Vietnam courts chip investment to power up digital economy

Communist Party aims to grow tech sector to 30% of GDP in a decade

20210129 2 Samsung Vietnam

A Samsung smartphone plant in Bac Ninh Province in northern Vietnam. The South Korean company operates two huge smartphone factories in the Southeast Asian country. (Photo by Tomoya Onishi)

TOMOYA ONISHI, Nikkei staff writer

HANOI -- Vietnam is moving to build a bigger digital economy, driven in part by semiconductor manufacturing, during the next five years and beyond as the Communist Party this week maps out a course that will take the country's economy to 2045.

Prime Minister Nguyen Xuan Phuc, who guides economic policy, this week signed documents to encourage technological innovation and more digital players.

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