The Impact of Digital Transformation on Economic Growth in Vietnam
Published: July 28, 2026
Abstract
This study examined the relationship between digital transformation and the economic growth of major cities in Vietnam. Data on local gross domestic product (GRDP), investment capital, and the labor force were collected and calculated from the statistical yearbooks of several cities and provinces, including Hanoi, Quang Ninh, Vinh Phuc, Hung Yen, Ho Chi Minh City, Binh Duong, and Dong Nai, in the period from 2015 to 2022. Data on digital transformation are indicators such as the readiness index for information technology application and development, the information technology infrastructure index, the information technology human resource index, and the information technology application index. Based on the study’s findings, several implications were proposed for businesses and the government to enhance and facilitate digital transformation efforts nationwide.
Keywords
digital transformationeconomic growth
References
1.
Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 83(1), 115-143.
2.
Finger, G. (2003). Digital Convergence and Its Economic Implications. Development Bank of Southern Africa. Available at https://www.dbsa.org/sites/default/files/media/documents/2022-11/Digital%20Convergence%20and%20its%20Economic%20Implications%20-%202014.pdf
3.
Jain, S. (2018). US $320 billion by 2030: The potential impact of AI in the Middle East, PwC. Available at https://www.pwc.com/m1/en/publications/documents/economic-potential-ai-middle-east.pdf
4.
Romer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94(5), 1002-1033. https://doi.org/10.1086/261420.
Ủy ban Quốc Gia về chuyển đổi số (2023). Kế hoạch hoạt động của Ủy ban Quốc Gia về chuyển đổi số năm 2023.
6.
Hà Quang Thụy & cộng sự (2020). Kinh tế số: Bối cảnh thế giới và liên hệ với Việt Nam. Truy cập tại https://uet.vnu.edu.vn/kinh-te-boi-canh-gioi-va-lien-voi-viet-nam/
7.
Duval, R., Eris, M., & Furceri, D. (2010). Labour Force Participation Hysteresis in Industrial Countries: Evidence and Causes. Available at https://web-archive.oecd.org/2012-06-14/101068-46538691.pdf
8.
Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics 30(1), 65-94. https://doi.org/10.2303/1884513.
Kvochko, E. (2013). Five ways technology can help the economy. Available at https://www.weforum.org/agenda/2013/04/five-ways-technology-canhelp-theeconomy.