Vietnam aims for 100,000 digital firms by 2030

Vietnam aims for 100,000 digital firms by 2030

Vietnam expects the number of digital businesses to increase to 70,000 by 2025 and 100,000 by 2030, Ministry of Information and Communications stated in a draft national strategy on digital businesses.

The development of the national strategy is a step forward to the realization of the Prime Minister’s Directive No. No.01/CT-TTg dated January 14, 2020 on promoting digital businesses in Vietnam.

The workforce of digital businesses is expected to increase to 1.2 million over the next five years and 1.5 million by 2030, read the draft strategy.

These businesses’ annual export value would grow by 10-20% in 2020-2025 period and 20-30% beyond 2025.

By 2030, digital businesses are expected to account for 10% and 20% of GDP by 2025 and 2030, respectively.

The draft strategy sets goal to bring Vietnam into top three countries in ASEAN and top 70 in the world for technology and innovation ranking by 2025 and top two in ASEAN and top 50 in the world by 2030.

At present, Vietnam is home to about 43,000 enterprises operating in the information and technology sector together with 17,000 others doing business in distributing and providing IT products and solutions.

Source: VGP

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