Digital industry to contribute a quarter of Vietnam’s GDP by 2025

A pending project on national digital transition aims for the digital industry to contribute 25 percent of Vietnam’s GDP by 2025 and for the country to be placed fourth among ASEAN member states in terms of national digital ranking.
Digital industry to contribute a quarter of Vietnam’s GDP by 2025 ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – A pending project on nationaldigital transition aims for the digital industry to contribute 25 percent ofVietnam’s GDP by 2025 and for the country to be placed fourth among ASEANmember states in terms of national digital ranking.

The project, designed by the Ministry ofInformation and Communications, is opened for public feedback before beingsubmitted to Prime Minister Nguyen Xuan Phuc.

It consists of three phases, implementedbetween 2019 and 2030. The first phase (2019 – 2020) will focus on digitisationin socio-economic areas to boost productivity, create new development sources,build relevant infrastructure and legal framework and provide guidance forenterprises on digital transition.

The second phase (2021 – 2025) aims to turndigitisation into a part of the national competitiveness. During the period,digital transition will take place across sectors, particularly in updatingbusiness models to apply digital platforms and ecosystems and in forming valuechains.

The third phase (2026 – 2030) targets acomprehensive digital-based society and economy, with new digital industriesformed. Significant support will be funneled into technological fields like artificialintelligence (AI), Big Data, and Internet of Things.

Minister of Information and CommunicationsNguyen Manh Hung said Vietnam will announce its national digital transitionstrategy this year.

Affordable smartphones and mobile data planshave driven recent growth of internet usage in Vietnam. The country has about64 million internet users (approximately 67 percent of the population), placingit among the top 20 countries with the highest internet penetration.

Meanwhile, more and more businesses haveapplied digital technology to production, business activities and management,which is reflected in the rapidly increasing rate of new technologies such ascloud computing, AI and automation.

A survey of about 5,000 businesses inVietnam conducted by the Vietnam E-Commerce Association revealed that 43percent of enterprises used websites, 32 percent used social networks and 15percent used mobile applications to sell their products in 2018.-VNA
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