THE DIGITAL ECONOMY IN VIETNAM: CURRENT STATUS AND POTENTIAL OF VIETNAM - SOUTH KOREA COOPERATION

Abstract

The digital economy has received significant attention from many countries in recent years. The digital economy includes everyday economic and commercial transactions with people, businesses, and governments processed through information and communication technologies. As Vietnam's economy expands, the contribution of its internet-based or digital economy has significantly increased in recent years. To achieve a high level of digital economy, Vietnam will focus on three pillars: e-government, e-economy, and e-society. Data statistics show that Vietnam's digital economy has grown significantly over recent years. The growth of Vietnam's digital economy has been attributed to various factors, including hard and soft infrastructure. But there are significant problems for Vietnam's digital economy, such as slowing economic growth, limited infrastructure, and human capital resources. Vietnam-South Korean relations have rapidly developed over recent decades, especially in economics. Given South Korea's advanced digital economy, there are many chances for Vietnam and South Korea to cooperate in developing Vietnam's digital economy in the coming years.