數(shù)字經(jīng)濟(jì)：越南未來經(jīng)濟(jì)的增長動(dòng)力+-英

THEDIGITAL

ECONOMY:Future

Driverfor

VietnamEconomic

Growthtable

ofcontents35EXECUTIVESUMMARYPART

1:OVERVIEWABOUTDIGITALECONOMYINVIETNAM9PART

2:KEYSTAKEHOLDERSCREATINGTHEDIGITALECONOMYINVIETNAMPART

3:RISINGOPPORTUNITIESFORINVESTORSINDEVELOPINGVIETNAM’SDIGITALECONOMY38TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|2Executive

summar

yThe

digitaleconomy

of

Vietnamhas

been

fueledandacceleratedby

the

globaldigitaltrendsandeconomy.

Inthisebookedition,thedigitaleconomy

islooked

at

fromdifferent

angles.

Perspectives

fromthekey

elementscomprisingVietnamdigitaleconomy

are

examinedanddiscovered.the

pandemic

Covid-19.

Themovementof

digitaltransformation

isunderway

inevery

corner

of

Vietnamese

life,

stronglyin?uencingthe

way

people

dothings.This

ebookisstructured

as

follow1.

Overview

of

VietnamdigitaleconomyDigitaleconomy

isthe

future

ofthe

Vietnameconomy.

Realizing

thepotentialof

the

digitaleconomy,

theVietnamgovernment

has

issuedpolicies,guidelinesandcreatedlegal

frameworksto

support

andfurther

enhance

this2.

Key

componentscreatingthe

digitaleconomy

of

Vietnam3.

RisingOpportunities

for

investors

indeveloping

Vietnam’s

digitaleconomyTheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|3TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|401.OVERVIEW

ABOUT

DIGITALECONOMY

IN

VIETNAMBukht&

Heeks(2017)

offer

aAccording

to

theMinistry

ofInformation

andCommunication(MIC),thedigital

economycomprises3

key

components.1.

The

core

of

thedigitaleconomy

istheICTdigitaleconomy.

This

refers

to

theproduction

of

hardware

andsoftware,

alongwithdigitalcontent

production.

The

ICTdigital

economy

alsoincludesinformation

technology

andtelecommunication

services,withinternet

accessservices.In2020,

thedigital

economyof

Vietnam

was

estimatedto

reach

US$163

billion,comprehensive

definition

of

thedigital

economy

as“that

partofeconomicoutputderived

solely

orprimarily

from

digital

technologieswitha

businessmodelbasedondigital

goodsorservices”.InVietnam,

thedigital

economyisdefined

by

DecisionNo.

411/QD-TTG

issuedby

thePrimeMinister

asaneconomicactivitythatusesdigital

technology

anddigital

data

askey

resources,

thedigital

environment

astheprimaryoperating

space,

andinformationandtelecommunicationstechnology

to

boostlaboraccounting

for

8.2%

of

GDP.The

ICTdigital

economycontributed

US$126

billionUSD,makingup5.5%

of

GDP.productivity,

renew

businessmodelinnovation,

andoptimizetheeconomicstructure.TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|5Figure1:

InternetdigitalEconomy

forecast(Source:Bloomberg

based

on

2020

reportby

Google,

Temasekand

Bain

&Co)2.

Innarrow

scope,

theInternet/platform

digital

economy

ismadeupof

thedigital

dataeconomy,

digital

platformeconomy,

digital

services,digital

business,sharingsector

with16%.

Itisfollowedby

Indonesia(11%)andThailand

(7%).3.

Meanwhile,

theindustrial/sectoral

digital

economyof

Vietnam

in2020

stoodatUS$23billion.Theeconomy,

algorithmiceconomy,

Internet

economy,andGigeconomy.

In2020,

outof

US$163

billioninVietnamdigital

economy

value,

theInternet/

platform

digitaleconomy

generated

US$14billion.with1%of

GDP.

