Vietnam Seeking to Become a Global Superpower

The Vietnam Venture Summit 2023, hosted by Vietnam's Ministry of Planning and Investment and jointly organized by Vietnam's National Innovation Center (NIC) and Golden Gate Ventures, a Southeast Asia (SEA) venture capital fund founded by Silicon Valley natives, started today with an international event. It consists of more than 1,000 business leaders and investors, all with an eye on Vietnam and its rapid rise to global economic power.

The fifth edition of this annual summit, focused on "Innovation through Adversity: Strategies for Transforming Vietnam," addressed the topic of Vietnam and its future as an investment center in 2024.

Despite the unpredictability of 2023, Vietnam's Ministry of Planning and Investment announced that the country attracted 20.21 billion US dollars in foreign direct investment in the nine months of 2023, up 7.7 percent from the same period of the last year.

"Vietnam's economic expansion has been underpinned by strong international trade relations that we have continued to reaffirm through ongoing efforts to improve the ease of investment into Vietnam and the creation of ecosystems that support innovation and digitization. Policy and partnership are key to how we have stayed on track for our National Master Plan for 2021 to 2030," said Tran Duy Dong, Deputy Minister of Planning and Investment, Vietnam.

"2023 has been an important year for demonstrating to the world that Vietnam's economic growth is built on strong fundamentals. The transformative strategies we have invested in allow us to write our own success story: one that is built on driving innovation domestically and internationally," said Vu Quoc Huy, General Director, Vietnam National Innovation Center (NIC).