The Ministry of Information and Communications has set a challenging goal of increasing the number of digital technology businesses from 64,000 to 70,000 this year.

Internet infrastructure in the country is set to receive considerable investment in 2022 to meet users’ growing demand.

Data administration capacity; access to capital, information and documents; access to experts; and costs are the major barriers to Vietnam's digital transformation.

“Make in Vietnam" is an initiative/slogan launched by the Ministry of Information and Communications (MIC) in 2019, aiming to promote development of the domestic ICT industry. 

The Fourth Industrial Revolution is taking place around the world with a boom in digital technology, creating great opportunities for but also challenges to the development of each country, enterprise, and person.

Four major goals have been obtained under the national program on TV digitization. Sixty-three cities/provinces throughout the country are covered with the second generation of Digital Video Broadcasting (DVB-T2) TV wave.

Tourism experts say that technology has become essential in hotel operations.

When talking about how digital transformation should proceed in a poor country, Ben Tre provincial People’s Committee Tran Ngoc Tam had a practical view: transformation will succeed only if people understand it and get benefits from it.

It’s necessary to be daring and set a high goal of exporting $50 billion worth of farm produce in 2022 as agriculture is a pillar of the economy, said Prime Minister Pham Minh Chinh at a conference on December 29.

Digital transformation is taking place strongly in Vietnam. Tens of thousands of technology businesses have been established in a short time, promising to create new growth engines for the economy.

Since 2019, VinCSS has embarked on research and development of a "Make in Vietnam" ecosystem entirely on strong passwordless authentication with 07 complete solutions and is still being innovated.

According to data from the Ministry of Information and Communications, the number of mobile subscribers in 2021 is estimated at 123.76 million, including 92.88 million smartphone subscribers, accounting for about 75%.

The digital economy in Vietnam accounts for about 8.2% of GDP. The development potential of the Internet and digital economy components is still quite large. 

Vietnam expects to jump into the second position in the region in terms of digital economy, just following Indonesia, officials have said.

Vietnam, which is pursuing a policy on the development of digital technology, has set the goal of having 10 technology firms with annual revenue of over $1 billion by 2025.

A seminar took place in Hanoi on December 22 to announce the annual report on digital transformation of enterprises in 2021, which was built based on a survey of 1,300 firms and in-depth interviews with experts.

The pandemic and Industry 4.0 have opened up new directions for Vietnam’s economy, while digital transformation could be the key to unlocking and recovering the economy.

Without digital transformation, the increase in average labor productivity of Vietnam in the coming years will be only 5-6%/year, but thanks to digital transformation, Vietnam can increase labor productivity by 8-10%/year.

The financial industry is leading the way in using the cloud, but other firms in Vietnam are also using the platform for digital transformation, according to Amazon Web Services (AWS).

Economic experts say that to have human resources who can adapt to the digital economy, Vietnam must focus on training.