Asof“e-Conomy

SEA”

by

Google,BainandTemasek

2020,Vietnam

Internet

digitalindustrial/sectoral

digitaleconomy

belongsto

a

broadscopeof

digital

economy,includinge-governance,e-commerce,

e-banking,smartmanufacturing,

precisionagriculture,

andsmarttourismIn2018,

a

report

by

GoogleandTemasek

referred

to

thedigitaleconomy

of

Vietnam

asa

“dragonbeingunleashed.”O(jiān)neyearlater,

thesame

report

concludedthatVietnam

andIndonesiaeconomy

secured

atthe3rdplaceinthewholeregion,beingthecountryof

thefastest

growth

rate

inthisTheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|6are

leadingthedigital

economygrowth

of

theSoutheastAsianregion.The

Ministry

of

Information

andCommunications

(MIC)stated

thatatthecurrent

pace,

thevalue

ofVietnam’s

digital

economy

mightreach

USD57billion,

accountingfor

25-30%

of

GDPin2025.Indeed,Vietnam

isshowing

rapidexpansion

ata

CAGR

of

morethan30%intheperiod2015-2021.According

to

the2021

updateof

thisreport,

Vietnam’s

digitaleconomy

isvalued

atUS$21billionin2021,

up31%from

2020

andaccounting

for

16%

of

total

GDP.Despite

beingspontaneous,thedevelopment

of

Vietnam’sdigital

economy

hasbeenrapidandpromising

compared

toregional

counterparts.

This

canbeattributed

to

quite

developed

andadvanced

telecommunications

-

ITinfrastructure

with

widecoverageandhighuserdensity.

Also,Vietnam

hasa

large

tech-savvyyoung

population

thatcanadaptquickly

to

changeandespeciallyto

technology.VIETNAM

JAN2020Figure2:

The

CAGRofdigitaleconomy

ofVietnam

in

billion

USD(Source:Google,

Temasekand

Bain

&Co)Total

Population96.90

MMobilePhoneConnections145.8

MInternetUsers68.17

MActiveSocialMediaUsers65

MTheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|7At

thesame

time,

Vietnam

alsohasgreat

advantages

to

developthedigital

economy

andmake

abreakthrough

inthecomingtime.Vietnam’s

market

islarge

withalotof

potential

for

new

businessmodels.

Covered

by

a

large,young

anddynamicpopulation(3rd

inSoutheastAsia),Vietnampossessesa

large

workforce

intheperiodof

a

goldenpopulationstructure.

Further,

thenumberofsmartphoneandInternet

usersisincreasing,

creating

attractivemarkets

for

thedigital

economy.Located

intheheartof

SoutheastAsia,Vietnam

hasinherited

thestrong

regional

movement

ofdigital

technology

developmentandbenefited

from

thegrowinginvestment

capital

flows.

Covid19isa

globaldisaster,

butwithgoodcontrol

of

theepidemic,thisisalsoa

boostfor

digitaltransformation

anddigitaleconomy

development.TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|802.KEYSTAKEHOLDERSCREATINGTHE

DIGITAL

ECONOMY

IN

VIETNAM1.

THE

PUBLIC

SECTORThe

government

haspaidtechnology

andthedigitalattention

to

anddecidedtoprioritize

digital

economicactivities,

whichhave

beenontheriseinrecent

years.

OnMarch31,2022,

thePrimeMinisterissuedDecisionNo.

411/QD-TTg,authorizingtheNational

Strategyto

Develop

theDigital

EconomyandSocietythrough

2025,

witha

visiontowards

2030.

Theexecution

andpromotion

of

theNational

Strategy

are

assignedtotheMIC.economy.?

Ensuringcybersecurity,

privacy,anti-monopoly,

anderasinginequalityintax

liabilities.?

Focusing

oncooperation

ineducation,

humanresourcestraining

inscienceandtechnology.?

Emphasizingtheimportanceof

digital

technology

undertheCovid-19

pandemic.?

Strengthening

cross-bordere-commerce.At

theGlobalTrade

inServicesSummit2021,

PrimeMinister

PhamMinh

Chinhsetoutfive

directionsfor

developing

thedigitaleconomy,

including:?

Narrowing

thedevelopmentgapbetween

Vietnam

andothercountries,decreasingsocialinequality.Inaddition

to

suchdirectives,thegovernment

hasestablishedbroad

policiesaswell

asparticularprojects

to

helpVietnam’s

digitaleconomy

grow.

