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Driving Vietnam’s Digital Economy: Prime Minister’s Priorities

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Prime Minister Pham Minh Chinh has emphasised the urgent need for comprehensive institutional improvements to establish a robust legal framework that fosters national digital transformation and accelerates the development of the digital economy. Addressing the eighth meeting of the National Committee for Digital Transformation, Chinh, who also heads the committee, outlined key priorities to propel Vietnam’s digital agenda forward.

Image credits: Vietnam Plus

A cornerstone of the Prime Minister’s directive is the imperative to expedite the enhancement of digital infrastructure and platforms, laying a solid foundation for digital economic advancement. This initiative aims to catalyse the creation of digital data and the proliferation of digital services, while concurrently bolstering the development of digital skills and human resources to meet the evolving demands of socio-economic progress.

Furthermore, ensuring cybersecurity and information security is paramount to safeguarding national cyberspace sovereignty, a key aspect emphasised by Chinh. Efforts in this realm are geared towards protecting vital digital assets early and preemptively, reflecting the government’s commitment to digital resilience and national security.

Central to the Prime Minister’s directive is the call for heightened public awareness regarding the pivotal role of digital transformation. Encouraging public-private collaboration and leveraging public investment to catalyse private-sector participation are emphasised as strategic imperatives to mobilise all available social resources towards this transformative endeavour.

Chinh underscored the importance of allocating resources effectively to fulfil the objectives outlined in the National Digital Transformation Programme and the accompanying strategies for developing the digital government, digital economy, and digital society. Additionally, concerted efforts are aimed at elevating Vietnam’s global standing in digital governance and cybersecurity, targeting significant improvements in international indices.

In line with these objectives, the Ministry of Information and Communications has been tasked with expeditiously finalising and submitting a national semiconductor development strategy to 2030, while the Ministry of Planning and Investment is called upon to present a comprehensive project for human resources development in the semiconductor industry to the Prime Minister for approval.

The Prime Minister affirmed that digital transformation is not merely a strategic imperative but a transformative catalyst for achieving socio-economic development goals. By reducing bureaucratic burdens for citizens and businesses, combating corruption, and fostering greater efficiency, digitalisation promises to reshape Vietnam’s socio-economic landscape.

While acknowledging significant strides made in digital transformation, Chinh highlighted areas requiring urgent attention, including administrative procedure streamlining, cybersecurity enhancement, and digital infrastructure development. Notably, despite substantial progress, certain administrative procedures remain cumbersome, and cybersecurity vulnerabilities persist in several areas.

Despite these challenges, Vietnam’s digital economy continues to exhibit robust growth, with a significant contribution to GDP. The information technology industry’s impressive revenue and export figures underscore its pivotal role as a driver of economic prosperity and international competitiveness.

OpenGov Asia reported that Prime Minister Pham Minh Chinh, in his capacity as Chairman of the National Committee for Digital Transformation, had unveiled an ambitious work plan for 2024 aimed at achieving Vietnam’s national digital ambitions.

The plan focuses on boosting accountability and implementing key initiatives like the National Digital Transformation Programme and e-government strategies. It aims to develop 48,000 digital technology enterprises and increase digital platform adoption in industrial zones.

It seeks to enhance citizen engagement with online services and improve connectivity and interoperability of information systems. It prioritises expanding digital infrastructure to provide mobile broadband to all villages and hamlets, alongside measures to strengthen information security.

Prime Minister Pham Minh Chinh’s directive underscores Vietnam’s unwavering commitment to harnessing digital transformation as a catalyst for sustainable socio-economic development. By prioritising institutional reforms and strategic investments, Vietnam is poised to chart a course towards a digitally empowered future, ensuring prosperity and resilience in an increasingly interconnected world.

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