Digital technology could potentially bring over US$74 billion to Vietnam by 2030, with the most beneficial sectors including manufacturing, agriculture and food, and education training. The information was unveiled in a report on the potential of Vietnam’s digital economy, which was presented at a workshop held in Hanoi, earlier this week.
The report showed that Vietnam has many opportunities to benefit from the digital economy. Accordingly, 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 smartphones. Vietnam also has the second-fastest-growing Internet economy in Southeast Asia after Indonesia. The government has collaborated with private players to organise online training and capacity-building programmes in technology, e-commerce applications, and digital transformation for domestic businesses. Officials claimed that the government plans to build and implement more programmes to support innovation in local enterprises.