The

Government’sNational

Digital

TransformationProgram

to

2025,

witha

visiontowards

2030,

outlinesthefundamental

development

goalsfor

digital

government,

digitalsociety,

anddigital

economy

inthenational

plan.?

Further

strengthening

theroleof

international

agreementsincollaboration

ondigitalTheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|91.1.FuturegoalsofGovernmentinVietnamdigitaleconomyBefore

thespecificregulations

oftheVietnamese

government

onthevisionandmissionsto

develop

thedigital

economy,

onSeptember

27,2019,

thePolitburo

issuedResolutionNo.

52-NQ/TW

to

enhancetheFourth

IndustrialRevolution

acrossthewholecountry,

withtheoverallgoal:thesame

time,

thePrimeMinisterissuedDecisionNo.

749/QD-TTgapproving

the“National

DigitalTransformation

Program

to

2025,witha

visionto

2030”

withthegoalthatVietnam

isinthegroup

of

50leadingcountriesine-Government(EGDI).Following

theDecision411,

theVietnamese

government’s

futuregoalisto

developa

digitaleconomy

through:?

Developing

theICTdigitaleconomy

witha

focus

on“MakeinVietnam”

businessesanddigital

technology

products,intandem

withselective

FDIattraction,

andincreasing

exportcontent.“E?ectivelytakingadvantageofopportunities

fromtheFourthIndustrialRevolutiontopromotetheprocessofinnovatingthegrowthmodel,restructuringtheeconomyinassociationwiththeimplementationofstrategicnationalmodernization;stronglydeveloping

the

digital

economy,

...”?

Developing

theindustry’sdigital

economy

witha

focusonprioritizing

theuseof

sharedandunifieddigital

platformsacross

allindustriesandfields.TheResolution

hascreatedastrong

foundation

for

theindustriestowards

themovement

of

the4IR.

Hence,

onApril17,

2020,

theGovernment

issuedResolution

No.50/NQ-CP

ontheGovernment’sAction

Program

to

implementResolution

No.

52-NQ/TW.

TheResolution

alsoemphasized

onthedevelopment

of

thedigitaleconomy

anddigital

society.

AtThe

drivingforce

behindthedevelopment

of

thedigitaleconomy

inallsectors

andindustriesisa

strong

growingfoundation

witha

focus

onnationaldigital

platforms,

whichstarts

withtherapid

adoption

andsupportoftheGovernment.TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth

|

10The

future

goalsare

furtherspecifiedundertheDecision:Overall

goals

by

2025Overall

goals

2030The

proportion

of

the

digital

economyreaches

20%

of

GDP;The

proportion

of

the

digital

economyreaches

30%

of

GDP;The

proportion

of

the

digital

economy

ineach

industry

or

field

is

at

least

10%;The

proportion

of

the

digital

economy

ineach

industry

or

field

shall

be

at

least

20%;Over

10%

of

all

retail

sales

were

madethrough

e-commerce;Over

20%

of

all

retail

sales

were

madethrough

e-commerce;Over

2%

of

workers

in

the

labor

force

areemployed

in

the

digital

economy.Over

3%

of

workers

in

the

labor

force

areemployed

in

the

digital

economy.According

to

theMinister

ofThis

year,

Mr.

Nguyen

ManhHungInformation

andCommunication(MIC)-

Mr.

Nguyen

ManhHung,thissecondeconomy

hasfueledVietnam

economicindustriestofurtherimprove

anddevelop.

Inthepast2

years,

theVietnamesegovernment

hassuccessfullyinitiated

andencouragedplacesemphasisonthewideadoption

of

digital

platformsandapplications.

HeencouragesVietnamese

to

familiarizethemselves

withthedigitalenvironment,

andexpects

thenumberof

digital

usersto

grow

atleast50%

by

year

end2022.

Tomeetthisgoal,

thegovernmenthasapproved

andissuedseveralspecificpoliciesandguidelinesfor

Vietnamese

peopleandthebusinesscommunities.a

powerful

wave

of

digitaltransformation.TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|11TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|

121.2.Developinginfrastructurefordigitaleconomy1.2.1.

E-Governmentbothcitizen

andgovernment

levels.Sincethen,theGovernment

hasbuiltandimplemented

several

ofthesedatabases.In2014,

thePolitburo

issuedResolution

No.

