Vietnam's digital economy is projected to grow 11-fold by 2030, reaching 220 billion USD, nearly half of the country's current gross domestic product (GDP).

The prerequisite for Vietnam's digital economy to go further is to optimise modern scientific and technological advancements in accordance with Vietnam's own approach, according to Nguyen Trung Chinh, Chairman of the Board of Directors and Executive President of CMC Corporation.

Vietnam's banks and financial institutions must be ready for a digital transformation, said policymakers and experts at a workshop held in Hanoi on October 25.

The Southeast Asian internet economy has expanded by 39 percent this year to hit 100 billion USD for the first time, according to a recent report by Google, Temasek and new partner Bain & Company.