On August 12, Ho Chi Minh City Department of Science and Technology, in collaboration with the University of Economics Ho Chi Minh City (UEH), organized a scientific seminar on the theme “Digital Economy – New Growth Driver for Ho Chi Minh City.”
Mr. Lam Dinh Thang, Director of the Ho Chi Minh City Department of Science and Technology, stated that after the merger, Ho Chi Minh City has advantages such as superior economic scale and population, diverse economic ecosystem, digital infrastructure, large digital consumer market, special policies, and pilot mechanisms.
Digital Economy as a New Growth Driver
In this context, developing the digital economy has been identified as a strategic orientation and a key factor in contributing to the new metropolis’s goal of sustainable growth. Based on the directions of the Central Committee, the City Party Committee, and the People’s Committee of Ho Chi Minh City, an overall target has been set for the digital economy to contribute about 25% of GRDP by 2025 and to increase it to over 40% of GRDP by 2030.
“This is an ambitious but achievable goal that aligns with Ho Chi Minh City’s potential and advantages. It aims to successfully build a dynamic, creative, and sustainably developing metropolis based on the digital economy,” said Mr. Lam Dinh Thang.
Assoc. Prof. Dr. Tran Minh Tuan, Head of the Digital Economy and Digital Society Department, Ministry of Science and Technology, spoke at the seminar, sharing some successful models that leveraged technology and digital transformation…
Assoc. Prof. Dr. Tran Minh Tuan, Head of the Digital Economy and Digital Society Department, Ministry of Science and Technology, remarked that Ho Chi Minh City has shown great determination in promoting the digital economy. Among these, a number of successful digital economic models in Ho Chi Minh City and the old Binh Duong in 2024 were implemented through the successful application of technology in production and business activities.
For example, a model piloted by the Ministry of Science and Technology in collaboration with the Ho Chi Minh City Department of Science and Technology for digital transformation in wholesale and retail in the old Phu Nhuan district involved more than 2,100 business households. The measured results showed a 16% reduction in costs and a 15-30% increase in profits for dining services. Retail stores saved 25% in operating costs by reducing staff and increasing new customers by 25-35%…
“The application of science and technology solutions and digital transformation helped reduce staff, increase new customers, and save over VND 10 billion for these 2,100 business households within just six months of implementing the model,” said Assoc. Prof. Dr. Tran Minh Tuan.
Many experts believe that the digital economy can become a new growth driver for Ho Chi Minh City after the merger.
Another successful pilot model leveraged digital transformation. Specifically, the Becamex Binh Duong Corporation collaborated with the Ministry of Science and Technology to implement a smart production model at the Orion Vina factory in the old Binh Duong. As a result, productivity increased by 30%, machine downtime decreased by 68%, inspection costs were reduced by 50%, and business efficiency yielded up to USD 19 million in eight months.
“For the first time, a smart production platform has been applied to a foreign-invested factory. Based on this success, we will coordinate with relevant units to replicate the digital transformation pilot to 25 industries and expand it across the new Ho Chi Minh City, contributing to the city’s GRDP growth. From there, we aim to scale it nationwide,” added Assoc. Prof. Dr. Tran Minh Tuan.
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