Such figures show that Vietnam has a golden opportunity to promote the internet economy, especially digital transformation platforms in the digital economy. The Vietnamese government aims to have the digital economy contribute 20% of GDP by 2025 and 30% by 2030. Recently, the Prime Minister issued the decision to approve the national strategy on digital economy and digital society development, and selected October 10 as National Digital Transformation Day.

Vietnam's internet economy reaches 21 billion USD in 2021 and accounts for 5% of GDP.

Currently, ministries and agencies are making determined efforts to accelerate digital transformation to fulfil the 2025 target. Some sectors are witnessing smooth-sailing progresses while certain traditional sectors are facing numerous difficulties. Therefore, digital transformation should rely on unity, sharing and connectivity. People and enterprises need to join hands in the efforts to raise the contribution of the digital economy.

In the past two years of being affected by Covid-19, many enterprises have undergone rapid changes and digital transformation has created a new resource, namely data, which has become a resource for the digital economy to grow and open a new space for development.

It is both an opportunity and a challenge, because collecting data is already not easy, and how to put such data into use is another challenge for localities and enterprises. Once again, data will open new development opportunities for Vietnam, a country with a large population and a fast-rising number of enterprises.

After two years of implementing the National Digital Transformation Programme, preparations are nearing completion. To date, the majority of agencies and localities have formulated their digital transformation plans. Awareness about digital transformation has been increased in agencies and local governments at all levels as well as most sectors of the economy. National databases are being formed and are growing rapidly, from demographic data to corporate, land and insurance data.

However, Vietnam’s new development space lacks planning and well-designed combinations. Data is scattered and not open enough; human and financial resources for digital transformation are not concentrated; and digital transformation platforms and solutions are being developed without any planning or orientation.

International experience suggests that in order to accelerate the digital economy, it is necessary to have the joint efforts of all ministries, agencies, localities and especially the business community. In Vietnam, 95% of enterprises are small and medium-sized enterprises (SMEs) with a fast rate of digital transformation rate, but their foundation and internal strengths remain limited. Enterprises specialising in IT and digital transformation should take action to approach SME customers in order to promote digital economic development.

Digital technology companies are making efforts to develop high-quality digital transformation platforms and solutions, to invest in and accelerate the application of new technologies, as well as to collaborate to create a digital ecosystem to assist government agencies and enterprises with digital transformation. Enterprises have pledged to stand ready to work with the government, ministries, agencies and localities to develop the digital economy and accelerate digital transformation.

PM calls for more efforts to accelerate digital transformation

Digital transformation is a driving force for innovation and a foundation for a modern economy, Prime Minister Pham Minh Chinh affirmed as he chaired the National Committee on Digital Transformation’s second meeting on April 27.

Bac Giang focuses on digital transformation to improve investment environment

(BGO) - The Department of Planning and Investment (DoPI) is one of the top leading departments in the number of documents handled on the online public service at level 3 and 4 in Bac Giang province. Also, the DoPI has implemented many solutions to support business in digital transformation, helping improve investment environment and enhance competitiveness capability.

Bac Giang accompanies digital transformation businesses

(BGO) - Implementing the Prime Minister’s Directive No. 01 dated January 14, 2020 on promoting the development of digital technology enterprises and Resolution No. 111 dated June 11, 2021 by the provincial Party Committee on digital transformation in Bac Giang province in the 2021-2025 period, with an orientation to 2030, many businesses in Bac Giang province have boldly conducted digital transformation in governance, thus saving costs and time, and improving labor productivity.

Vietnam to become second largest digital economy in Southeast Asia in 2025: experts

Vietnam can become the second largest digital economy in Southeast Asia in 2025, while the country’s e-commerce market will draw more large-scale businesses, forecast experts at an online seminar in Ho Chi Minh City on April 20.

Bac Giang city prioritizes digital transformation to serve citizens and enterprises

(BGO) – Defining industry, commerce and service as important factors to boost up urban economic development, the People’s Committee in Bac Giang city (Bac Giang province) has focused on implementing digital transformation solutions, improving the investment and business environment, enhancing competitiveness index to attract potential investors. 

Source: NDO