Vietnam is gradually shifting to a "State that builds development

Thanh Hà |

In May 2026, foreign newspapers had many articles positively and optimistically assessing Vietnam, in which they said that Vietnam's growth model is gradually shifting from a "directly leading state" to a "development-creating state".

Egde Malaysia on May 18 commented that Vietnam is fully meeting the important criteria of the classic "Asian Tiger" model: high domestic savings rate, attracting foreign direct investment (FDI) and industrialization towards export. An important shift is that the export structure has changed significantly, the proportion of manufactured goods and high technology is increasing rapidly. Vietnam is now becoming an important link in the global supply chain with the presence of many large technology corporations. The role of the domestic private sector is increasing rapidly. This shows that Vietnam's growth model is gradually shifting from "Directly leading state" to "Developing state", focusing on investing in infrastructure to promote production.

Meanwhile, Gulf News (UAE) on May 6 assessed that Vietnam has affirmed its position as the most dynamic economic power in Southeast Asia, breaking regional growth records and emerging as a rapidly developing global manufacturing, trade, and tourism center. With an impressive GDP growth rate of 8.2% in 2025, a superior achievement compared to all other ASEAN countries, Vietnam is rapidly transforming into a modern, high-tech industrial power. Vietnam has attracted a large amount of foreign direct investment (FDI), reaching 38 billion USD in 2024 alone. This investment capital has boosted the boom in the high-tech manufacturing industry, especially electronics and semiconductors, bringing the country far beyond its tradition of producing textiles and footwear. According to the 2026 Asian Manufacturing Index, Vietnam is currently ranked in the top 3 most promising manufacturing centers in Asia.

Nikkei Asia (Japan) newspaper on May 13 reflected that in the context of increasing global competition for technology human resources, Qualcomm (USA) semiconductor company is promoting the expansion of research and development activities in Vietnam, considering this an important link in the strategy of building a global technical center.

The Interpreter (Australia) page on May 15 said that Vietnam hopes to become a global semiconductor center, attracting widespread attention from governments and technology leaders, especially the US. Vietnam considers innovation and digital transformation as the golden key to opening a new stage of development. What makes Vietnam different from other mid-range powers is that the semiconductor industry strategy is oriented towards clear, synchronous goals to strengthen the various elements of the complex chip ecosystem.

Coin Edition (Dubai) on May 13 recorded that Vietnam is aiming to integrate digital assets into the financial system to consolidate its position as the leading digital economy in the region by 2030 and beyond, with Vietnam expected to officially launch the cryptocurrency and managed digital asset market in the third quarter of 2026. This move is expected to directly promote Vietnam's broader digital transformation process and help achieve national goals...

Thanh Hà
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