36-NQ/

TWone-government.

The

goaloftheResolution

isto

buildane-Government

inthedirectionof

openness,transparency,andimproving

thequalityandefficiency

of

state

agencies.Theprocess

of

implementing

theResolution

hasalsobuilta

numberof

national

databases

to

serve

asthefoundation

for

e-governmentdevelopment.1.2.2.Central

Bank

Digital

Currency(CBDC)

-

A

suitable

orientation

forVietnamese

virtual

currenciesThe

State

Bankisstill

concernedthattheemergence

of

Crypto

willimpairtheState

Bank’scapacityto

monitor

interest

rates

throughmonetary

policy.

Therefore,

intheshortterm,

businessmodelsinvolving

crypto

trading

willbedifficultto

beformally

recognized

inVietnam.Inparticular,

thePrimeMinisterissuedDecisionNo.

714/QD-T

Tg

in2015

whichlisted

thesixprioritized

national

databases

fordeployment,

inaneffort

to

createane-government

developmentplatform,

includingNationalDatabase

onPopulation,

NationalLandDatabase,

National

DatabaseonBusinessRegistration,

NationalDatabase

onGeneral

Statisticsof

Population,

National

DatabaseonFinance,

National

InsuranceDatabase.

PrimeMinister

PhamMinh

Chinhstrongly

emphasizedtheimportance

of

suchnationaldatabases

asthefoundation

of

thedigital

economy

andstrengtheneddata

privacy

andcybersecurityonDigital

currencies

are

frequentlyissuedby

many

nations,

suchasthoseintheEU,

to

gradually

replacetraditional

banknotes.

Instead

ofcoinsduguponline,

thestate

willcreate

itslegalcurrency

indigitalform.According

to

Associate

ProfessorDr.

DinhTrong

Thinh,

seniorlecturerattheAcademy

of

Finance,

theVietnamese

Government

willpilotandissueanelectronic

VND(e-VND),

whichwillbea

new

typeofcurrency

andnotrelated

to

currentcirculating

virtualcurrencies.TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|13The

value

of

thiscurrency

willbeadjusted

anddecidedby

theGovernment,

notdependentonmarket

fluctuations

likecryptocurrencies.1.2.3.

Non-cash

paymentsThe

basiclegalfoundation

fornon-cashpaymentsinVietnam

isDecree

No.

101/2012/

ND-CPdatedNovember

22,2012.

4

years

later,thePrimeMinister

issuedDecisionNo.

2545/QD-TTg

approving

theProject

to

develop

non-cashpaymentsinVietnam

for

theperiod2016-2020.Digital

money

willbringmorebenefits

andfeatures

thantraditional

banknotes,

like

reducingthecostof

issuance,

printing,transportation,

inventory,

andstorage.

CBDCalsoenhancesbothindividuals’

andorganizations’accessto

financialservices,therebycontributing

to

comprehensivefinancialpromotion.

Inaddition,digital

currencies

helpbetter

controlfake

money

andotherviolationssuchasmoney

launderingandterrorism

funding.Decree

101

andDecision2545

hasbrought

many

positive

changesto

thepaymentactivities

sincetheirfirstimplementation.

Theyare

oneof

themostprominentlegaldocumentsto

promote

thetransformation

anddevelopment

ofcashlesspayments.Recently,

Draft

Decree

replacingDecree

101/2012/ND-CPonTheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth

|

14non-cashpaymentshasbeendeveloped

by

theState

Bankinaccordance

withtheDirective

No.22/CT-TTg

of

thePrimeMinister.

TheDraft

introduced

for

thefirsttimetheconceptof

electronic

money,correspondent

banking,asa

legalbasisfor

comprehensive

digitalbankingdevelopment.On

“Promoting

the

development

ofMobile

Money

in

Vietnam

Conference2022”,

Mr.

Le

Anh

Dung

-

DeputyDirector

of

Payment

Department

of

theStateBank

informed

that

as

of

March2022,

the

totalnumber

of

customersregistered

and

used

Mobile

Moneyservice

was

over

1,1

million.Meanwhile,

thenumberofAlongtheway

inpromoting

theuseof

non-cashpayments,thegovernment

strongly

emphasizedthedeployment

of

mobilemoney

inparticular.

