Digital economy set to make up 30 percent of Vietnam’s GDP by 2030

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Vietnam aims to maximise opportunities brought about by the 4th Industrial Revolution. Photo: VNA

The digital economy is expected to contribute 30 percent of the national gross domestic product (GDP) by 2030 under the national strategy for the 4th Industrial Revolution recently adopted by Prime Minister Nguyen Xuan Phuc.

Accordingly, Vietnam aims to maximise opportunities brought about by the 4th Industrial Revolution, widely apply new technologies in socio-economic development, and creates new technologies to push ahead with growth model reform.

The strategy targets rapid, sustainable development based on science-technology, innovation and high-quality human resources; and better living standards of people.

The application of achievements of the 4th industrial revolution will go in tandem with the protection of cyber security.

Vietnam expects to be named among the top 40 countries in global innovation index by 2030. Photo: internet

Notably, the country expects to be named among the top 40 countries in terms of global innovation index (GII), the top 30 in cyber security index, and the top 50 in e-government index (EGDI).

Productivity is projected to expand 7.5 percent annually. Meanwhile, broadband internet and 5G services would be available nationwide.

Under the strategy, a number of smart urban chains in major economic areas throughout the country will be formed and connected with smart urban networks in the region and the world at large.

To that end, the Government has put forth a range of solutions, including improving institution quality and policy making capacity, advancing connection infrastructure, developing database and human resources, and investing in priority technologies in order to proactively engaged in the 4th Industrial Revolution./.

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