How Vietnam will achieve a digital grand slam in 2023?
In 2023, Vietnam's e-commerce market is booming, with electronic invoicing systems driving the digital transformation of enterprises; digital payments are surging and banking applications are becoming more comprehensive; the development of artificial intelligence is boosting economic growth and embracing technological innovation.。
According to statistics, in 2023, the size of Vietnam's e-commerce market reached 20.5 billion U.S. dollars, an increase of 25% year-on-year, and this strong expansion trend highlights the strong influence of the e-commerce industry on Vietnam's digital economy and leads the digital transformation of enterprises in the country.。
It is worth noting that Vietnam's General Administration of Taxation decided in 2023 that electronic invoices could be automatically generated directly from cash registers, a move that directly led to the number of electronic invoices issued in the country during the year reaching 1.04.8 billion copies, an increase of 47% over the initial period of implementation..6 times。
By the end of the year, there were 94.36% of the target enterprises (40,355 in total) have successfully adopted this innovative invoicing system, which simplifies administrative procedures while greatly reducing costs and improving the overall productivity of enterprises。Considerable results have been reported in Ho Chi Minh City, Hanoi, Tongne and Quang Ninh provinces, among others, setting a benchmark for the nationwide adoption of the programme。
To maintain and strengthen this momentum, Vietnam has also seen significant growth in the digital payments sector.。Current figures show that the proportion of Vietnamese adults with payment accounts has soared to 77..41%, a significant increase from the previous report of 31%。
Pham Tien Dung, deputy governor of the State Bank of Vietnam (SBV), noted that many banks reported that ,More than 90% of transactions are conducted through online channels, and some banks have online channel transaction rates of up to 98%In 2019, the clearing house system recorded about 700 million transactions, and in 2023 the number reached 7 billion, a 10-fold increase.。
However, the digital payment revolution is not limited to the number of transactions.。In Vietnam, the number of Internet payment transactions increased by 46 per year..48%, while mobile payments surged 90.12%。In particular, QR code payment, since 2018, the average annual growth rate of the payment method reached 471.13%。
In addition, Vietnam's banking app has evolved into a comprehensive platform where users can not only manage their finances, but also book flights, arrange taxi services and pay utility bills such as utility bills.。
As Vietnam continues to expand its digitization process, generative artificial intelligence is playing an increasingly important role in the country's technology landscape.。Dang Huang Son, vice chairman of the Vietnam Association for the Promotion of Artificial Intelligence Industry (AIID), predicts that by 2030, artificial intelligence will create 14 trillion VND (about 5.748.3 billion dollars) in revenue。
The AIID, an alliance of 17 technology-based universities and businesses, reflects Vietnam's positive attitude in bridging the gap between academia and industry.。The partnership aims to equip students with practical digital knowledge and skills, ensuring a well-equipped workforce for the evolving technology sector。
Dang Huang Son said: "The development of artificial intelligence is not just a technological advancement, but a transformative force that will reshape productivity across the country and add color to the technological careers of generations of Vietnamese.。"
The e-commerce industry, digital payments and enthusiasm for the development of artificial intelligence are Vietnam's three magic weapons in the technological revolution, and the country is fully realizing its transformative potential in artificial intelligence, continuing to embrace growth and innovation in the digital age, and becoming a new generation of technology-oriented country.。
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