Promoting strategic technology to accelerate economic development

The formation and development of strategic industries can help Vietnam catch up, keep pace and surpass in a number of key areas. Photo: Duc Thanh

The first step for strategic technology industries

Three innovation networks and strategic technology industry experts, including Quantum (VNQuantum), Cyber Security (ViSecurity) and Aviation, Space, Unmanned Aerial Vehicles (UAV Vietnam), have just been officially announced by the National Innovation Center ( Ministry of Finance ).

In particular, the VNQuantum Network was established with the vision of making Vietnam a bright spot on the global quantum technology map; the ViSecurity Network aims to master security technology, develop "Make in Vietnam" solutions to protect national digital infrastructure; and the Vietnam UAV Network has the mission of turning Vietnam from a consumer market into a manufacturing and innovative country in the global value chain of the aviation, aerospace and UAV industry.

“Strategic technologies such as quantum, cyber security, aviation, space, and drones are not only the driving force for economic development, but are also closely linked to national security, digital sovereignty , and the country's international position,” Deputy Minister of Finance Do Thanh Trung said at the ceremony to announce the establishment of the three innovation and strategic technology expert networks.

It should be reiterated that, currently, in the world, quantum technology, cyber security and aviation, space, and unmanned aerial vehicles are emerging as three strategic pillars, shaping the economic future, with an estimated market size of hundreds to thousands of billions of USD in the next decade. The establishment of three innovation networks, although just a gathering of forces, is also the "first step", an important milestone for the formation and development of new strategic technology industries in Vietnam.

“Developing strategic technology industries is no longer a choice, but a national development imperative,” Deputy Prime Minister Nguyen Chi Dung emphasized.

In mid-June 2025, the Prime Minister issued Decision No. 1131/QD-TTg, identifying 11 strategic technology groups in Vietnam, including AI, semiconductors, aerospace technology, etc. Last year, the innovation network of semiconductor and AI industries was established, and now, there are 3 new technology industries, thereby contributing to the completion of the innovation network ecosystem in pioneering technology industries. This will bring great opportunities for Vietnam to participate in the global supply chain and gradually become an innovation center in these strategic fields.

Not only taking advantage of the opportunities of trillion-dollar markets, but also forming and developing strategic industries, as Deputy Minister Do Thanh Trung said, can help Vietnam catch up, keep up and surpass in a number of key areas. These are the new growth drivers of Vietnam.

Semiconductors, AI: A boost for growth

While the quantum technology, aviation, aerospace industries… may need time to establish the most important foundations, semiconductors and AI are gradually becoming strong drivers for growth and therefore need to be strongly promoted in the coming time, especially in attracting strategic investment projects.

A recent report by the Ministry of Finance said that Vietnam currently has about 170 foreign investment projects in the semiconductor and high-tech sectors, with a total registered capital of nearly 11.6 billion USD. Many foreign investors in this sector have come to Vietnam to set up factories. For example, billion-dollar factories of Intel, Amkor, HanaMicron... Not to mention, a series of other names such as Marvell, Siemens, Ampere, BE Semiconductor Industries... have also made investments in the semiconductor sector in Vietnam. Meanwhile, NVIDIA, Qualcomm... focus on research and development (R&D), AI...

Vietnam currently has about 170 foreign investment projects in the semiconductor and high technology sectors, with a total registered capital of nearly 11.6 billion USD.

Not only the number of projects or the scale of the projects are large, but according to the Ministry of Finance, Vietnam is starting to participate in stages with high added value, such as manufacturing equipment, materials, semiconductor components, packaging, testing semiconductor chips, etc.

Great opportunities are opening up, as foreign investors have affirmed that Vietnam is an important link in the global semiconductor supply chain. The global semiconductor market is forecast to reach a scale of 1,000 billion USD by 2030. But can Vietnam take advantage of this opportunity?

In the meeting in early August 2025 of the National Steering Committee for Semiconductor Industry Development, Prime Minister Pham Minh Chinh, Head of the Steering Committee, emphasized the bottlenecks in attracting investment and developing the semiconductor industry. That is, the projects are all large-scale, have high energy demand, require high-quality human resources, new mechanisms and policies are in the early stages of implementation... Removing bottlenecks to promote investment attraction in this field is important.

Therefore, in the recent announcement issued by the Government Office regarding the conclusion of the National Steering Committee on Semiconductor Industry Development at its meeting in early August 2025, many important tasks were assigned.

In particular, ministries, branches and localities, according to their assigned functions and tasks, proactively develop or propose mechanisms and policies to support businesses and attract investment in the semiconductor industry. In particular, the Ministry of Finance is assigned to continue focusing on promoting foreign investment attraction in the semiconductor sector, prioritizing projects with advanced technology, new technology, high technology, clean technology, modern management, high added value, spillover effects, connecting global production and supply chains, etc.

Meanwhile, the Ministry of Industry and Trade is assigned to preside over and coordinate with ministries and branches to ensure stable power sources, prioritize clean electricity for the development of the semiconductor industry; research and propose electricity price mechanisms for chip factories... These moves are positive and important to promote investment attraction and development of the semiconductor industry.

Similarly, to attract investment and promote strategic technology industries such as aerospace, drones, quantum, cyber security, etc., to accelerate economic development, it is also necessary to continue researching mechanisms, policies, and preparing infrastructure, human resources, etc. These are opportunities that cannot be missed.

Source: https://baodautu.vn/thuc-cong-nghe-chien-luoc-de-tang-toc-phat-trien-kinh-te-d371629.html