Ho Chi Minh City, 12 March 2025
Vietnam is accelerating its push toward becoming a global leader in science, technology, and innovation (STI) with the adoption of Resolution 57-NQ/TW. This ambitious roadmap sets the foundation for a digitally driven, innovation-powered economy, aiming to position the country among the top 30 in global innovation rankings by 2045.
Key Goals of Resolution 57-NQ/TW
The Vietnamese government has outlined a series of strategic objectives to drive the country’s digital transformation and STI growth:
By 2030:
- Develop an advanced science, technology, and innovation ecosystem.
- Strengthen business standards beyond global averages.
- Fully synchronize state management systems and digital databases.
By 2045:
- Achieve high-income nation status.
- Ensure the digital economy contributes 50% to GDP.
- Become a global hub for technology investment and innovation.
- Attract leading multinational technology corporations.
What This Means for Businesses & Investors
The resolution highlights the government’s commitment to institutional reform, infrastructure development, and human capital investment. This transformation presents significant opportunities for businesses and foreign investors, particularly in the technology, manufacturing, and digital sectors. Key benefits include:
- Pro-business reforms to remove institutional bottlenecks and streamline investments.
- Incentives for tech companies, startups, and foreign investors looking to enter Vietnam’s growing market.
- Upgraded digital infrastructure to support business growth and innovation.
- A skilled workforce driven by investments in education and technology training.
Legal Considerations & How We Can Help
As Vietnam accelerates its digital transformation and STI initiatives, businesses must navigate evolving regulatory frameworks, intellectual property protections, and investment policies. At Indochine Counsel, we provide expert legal guidance to help businesses:
- Establish a presence in Vietnam through company formation and investment strategies.
- Understand regulatory compliance related to data protection, digital services, and emerging technologies.
- Leverage government incentives and tax benefits for tech-driven investments.
- Mitigate legal risks in an evolving regulatory landscape.
With Resolution 57 shaping Vietnam’s economic future, now is the time for businesses to align with this vision and seize the emerging opportunities in science, technology, and digital transformation.
Read our full insights here.
Authors:
- Dang The Duc, Managing Partner
- Nguyen Trung Nghia, Junior Associate
- Nguyen Le Toan Phuoc, Legal Assistant
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For legal support on entering and expanding in Vietnam’s evolving business landscape, contact our team today:
Email: [email protected]
Phone: +84 28 3823 9640
