Under Prime Ministerial Decision No. 1091/QD-TTg, signed by Deputy Prime Minister Ho Quoc Dung on June 17,  a strategic project to establish large-scale domestic technology enterprises tasked with developing digital infrastructure, human resources, data, strategic technologies, and cybersecurity for the 2026–2030 period has been approved.

Under the project, Vietnam aims to form at least ten such enterprises by 2030 to serve as the backbone for the country’s digital transformation and the protection of its digital sovereignty.

To qualify, these firms must simultaneously meet rigorous benchmarks, including achieving an annual revenue of at least $1 billion each and maintaining a workforce of no fewer than 5,000 employees.

Furthermore, these companies are required to establish and operate at least one dedicated science and technology organization while allocating a minimum of 3% of their total revenue to research and development activities.

Innovation is a key pillar of the scheme, as each of these enterprises must hold at least one patent granted by one of the world’s top five intellectual property offices: the USPTO, EPO, JPO, KIPO, or CNIPA.

These strategic entities are expected to lead the development of a modern, green, and highly interconnected national digital infrastructure with the capacity to support the digital economy and society.

Specific infrastructure goals outlined in the decision include the operationalization of at least six new international submarine fiber optic cables, including at least one fully owned and operated by Vietnam.

Additionally, the project targets the development of at least five new large-scale data centers that meet international green standards.

These efforts are intended to position Vietnam as a primary regional data hub and ensure high-speed, reliable, and secure connectivity for the nation’s ongoing digital evolution.