Data resources key to transforming Vietnam's growth model
Hanoi, July 15 -- As Vietnam shifts towards a growth model driven by productivity, innovation and digital transformation, experts say unlocking the value of data, considered a strategic resource, will be essential to sustaining long-term economic growth. According to Prof. Dr Tran Tho Dat, former President of the National Economics University, economic growth has traditionally relied on capital and labour. However, in the digital era, data has become a fundamental production factor that not only complements these traditional inputs but also enhances total factor productivity and improves resource allocation. He said data plays a dual role in Vietnam's development strategy: serving as a new engine of economic growth and facilitating the tr...
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