Minister Nguyen Manh Hung talks about the three pillars of Vietnam's digital economic development

According to Minister of Information and Communications Nguyen Manh Hung - Vice Chairman of the National Committee on Digital Transformation, to develop Vietnam's digital economy, it is necessary to build digital institutions, digital infrastructure, and digital trust. It is necessary to integrate the digital economy into all industries and fields, implement digital governance and train digital skills, digital human resources, and attract digital talent.

Minister of Information and Communications Nguyen Manh Hung - Vice Chairman of the National Committee on Digital Transformation. Photo: MIC

Digital economy has a growth rate 3-4 times higher than GDP growth

According to Minister Nguyen Manh Hung, digital economy is all activities based on or innovated by digital technology , digital infrastructure, digital platforms, digital products, digital data, digital institutions, digital skills. Digital economy is characterized by online transactions, a virtual world, no paperwork, no cash.

Every business uses e-commerce and digital technology to improve productivity, create new services and new jobs. Workers have digital skills to work. People confidently and safely use digital services.

The government provides online, easy-to-use public services, using data to tailor services to the individual needs of the people. The government creates an online living and working environment, creating trust in the digital economy.

Vietnam's digital economy is one of the three pillars of national digital transformation, including digital government, digital economy and digital society.

Vietnam identifies digital transformation as a new development method to help accelerate and shorten the process of industrialization and modernization of the country. Industrialization is digital transformation in the processing and manufacturing sector. Modernization is comprehensive digital transformation, including economy, culture, society, politics and environment.

According to Minister Nguyen Manh Hung, Vietnam's digital transformation is for the entire population and comprehensive. The goal of digital universalization is identified as important. Vietnam has nearly 100,000 community digital technology teams that go to each village to guide people in digital transformation.

Digital transformation is fast-growing because it creates a digital economy with a growth rate 3-4 times higher than GDP growth. Digital transformation is sustainable development because it consumes fewer resources and generates new resources, which are data.

Digital transformation increases the resilience of the economy because the digital environment has no distance, no contact. Digital transformation is inclusive development because anyone, anywhere, with mobile signal and smartphone can access all digital services, no one is left behind.

Protecting prosperity in cyberspace

Minister Nguyen Manh Hung emphasized that any country that wants to prosper must prosper in cyberspace. To develop Vietnam's digital economy, it is necessary to build digital institutions, digital infrastructure, and digital trust. The digital economy must be based on digital innovation, must integrate the digital economy into all industries and fields, must implement digital governance, must train digital skills, digital human resources, and attract digital talent.

To grow faster and higher, we need new space, new productive forces, new productive resources, new production factors, and new driving forces. The new space is the digital economy. The new productive force is digital technology. The new productive resources are digital human resources. The new productive factor is digital data. The new driving force is digital innovation.

Data is the greatest resource of the digital economy. The future wealth of a nation is reflected in data.

The digital economy does not stand alone but is an integrated economy, standing within the real economy, integrated into the real economy, making the real economy more efficient and of higher quality. The digital economy and the real economy complement each other, not replace each other.

New things always need new institutions. That is digital institutions. Digital institutions play a role in creating digital development. It ensures that digital activities and transactions are legal and protected by law.

The Minister of Information and Communications said that new things always come with new risks. Therefore, ensuring safety and security in cyberspace, as well as solutions to minimize the negative impacts of digital technology, are part of the digital transformation and digital economy strategy. Vietnam must protect its prosperity in cyberspace.

The goal of digital economic development is to make people richer. The goal of digital social development is to make people happier through digital technology. This is an important and unchanging goal in the process of developing Vietnam's digital economy.

Digital technologies, especially artificial intelligence, must be used properly and ethically to achieve human-centered goals.

Laodong.vn