Digital transformation paves way for Vietnam’s economic modernisation
With a rapidly expanding economy, a youthful, tech-savvy population, and robust government initiatives, Vietnam is emerging as a leader in digital innovation, it wrote, adding that Vietnamese businesses are increasingly harnessing technology to streamline operations, improve customer experiences, and contribute to economic growth.
A man experiences virtual reality technology at a digital transformation exhibition in An Giang province in 2024. (Photo: VNA)
Hanoi (VNA) - Vietnam’s digital transformation is paving the way for economic modernisation, business innovation, and an enhanced quality of life, according to the US-based website medium.com.
In a recent article, the website reported that, digital transformation is redefining industries across the globe, and Vietnam is no exception.
With a rapidly expanding economy, a youthful, tech-savvy population, and robust government initiatives, Vietnam is emerging as a leader in digital innovation, it wrote, adding that Vietnamese businesses are increasingly harnessing technology to streamline operations, improve customer experiences, and contribute to economic growth.
The country has outlined ambitious targets for its digital transformation, aiming for the digital economy to contribute 20% of GDP by 2025 and 30% by 2030, it noted.
Key areas of focus include developing fintech and digital payment platforms, advancing AI and IoT technology integration, delivering universal broadband and reaching full 5G coverage by 2030, and improving digital skills and workforce training.
The article stressed that Vietnam’s digital economy is expanding rapidly, driven by advancements in e-commerce, fintech, and telecommunications. The Southeast Asian nation’s IT sector is also experiencing significant growth, with a rising focus on advancements in AI, blockchain, and automation. The country’s software industry is emerging as a prominent outsourcing hub for global technology firms, offering software development and IT solutions at competitive costs.
According to the article, the future of digital transformation in Vietnam will stand out in the aspects of strengthening public-private partnerships; advancing AI, automation, and smart manufacturing; and cybersecurity and data protection.
🍷 It noted that by harnessing technology, encouraging strategic investments, and prioritising digital inclusivity, Vietnam is well-positioned to emerge as a leading digital economy in Southeast Asia./.
According to the Politburo’s resolution on breakthroughs in science, technology, innovation, and national digital transformation, Vietnam has set ambitious targets for 2030. The country aims to achieve advanced capabilities in science, technology, and innovation across several key fields, ranking among the leading nations in the upper-middle-income group.
To achieve the goals outlined in Resolution No. 57-NQ/TW, the Government has called on ministries, ministerial-level agencies, government-affiliated bodies, and provincial and municipal People’s Committees to prioritise translating these objectives into concrete actions and implementing various tasks alongside their regular duties in the coming period.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
