The Asia–Pacific should be the world’s hub of innovation and technology, with a focus on developing human resources for a digital economy and narrowing development gaps among countries.
Many challenges are causing a delay in the development of a startup ecosystem in Vietnam.
If the world's GDP growth decreases by one percentage point, Vietnam's export expansion would fall by four percentage points, but the decline in 2020 seems to be even more serious.
The government would continue to hold majority stakes at state-owned commercial banks, and maintain presence in companies operating in fields that are essential to the economy.
Major cities such as Hanoi and Ho Chi Minh City should set an example in economic recovery efforts, Prime Minister Nguyen Xuan Phuc has said.
By 2025, Vietnam targets to be among the leading 70 countries in e-government development, while the digital economy would account for 20% of total GDP.
Automation could threaten jobs and reduce wage growth for low-skilled workers.
By 2025, Hanoi would complete the digital infrastructure that serves as a platform for the development of digital government and economy.
In Asia and the Pacific government and private companies are using digital platforms to address the pandemic. They should also use them to speed their economies into recovery.
Vietnam's national digital transformation program targets 80% of the population having e-payment accounts by 2030.