With investments in science, semiconductors, and digital governance, Bac Ninh is shaping up to be a driving force in Vietnam’s tech and innovation landscape.

Vietnamese startups are eager for new policies and more support for the technology ecosystem as set up in Resolution 57, which calls for breakthroughs in the development of science, technology, innovation and digital transformation.

On December 22, 2024, the Politburo released Resolution 57 on breakthroughs in science and technology development, innovation and national digital transformation.

Vietnam can accelerate its pace of innovation by leveraging "synergistic power" and learning from Singapore's experiences in developing its semiconductor industry.

Resolution No 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation was issued on December 22 last year by Party General Secretary To Lam.

The National Assembly has approved groundbreaking policies that allow for calculated risks in research, granting scientists greater autonomy and funding flexibility.

Japan’s semiconductor hub, Kyushu, is eyeing Vietnam as a strategic partner in workforce development and industry collaboration.

With government backing and growing investment, Vietnam aims to train 50,000 engineers and expand its role in the global semiconductor supply chain.

At the annual ICT gathering in Hanoi, Minister Nguyen Manh Hung and other key leaders stress the importance of government-backed research and digital transformation. Resolution 57 is hailed as a landmark step toward a tech-driven economy.

Hanoi, HCM City and Da Nang plan to implement specific policies to encourage science and technology and innovation, with incentives those beyond currently applied.

The Standing Government on February 10 met with businesses to discuss duties and solutions to help the private sector accelerate and make a breakthrough, contributing to the country’s rapid and sustainable development in the new era.

Several important, groundbreaking proposals were made by Minister of Information and Communication Nguyen Manh Hung at the recent conference on the development of science, technology, innovation, and high-quality human resources to spur growth.

With the recent launch of Resolution 57, Vietnam’s technology startups are hoping for groundbreaking policies that will accelerate innovation, strengthen the tech ecosystem, and drive the country’s digital transformation.

In a firm commitment to accelerating Vietnam’s digital transformation, the Ministry of Information and Communications (MIC) has vowed to swiftly implement Resolution 57.

Experts and managers believe that Resolution 57 will play an important role in Vietnam’s development in upcoming years.