Vietnam has 75,000 tech firms

Huy Hoang

Jul 15, 2025 / 09:50 PM

Legal reforms have led to the creation of 75,000 tech firms and rising global innovation and digital economy rankings, further driving digital transformation.

THE HANOI TIMES — Vietnam is now home to more than 75,000 tech firms, and approximately 4,000 innovative startups, according to the Ministry of Science and Technology.

The national innovation ecosystem has grown to include 208 investment funds, 84 incubators, and 40 business accelerators.

At its mid-2025 review conference held on July 14 in Hanoi, the Ministry highlighted that, following the merger of two ministerial-level agencies, its streamlined and modernized structure now regulates four core pillars, including science, technology, innovation, and digital transformation.

Hình ảnh 1 — Mid-2025 Review Conference on Science, Technology, Innovation, and Digital Transformation Activities. Photo: Ministry of Science and Technology

During the first half of 2025, the ministry submitted five bills to the National Assembly and is finalizing the drafting of four more laws.

Reports at the conference showed notable achievements, including Vietnam's ranking 44th out of 133 countries in the Global Innovation Index (GII), the digital economy accounting for 18.72% of GDP, the country having the fastest internet speeds in the region, and the national data-sharing platform processing 630 million transactions.

These results reflect Vietnam’s strong commitment to regulatory reform, digital enterprise development, and comprehensive digital transformation.

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