Vietnam’s digital economy projected to make up 20% of GDP by 2025

Prime Minister Nguyen Xuan Phuc has approved a national digital transformation program that will run until 2025, with a vision to 2030, whose target is making Vietnam a stable and prosperous digital society with a digital Government, a digital economy, and digital businesses that can compete globally.

By 2025, 80% of online administrative procedures should be available on smart phones and other devices. A national database which makes up the foundation of e-Government, including Population, Land, Business Registration, Finance, and Insurance, will be completed and accessible from localities across Vietnam. A database of public agencies will be created, allowing each Vietnamese citizen or company to fill out registration forms just once for all services. Vietnam intends to climb to the top 70 on the E-Government Development Index (EGDI).

The digital economy is projected to make up some 20% of Vietnam’s GDP in the near future, with the proportion of the digital economy in each economic sector reaching at least 10%. Labor productivity will likely increase at least 7% a year.

Within the next five years, Vietnam is set to be one of the top 50 countries on the information and communication technology development index (IDI), one of the top 50 countries on the global competitiveness index (GCI), and one of the top 35 countries on the global innovation index (GII).

 

Source: VOV5

 

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