Vietnam’s Deputy Minister of Information and Communications said if the country wants to succeed in achieving complete digital economic transformation, innovation and creation should be viewed as strategic and decisive factors.
This year, there have been many technology companies operating in a number of fields with new business models being born. This clearly affirms the determination of many businesses to become digital service providers and pioneers working towards the creation of a digital society.
5G technology's research, application, development in Vietnam have become one of the most important milestones of this year. 5G trials for three major telecommunication businesses have been licensed by the Ministry of Information and Communications. The purpose is to create an important infrastructure for the development of the digital economy and better meet the demand of increasing connectivity speed and scale. The project would be an overall plan to move towards a comprehensive digital economy and society by 2030.
One of the tasks and solutions determined in the draft of the plan was to create an environment for developing digital products, digital services, and new business models; improving the capacity of innovation and developing digital businesses.
With a population of more than 96 million people and more than 60 million people using Internet services, Vietnamese users spend an average of more than six hours a day online. About 94 percent of internet users in the country use the internet daily.
According to the statistics, the majority of Vietnam's economic and social activities obviously occur online. The internet has become an unreplaceable part of Vietnam's society; changed social awareness; created more innovative and effective business models; and accelerated the process of sustainable growth.
Within the framework of the conference, the Vietnam cloud computing and data centre club was launched to promote the market of cloud computing services and the development of data centres nationwide.
According to an earlier report by OpenGov Asia, Vietnam’s plans for a digital economy, smart cities, and start-ups have helped the country’s IT industry continue to record strong revenue growth.
The growing capital inflow in Vietnam’s IT industry from private investors, especially foreign ones, has been considered a “golden opportunity” for the industry to expand, an official press release has noted.
Hanoi and Ho Chi Minh City (HCMC) are among the ten most dynamic cities in the world this year, according to the City Momentum Index.
The IT industry is attractive to the investors because the country leads Southeast Asia in internet economy growth with a rate of 40%.
Under the strongly growing digital economy, major opportunities are opening for investors, especially those who want to provide products and services based on new technologies.
Smart cities projects are being deployed by the government and Ho Chi Minh City administration, as well as promoting innovative start-up programs. Many projects are being implemented to transform HCMC into a regional and international financial hub
Source: https://www.opengovasia.com/vietnam-working-to-enable-digital-development/
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