The Economic Impact of Digital Technology: Current Situation and Legal Recommendations for Vietnam

In today's era of globalization, digital technology and digital data have permeated all sectors and industries, influencing every aspect of socio-economic life and contributing to significant achievements. Recognizing this trend, Vietnam has identified digital technology as a crucial driver for sustainable economic growth and enhancing national competitiveness in the digital transformation era. This paper approaches digital technology from an economic perspective, analyzing the current situation and challenges posed by digital technology on the economy and society, including its impact on national governance, employment, income, resources, and the environment. Based on this analysis, the paper proposes recommendations for sustainable development, including improving the legal framework, investing in digital skills training, adopting renewable energy, and learning from international experiences. These recommendations aim to optimize the economic benefits of digital technology while supporting Vietnam’s advancement in the new era.