Abstract

In the context of digital transformation and the Fourth Industrial Revolution, the private sector is playing an increasingly important role in economic growth and innovation in Vietnam. The digital era creates numerous opportunities for private enterprises to improve productivity, expand markets, and participate more deeply in global value chains, while also posing significant challenges related to technological capabilities, human resources, and adaptability. This article analyzes the current state of private sector development in the context of digital transformation, clarifies the opportunities and challenges involved, and proposes solutions to improve institutions, enhance governance effectiveness, and promote innovation in order to strengthen the role of the private sector as a key driver of development in the new era.

Keywords: Digital economy, digital transformation, innovation, national governance, private sector.