Digital technology projected to earn 74 billion USD for Vietnam by 2030: Seminar
Digital technology, if exploited to the maximum, can bring over 1.733 quadrillion VND (74 billion USD) to Vietnam by 2030, with the most beneficial sectors including manufacturing, agriculture and food, and education-training.
The workshop held by the Vietnam National Innovation Centre and Google (Photo: VNA)
Hanoi (VNA) – Digital technology, if exploitedto the maximum, can bring over 1.733 quadrillion VND (74 billion USD) to Vietnam by2030, with the most beneficial sectors including manufacturing, agriculture andfood, and education-training.
The information was unveiled in a report on potential of Vietnam’sdigital economy, which was presented at a recent workshop held in Hanoi.
Conducted by strategic economics consultancy company AlphaBeta,the report showed that Vietnam has many opportunities to benefit from thedigital economy.
Accordingly, the young, educated and tech-savvy population accountsfor 70 percent of its citizens under 35 years old. The literacy rate in the15-35 age group is over 98 percent, higher than the average global rate of 91percent. About 70 percent of the population uses smart phones. Vietnam alsohas the second fastest growing Internet economy in Southeast Asia afterIndonesia.
The report, meanwhile, pointed out a number of barriers inexploiting benefits from digital technology, including regulatory requirements,digital connectivity, and a shortage of digitally skilled human resources.
Co-organised by the Ministry of Planning and Investment’s VietnamNational Innovation Centre (NIC) and Google, the workshop reviewed the currentsituation and possible development of Vietnam's digital economy, as well as mechanismsand policies to promote its growth.
Speaking at the event, Deputy Minister of Planning and InvestmentTran Duy Dong said in the context of being severely affected by the COVID-19pandemic, Vietnam needs to accelerate the digital economy's development on thebasis of science-technology and innovation to improve the quality of life,productivity, efficiency and competitiveness.
World Bank Lead Economist for Vietnam Jacques Morisset recommended that it is necessary forVietnam to focus on upgrading digital skills for workers, encouragingbusinesses’ innovation, and enhancing the accessibility and quality ofinformation.
NIC Director Vu Quoc Huy said the centre has cooperated withpartners such as Google and Amazon to organise online training and capacitybuilding programmes in technology, e-commerce application, and digital transformation for domestic businesses.
He noted the building and implementation of more programmesto support innovation for businesses will be done in the time to come./.
More and more realty firms are using digital platforms to sell their products, driven by the Government's encouragement to develop local digital technology firms amid the COVID-19 pandemic.
Vietnam underlined the importance of efficiency and security in digital technology application in peacekeeping activities and the protection of civilians during an open debate of the United Nations Security Council (UNSC) held on August 18.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Under the theme “Breakthrough Era with the Development of Industrial Internet”, the event gathered over 400 delegates, including senior officials, leading Internet experts, and technology engineers from Vietnam and abroad.
The workshop held by the Vietnam National Innovation Centre and Google (Photo: VNA) 
