Digital transformation and green transformation are the main drivers of economic growth
That is the assertion of Minister of Information and Communications Nguyen Manh Hung, Vice Chairman of the National Committee on Digital Transformation at the Vietnam - Asia Digital Transformation Summit 2024 (Vietnam - Asia DX Summit 2024), theme " Digital and Green transformation boost the economy."
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Digital transformation and green transformation will be the two most important transformations of the first half of the 21st century. These two transitions will fundamentally change our lives. Digital transformation and green transformation are twins, they go together and support each other. If you want green transformation, you must use digital transformation, and if you want digital transformation, you must also use green transformation. These two transformations will also ensure a country that develops rapidly and sustainably. Vietnam has identified them as strategic options.
Digital transformation and green transformation are the main drivers of economic growth. In 2020, the green economy (KTX) contributed about 2% of Vietnam's GDP with a growth rate of over 10%. Also, this year, the digital economy contributed 12% of GDP. By 2023, digital transformation according to calculations by the Ministry of Information and Communications will contribute 16.5% of GDP with a growth rate of 20%/year. The two digital and green transformations have growth rates 2 - 4 times higher than GDP growth rates.
According to estimates by the International Energy Agency (IEA), data centers alone in 2022 consume about 240-340 billion kWh, equivalent to 1 - 1.3% of global electricity demand and are continuing to increase. Currently, electricity consumption of the entire Information Technology and Communications industry accounts for 6 - 10% of total world electricity consumption, emitting 3.7% of total greenhouse gas emissions. This figure is forecast to double by 2025 and is estimated to account for 14% of total global CO2 emissions by 2040. Therefore, digital transformation must use green technologies. And etc.