27/04/2026
Vietnam is one of the fastest-growing economies in Asia. It is aggressive and ambitious and looks set to outpace some of its neighbors.
In 1986, the original Đổi Mới (or "Renovation") policy helped to transform Vietnam from a centrally planned economy to a "socialist-oriented market economy." It was a tectonic shift that gave millions an opportunity to step out of poverty. And now we are witnessing the emergence of "Đổi Mới 2.0." This is not a mere continuation of the past Đổi Mới but a re-engineering of the nation’s economic DNA, shifting from low-cost labor and assembly with the aim of becoming a high-tech, digital-first powerhouse.
The Domestic Blueprint: Digital or Bust
The core of Đổi Mới 2.0 was codified in the National Digital Transformation Program through 2025, with a vision toward 2030 (Decision 749/QD-TTg). The mandate is clear: the digital economy must account for 20% of Vietnam’s GDP by 2025 and 30% by 2030.
Vietnam is one of the fastest-growing economies in Asia. It is aggressive and ambitious and looks set to outpace some of its neighbors. In 1986, the original Đổ