Archive · 4 Sep 2026
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.
Vietnam is seeking a higher-value economic partnership with the United States focused on technology, investment and resilience.
Ambassador Nguyen Quoc Dzung highlighted semiconductors, artificial intelligence, data centres, digital services and workforce training.
Vietnam aims to raise the digital economy to 30 per cent of GDP by 2030 while shifting toward advanced manufacturing.
US companies could support renewable energy, liquefied natural gas, power grids, storage and modern infrastructure.
Vietnam targets 45–50 per cent localisation in key industries and about 10,000 domestic companies in foreign-investment supply chains by 2030.
- Who
- Vietnam, represented by Ambassador Nguyen Quoc Dzung, is seeking closer economic cooperation with the United States and its companies.
- What
- Vietnam is promoting investment and technology partnerships in semiconductors, artificial intelligence, advanced manufacturing, clean energy, infrastructure and other high-value sectors.
- When
- The ambassador discussed the plans in an interview; Vietnam’s cited economic growth figures cover the first half of 2026, with major targets set for 2030 and 2050.
- Where
- The interview took place in Washington, while the proposed investments and economic changes would center on Vietnam.
- Why
- Vietnam wants to move beyond labour-intensive manufacturing, increase domestic value and productivity, expand its digital economy, and support economic growth while pursuing net-zero emissions by 2050.
- 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.