Digital transformation key to Vietnam's ambitions of getting rich and clean

People work at the office of a tech firm in Hanoi, Vietnam. Photo by Reuters/Kham

Digital transformation would be the key for Vietnam to achieve its targets of becoming a high-income country and a 'net-zero' emissions economy, an IFC vice president says.

Vietnam has two big goals by the middle of this century. One is to become a high-income country by 2045 under the Resolution of the 13th National Party Congress and another is to reach net-zero carbon emissions by 2050 as committed by Prime Minister Pham Minh Chinh at the 2021 United Nations Climate Change Conference (COP 26).

Alfonso Garcia Mora, the International Finance Corporation’s regional vice president for the Asia Pacific, told VnExpress that Vietnam now faces two major challenges as it has to manage to bring labor productivity to a new level in order to achieve the goal of becoming a rich country while learning to adapt to climate change.

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