However, despite its abundant IT workforce, the country is still facing a shortage of senior professionals and personnel with deep expertise in key areas, such as artificial intelligence, data science and cybersecurity.

At the second meeting of the Central Steering Committee on Science, Technology Development and Digital Transformation on March 4, General Secretary To Lam emphasized that the shortage of high-quality human resources could become a bottleneck in development. Many Vietnamese technology companies are facing challenges in attracting and training talents, leading to dependence on imported technology and difficulties in innovation. In particular, these companies have to compete with technology "giants", such as Apple and Google, making competition in the global market more fierce.

Besides improvements in telecommunications infrastructure and the emergence of many technology startups, access to capital remains a major barrier for Vietnamese businesses in expanding and developing products. For sustainable development, important solutions are needed such as strengthening cooperation between enterprises, universities and research institutes to train high-quality human resources, as well as building a cooperation mechanism between state-owned and private enterprises. In particular, encouraging venture capital funds to invest in digital technology, along with focusing on niche areas suitable for domestic and regional markets, will help Vietnamese enterprises take advantage of local advantages and enhance competitiveness.