Vietnam's digital economy grows fastest in ASEAN for 2 consecutive years

On the morning of July 19, Prime Minister Pham Minh Chinh, Chairman of the National Committee on Digital Transformation, chaired the Government Standing Committee conference on digital transformation.

According to the report of the Ministry of Information and Communications, the growth rate of Vietnam's digital economy has increased gradually over the years. If in 2020, Vietnam only ranked 6th in the ASEAN region in terms of digital economic growth rate, then in 2021 it ranked 3rd and in the next 2 years 2022 - 2023 it ranked 1st.

Prime Minister Pham Minh Chinh chaired the digital transformation conference on the morning of July 19. NHAT BAC

Google's report determined that Vietnam's digital economy will grow by 28% in 2022 and 19% in 2023, 3.5 times higher than the GDP growth rate.

The 2022 Artificial Intelligence (AI) Readiness Index report ranked Vietnam 55th globally, while Singapore ranked 2nd, Malaysia 29th, and Thailand 31st. In terms of global cybersecurity rankings, Vietnam ranked 25th out of 194 countries and territories ranked.

According to Vietnam's assessment, the national digital transformation index (DTI) has increased steadily over the years, reaching 0.71 points by 2022; the component indexes of digital government, digital economy and digital society still maintain a high growth rate of 45 - 55%. Regarding administrative procedure settlement and online public service provision for people and businesses, if in 2019 it only reached nearly 11%, from 2020 to now there has been a breakthrough growth, reaching 55% to date, 5 times higher than the entire period before 2020. The rate of online records in 2019 was only about 5%, at present, this rate has reached 43% (an increase of more than 8 times). Regarding digital economic development, the Ministry of Information and Communications estimates that the proportion of the digital economy in Vietnam's GDP will reach 16.5% in 2023 and 18.5% by June 2024... In his opening speech, Prime Minister Pham Minh Chinh emphasized that the 13th National Party Congress identified science, technology, and innovation as major driving forces in socio-economic development in this term and the following terms. The Politburo issued Resolution 52 on a number of policies and strategies to proactively participate in the Fourth Industrial Revolution, in which it is determined to strongly promote national digital transformation, focusing on digital economic development.

Currently, we are prioritizing growth, through renewing traditional growth drivers (investment, export, consumption) and promoting new growth drivers (digital economy, green economy, circular economy, knowledge economy, sharing economy, emerging industries such as semiconductor chips, artificial intelligence, cloud computing, etc.).

According to the Prime Minister, in the current context, high-quality production forces are science, technology and innovation, including digital transformation. Whoever grasps it will go faster, make more breakthroughs and be more effective. We have determined the motto "catching up, advancing together and surpassing" in many emerging and high-tech fields. The head of the Government also believes that digital transformation must be comprehensive and inclusive with the participation of the entire political system, people and businesses. Source: https://thanhnien.vn/kinh-te-so-viet-nam-tang-nhanh-nhat-asean-2-nam-lien-tiep-185240719093500718.htm