Digital economic development

Directive 01/CT-TTg of the Prime Minister issued on January 14, 2020 on “Promoting the development of Vietnam’s digital technology” has made the following statement: Based on many new technologies, the core As digital technology (artificial intelligence, deep machine learning, big data, blockchain, cloud computing, internet of things,…), digital transformation is creating a new development space – digital economy , digital society, e-Government. In particular, digital transformation opens up great opportunities for Vietnam to develop breakthroughs, quickly catching up with developed countries that have just started the digital transformation process.

How to develop digital economy?

Therefore, developing businesses that apply, transfer, research and develop, produce products, platforms and solutions based on digital technology – Vietnamese digital technology enterprises – to promote innovation. Innovation plays a very important role in realizing the opportunities and potentials that digital transformation brings when bringing digital technology into all areas of social life, to each individual.

Minister of Planning and Investment Nguyen Chi Dung said that over the years, the Ministry of Planning and Investment has always been active and proactive in researching, proposing and organizing the implementation of mechanisms and policies. , with a specific mission to effectively take advantage of the opportunities of the 4th Industrial Revolution.

As the permanent agency of the Socio-Economic Editorial Team, the Ministry has advised and concretized the elements of science and technology, innovation and human development as two important pillars, creating breakthrough driving force for socio-economic development in the 4th 10-year socio-economic development strategy, period 2021-2030 and 11th 5-year socio-economic development plan, phase 11 period 2021-2025 to submit to the 13th National Party Congress.

Following the model of some countries with developed economies based on digital technology enterprises, by 2030, Vietnam needs at least 100,000 digital technology enterprises to develop the digital economy and build smart cities. , e-government, widely applying digital technology achievements in socio-economic fields and implementing national digital transformation.

Aspiration for a powerful Vietnam, a market of nearly 100 million people and specific problems of Vietnam in the fields of agriculture, transport, health, education, finance, natural resources, environment.. . is a favorable premise for Vietnamese digital technology enterprises to grow and reach out to the world. The draft Political Report submitted to the 13th National Congress stated that “the development of the digital economy is initially focused”.

According to the report “Southeast Asia Digital Economy 2019”, Vietnam’s digital economy in 2019 was worth 12 billion USD (contributing 5% of national GDP in 2019), 4 times higher than the value of 2015. and is expected to reach 43 billion USD by 2025, with the fields of: e-commerce, online travel, online communication and ride-hailing technology.

The draft Political Report defines the vision: “Strengthening the people’s strength, improving the quality of human resources, attracting and using talents, promoting innovation, vigorously applying science and technology, especially the achievements of the Fourth Industrial Revolution, creating a new driving force for the country’s rapid and sustainable development”.

Accordingly, by 2025, the digital economy will reach about 20% (GDP). Thus, if Vietnam’s GDP in 2025 reaches about 450 billion USD, the digital economy must reach 90 billion USD. More specifically, in the draft report summarizing the socio-economic development strategy to be submitted to the 13th National Congress, the digital economy achieved 30% of GDP, equal to the contribution of the processing and manufacturing industry as the spearheads of the country. of economics.

To meet this goal, the draft report summarizing the socio-economic development strategy to be submitted to the 13th National Congress, proposes many solutions to strongly develop science, technology and innovation in order to create breakthroughs. to improve productivity, quality, efficiency and competitiveness of the economy.

Accordingly, focusing on perfecting institutions, policies and laws in line with the market mechanism and international practices to develop Vietnamese science; Business-centered; promoting the development of new business models, digital economy and digital society. There are economic and financial mechanisms and policies to encourage enterprises to participate in research, development and technological innovation.

Many digital technology applications are strongly and widely used, especially in 2020, when the COVID-19 epidemic has a strong impact on the world and in Vietnam, proving one thing about the utility of technology. this and Vietnam’s ability to develop the digital economy in practice. The digital economy has made many practical contributions to the integration of Vietnamese businesses into the global technology chain, as well as helping the government to run smoothly.

International and domestic conference forums have been effectively organized online in recent years, making an important contribution to ensuring that domestic and international activities take place smoothly, through most transparently, without interruption, without interruption, and also avoid the spread of COVID-19.

The application of e-government and digital government has made an important contribution to promoting and supporting the thriving digital economy. Through the COVID-19 pandemic, people’s perceptions have been changing. People are gradually applying digital in all aspects of their economic, political, cultural and social activities…

In fact, the transformation to a digital economy in Vietnam requires necessary conditions in terms of institutions, implementation apparatus and resources to implement strategic breakthroughs. It is necessary to consider the digitization of the economy as a particularly important and main driving force for the new economic growth model, and together with that it is necessary to establish early, fully and synchronously the conditions on institutions, execution machine, business environment, resources and people to enable the digital economy to thrive.

In order to successfully digitize the economy, the quality of the national governance apparatus is one of the key and decisive factors on four contents: (i) the long-term support of the State in terms of political book; (ii) the vision of the national leadership; (iii) ensuring a secure environment for the digitalization of the economy; (iv) stability for the development of the digital economy in the long term. In the draft Socio-Economic Development Strategy 2021-2030, in the section on directions, tasks and solutions for socio-economic development, it is clearly stated: “Promoting the construction of e-government to serve timely service. , effective for socio-economic development and people’s life. Implement a comprehensive national digital transformation to develop the digital economy and digital society.

It can be seen that the development of the digital economy, one of the important breakthroughs to develop the Vietnamese economy in the new situation, contributes to reducing the lagging gap of the Vietnamese economy compared to other countries. economy in the world.

Renovating theoretical thinking about the economy in the current period is focusing on strongly developing the digital economy, bringing the Vietnamese economy to a qualitative change and making a leap in the new development process. The draft documents of the 13th Party Congress, which emphasized the development of the digital economy and had a strong direction to develop the digital economy in the period of 2021-2030, is a wise and right choice. creatively applying Marxism-Leninism in Vietnam’s development practice./.