Positioning "innovation in the new context"
It can be said that never before has the development of science and technology, innovation, and digital transformation received such strong attention and decisive political determination from the Party and the State as in the past two years, specifically from December 2024 to the present.
Firstly, Resolution No. 57-NQ/TW on breakthroughs in national science , technology, innovation, and digital transformation has created a crucial political and legal foundation for the country's rapid and prosperous development. To concretize this resolution, the National Assembly quickly issued Resolution No. 193/2025/QH15 on piloting special mechanisms and policies to create breakthroughs in national science, technology, innovation, and digital transformation. Following this, the Government issued Resolution No. 03/NQ-CP on the Action Program to implement Resolution No. 57-NQ/TW, and most recently, Resolution No. 05/2025/NQ-CP on the pilot implementation of the cryptocurrency market. The "railway" is ready; all that remains is for Vietnamese businesses and entrepreneurs to "roll on"!
Innovation in businesses now needs to be repositioned to suit the new circumstances.
First, innovation is a long-term strategy, not a short-term cost-saving tactic. Resolution 57-NQ/TW emphasizes innovation and digital transformation as breakthroughs to upgrade productivity and competitiveness. For businesses, this translates into specific goals in their 3-5 year plans: the proportion of revenue from new products/services, the percentage of spending on research and development (R&D) and data, a shortened product lifecycle, and a rapid iterative learning and scaling rate.
Secondly , innovation is driven by data and intellectual property. "Buying technology" is no longer enough; businesses must master data, algorithms, processes, and designs, and know how to protect and commercialize intellectual property rights. In the context of cryptocurrency pilot programs, new property rights (patents, designs, anonymized data, carbon credits, digital revenue rights, etc.) have the opportunity to become financial commodities for transparent fundraising.
Third, innovation involves controlled risk. The spirit of the resolutions is "supervised experimentation": a willingness to allow new approaches, but data discipline, consumer safety, and cybersecurity are prerequisites. For entrepreneurs, this means the ability to design measurable trial-and-error mechanisms, control legal, technological, and market risks, and know when to stop when a hypothesis is no longer valid.
Fourth, innovation is linked to public-private goals. Innovation is not just about the profit of individual businesses, but also about the economy 's capacity to absorb technology, the quality of public services, and the welfare of the people. Therefore, entrepreneurs become co-creating partners with the State in tasks related to digital healthcare, digital education, precision agriculture, green logistics, and smart urban management.
The institutional framework is in place; entrepreneurs are at the center of its implementation.
Resolution No. 57-NQ/TW lays the foundation: institutions lead the way, making data the primary means of production, the State plays a facilitating and leading role, and businesses and people are the central actors; thereby expanding the testing ground for new technologies and business models, encouraging venture capital funds, linking research institutes, universities, and businesses, and standardizing the measurement of innovation effectiveness.
Resolution No. 193/2025/QH15 supplements a specific "toolbox" for science and technology, with more flexible financial mechanisms for research and development; greater autonomy in using research results; and the promotion of knowledge commercialization and results-based resource allocation. This serves as leverage for the private sector to absorb and transform knowledge into products and markets.
Resolution No. 05/2025/NQ-CP opens a new capital channel for innovation, as intellectual property rights, data, etc., can be digitized according to information disclosure, custody, and monitoring standards. Businesses have more options for raising capital besides traditional credit, equity, and bonds. More importantly, this market forces businesses to be transparent with data and standardize ownership rights, thereby improving the quality of governance.
To concretize the spirit of the resolutions on innovation, businesses and entrepreneurs need to set revenue targets from new products, spending on R&D and data in their annual budgets; measure time to market, cost per trial, trial success rate, and early user retention rate. Without measurement, management is impossible; without management, expansion is impossible.
To transform data into productive assets, businesses need to invest in data. Specifically, they must cultivate a culture of "think big, act boldly, and take responsibility" coupled with integrity; all experiments must be transparent—hypothesis, data, and success indicators—and comply with intellectual property laws, consumer protection, and cybersecurity. Data integrity is not only for compliance but also a competitive advantage when accessing new capital markets.
Innovation today is no longer a slogan, but an operational discipline. Businesses need three pillars: transparent measurement, supervised testing, and smart fundraising. Building on the resolutions that have paved the way, entrepreneurial spirit is demonstrated in how people, technology, data, and markets are organized to transform ideas into growth.
Starting with small things—standardizing measurements; data governance; linking research institutions, universities, and businesses; protecting intellectual property; and building a culture of accountability—will create big habits. When innovation becomes the norm, national productivity will automatically kickstart, propelling Vietnam into a phase of high-quality growth .
Source: https://daibieunhandan.vn/su-menh-cua-doanh-nhan-viet-duoi-khung-the-che-moi-10390115.html
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