Intelligent CIO APAC Issue 52 | Page 49

COUNTRY FOCUS : VIETNAM

digital economy and al tech innovation hub

Vietnam ' s strategic emphasis on digitalization is highlighted by its achievement as ASEAN ' s fastestgrowing digital economy in 2023 , accounting for 16.5 % of its GDP . With a national strategy aimed at advancing the digital economy and society , it is projected that Vietnam ’ s digital economy will account for 20 % of its GDP by 2025 and 30 % by 2030 .
Vietnam ' s government also identified AI and semiconductors as a critical national industry , aiming to attract both foreign investment and local startups to foster innovation in AI research and implementation . The semiconductor sector alone is projected to grow by 6.7 % annually , supported by global deals and investments in design , packaging , and production . These efforts are further strengthened by Vietnam ’ s young ,
Vietnam ’ s strategic emphasis on digitalization is highlighted by its achievement as ASEAN ’ s fastestgrowing digital economy in 2023 .
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