It’s necessary to be daring and set a high goal of exporting $50 billion worth of farm produce in 2022 as agriculture is a pillar of the economy, said Prime Minister Pham Minh Chinh at a conference on December 29.

Digital transformation is taking place strongly in Vietnam. Tens of thousands of technology businesses have been established in a short time, promising to create new growth engines for the economy.

Since 2019, VinCSS has embarked on research and development of a "Make in Vietnam" ecosystem entirely on strong passwordless authentication with 07 complete solutions and is still being innovated.

According to data from the Ministry of Information and Communications, the number of mobile subscribers in 2021 is estimated at 123.76 million, including 92.88 million smartphone subscribers, accounting for about 75%.

The digital economy in Vietnam accounts for about 8.2% of GDP. The development potential of the Internet and digital economy components is still quite large. 

Vietnam expects to jump into the second position in the region in terms of digital economy, just following Indonesia, officials have said.

Vietnam, which is pursuing a policy on the development of digital technology, has set the goal of having 10 technology firms with annual revenue of over $1 billion by 2025.

A seminar took place in Hanoi on December 22 to announce the annual report on digital transformation of enterprises in 2021, which was built based on a survey of 1,300 firms and in-depth interviews with experts.

The pandemic and Industry 4.0 have opened up new directions for Vietnam’s economy, while digital transformation could be the key to unlocking and recovering the economy.

Without digital transformation, the increase in average labor productivity of Vietnam in the coming years will be only 5-6%/year, but thanks to digital transformation, Vietnam can increase labor productivity by 8-10%/year.

The financial industry is leading the way in using the cloud, but other firms in Vietnam are also using the platform for digital transformation, according to Amazon Web Services (AWS).

Economic experts say that to have human resources who can adapt to the digital economy, Vietnam must focus on training.

The goal for Hanoi is to become a green, modern and smart city by 2030.

Deputy Minister of Information and Communications Pham Duc Long at the Vietnam Internet Day 2021 spoke on the topic "Recovery and breakthrough in the era of datafication".

Consisting of three indexes for three types of businesses, the set of indicators developed by the Ministry of Information and Communications will be a common tool to assess the readiness and level of digital transformation of Vietnamese businesses.

Internet Day 2021, themed “Recovery and breakthrough in the era of datafication”, was launched in Hanoi on December 15 by the Vietnam Internet Association (VIA) in coordination with relevant agencies.

Vietnam’s technology firms are capable of creating technological solutions that solve Vietnamese problems, but they still cannot overcome users’ doubts about their products.

The Ministry of Information and Communications has announced the list of 35 national digital platforms need to be developed, and has assigned Vietnam's key tech corporations to research and create these platforms.

Small- and medium - sized enterprises are striving to boost digital transformation, based on the country’s National Strategy on the Fourth Industrial Revolution for this decade.

The digital economy has more opportunity for cyberattacks, especially from ransomware. The more businesses and users use technology online, the more opportunities hackers have to expand their attacks.