PM pushes five strategic breakthroughs to fuel digital economy

Addressing the first meeting of the National Steering Committee on Data linked virtually with all 34 cities and provinces nationwide, PM Pham Minh Chinh, who is also head of the committee, stressed that the Party’s policies and guidelines and the State’s laws have long articulated a strategic vision for data development. He cited Resolution No. 57-NQ/TW and the recently enacted Law on Data, both of which designate data as a “new means of production” and a strategic resource that must be transformed into high-value assets.

PM Pham Minh Chinh speaks at the meeting (Photo: VNA)
PM Pham Minh Chinh speaks at the meeting (Photo: VNA)

Hanoi (VNA) – Prime Minister Pham Minh Chinh has called for five strategic breakthroughs in digital data, guided by the motto of drastic action with results as the key yardstick, coordinated implementation, data as an asset, data infrastructure as the foundation, data economy as the spearhead, data security as critical importance, and people and businesses placed at the centre.

Addressing the first meeting of the National Steering Committee on Data linked virtually with all 34 cities and provinces nationwide, PM Chinh, who is also head of the committee, stressed that the Party’s policies and guidelines and the State’s laws have long articulated a strategic vision for data development. He cited Resolution No. 57-NQ/TW and the recently enacted Law on Data, both of which designate data as a “new means of production” and a strategic resource that must be transformed into high-value assets.

Pointing out existing shortcomings, their root causes and lessons learned, he recalled that Party General Secretary To Lam had repeatedly affirmed digital data as a critical input and lifeblood of digital economy.

Only accurate, comprehensive, clean, real-time, standardised, and easily shareable data can power effective advances in artificial intelligence (AI), digital government, digital economy, and digital society, he said. Data security, he added, must be addressed at a strategic level to protect the data of the nation and its over 100 million citizens.

Against this backdrop, the PM urged accelerated progress in data development and data economy through bolder, more holistic reforms. Such moves, he said, are essential for Vietnam to catch up, stay competitive, and eventually move ahead in critical fields, serving as a powerful engine for sustained double-digit economic growth in the years ahead.

He outlined five strategic breakthroughs in digital data, including institutional frameworks, data infrastructure linked with sovereign AI, skilled data workforce, national and sectoral databases, a data ecosystem and data economy.

Ministries, agencies, and localities were asked to establish and effectively operate their own data steering committees.

On institutional reform, they must swiftly draft and issue regulations and guidance under the Law on Data, covering data architecture, data dictionaries, master data catalogues and core datasets. They should also submit to the Government a decree on breakthrough mechanisms for the National Data Centre (NDC)’s data innovation and exploitation hub, alongside regulations governing data exchanges and supportive policies for the data economy.

He directed the Ministry of Finance, in coordination with the Ministry of Public Security, to build a legal framework for data valuation, fees and pricing for NDC data exploitation, as well as tax and capital incentives for enterprises active in data-related fields.

To accelerate national data infrastructure and platforms, he tasked the Ministry of Public Security with expediting the completion and effective operation of NDC No. 1, and proposing the construction of NDCs No.2 and 3.

Ministries, agencies and localities must promptly register their data assets and craft clear migration roadmaps to the national centre.

At the same time, the Government leader called for intensified research and mastery of core data technologies, such as cloud computing, blockchain, data exchanges and large language models tied to sovereign AI, while raising private-sector and foreign direct investment to build world-class data centres and hyperscale facilities.

Other specific tasks were also assigned to ministers, heads of agencies, and local authorities.

To date, 44 of Vietnam’s 105 national databases have been completed. The national population database has already delivered concrete benefits to citizens and businesses, bolstered social governance, and supported broader socio-economic development. The national business registration database now oversees more than two million corporate records, with seamless integration and sharing across 11 ministries, agencies, and all 34 cities and provinces.

The nationwide land database is fully operational, with participation from all 34 cities and provinces and data from 3,289 of 3,321 communes and wards linked to the central system. The integrated financial database has consolidated eight sector-specific databases, while the national insurance database has verified records for more than 100 million citizens. Meanwhile, the banking sector’s credit information database manages over 22 million personal credit records./.

