The State allows spending at least 1% of the budget to implement digital transformation
The Law on Digital Transformation passed by the National Assembly stipulates that the State allows the use of at least 1% of the budget to implement digital transformation, requiring effective assessment.
The National Assembly has passed the Law on Digital Transformation, which will take effect from July 1, 2026.
This law has a section dedicated to regulating finance for digital transformation.
Accordingly, the Law stipulates that the State must ensure annual spending on digital transformation of at least 1% of total state budget expenditure, drawn from the total expenditure of at least 3% of the state budget for the development of science, technology, innovation and digital transformation.
At the same time, it will gradually increase according to development requirements to implement the policies and guidelines of the Party and State in each period.
The state budget allocated for digital transformation for national defense and security is implemented according to the provisions of a number of specific contents in the State Budget Law, the provisions of this Law and is summarized in the total expenditure on science, technology, innovation and digital transformation.
Non-state budget financial resources include: legal financial resources of enterprises, organizations, individuals; Science and Technology Development Fund of enterprises, organizations, public service units; other legal financial sources as prescribed by law.
Regarding state budget expenditures for digital transformation, the Law specifically stipulates the task of state budget expenditures for digital transformation activities according to corresponding provisions.
The Government stipulates the management of investment, procurement, service rental and specific mechanisms for experimental development in digital transformation using state budget capital; state budget expenditure tasks and decentralization of expenditure tasks between the central budget and local budgets for digital transformation.
The Law also clearly states that ministries, ministerial-level agencies, government agencies, and other central and local agencies propose to use the state budget for digital transformation to ensure compliance with the digital transformation strategy, program, and plan prescribed in this Law.
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