Vietnam’s Vision 2030 aims to transform the nation into a modern, innovative economy, driven by a robust private sector and advanced digital infrastructure. The private sector is expected to contribute 55-58% of GDP, with the digital economy surpassing 30% and total factor productivity exceeding 55%.
The vision targets two million businesses, including at least 20 major firms integrated into global value chains, with the private sector employing approximately 85% of the workforce. In innovation and technology, Vietnam seeks to rank among Southeast Asia’s top three (and Asia’s top five) nations, with R&D spending reaching 2% of GDP, over 60% from non-state sources. The plan prioritizes mastering AI, blockchain, semiconductors, and quantum computing, while fostering at least five globally competitive digital technology firms.
Institutionally, Vietnam commits to a unified, transparent legal system through a three-tier government reform by 2027, cutting at least 30% of administrative procedures and positioning itself as a top three ASEAN investment destination by 2028. The vision also emphasizes comprehensive integration across sectors, targeting 8.5-9.5% annual labor productivity growth in the private sector.
