Practical experience in developing the digital economy of Asian countries: Lessons for Viet Nam

TRAN HUNG CUONG

Tra Vinh University; Email: [email protected]

HUYNH VAN TAI

Hong Bang International University

BIEN THI NGOC

Tra Vinh University

PHAM HONG HANH

Joint Stock Commercial Bank for Investment and Development of Viet Nam - Tra Vinh Branch

LE HOANG THUYA, DUONG THI TUYET ANH

Tra Vinh University

Abstract

The Fourth Industrial Revolution has profoundly transformed social and economic activities through the widespread adoption of digital technologies, including ride-hailing platforms, online work and learning systems, social networking services, and e-commerce supported by electronic payments. The digital economy has thus become a central driver of global economic growth. With a population exceeding 101.2 million, a large base of Internet and smart device users, and well-developed telecommunications infrastructure, Viet Nam possesses substantial potential for digital economic development. Moreover, Asian economies such as China, South Korea, and Singapore have accumulated extensive practical experience in this field. Drawing on these experiences, this article examines key dimensions of digital economic development in these countries and proposes managerial implications to support Viet Nam’s digital transformation and enhance its global competitiveness.

Keywords: Fourth Industrial Revolution, digital economy, Viet Nam, Asian countries

(This article was published in the Vietnam Economic & Financial Review, Vol 2, Issue 1, February 2026)

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