Vietnam Accelerates US Cooperation to Revolutionize Science Technology Innovation and Digital Transformation with High-Tech Investments and Strategic Partnerships

Vietnam is taking bold steps to deepen its Vietnam-US Cooperation in science, technology, innovation, and digital transformation. Nguyễn Duy Ngọc, Politburo member and deputy head of the Central Steering Committee for the Development of Science, Technology, Innovation and Digital Transformation, recently led high-level discussions with Rosen Partners, Arizona State University (ASU), Meta Platforms, and the Semiconductor Industry Association (SIA) on February 19–20. These sessions, held during Party General Secretary Tô Lâm’s official visit to Washington D.C., underscore the government’s commitment to leveraging international expertise, investment, and collaboration in key technological sectors.

Government Strategy Fuels Innovation

Ngọc highlighted that Vietnam’s 14th National Congress laid the groundwork for a long-term vision, identifying science, technology, innovation, and digital transformation as a primary driver of economic growth. Central to this vision is Resolution 57, which provides the framework for:

Encouraging research institutes and universities to become active innovation hubs.
Supporting venture capital and pilot investment programs.
Attracting cutting-edge technology projects to high-tech parks in Hà Nội, Hồ Chí Minh City, and surrounding provinces.

According to official government updates, these parks focus on emerging industries such as artificial intelligence, semiconductors, and advanced manufacturing, forming the backbone of Vietnam’s modernization strategy.

Hà Nội, as a case study, posted a GRDP growth of 8.16% in 2025 and contributed around one-quarter of the nation’s total budget revenue. From 2026 onwards, the city targets 11% growth, guided by three strategic pillars:

Implementing a 100-year urban master plan.
Promoting multi-centered, multi-layered urban development.
Strengthening connectivity with neighboring provinces to create satellite growth hubs.

Ngọc emphasized that achieving these goals requires significant investment in human capital, technology, and infrastructure, all aligned with Vietnam’s ambition to become a green, smart, and globally connected mega-city.

Academic Partnerships and Workforce Training

Education and workforce development are at the heart of Vietnam’s Vietnam-US Cooperation agenda. Meetings with ASU focused on building programs that support science, technology, innovation, and digital transformation. Key initiatives include:

Establishing joint research programs and university-based innovation ecosystems.
Expanding workforce training to meet the needs of the semiconductor and AI industries.
Strengthening faculty capacity and curriculum development in Vietnamese universities.

The government encourages international institutions to set up research centers within high-tech parks, fostering collaboration between academia and industry. These efforts aim to produce a skilled workforce ready to drive strategic industries forward.

Collaboration with Technology Leaders

Discussions with Meta Platforms highlighted opportunities to boost Vietnam’s AI and digital infrastructure. The government outlined proposals to:

Build a national Vietnamese-language AI dataset for practical applications.
Adapt global AI models to local laws, culture, and language.
Provide digital and AI skills training for youth and workers impacted by automation.
Support small- and medium-sized enterprises (SMEs) in e-commerce and combating online fraud.

These measures align with government strategies to improve digital governance while safeguarding national digital sovereignty, ensuring technology serves the broader population and economy.

Semiconductor Industry Development Takes Center Stage

Vietnam’s roadmap for semiconductor industry development is ambitious and clear. Under Resolution 57, the country has identified semiconductor chips as part of a strategic list of technologies, alongside specialized chips, AI chips, and IoT chips. Key government goals include:

Training over 50,000 engineers and graduates to support the sector.
Establishing at least 100 design firms focused on chip development.
Gradually building assembly, test, and packaging facilities (ATP).
Exploring small-scale chip manufacturing plants to complement research and development.

The SIA partnership ensures that workforce output matches real industry demand. By linking universities, research institutions, and US industry leaders, the government aims to strengthen Vietnam’s competitive edge in this rapidly growing global sector.

Incentives for Strategic Investment

Ngọc emphasized that Vietnam-US Cooperation extends beyond dialogue to creating a transparent, investor-friendly environment. Key government incentives include:

Streamlined administrative procedures and reduced transaction costs.
Green-lane mechanisms to accelerate critical projects.
Access to ready-to-use land and favorable conditions for strategic investors.

The government encourages foreign investment in priority sectors aligned with Hanoi’s 100-year vision, including urban infrastructure, telecommunications, energy, healthcare, education, and high-end tourism.

Building a Sustainable, Innovation-Driven Future

At the core of Vietnam’s approach is the belief that science, technology, innovation, and digital transformation is vital for modernizing governance and boosting national competitiveness. Key elements of the government’s vision include:

Linking research, application, and workforce development in an integrated ecosystem.
Fostering university-industry collaboration to promote innovation.
Expanding high-tech parks as hubs for industrial research, advanced manufacturing, and strategic technologies.

This forward-looking approach ensures that Vietnam remains a competitive, technology-driven economy, capable of leveraging global partnerships for sustainable growth.

Conclusion

Vietnam’s strengthened Vietnam-US Cooperation represents a significant milestone in national development. By prioritizing science, technology, innovation, and digital transformation, implementing Resolution 57, and leveraging international partnerships, Vietnam is laying the groundwork for a modern, globally connected economy. Strategic investment, workforce training, and targeted support for semiconductor industry development and digital governance are all part of this integrated vision. The government’s approach ensures that Vietnam is positioned as a regional hub for innovation and high-tech growth for decades to come.

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