IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON ECONOMIC GROWTH IN VIETNAM

Abstract

The study aimed to assess the impact of information and communication
technology (ICT) on the economic growth of Viet Nam. By using panel data
according to the Generalized Methods of Moments (GMM) in the period of 2009 -
2019. The results from the econometric model show that with the exception of
landline telephones, other information and communication technology variables
such as mobile phones, internet usage and broadband usage are the key factors
economic growth in provinces and cities. In addition, the relative dominance of
the provinces in the Central region compared to the North and the South in the
areas of internet usage and broadband application. From a policy perspective,
the results suggest that the authorities in Vietnam should increase their
investment in ICT infrastructure. In order to benefit from factors that promote
economic growth, policy makers should enact a number of important policies
that enable the development of financial sectors, providing a legal and
regulatory environment. more convenient mechanisms, increase the economy,
increase government priorities and develop infrastructure.