4 hrs ago

Vietnam pitches tech-led growth and higher-value US partnership

Vietnam wants its economic relationship with the United States to become more advanced and balanced.

It does not want to rely only on factories that use large amounts of labour.

The country is seeking investment in semiconductors, artificial intelligence, clean energy and other technologies.

Vietnam also wants to train more workers for these industries.

US companies could provide money, technology and expertise for energy and infrastructure projects.

Vietnam plans for digital activities to make up 30 per cent of its economy by 2030.

It also wants renewable energy to become a much larger part of its power system.

The country says manufacturing and innovation can grow together.

Vietnam hopes these partnerships will bring technology, supply chains and long-term value, not just capital.

Key facts

GDP growth: Vietnam’s GDP grew 8.18 per cent in the first half of 2026.
Digital economy target: Vietnam aims for the digital economy to account for 30 per cent of GDP by 2030.
Localisation target: The country is targeting 45–50 per cent localisation rates in key industries by 2030.
Domestic suppliers: Vietnam wants about 10,000 Vietnamese companies participating in foreign-investment value and supply chains by 2030.
Renewable energy target: Renewables are expected to account for about 26–28 per cent of generation capacity by 2030 and 60–65 per cent by 2050.
Net-zero goal: Vietnam is pursuing net-zero emissions by 2050.
Diplomatic relationship: The United States and Vietnam established diplomatic relations in 1995, and elevated ties to a comprehensive strategic partnership in September 2023.

thehansindia.com · 4 hrs ago