DIGITAL FINANCE MANAGEMENT FOSTERING ECONOMIC GROWTH IN VIET NAM IN THE CONTEXT OF DIGITAL TRANSFORMATION

Abstract

This paper examines the role of digital finance management in fostering Viet Nam’s economic growth amid rapid digital transformation. Based on a synthesis of theoretical and empirical evidence, the study demonstrates that the rapid development of digital finance has become a significant driver of economic growth. Digital finance helps improve operational efficiency and expand access to financial services, thereby promoting financial inclusion and mobilizing resources for development investment. In the current digital transformation context, Viet Nam has achieved notable milestones such as a sharp rise in cashless payments, a strong increase in the number of people with bank accounts, and the digital economy contributing an increasingly large share of GDP. The paper also discusses remaining challenges, such as cybersecurity risks, digital infrastructure gaps, a shortage of digitally skilled human resources, and an incomplete legal framework, and proposes digital finance management solutions for sustainable growth.

Keywords: Digital transformation, digital finance, economic growth