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Digital transformation and economic growth: empirical evidence from Vietnam

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  • Huynh Quoc Vu
  • Nguyen Huynh Mai Tram
  • Le Thanh Tung

Abstract

This study investigates the impact of digital transformation on economic growth across Vietnamese provinces from 2010 to 2022. Utilising panel data from the Vietnam Statistical Yearbook, this research analyzes the interactions between Information and Communications Technology (ICT) development indices and key economic variables such as capital, labour, foreign direct investment (FDI), and governance. To effectively address the challenges of endogeneity and unravel the complex dynamics among these variables, we employ advanced dynamic panel models, particularly the Generalized Method of Moments (GMM) approach. Our analysis reveals that ICT significantly enhances the productivity of both capital and labour, leading to accelerated economic growth at the provincial level. The results also demonstrate that ICT amplifies the effects of FDI and improves governance efficiency. By highlighting the synergistic relationship between ICT and economic growth factors, this research provides insights for policymakers on leveraging technology to foster regional development and competitiveness in emerging countries.

Suggested Citation

  • Huynh Quoc Vu & Nguyen Huynh Mai Tram & Le Thanh Tung, 2025. "Digital transformation and economic growth: empirical evidence from Vietnam," Post-Communist Economies, Taylor & Francis Journals, vol. 37(7), pages 910-932, October.
    • Handle: RePEc:taf:pocoec:v:37:y:2025:i:7:p:910-932
    DOI: 10.1080/14631377.2025.2511511
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