10:01 | 04/04/2022

By 2030, will Vietnam strive to develop the digital economy to reach 100% of enterprises using electronic contracts?

Recently, the Prime Minister of Vietnam issued Decision 411/QD-TTg in 2022 approving the national strategy for development of digital economy and digital society by 2025, orientation towards 2030. Notably, does Vietnam set the goal of striving to develop the digital economy to reach 100% of enterprises using e-contracts?

The national strategy for development of digital economy and digital society by 2025, orientation towards 2030 was approved in Decision 411/QD-TTg in 2022 with notable contents on Vietnam's development of digital economy below.

By 2030, will Vietnam strive to develop the digital economy to reach 100% of enterprises using electronic contracts?

Đến năm 2030, Việt Nam phấn đấu phát triển kinh tế số đạt 100% doanh nghiệp sử dụng hợp đồng điện tử?

According to the Decision, the current context is an opportunity Vietnam needs to quickly seize and take drastic actions to develop digital economy and digital society, develop new business lines, open up new markets and create more new jobs, thereby making a breakthrough to change the national ranking. Development digital economy and digital society is a high priority in the National Development Strategies. The institution, infrastructure, human resources, the people and enterprises play an important role in the development of digital economy and digital society. Digital technology and digital data naturally permeate all aspects of production and business of enterprises and the people's lives.

Visions of development of digital economy and digital society by 2025, orientation towards 2030 are as follows:

- Digital development, with the creation of growth based on inputs that are digital technology and digital data, has become one of the new mainstream development methods for Vietnam to develop quickly, sustainably, inclusively, adaptively and resiliently to challenges in a volatile and unpredictable world.

- Digital economy development makes people richer, contributes to helping Vietnam overcome the low-average income level by 2025, reach the high-average income level by 2030 and reach the high income level by 2045.

- Digital society development helps make the people happier, participate in more comprehensive social activities, enjoy social welfare more conveniently, contributes to making Vietnam a digital country that is safe, humane and widespread.

What is digital economy? What are the regulations on developing the digital economy with the priority focuses?

Digital economy is an economic activity that uses digital technology and digital data as main inputs, uses the digital environment as the main operating space, and uses information and telecommunications technology to increase productivity, innovate business models and optimize economic structure.

Digital economy includes: information and communications technology (ITC) economy; platform economy, which is business operation of digital platforms, digital matchmakers and online services; field-specific digital economy.

Developing the digital economy with the following priority focuses:

- The focus of ICT-based digital economy is enterprises and "Make in Vietnam" digital products, selective FDI attraction and increase of export volume.

- The focuses of platform economy is national digital platforms, which are the motive for development of field-specific digital economy.

- Focuses of field-specific digital economy development is uniform application of common digital platforms in each field and sector.

What are the primary objectives to develop digital economy by 2025?

According to the Decision, the primary objectives to develop digital economy by 2025 include:

- Proportion of digital economy to GDP is 20%;

- Proportion of digital economy in each field and industry is at least 10%;

- Proportion of e-commerce to total retails is over 10%;

- Percentage of enterprises using electronic contracts is over 80%;

- Percentage of small and medium enterprises using digital platforms is over 50%;

- Proportion of digital workforce in total workforce is over 2%.

By 2030, does Vietnam strive to develop the digital economy to reach 100% of enterprises using electronic contracts?

According to the Decision, the primary objectives to develop digital economy by 2030 include:

- Proportion of digital economy to GDP is 30%;

- Proportion of digital economy in each field and industry is at least 20%;

- Proportion of e-commerce to total retails is over 20%;

- Percentage of enterprises using electronic contracts is 100%;

- Percentage of small and medium enterprises using digital platforms is over 70%;

- Proportion of digital workforce in total workforce is over 3%.

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