KEY POLICY RECOMMENDATIONS FOR ENHANCING THE DIGITAL ECONOMY IN VIETNAM
KEY POLICY RECOMMENDATIONS FOR ENHANCING THE DIGITAL ECONOMY IN VIETNAM

Summary/Abstract: The digital economy has become an integral part of global GDP, and Asia is well known as an active and growing region that exhibits rapid digital economic development, and that will become the centre of the global digital economy and digital technology. This article seeks to investigate the significant factors influencing digital economy and to propose policy measures to tackle this issue. The study’s method applies quantitative research and focuses primarily on interviewing economic experts based on real data, to gauge the factors that affect the digital economy. The authors analysed the impact of various factors on the digital economy in 5 large Vietnamese cities. The authors still develop and implement the framework of the structural equation model. Based on the survey of 800 economic experts, the data sources included interviews were through directly interviewed survey tools on the basis of standardised questions. Analysis is done using software packages including SPSS version 20.0 and Amos. The results and value addition of the study suggest that there are eight relevant factors which contribute to the digital economy on a Level of 0.01 and a range of eight accepted hypotheses (2). The report covers eight major drivers of the digital economy. The innovation underscores the critical significance of the telecommunications and information technology infrastructure to Vietnam’s digital economy. The model is also applicable to the analysis and assessment of the effect of some of the factors on the digital economy using a useful reference for the agencies, researchers, experts, and economic managers. They also recommended policy proposals to stimulate the digital economy.

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