Vietnam resolved to boost digital economy with national action plan

Vietnam has adopted a national action plan on digital economy development, which outlines key tasks and solutions for the 2024-2025 period.

Illustrative image. (Source: VNA)
Illustrative image. (Source: VNA)

The freshly-issued plan aims to accelerate the development of Vietnam's digital economy in line with the targets set in Decision No. 411/QD-TTg dated March 31, 2022, which approved the National Strategy on Digital Economy and Digital Society Development by 2025 with a vision toward 2030.

It identifies sector-specific digital economy growth as the primary avenue for expansion, while highlighting the gradual integration of digital technologies and data as critical inputs in production and business activities across various sectors, ultimately enhancing overall efficiency and competitiveness in the economy.

The plan puts forth four major tasks and solutions, covering ICT-based digital economy, digital data, sector-specific digital economy, and digital governance.

Accordingly, information technology serves the foundational sector to drive digital economy growth. The plan also promotes the readiness of high-quality datasets as well as the circulation, sharing, and opening of data.

Priorities will be given to key sectors where Vietnam has significant potential for digital economy, including wholesale and retail, agriculture, manufacturing, tourism, and logistics.

The plan touches upon the pilot the deployment of virtual assistant platforms across ministries, agencies, and localities before scaling up. These platforms will support officials in drafting legal documents and performing public duties, assist citizens with legal matters, and provide other virtual assistant functions.

Economy

Proposed VAT reduction expected to boost consumption, businesses' growth
Economy

Proposed VAT reduction expected to boost consumption, businesses' growth

The Ministry of Finance (MoF) has proposed a 2% reduction in value-added tax (VAT) from July 1, 2025 to December 31, 2026, expanding eligibility to include fuel, petroleum, and certain technology products and services. Experts have believed the measure will stimulate consumption, support businesses, and drive economic growth.

Aquacultural cooperation exemplifies Vietnam - Cuba relations
Economy

Aquacultural cooperation exemplifies Vietnam - Cuba relations

Floating fish cages on La Juventud reservoir in Palacios town, Pinar del Rio province, stand as a testament to the Vietnam – Cuba friendship as Vietnam's tilapia farming technology has transformed this region into a key aquacultural hub, contributing to the Caribbean nation’s food security.