📋 Tender Overview
The digital economy is expected to become a growth driver, opening up new development space for Vietnam, but to turn potential into reality, strong changes from policy to implementation are still needed. Download National Scientific Conference on Vietnams economy in 2025 and prospects in 2026 - Photo: VGP On April 24, the National Economics University in coordination with the Central Policy and Strategy Committee and the National Assemblys Economic and Finance Committee organized the National Scientific Conference Vietnams economy in 2025 and prospects in 2026, and at the same time announced the publication of the annual Vietnam Economic Review. 2025. Need for more substantive digital transformation Speaking at the conference, Dr. Nguyen Duc Hien, Deputy Head of the Central Policy and Strategy Department, emphasized that in the context of unpredictable international fluctuations, countries that make good use of the digital economy will expand the development space and minimize impacts from the geo-economic and geopolitical environment. According to him, although Vietnams digital economy in 2025 is estimated to reach about 72.1 billion USD, equivalent to more than 14% of GDP, the level of diffusion still does not meet new development requirements. Dr. Nguyen Duc Hien pointed out that the current major bottleneck is the process of digitizing production industries, especially the processing and manufacturing sectors - an area that plays a key role in achieving the growth target of over 10% in the 2026-2030 period. He proposed focusing on perfecting institutions for the data economy, increasing investment in science and technology, developing digital human resources, while promoting links between the high-tech FDI sector and domestic enterprises and accelerating the digitalization of traditional industries such as agriculture, logistics, and finance. A notable proposal is to apply a controlled testing mechanism (sandbox) to new fields such as Fintech and Mobile Money to create space for innovation. From a research perspective, Prof. Dr. To Trung Thanh (National Economics University) believes that the digital economy is not just the application of technology, but a process of comprehensive restructuring of the economy based on data and innovation. He pointed out a notable fact: Vietnams growth still depends heavily on credit. By 2025, credit will increase by nearly 19%, reaching about 150% of GDP; while the contribution of total factor productivity (TFP) turned negative, showing that growth quality is still limited. According to Prof. Dr. To Trung Thanh, entering 2026, the growth target of about 10% is a challenge in the context of global economic decline. The two main driving forces are still industry - construction and services, in which processing and manufacturing play a central role. However, the core issue does not lie in speed, but in the growth model - in which the digital economy must become the axis of transformation. Clarifying this orientation, Prof. Dr. Pham Hong Chuong said that the digital economy in the future will be the locomotive of technological innovation and creativity, so it is necessary to clearly identify the connection and spillover ability between core digital economic sectors and other fields. Meanwhile, Professor Nguyen Thanh Hieu emphasized the need for institutional improvement to be accompanied by a synchronous policy coordination mechanism, avoiding fragmentation. From a business perspective, experts also pointed out a reality: many businesses are aware of the opportunities from the digital economy but do not know where to start. The data has been of interest but has not been converted into value. Therefore, digital transformation cannot just stop at technology investment, but must start from a change of mindset - considering this as investment in people, data, governance systems and connections in the ecosystem. Opinions at the conference agreed that for the digital economy to truly become a new growth engine, a synchronous approach is needed from institutions, resources to implementation, in which businesses play a central role, and the State plays the role of creating and leading the transformation process. doi.Mr. Minh See moreTPBank Chairman Do Minh Phu: Accompanying the Government to guide capital flow for growth of over 10% See moreLaunch the Action Month on occupational safety and hygiene 2026: Do not trade safety for growth See moreThe National Assembly locks in the growth target of 10%/year or more for the period 2026-2030
