Brian Jeffrey
Nguyen Manh Hung, the Minister of Information and Communications, urged Vietnamese companies to enhance their self-sufficiency and expertise in digital technologies. He stressed that the “Make in Vietnam” initiative could significantly boost national wealth and stability in the long run.
At the annual New Year meeting of the Ministry on January 22, Minister Hung and other senior officials interacted with leaders from more than 20 key organizations in the ICT field.
The Minister expressed his pride in the nation’s technological and communication advancements, citing notable achievements:
Vietnam holds the 17th position worldwide in cybersecurity.
The country is among just five with a locally developed social media platform that competes with Facebook in user numbers.
Vietnamese firms successfully manufacture 5G technology and export it internationally.
Domestic companies dominate the port management software sector, holding a 70% market share.
He encouraged enterprises to embrace greater responsibilities and contribute more actively to the country’s progress, urging them to pursue lofty aspirations.
Executives from leading firms such as Viettel, FPT, VNG, MBBank, MK Group, and VNPT shared their success experiences, offering valuable lessons to attendees.
For example, Nguyen Thi Dieu, CEO of One Mount, shared her story of pushing past her limits to lead major initiatives like VinFast and One Mount, highlighting the importance of venturing into uncharted territories.
Moreover, MBBank’s Vice Chairwoman Vu Thi Hai Phuong explained how strategies from the telecommunications and software sectors helped the bank’s customer base grow fivefold within five years.
Nguyen Trong Khang, Chairman of MK Group, noted the potential for domestic digital technology firms to expand their solutions to foreign markets and shared insights from their operations in places like Ethiopia and Brazil.
Minister Hung remarked that these achievements showcase the capacity of Vietnamese businesses to create high-quality products and to penetrate global markets based on their domestic successes.
Vietnamese digital technology companies generated $11.5 billion in overseas revenues in 2024, with an impressive annual growth rate of over 30%. The Ministry aims to boost this revenue to $100 billion by 2035, eclipsing agricultural exports.
Minister Hung highlighted the critical nature of technology exports as a true measure of Vietnam’s capabilities.
“Vietnam is an optimal setting for businesses to develop advanced solutions locally before expanding internationally. The ‘Make in Vietnam’ strategy contributes to fostering both our prosperity and security, forming a solid defense and security sector,” he remarked.
He encouraged leaders to envision creating a “Vietnamese magic crossbow” for the nation’s future protection.
Minister Hung emphasized the significance of Resolution 57, which focuses on breakthroughs in science, technology, innovation, and digital transformation.
He noted that all objectives set under Resolution 57 should be translated into measurable indicators, monitored automatically, and disclosed publicly to enhance accountability and transparency.
With the adoption of Resolution 57, Minister Hung expressed optimism regarding the positive change that scientific and digital innovation will bring.
“This wave of innovation and digital transformation will be vital in advancing Vietnam to a developed socialist nation by 2045,” he stated.
