The MIC reported that some foreign countries have already introduced strategies and programs on digital transformation in a bid to optimizing opportunities from the Fourth Industrial Revolution (Revolution 4.0).

In Viet Nam, digital economy and digital society have been growing quite fast, supported by the well-developed telecom and IT foundation, high Internet coverage and a huge number of Internet users.

Viet Nam is located in the center of the Southeast Asian region in Asia poised to be the global hub of digital technology and digital economy.  

However, the country is coping with shortcomings and limitations, including a favorable legal system for digital economy and digital society, and especially a strategy on digital economy and digital society. 

The new strategy is expected to set a sound direction for ministries, sectors, and localities to get involved in the field. 

In 2020, Viet Nam kicked off a national digital transformation program, under which the country will renovate fundamentally and comprehensively the management and administration activities of the Government, production and business activities of enterprises, the way of living and working of the people, developing a safe, humane and wide digital environment. 

The national digital transformation program has a dual purpose of both developing digital government, digital economy, digital society and establishing Vietnamese digital businesses with global capacity./. VGP

Digital transformation and the digital economy

The fourth industrial revolution, digital transformation and the digital economy are mentioned many times in documents of the 13th Party Congress.