Viet Nam’s data exchange platform should be built on pioneering regulations, cutting-edge technologies, and a highly skilled workforce as its core drivers, said Prime Minister Pham Minh Chinh.

State President Luong Cuong proposed some major cooperation directions for the Asia-Pacific Economic Cooperation (APEC) while addressing the second plenary session of the 32nd APEC Economic Leaders’ Meeting in Gyeongju city, the Republic of Korea, on November 1 morning.

The merger of Ho Chi Minh City, Binh Duong and Ba Ria–Vung Tau has created a mega city - the new Ho Chi Minh City - opening up great opportunities to harness the core strengths of each locality and to promote the development of the digital economy.

Vietnamese Deputy Prime Minister Nguyen Chi Dung on October 28 attended the opening of the 9th edition of Future Investment Initiative (FII) conference in Riyadh, Saudi Arabia, and met with Saudi Arabian Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim as well as representatives of major Saudi Arabian corporations and investment funds as part of his working trip to the Middle East nation.

Digital transformation and the development of cashless payments are becoming key pillars of the digital economy. Viet Nam’s national target is for 80% of adults to have bank accounts by 2025, with each transaction completed by a single “touch”, which would change consumer habits and shift the economy towards transparency, modernity, and sustainability.

According to the latest statistics, the total State Budget revenue in September 2025, managed by tax authorities, was estimated at 117.6 billion VND, reaching 6.8% of the set target and equivalent to 118.8% of the same period last year.

Following the merger, Ho Chi Minh City now stands at a pivotal moment, with the opportunity to become the country’s leading hub for the digital economy and digital services. To realise this ambition, however, the city must adopt a comprehensive approach, particularly by investing in technological infrastructure and supporting businesses in accessing digital platforms.

National Data Centre No. 1 and the national database system based at this centre, launched on August 18, hold special strategic significance as they contribute to national digital transformation and the development of digital economy, society, workforce, and citizenship, said Prime Minister Pham Minh Chinh.

A seminar was co-organised by the Viet Nam General Confederation of Labour (VGCL) and the Viet Nam Chamber of Commerce and Industry (VCCI) on August 11 with the aim to discuss human resource development, which is a prerequisite for the digital economy and green growth.

After nearly 40 years of Doi Moi (Renewal Process), Viet Nam has achieved significant economic progress, escaped poverty, and moved into the group of middle-income countries. However, the current growth model is beginning to reveal its limitations.

The Viet Nam – Singapore Sustainable Trade and Innovation Forum (STIF Viet Nam - Singapore) took place on August 1 at the Singapore Manufacturing Federation (SMF) headquarters, marking a new step in digital economic and green transition between the two countries.

In recent years, Hung Yen Province has promoted the application of information technology and digital transformation, contributing to job creation, improved income, and enhanced quality of life for its people. However, in order for the digital economy to become a new growth driver, the province needs to continue identifying and resolving bottlenecks to foster innovation and creativity.

Ho Chi Minh City is one of the most vibrant digital economic hubs in the country. From traditional markets to large enterprises, all are actively embracing digital transformation.

In recent years, Vietnam's e-commerce market has expanded and become a popular business method for people and businesses.