Digital economy set to account for approximately 30% of GDP by 2030

VOV.VN - Prime Minister Nguyen Xuan Phuc has moved to adopt the National Strategy on the Fourth Industrial Revolution to 2030, with a target set for the digital economy to account for roughly 30% of Vietnamese GDP by the end of the period.

The strategy has been designed in an effort to implement the objectives detailed in the Politburo's Resolution No. 52 regarding a number of policies and guidelines relating to engagement during Industry 4.0.

In line with the scheme, the nation is poised to maintain the World Intellectual Property Organization (WIPO)'s Global Innovation Index (GII) ranking among the world's leading 40 countries.

Furthermore, the nation also aims to be among the top 30 countries in the International Telecommunications Union (ITU)’s Global Cybersecurity Index, in addition to being among the top 50 countries in the UN's E-Government Index. Most notably, the digital economy is set to make up approximately 30% of GDP whilst the average labour productivity is due to increase by over 7.5% annually.

The country will also popularise fiber optic broadband Internet and 5G mobile network services in a bid to complete the construction of a digital Government.

Moreover, a number of smart urban chains will be developed in key economic regions across northern, southern, and central parts of the country to increase connections with smart urban networks throughout the region and the world in the near future.