Innovation driven entrepreneurship in the context of digital transformation in Vietnam - Future potential

Abstract

Innovation driven entrepreneurship in Vietnam is making strong strides thanks
to the push from digital transformation and supportive policies such as “Make in Vietnam”
and the National Innovation Fund (NATIF). Great opportunities in capital, technology, and
market access are emerging, laying the foundation for companies to develop rapidly.
However, there are still significant challenges such as a shortage of high-tech talent,
cybersecurity risks, and an unsynchronized legal system. To achieve sustainable growth,
businesses need to focus on investing in research, product innovation, expanding
international cooperation, legal reforms, building modern digital infrastructure, and
developing high-quality human resources. In the future, Vietnam has the potential to
become the leading innovation hub in the region.