WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / SCIENCE & TECH
Seven major trends that affect Vietnam's digital economy
Anh Kiet 19:10, 2019/05/16
The mainstream trends conform a comprehensive picture to help policy makers build Vietnam`s digital economy plans.
The Data61|SCIRO under the Australian National Science Foundation has identified seven mainstream trends affecting Vietnam's digital economy future. 

The trends include the impact of emerging digital technologies, new export markets for Vietnam, the development of modern digital infrastructure, the need for smart city development, the increase in digital skills and services, and consumer behavior change.
 
Dr. Lucy Cameron talks about Vietnam's digital economy scenarios. Photo: Giang Huy
Dr. Lucy Cameron talks about Vietnam's digital economy scenarios. Photo: Giang Huy
The trends conform a comprehensive picture to help policy makers build Vietnam's digital economy plans. 

The trends are also the basis for developing four scenarios for Vietnam's digital economy by 2030 – 2045, consisting of tradition, digital transition, digital export and digital consumption. Each scenario is likely to affect Vietnam's annual Gross Domestic Product (GDP) growth.

The Data61|SCIRO and Vietnam’s Ministry of Science and Technology have also released the report on the future of Vietnam's digital economy towards 2030 and 2045. The report analyzes trends affecting the development of Vietnam's digital economy by 2045.

Dr. Lucy Cameron, senior research consultant of Data61|CSIRO, the lead author of the report, stressed that Vietnam is one of the fastest growing economies in the world and one of the most dynamic countries in East Asia.

Cameron said the next waves of digital technology such as artificial intelligence, block chain, Internet of Things, cloud computing platform-based services have the potential to transform Vietnam into the next developed economy of Asia, adding that Vietnam needs to grasp the opportunities and limit some risks.

She noted that the economy’s future depends on Vietnam's position in the region’s digital map and the application level of digital products and services by the Vietnamese government, community and industry.

The report is part of the Australian government's Aus4Innovation program, which is worth US$10 million. The program is a strategic initiative designed to strengthen the links between Australia’s and Vietnam’s innovation system. The report is the first achievement of the Aus4Innovation program between Australia and Vietnam.
Other news
18:41, 2024/12/05
Hanoi honors outstanding faces in innovation, digital transformation
The Final Round of the Capital's Innovation and Digital Transformation Products Competition 2024 aims to honor exemplary figures in innovation and digital transformation.
16:32, 2024/11/16
Land deed digitization accelerated in Hanoi
Hanoi's digital environment has been driven by a synchronized information technology infrastructure for management in the making.
18:33, 2024/10/30
Vietnam's capital boosts iHanoi usage by citizens
Hanoi will further improve the iHanoi app by adding more features to make it more user-friendly for citizens and businesses.
22:28, 2024/10/22
Technology, innovation identified as key drivers for Hanoi's growth
Hanoi is a hub for scientific and technological cooperation among many provinces and cities in Vietnam, as well as research institutions around the world.
19:10, 2024/10/17
Hanoi intensifies efforts to achieve its digital goals by 2025
In Hanoi, digital transformation is always a top priority to support management and resolution procedures for people and businesses.
22:44, 2024/09/18
Second Hanoi Technical Innovation Contest launched
The competition aims to promote the creative work in science and technology.