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Economy

Vietnam courts chip investment to power up digital economy

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

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)

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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