VNA

See more

Vehicles transporting import and export goods at Mong Cai international border gate. (Photo: VNA)

Mong Cai smart border gate to open new era for cross-border trade

The smart border gate will be based on Industry 4.0 technologies, with cross-border data connectivity serving as its core. Beyond modernising a single customs checkpoint, the project aims to create a regional-scale “digital gateway” facilitating more efficient trade flows.

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao. (Photo: VNA)

Spring Fair 2026: Trade fairs boost Vietnam–Italy trade connectivity

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao said the bilateral relations are developing positively, providing a solid foundation for economic and trade ties. The Italian Government, financial institutions and business community regard Vietnam as a key market in Southeast Asia.

The booth of the Vietnam Trade Office at a trade fair in Morocco. (Photo published VNA)

Spring Fair 2026: opportunities for trade between Vietnam and Morocco

Tran Le Dung, Head of the Vietnam Trade Office in Morocco, said Morocco has accumulated extensive experience in hosting large-scale agricultural trade fairs and exhibitions. Flagship events include the annual International Agricultural Exhibition in Morocco (SIAM), alongside specialised shows covering food and beverages, textiles, handicrafts and logistics.

Prime Minister Pham Minh Chinh delivers closing remarks at the Spring Fair 2026. Photo: VNA

Prime Minister attends Spring Fair 2026 closing ceremony

After 12 vibrant and colourful days, the first Glorious Spring Fair 2026 vividly portrayed the vitality of the nation’s economic and consumer activities at the beginning of the new year, leaving a strong impression on the public and business community.

Vu Thi Thuy, Deputy Consul General and Head of the Vietnam Trade Office in Hong Kong Special Administrative Region (China). (Photo: VNA)

Hong Kong experience offers insights for Vietnam–Hong Kong trade cooperation

At this year’s Spring Fair, the Vietnam Trade Office in Hong Kong facilitated the participation of several Hong Kong enterprises in Vietnam to conduct market surveys, seek import sources and showcase their products. Notably, a company under the Hong Kong Productivity Council presented technological solutions for smart homes and smart manufacturing at the event.

People shop for Tet at a supermarket. (Photo: VNA)

Vietnamese goods dominate Tet market in Mekong Delta

In key retail hubs such as Can Tho, Long Xuyen and My Tho, high-quality Vietnamese goods account for 85–90% of Tet market share. Surveys at major supermarket chains and traditional markets show that consumers this year are prioritising locally-processed foods, confectionery and beverages.

Prime Minister Pham Minh Chinh strikes the gong to inaugurate the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

Int’l Financial Centre – A catalyst for Vietnam’s economic breakthrough: Deputy PM

Standing Deputy Prime Minister Nguyen Hoa Binh, who chairs the IFC’s Governing Council, said that the establishment of the centre in Ho Chi Minh City and Da Nang represented the initial realisation of a major task set out in the Resolution of the 13th National Party Congress. While characterising the launch as an early milestone rather than a final achievement, he underscored that it reflected meticulous, methodical and determined preparations at multiple levels of government.

Kobayashi Yosuke, Chief Representative of JICA Vietnam. (Photo: JICA Vietnam)

JICA hails milestones in Vietnam partnership amid green, digital push

In line with Vietnam’s development priorities and its goal of becoming a high-income country by 2045, JICA will continue to work with a wide range of partners in both Vietnam and Japan to mobilise technical and financial resources for more sustainable and inclusive cooperation

Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT 2026) is expected to expand its scale by 20% compared to last year's edition. (Photo: bnews.vn)

Int’l trade fair for apparel, textiles, textile technologies to open in Ho Chi Minh City

According to Vietrade, VIATT 2026 aims to promote the development of Vietnam’s textile and garment industry by enhancing production technologies, strengthening sustainability, and expanding technical textile segments. The event is expected to create opportunities for international businesses to tap into the growth potential of Vietnam and ASEAN, while enabling domestic enterprises to connect more effectively with global buyers.