Vietnam accelerates growth agenda, courting U.S. tech and foreign investment

Vietnam’s newly formed government is emphasizing rapid, technology‑driven growth. Prime Minister Lê Minh Hưng has pledged to halve red‑tape, launch a national innovation framework (Resolution 57) and target sustained two‑digit GDP expansion through 2030. The agenda calls for U.S. companies to help build the country’s digital economy, including AI, cloud computing, cybersecurity, advanced manufacturing, biotech and renewable‑energy projects, while also seeking stable data‑flow rules and clearer permitting processes.

Foreign partners are responding. A delegation of more than 50 leading U.S. firms visited Hanoi under the US‑ASEAN Business Council, and Swiss officials have highlighted Vietnam as a priority Southeast‑Asian partner, noting a three‑fold rise in bilateral trade and doubled Swiss direct investment. Japan’s Idemitsu Kosan is expanding energy projects, South Korea is deepening investment and finance cooperation, and Vietnam‑based VinFast celebrated the production of its one‑millionth electric motorbike. Japanese loan agreements totaling ¥39.3 billion will fund rural infrastructure and climate‑resilient projects in northern provinces.

Together, these moves aim to position Vietnam as a high‑speed, talent‑rich hub that competes on technology and industrial sophistication rather than low‑cost labor.