Vietnam sets a goal of making the digital economy account for 20 percent of the country’s GDP by 2025. (Source: cafef.vn) However, NguyenTrong Duong, Deputy Director of the Department of Enterprise Management underthe Ministry of Information and Communications, believed that with abreakthrough scenario, the Vietnamese digital economy could account for 26.2 percentof GDP in 2025.
Under thenormal development scenario, the Vietnamese digital economy will only reach10.5 percent of GDP by 2025.
To achievethis goal, it was necessary to maintain the average annual growth of thedigital economy at about 20 percent, three times higher than the expected GDPgrowth at 6.5-7 percent per year, he said.
Based onthe analysis and assessment of digital economy development, threedevelopment scenarios could be proposed for the Vietnamese digital economy by2025, said Duong.
In the normalscenario, with only average efforts for digital transformation and digitaleconomy development, the digital economy will account for about 10.4 percent ofGDP by 2025, of which ICT, telecommunications and the internet economy accountfor about 7.9 percent of GDP.
Inthe quicker scenario in which digital transformation and development ofthe digital economy are strongly promoted, the digital economy willaccount for about 19.9 percent of GDP by 2025, of which ICT,telecommunications and the internet economy account for about 13.1 percent.
In thebreakthrough scenario, digital transformation and digital economydevelopment are strongly deployed, accompanied by measures to ensure a marketbalance between Vietnamese digital enterprises and foreign counterparts. At thesame time, with policies to support Vietnamese technology start-ups, thedigital economy will account for about 26.2 percent of GDP by 2025, of whichICT, telecommunications and the internet economy account for about 16 percent.
Duong saidthat first, it was necessary to quickly develop and promulgate nationalstrategies and programmes on developing the digital economy and digital society.
Second, it wasnecessary to urgently review, amend and supplement legal regulations to improvethe legal framework, mechanisms and policies for the development of the digitaleconomy and digital society.
Third, it isnecessary to accelerate the implementation of the national digitaltransformation programme, especially solutions for skills training and digitalhuman resources development; digital transformation; and the domestic digitalmarket./.
VNA