Inthisway,

Vietnam

haslauncheda

mobilemoney

service(MMS)

pilotprogram

sinceMarch2021.

InNovember

2021,

theStateBankof

Vietnam

officially

licensedthree

carriers,VNPT,

Mobifone

andViettel,

to

pilotMMS.mobilemoney

registration

anduseinremote

area

namely

rural,mountainous,

coastal

andislandregions,

reached

nearly

660,000.This

figure

isequivalent

to

60%of

thetotal

numberof

currentcustomers.

At

thesame

time,

morethan3,000

businesspointswereestablished,

of

whichthoseinrural,remote,

border

andislandareasaccounted

for

about30%.The

Government

hasbuiltAdditionally,

over

12,800

unitsmechanismsto

manageandsupervisethedeployment

ofMMS,

whichdemonstrates

theirsubstantial

investment.

Theobjective

of

theVietnamesegovernment

indeveloping

MMSaimstowards

unbanked

usersinremote

areas.

Inthisway,

thegovernment

caneducate

distantresidents

ondigital

payment,digitalfinanceanddirect

themtowardsdigital

economy

anddigital

society.This

objective

alignswiththeaforementioned

goalof

theMICin2022.accepted

thepaymentmethodthrough

MobileMoney.

Inthisway,thetotal

numberof

transactions

byMobileMoney

servicehasreachedmore

than8.5

millionwitha

totalvalue

of

more

than370

billionVND.Further,

thegovernment

putdirectfocus

oninvestment

ininfrastructureandtechnology

for

non-cashpayment.

Many

new

andmoderntechnologies

are

appliedinpaymentsuchasfingerprintauthentication,facial

recognition,

andQRcodes.However,

theproportion

of

peopleusingcashinpaymentisstill

highcompared

to

thesettarget.TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|151.3.EnsuringcybersecurityfordigitaleconomydevelopmentInformation

securityandSpecifically,

in2019,

Vietnamranked

50

outof

175

countriesinGlobalCybersecuritycybersecurityare

regulated

bytwo

Laws.The

LawonCyberInformation

Securityprovidesregulations

for

activities

ofcyberinformation

security,

rightsandresponsibilities

of

agencies,organizations

andindividualsinensuringinformation

security.Index

(GCI)

by

InternationalTelecommunication

Union(ITU).Lastyear,

thecountryclimbedto25th.

Thus,

theGovernment

hasseta

promising

goalfor

Vietnamto

maintain

20-30th

ranking

inglobalinformation

andcybersecurityMeanwhile,

theLawonCyberSecurityprovides

for

theprotection

of

national

securityandassurance

of

socialorder

andsafety

incyberspace,

alongwiththeresponsibility

of

theinstitutionrelated

agencies,organizationsandindividuals.At

thesame

time,

Vietnam

hasdefined

strategic

objectives

ininformation

security.

Inparticular,atthecountrylevel,

2-3

R&Dcenters

ininformation

securitywillbeestablished.

Meanwhile,100%of

ministries,branchesandlocalities

ensure

informationsecurityin4

layers.

Each

agency,organization

andenterprise

hasatleastonespecialized

departmentininformation

securityprotection.And,90%of

internet

usersare

ableto

accesspersonalinformation

protection

skills.Commenting

onthosestrategicobjectives,

Dr.

Nguyen

Thanhexpressed

thatthiswillbeagreat

pressure

andchallengeforVietnam’s

information

andcybersecurityindustry.Accordingto

Dr.

NguyenanhPhuc-Directorof

the

InformationSecurityDepartment

-MIC,

thee?orts

of

the

Governmentand

relatedstate

agencies

on

the

national

legalframework

of

informationandcyber

security

haveimprovedthestanding

of

Vietnamininternationalinformationsecurity

rankings.TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth

|

16Therefore,

Vietnam

thoroughlyresearches

andtests

new

methodsof

information

andcybersecurity.onpersonaldata

protection.The

Ministry

of

PublicSecurityiscollecting

commentsfromagencies,organizations

andindividualsto

ensure

thelegalframework

for

personaldataprotection

andensure

theoperation

of

e-Government.Interms

of

personaldataprotection,

theMinistry

ofPublicSecurityhascompletedthedraft

documentto

requesttheformulation

of

a

DecreeTheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|172.

