sectors.

“Institutions must truly become a national competitive advantage while fostering a strong financial ecosystem for innovation,” he stressed.

Le Hoang Uyen Vy, Chairwoman of the Vietnam Private Capital Agency and CEO of Do Ventures, said the key role of the private capital market is to create sustainable capital flows that serve as a launchpad for enterprises to gradually access public capital markets in the future.

Vietnam’s private equity (PE) market posted strong growth in 2025, hitting a record US$4 billion in PE capital, while the number of deals doubled from 23 to 46 transactions.

She noted that many businesses in this group could move towards initial public offerings (IPOs) in the coming years, potentially creating a new wave of growth in the capital market.

Speakers at the forum said Vietnam holds several competitive advantages, including a large STEM workforce, competitive product development costs, a rapidly growing digital market and access to open-source AI technologies.

They also underlined the need for policies supporting data access, computing infrastructure, AI workforce development and investment attraction mechanisms for deep-tech enterprises.

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VIPC Summit 2026 highlights Vietnam’s ambitions in strategic technologies

The Vietnam Innovation and Private Capital Summit 2026 (VIPC Summit 2026) will serve as a major platform connecting policymakers, global investors, technology firms and startups to increase investment flows and support Vietnam’s rapidly growing innovation ecosystem, heard a press conference in Hanoi on May 12.

 

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VIPC Summit 2026 highlights Vietnam’s ambitions in strategic technologies
VIPC Summit 2026 highlights Vietnam’s ambitions in strategic technologies

The Vietnam Innovation and Private Capital Summit 2026 (VIPC Summit 2026) will serve as a major platform connecting policymakers, global investors, technology firms and startups to increase investment flows and support Vietnam’s rapidly growing innovation ecosystem, heard a press conference in Hanoi on May 12.

VIPC Summit 2026 highlights Vietnam’s ambitions in strategic technologies

VIPC Summit 2026 highlights Vietnam’s ambitions in strategic technologies

The Vietnam Innovation and Private Capital Summit 2026 (VIPC Summit 2026) will serve as a major platform connecting policymakers, global investors, technology firms and startups to increase investment flows and support Vietnam’s rapidly growing innovation ecosystem, heard a press conference in Hanoi on May 12.