Vietnam PM Urges Focus on Strategic Products to Drive Development

Prime Minister Lê Minh Hưng stressed the critical need to concentrate resources on major technological challenges and strategic products that can lead national development. Speaking at a specialized meeting on June 23, he highlighted that science, technology, innovation, and digital transformation must directly serve socio-economic development and act as drivers for economic growth.

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Science, technology, innovation, and digital transformation must directly serve socio-economic development and act as drivers for economic growth.

The Prime Minister called for a decisive shift away from scattered and inefficient investments. He emphasized that national tasks should align with regional strengths and global value chains. "We must resolutely overcome scattered, duplicated, and inefficient investments," he stated, clarifying that national-level efforts should focus on strategic technologies and core infrastructure, while regional and local initiatives should target specific products with immediate value creation potential.

To ensure progress, ministries and agencies must rigorously review their assigned tasks and resolve overdue items by June 30. The Prime Minister also directed relevant ministries to select one to three major challenges or key products, detailing their value chains, mastered technologies, priority areas, leading enterprises, participating localities, standards, markets, resources, and commercialization timelines. This selection process must be completed by the end of June.

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We must resolutely overcome scattered, duplicated, and inefficient investments.

Provincial People's Committees are tasked with reviewing science and technology development tasks aligned with local needs and advantages. Starting in 2026, each province must select at least one product with quantifiable economic value. From 2027 onwards, this will increase to two or three key products annually. Each selected product requires a dedicated point person, participating businesses, application sites, resource allocation, and specific socio-economic contribution targets.

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national-level efforts should focus on strategic technologies and core infrastructure, while regional and local initiatives should target specific products with immediate value creation potential.