The "Make in Vietnam" initiative aims not only to ensure national prosperity but also long-term peace.

Vietnam currently ranks the 17th globally in cybersecurity. It is one of the five countries that has a domestic social network with the number of users equal to domestic Facebook users. 

Vietnamese tech firms can develop strategic weapons like missiles and 5G equipment. It is selling 5G equipment not only in Vietnam, but also abroad. Vietnamese firms are holding 70 percent of seaport management system market share. 

The Ministry of Information and Communications (MIC) recently convened a meeting with outstanding agencies and enterprises to honor the efforts and contributions of the units to the development of industry and the country. The businesses attending the meeting shared their success stories.

Nguyen Thi Diu, CEO of One Mount, said even though she had no expertise in technology or cars, she overcame her limits to achieve success with projects such as VinFast automobile factory and One Mount technology company.

Commenting about the case, Hung said the human brain works at a high capacity when people face difficulties and enter unknown areas.

MBBank Vice President Vu Thi Hai Phuong shared how the bank has applied the achievements of other industries, such as telecommunications, infrastructure and software in the banking sector. The applications have increased the number of clients in the last five years, which was five times than the total number of clients the bank obtained in the first 25 years of operation.

MK Group president Nguyen Trong Khang pointed out that Vietnamese technology firms are capable of exporting digital transformation technology to foreign countries. His conclusion was made based on the company’s experience of expanding investment and building smart card manufacturing plants in Ethiopia and Brazil.

Discussing Vietnamese enterprises’ strategy to develop markets abroad, Hung cited Viettel and FPT’s success as examples. 

“If technology firms want to reach out to the world market, they need to make excellent products for the domestic market, and success in the domestic market will help them get more resources to enter other markets around the world,” Hung said.

A report found that revenue from foreign markets of some Vietnamese large digital technology firms reached $11.5 billion in 2024, and the business has been growing well by over 30 percent per annum. 

It is expected that by 2035, the figure will reach $100 billion, higher than revenue from farm exports.

“This is a challenging goal for Vietnam’s digital technology firms. However, if Vietnam cannot do this, it will still be an agricultural country,” Hung said.

When explaining the factors that helped their businesses successfully enter seaport management solution and accounting software markets with "Make in Vietnam" products, managers of both CEH and MISA emphasized on the advice and support from MIC.

Reaffirming the readiness to give support, Hung cited the connection with NTQ Solution and Viettel which worked with VTV to develop an AI solution to translate Vietnamese to ethnic minority languages for TV programs for ethnic minorities, and also helped broadcast the VTV1 channel to Laos and Cambodia.

Make in Vietnam can bring long-term peace

Hung at the event called on technology firms to embrace the mission of increasing labor productivity and fostering rapid and sustainable development to help Vietnam escape the middle-income trap and become a developed socialist nation on par with major powers.

Emphasizing that technology will help Vietnam become a developed country, Hung pointed out that Vietnam has many challenges and issues, which are opportunities and markets for technology enterprises to develop. The country is indeed the cradle for Vietnamese technology enterprises to grow and eventually go global.

Enterprises need to keep the spirit of self-reliance and mastery of technology, especially digital technology. "Make in Vietnam" will not only help Vietnam prosper but also contribute to long-term peace, because "Make in Vietnam" products contribute to the development of the national defense and security industry.

Hung noted that Vietnamese digital technology enterprises should think about creating a "Vietnamese magic crossbow" to protect the nation. “The magic crossbow that protects Vietnam can only be created by Vietnamese."

Thai Khang