Vietnam Targets Green Growth and Digital Transformation

Vietnam is utilizing diplomatic channels to secure future raw material supplies. Officials have conducted mass visits to various countries including Japan, Qatar, Angola, and Algeria to discuss resource security. These efforts aim to mitigate risks from potential future crises. The strategy is being described as bamboo diplomacy. The country maintains a delicate international position, often weighing decisions carefully to balance global relations. This approach includes a nuanced stance regarding Russia, where Vietnam has avoided direct criticism of the war in Ukraine while simultaneously issuing statements supporting national sovereignty. The strategy aims to manage production costs and personnel training requirements. The country is attempting to strengthen cooperation with various international partners through targeted foreign policy. This approach seeks to decouple specific resource-related cooperation from broader regional tensions, such as those in the South China Sea. The strategy aims to maximize benefits from each individual partner relationship. The Ministry of Industry and Trade is drafting a national commercial strategy focused on innovation, digital transformation, and green growth. This strategy aims to increase the value and rebrand the Vietnamese national brand.