Digital economy expected to add 30 percent to GDP by 2030

This is one of the targets set in the draft national strategy on the Fourth Industrial Revolution by 2030.

According to the strategy compiled by the Ministry of Planning and Investment, Industry 4.0 had caused changes to socio-economic activities, opening up both opportunities and challenges to global economies.

Many countries have already implemented plans and policies to exploit the benefits and overcome the challenges of the Fourth Industrial Revolution to boost economic growth and improve competitiveness.

Photo for illustration. Source: baodauthau.vn

The strategy said Industry 4.0 would help the country renew its growth model and restructure the economy as well as create breakthroughs for modernization.

It aims to bring Vietnam into the top three digital governments in ASEAN by 2030. Meanwhile, 5G network coverage would be available nationwide.

To realise these targets, the strategy maps out six solutions including improving institution quality and policy-making ability; developing connection infrastructure and data exploitation; developing human resources; building e-Government toward digital Government; developing and improving national innovation ability; and investing and developing basic 4.0 technology.

Industry 4.0 was also expected to create 1.3-3.1 million jobs by 2030.

Source: VNA