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Vietnam on course for digital: transformation by 2045 for new prosperity!
Celle reports on Vietnam's digital transformation by 2045, modernizing the economy and promoting innovation.
Vietnam on course for digital: transformation by 2045 for new prosperity!
In the digital age, Vietnam is well on its way to establishing itself as a pioneer in digital transformation. M. Nguyen Hong Son, deputy chief of the Central Policy and Strategy Committee, recently emphasized that digital transformation is a key strategy for the country to become a developed country by 2045. These efforts are not only necessary but also urgent, as the economic report from vietnam.vn shows.
One of the key insights is the prominent role of productivity in economic development. Over 55% of the country's economic growth results from the totality of productivity factors. Currently, labor productivity in Vietnam is at a much lower level than in other countries: it is only a tenth of that in Singapore and three quarters of that in China. To increase competitiveness, exports of high-tech products must reach at least 50% by 2045, and the digital economy should account for at least 30% of gross domestic product (GDP).
Strong focus on digitalization
The Vietnamese state has already launched programs aimed at driving digital transformation, particularly for small and medium-sized businesses and households. A current draft law stipulates that 50,000 small and medium-sized companies and 5,000 technology companies can increase their productivity by 20 to 30%. One particularly notable plan is to help one million households successfully transition their businesses.
Digital modernization is also moving into healthcare. Hospitals in Ho Chi Minh City are making great strides in digitalization, increasing both efficiency and patient satisfaction. This is strongly supported not only by the authorities but also by the population. It can be said that Vietnam is at the forefront with a young and tech-savvy population as well as exciting initiatives in fintech and e-commerce, as lecourrier.vn reports.
National plan for innovation and digitalization
In this context, Vietnam is pursuing a clear strategy to promote research, development and the application of artificial intelligence. The ambitious goal: to become a center for innovation and development in Southeast Asia by 2030. A strong network of partnerships between the public and private sectors should support and advance these ambitions. The national strategy calls for Vietnam to be among the top 50 nations in e-government and digital economy and among the top 3 in digital innovation in Southeast Asia.
The digitalization of public services is also a positive sign. Vietnam's Social Security has successfully digitized 100% of its public online services, resulting in a huge increase in efficiency: the processing time of administrative procedures has been reduced by 86%. Developments in digital trade are also notable, with sales increasing from $14 billion in 2021 to $20.5 billion in 2023, underlining the dynamism that Vietnam is showing in digital transformation, as vovworld.vn determines.