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Vietnams digital economy maintains a high growth rate, but the challenge is to convert the scale of growth into added value, productivity and competitiveness, especially for small and medium-sized enterprises. Download Business Forum 2026: Removing bottlenecks, turning the digital economy into a growth engine in the new era - Photo: chinphu.vnExpanding space for the digital economy At Business Forum 2026: Removing bottlenecks, turning the digital economy into a growth engine in the new era held on the afternoon of August 14, Mr. Bui Trung Nghia, Vice Chairman of the Vietnam Confederation of Commerce and Industry (VCCI) said: Resolution No. 57-NQ/TW of the Politburo on breakthroughs in science and technology development, innovation and digital transformation sets the goal that by 2030, the digital economy accounts for at least 30% of GDP. This shows that science, technology and digital transformation are placed in a direct relationship with productivity, growth rate and national competitiveness. Recently, the Government continued to issue Decision 1033/QD-TTg approving the Digital Economy and Digital Society Development Program for the period 2026-2030. According to data from the Statistics Department (Ministry of Finance) cited by Mr. Bui Trung Nghia, the proportion of added value of the digital economy in GDP in 2025 is estimated to reach 14.02%, equivalent to about 72.1 billion USD, an increase of 1.64 times compared to 2020. The double-digit growth rate has been maintained for many years, bringing Vietnams digital economy to second place in Southeast Asia and among the fastest growing digital economies. In particular, e-commerce continues to play a pivotal role, accounting for 2/3 of the scale of the digital economy. The digital economy and digital society development program for the period 2026-2030 aims to strive for the proportion of added value of the digital economy in GDP to reach about 30%; Support at least 500,000 small and medium-sized enterprises to transform digitally; have at least 5 digital technology enterprises on par with advanced countries; develop, promote and put into use at least 5 data floors. To achieve this goal, according to the Vice President of VCCI, it is necessary to develop Vietnamese digital technology enterprises to become a core force, promoting the leading role of large technology enterprises and state-owned enterprises in promoting innovation and participating in the global value chain. In addition, digital technology enterprises need to proactively apply technical standards on cybersecurity, while enhancing coordination, exchange and supply. information with state agencies in accordance with the law. From business practice, Mr. Bui Trung Nghia believes that integrating core digital activities into the production and business model can improve labor efficiency through optimizing processes, improving information processing capabilities and better exploiting technological factors. However, the business community, of which about 98% are small and medium-sized enterprises, is aware of the necessity of technology application and transformation. However, there are still difficulties in accessing credit. Limited financial resources make it difficult for many businesses to invest in machinery, technology, management software, digital data, security, automation, e-commerce, traceability and artificial intelligence applications, VCCI Vice President emphasized. According to VCCI Vice President, it is necessary to promote attracting private sector resources to develop digital infrastructure and digital governance projects, which are considered important factors to expand the space. development time and improving the efficiency of economic operations. Vice President of VCCI emphasized that the digital economy is present in all fields, the basis for digital economic development is right before our eyes. However, to grasp this opportunity, all parties need to act faster, more decisively and more creatively, towards the goal of double-digit growth. Businesses are the focus of the new digital space. Mr. Nguyen Hoa Cuong, Deputy Director of the Institute for Policy and Strategic Studies (Central Policy and Strategy Department) emphasized that the new policy space is creating a favorable legal corridor for the economy and business community to develop and effectively exploit economic potential. According to Mr. Nguyen Hoa Cuong, in the broadest sense, digital economy is the process of digitalization and application of digital platforms to all traditional industries. In other words, this is the use of tools, concepts and technological advances to expand the digital economy on a large scale. With this approach, the Deputy Director of the Institute of Policy and Strategic Studies assesses that the potential for digital economic development is still very large. In a flat world, cross-border markets help businesses connect with consumers around the world quickly. In particular, social networking and non-cash payment platforms have become effective business tools for businesses. Along with that, new resources such as AI and data are being used by many businesses, including small and medium-sized enterprises, to replace human resources and optimize inputs. Citing data from the World Economic Forum (WEF), Mr. Nguyen Hoa Cuong said that total ASEAN digital economy revenue in the period 2019-2025 has exceeded 300 billion USD and is expected to reach 1,000 billion USD by 2030. This number has can increase gDoubles to 2,000 billion USD if the ASEAN Digital Economy Framework Agreement (DEFA) is ratified. In Vietnam, about 85.6 million people use the internet and this number continues to increase over the years, contributing to promoting the development of the digital economy. According to the e-Conomy SEA 2025 Report by Google, Temasek and Bain & Company, Vietnam is the second fastest growing digital economy in Southeast Asia. The scale of Vietnams digital economy will reach 39 bill
