Vietnam is among countries in Southeast Asia with the fastest growth rate of the digital economy, estimated to be at US$19 billion in 2019.

The digitalization process would offer policymakers various tools to continue the reform process and bring more benefits for the people and businesses.

The development of the digital economy would help Vietnam surpass the low-middle income threshold by 2025, reach the upper-middle-income status by 2030, and join the high-income group of countries by 2045.

The Government announced an action plan for economic restructuring during the 2021-2025 period for Vietnam to close its gaps with regional countries.

Digitalization is a key drive for innovation and the foundation of a modern economy, said Prime Minister Pham Minh Chinh.