Vietnam’s economic development journey has been impressive. From one of the world’s lowest-income countries, Vietnam has risen to become a middle-income nation in less than 40 years. However, Vietnam’s aspirations for growth do not stop here. New sources of growth need to be uncovered and harnessed to drive the nation closer towards its goal of becoming a high-income country by 2045. AI presents a promising avenue to do just this. According to our study, Vietnamese businesses stand to gain VND 1,890 trillion (USD 79.3 billion) of economic benefits in 2030 if AI-powered products and solutions are adopted. This is equivalent to almost 12% of Vietnam’s GDP in 2030.
Vietnamese businesses stand to gain VND 1,890 trillion (USD 79.3 billion) of economic benefits in 2030 if AI-powered products and solutions are adopted. This is equivalent to almost 12% of Vietnam’s GDP in 2030.
However, harnessing AI benefits will not come easy. Vietnam will need to step up its digital education efforts to bridge the present digital skills gap by providing citizens with the necessary tools and resources to contribute meaningfully to this end. According to Access Partnership estimations, Vietnam stands to gain VND 658.6 trillion (USD 27.6 billion) of annual GDP to its economy in 2030 if it leverages tools such as personalized learning, offline and online retraining programs and online job portals.
Vietnam stands to gain VND 658.6 trillion (USD 27.6 billion) of annual GDP to its economy in 2030 from increasing usage of education technologies
Google’s impact in Vietnam
In Vietnam’s journey towards greater digitization and growth, Google has played a vital role. Through its multiple AI-powered products and solutions, as well as programs and initiatives, Google has directly supported the increase in uptake of digital technologies across the nation, and the corresponding economic benefits that come from it.
Through Google’s AI-powered tools, businesses in Vietnam have benefitted from an increase in productivity and increased access to international markets. In fact, it is estimated that in 2023, Google Search, Google Ads, Google AdSense, Google Play, Google Cloud, and YouTube helped provide VND 116.8 trillion (USD 4.90 billion) of economic activity for businesses. By helping businesses expand through their use of Google products, Google has also supported 210,500 jobs, with an additional 133,500 jobs supported by the Android app economy.
In 2023, Google Search, Google Ads, Google AdSense, Google Play, Google Cloud, and YouTube helped provide VND 116.8 trillion (USD 4.90 billion) of economic activity for businesses.
In addition to businesses, Google also provides significant benefits for households by empowering them with access to AI-powered products and solutions while teaching them how to stay safe online. From providing work-life flexibility through Google Workspace tools to increasing one’s knowledge-base through Google Search, Vietnamese households are benefiting greatly from the use of Google’s tools. As a result, in 2023, Google products helped provide VND 101.1 trillion (USD 4.24 billion) of economic benefits for households. This is equivalent to VND 1.29 million (USD 54) per Internet user.
In 2023, Google Search, Google Maps, Google Play, Google Drive, and YouTube helped provide VND 101.1 trillion (USD 4.24 billion) of economic benefits for households.
As a long-standing partner, Google shows commitment to continuously provide innovative technologies like AI tools to empower Vietnamese citizens and businesses, while providing resources to help citizens manoeuvre the digital space safely.
