Measuring the digital economy in Vietnam

Dang Thi Viet Duc, Tran Tho Dat, Dang Huyen Linh and Bui Xuan Phong

Telecommunications Policy, 2024, vol. 48, issue 3

Abstract: This study uses the concept of digital spillover and a panel model to measure the GDP contribution of Vietnam's core digital economy and digitalized economy. The proposed model is suitable for the case of countries, especially developing countries, with limited data. The calculations and analysis give three main results. Firstly, the scale of Vietnam's core economy has increased rapidly over the past 14 years. In 2007, the share of the core economy in GDP was only 1.45%. In 2019, this number increased to 7.08%. Second, the scale of Vietnam's digitalized economy grew significantly from 2007 to 2019. In 2007–2011, the digitalized economy accounted for 4.90% of GDP. This number increased to 11.56% for the period 2016–2019. Third, the growth of the digitalized economy is mainly based on the growth of the core digital economy. Therefore, the digital spillover effect in Vietnam's digitalized economy during the 13 years has only slightly changed. This study implies that Vietnam needs policies to develop the core digital economy and especially promote digital transformation to achieve the national digitalized economy goal of 20% of GDP by 2025 and 30% by 2030, respectively.

Keywords: Digital economy; Measurement; Core digital economy; Digitalized economy; Vietnam (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0308596123001945
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:telpol:v:48:y:2024:i:3:s0308596123001945

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/30471/bibliographic
http://www.elsevier. ... /30471/bibliographic

DOI: 10.1016/j.telpol.2023.102683

Access Statistics for this article

Telecommunications Policy is currently edited by Erik Bohlin

More articles in Telecommunications Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().