Digital technology can bring 74 billion USD to Vietnam by 2030, with the most beneficial sectors including manufacturing, agriculture and food, and education-training, according to a report on potential of Vietnam’s digital economy. 

Conducted by strategic economics consultancy company AlphaBeta, the report showed that Vietnam has many opportunities to benefit from the digital economy.

The young, educated and tech-savvy population accounts for 70% of its citizens under 35 years old. The literacy rate in the 15-35 age group is over 98%, higher than the average global rate of 91%. About 70% of the population uses smart phones. Vietnam also has the second fastest growing Internet economy in Southeast Asia after Indonesia.

The report, meanwhile, pointed out a number of barriers in exploiting benefits from digital technology, including regulatory requirements, digital connectivity, and a shortage of digitally skilled human resources.

Source: VOV5