The Government of Vietnam has launched a new government programme aimed at developing at least 10 technology companies with annual revenues exceeding USD1 billion by 2030. The initiative, announced on June 17, forms part of the country’s broader strategy to strengthen digital infrastructure, strategic technologies, data capabilities, digital talent, and cybersecurity during the 2026–2030 period.
Under the programme, qualifying strategic technology firms must generate at least USD1 billion in annual revenue, employ a minimum average workforce of 5,000 people, and invest at least 3 per cent of annual revenue in research and development. Companies are also required to hold at least one patent granted by a leading international intellectual property office, including those of the United States, Europe, Japan, South Korea, or China. These enterprises are expected to play a central role in advancing digital infrastructure, cybersecurity solutions, strategic technologies, and national digital transformation objectives.
The plan also outlines several key infrastructure and technology targets. Vietnam aims to add at least six new international submarine fibre-optic cable routes by 2030, including one route invested in and controlled by a domestic enterprise, while expanding 5G coverage to 99 per cent of the population. The government further plans to develop five large-scale green data centres and position the country among Southeast Asia’s top three markets for artificial intelligence research, development, and deployment.