Empowering Digital Enterprises: Expanding Horizons for Vietnam’s Tech Sector and Unlocking Investment Opportunities

The Ministry of Information and Communications, in collaboration with the VCCI, will provide robust support to digital technology enterprises. This includes assistance in registering and protecting intellectual property rights and facilitating technology transfers abroad. Furthermore, they will aid in market expansion, helping businesses tap into investment and commercial opportunities both domestically and internationally.

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On July 30, in Hanoi, the Ministry of Information and Communications signed a cooperation agreement with the Vietnam Chamber of Commerce and Industry (VCCI) to support investment and trade promotion for Made-in-Viet Nam digital technology products to serve digital transformation, digital economy development, and digital society development for the period of 2024–2026, with a vision towards 2030.

Elaborating on the agreement, Mr. Nguyen Khac Lich, Director of the Department of Information Technology Industry, said that the cooperation between the Ministry of Information and Communications and VCCI focuses on three main contents.

**First,** consulting and advising on the development of digital transformation strategies and policy environments.

The Ministry of Information and Communications will provide consulting and support in developing digital transformation strategies, plans, and programs for VCCI.

VCCI will propose solutions and policies to create and support the market for Vietnamese digital technology enterprises.

**Second,** supporting the promotion of trade and investment in Made-in-Viet Nam digital technology products, solutions, and services to serve digital transformation and the development of the digital economy and digital society in the domestic market.

This will include activities such as propaganda, surveys, and investigations into the digital transformation needs of enterprises, trade promotion conferences, supply-demand connections, and especially the “selection and ordering of 10 typical Made-in-Viet Nam digital technology products, solutions, and services in 10 fields to pilot the implementation of digital transformation at VCCI and member enterprises, in order to evaluate and replicate the deployment of products that bring practical benefits to people and enterprises.”

**Third,** supporting the development of markets and investments abroad for Made-in-Viet Nam digital technology products. Specifically, this will involve activities such as supporting the registration and protection of intellectual property rights and technology transfer abroad, connecting and introducing trade partners, providing information, guidance, and consulting for enterprises, and promoting trade and investment activities in foreign countries.

Speaking at the signing ceremony, Mr. Pham Tan Cong, Chairman of VCCI, emphasized that Resolution No. 41-NQ/TW, issued by the Politburo on October 10, 2023, on building and promoting the role of Vietnamese entrepreneurs in the new era, set a goal for 2030: “To develop a Vietnamese entrepreneurial team with a scale, capacity, and quality that meets the requirements of industrialization and modernization of the country. Strive to have more enterprises reaching the regional level, with some enterprises reaching the world level; some large enterprises play a leading role in key sectors and fields; … have international competitiveness in fundamental, priority, and spearhead industries.”

Mr. Pham Tan Cong, Chairman of VCCI, speaking at the signing ceremony.

Resolution 41 also sets out the task of developing ethnic enterprises and large-scale enterprises with a leading role in some key, critical sectors and fields.

The development and growth of Vietnamese digital technology enterprises are essential, contributing to the task of national digital transformation in the Documents of the 13th Party Congress and helping to realize the goal of developing a team of entrepreneurs and enterprises set out in Resolution 41 of the Politburo.

Vietnamese digital technology enterprises are also one of the critical ethnic enterprise groups that need to be promoted and supported in the context of the country’s national digital transformation, digital economy development, and digital society development.

Mr. Pham Tan Cong emphasized: “The signing marks the beginning of close cooperation between the two agencies in supporting national digital transformation, developing the digital economy and digital society, and fulfilling the task assigned by the Prime Minister to VCCI and the Ministry of Information and Communications in Directive No. 01/CT-TTg on promoting the development of Vietnamese digital technology enterprises.”

With this agreement, the two parties support Vietnamese digital technology enterprises in expanding their markets and seizing investment and business opportunities in domestic and foreign markets through a market of 200,000 enterprises operating in all economic sectors and industries in Vietnam and VCCI’s network of partners worldwide and the Ministry of Information and Communications, contributing to promoting digital transformation, developing the digital economy, and building a digital society in Vietnam effectively and efficiently, towards the realization of the goal of “a rich people, a strong country, and an equitable, democratic, and civilized society.”

In addition, to ensure the validity and effectiveness of the cooperation agreement between the two parties, during the event, VCCI’s leaders signed a cooperation agreement with the leaders of six typical enterprises, including Viettel, VNPT, Mobifone, FPT, CMC, and MISA, to accompany and promote digital transformation.