1. Introduction
Vietnam is on a strong development trajectory in technology and innovation, as highlighted in the latest Vietnam Innovation Report. This article will delve into the details of Vietnam’s Internet Index, the growth of the digital economy, and achievements in innovation.
2. Vietnam Internet Index
According to the latest Vietnam Innovation Report, Vietnam has:
- Total population: 99.19 million.
- Mobile connections: 168.5 million (169.8% of the population).
- Internet users: 78.44 million (79.1% of the population).
- Social media users: 72.70 million (73.3% of the population).
Additionally, the daily time spent using the Internet by Vietnamese people is:
- Across all devices: 6 hours and 18 minutes.
- On mobile phones: 3 hours and 30 minutes.
- On computers and tablets: 2 hours and 47 minutes.
- Total time spent using smartphones: 5 hours and 15 minutes.
These figures, highlighted in the Vietnam Innovation Report, indicate a large portion of the Vietnamese population is engaging in online activities, creating a solid foundation for the growth of the digital economy.
3. Vietnam’s Digital Economy
Vietnam has the fastest-growing digital economy in Southeast Asia for two consecutive years, as noted in the Vietnam Innovation Report. Some highlights include:
- Annual digital economy growth (CAGR): Expected to reach 38% in 2021 and continue to grow robustly until 2030.
- Digital payments: The highest growth in the region with a 19% year-on-year increase.
- Online shopping: 42% of users made digital payments, and 40.4% made purchases online.
- These factors, discussed in the Vietnam Innovation Report, show that Vietnam is effectively leveraging opportunities from the digital economy for sustainable development.
4. Vietnam Innovation Index
The Vietnam Innovation Report details significant milestones in innovation for Vietnam:
- Ranking: 46th among 132 countries and economies in the Global Innovation Index (GII) 2023.
- Top 3: Consistently in the top 3 innovation overperformers for 13 consecutive years.
- Top 10: Leading in new mobile app downloads for two consecutive years.
- Growth in digital platform users: Increased by 46% year-on-year.
This development, highlighted in the Vietnam Innovation Report, demonstrates that Vietnam is increasingly attracting attention and investment from international investors, affirming its position on the global innovation map.
5. Conclusion
With a strong Internet foundation, rapid growth in the digital economy, and notable achievements in innovation as detailed in the Vietnam Innovation Report, Vietnam is on track to become a leading technology and innovation hub in the region. This not only opens up new opportunities for businesses and investors but also contributes to improving the quality of life for Vietnamese people.