THE

STARTUP

ECOSYSTEMOnMay18,

2016,

thePrimeMinister

authorized

NationalProject

844,

usheringina

newera

inthegrowth

of

Vietnam’sinnovation

startup

sector.resources

from

domesticandforeign

investors

andorganizations.

In2020,

Vietnamishonored

to

beranked

42nd

outof

a

total

of

131countriesintheGlobalInnovation

Index.Project

844hasfocused

oncapacitybuilding,generalFurthermore,

theannualnationalevent

TECHFEST

hosted

bytheMinistry

of

ScienceandTechnology

(MOST)

alsosignificantly

contributes

tobuildinga

startup

network

inVietnam,

aswell

asbringingthespiritof

Vietnameseentrepreneurship

to

internationalfriends.

In2021,

TECHFESTannouncedVietnam’s

startupecosystem

mapwith5

centralstakeholders

asfollows:awareness,

startup

culture

transfer,andcampaigningfor

associatedlegislation

to

beimplementedbetween

2016

and2021.

Oneofitsmajorachievements

isthesuccessfulconstruction

of

theNational

Innovation

StartupPortal

providing

informationonlatest

technology,

patents,intellectual

property

assets,law,humanresources,

andinvestmentVietnam

2021

Map

forNationalInnovative

StartupEcosystemSource:TECHFEST2021TheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth

|

18Those

startup

ecosystem’s

contributors

offer

a

variety

ofsupport

programs

and

services

based

on

5

thematic

pillarsof

assessing

SME

support

policy:

responsive

government,entrepreneurial

human

capital,

access

to

finance,

access

tomarkets,

and

innovative

business

support.Interms

of

publicproviders,

MOSTisthemainentity

responsible

for2

majorincentives

inprovidinginnovation

supportanddeveloping

start-up

ecosystemsincludingProject

844andtheNational

Technology

InnovationProgramme

(NTIP)(DecisionNo.667/QD-TTg

dated

10May2011).Itisa

majorinnovation

programaimingto

boostinnovationincubators

andaccelerators

withtechnology-centric

supportunitssuchasBusinessIncubators

atHoaLachigh-tech

comlex,

HoChiMinh

CityHitech

BusinessIncubator,

DaNangincubation,SongHanIncubator,

Block71Saigonandespecially

thoseestablished

by

majorcorporationssuchasBecamex

Innovate,Viettel

Innovation

Lab,

etc.through

theapplication

of

scienceandtechnology

whichfocuses

onresearch

anddevelopment

(R&D),product

testing,

training

andhiringof

experts

inproduct

design.Publicorganizations

andstartuphubsnamely

SaigonInnovationHub(SIHUB),National

InnovationCenter

Vietnam

(NIC),NationalAssociation

of

Entrepreneurship,anduniversities-based

incubatorssuchasBKHoldingsandFTUIncubation

andIncubation

Space,alsoprovide

supportof

facilitiesandtechnologies

for

startups

togrow

andlaunchtheirideas.2021

statistics

alsoreportedThese

organizations

provide

awiderange

of

supportservicesfocusing

oncapital

schemes,skillsdevelopment

orknowledgetransfer,

technology

patentingandlicensingfor

researchers,collaboration

andmatchmakinginstruments.The

application

of

4.0

technologyisalsobrought

to

theforefrontinbuildinganinnovativestartup

ecosystem

inVietnam.The

government

hasissuedthenation-wide

TechnologyCommercialization

Projectwhichfocuses

onselecting

andsupporting

thecommercializationapproximately

40businessTheDigital

Economy

-

Future

Friver

for

Vietnam

Economic

Growth|19of

potential

research

andFollowing

theDecree,

Vietnamesebusinesseswillbesupportedupto

50

percent

of

thecostof

renting

spaceatincubatorsandco-working

spaces,butnotmore

than5

millionVND/month/enterprise.experiments.The

result

hasledtoa

new

generation

of

innovativestart-up

businesseswithnewmodelsandsolutions

to

apply

4.0technology

inmany

fields,suchas:Abivin(solutio