Hanoi's digital economy well implemented: Expert
In Vietnam, the government aims for the digital economy to account for 20% of GDP by 2025 and more than 30% by 2030.
In Vietnam, the government aims for the digital economy to account for 20% of GDP by 2025 and more than 30% by 2030.
Singapore is set to assist Vietnam with energy transition, improve electricity connectivity, and foster digital transformation in key domains such as banking and finance, e-commerce, land and population management.
The scope of cooperation includes not only investment but also technology transfer, employee training, and the exploration of other markets.
Vietnam continues to be the fastest growing digital economy in Southeast Asia for the second year in a row (2022 & 2023).
To meet the growing demand, Vietnam needs to train around 150,000 digital professionals at universities every year.
Hoa Lac Hi-Tech Park has 52 operating projects, producing many high-tech products with a high-quality digital workforce.
In the first three months of 2023, Vietnam's digital economy grew by 13.6%, about four percentage points more than in the last quarter of 2022.
Hanoi's digital economy aims to account for 30% of the regional gross domestic product by 2030, according to the Hanoi Digital Transformation to 2025 and Vision to 2030.
Digitalization is a key drive for innovation and the foundation of a modern economy, said Prime Minister Pham Minh Chinh.
Revenue from the information and communication technology industry (ICT) has grown over the past months.
Digital financial services have seen healthy growth, especially in the adoption of e-wallets and account-to-account, fueled by both merchant adoption and consumer usage.
Opportunities are open for expanding cooperation between regulatory bodies of the UK-Vietnam on digital transformation and digital economy.
Policies to support small and medium enterprises to join the process of digital transformation are necessary.