Vietnam

Digital transformation to be the focus of socio-economic development in Vietnam, says its PM (The Star)

Digital transformation will be the focus to effectively control the pandemic and restore socio-economic development over the next two years, Vietnam Prime Minister Phạm Minh Chinh has confirmed.

He made the remark while attending the third edition of a national forum on the development of Vietnamese digital enterprises in Hanoi on Saturday (Dec 11).

Themed ‘Digital transformation – driving force for economic recovery and development’, it is a large-scale annual event of digital enterprises in Vietnam held by the Ministry of Information and Communications.

Digital transformation is a global matter and serves all people, meaning it requires a global and people-oriented approach, according to the PM.

He underscored that the national spirit must be part of digital transformation, adding that all sectors and businesses are requested to work to raise awareness of digital transformation, speed up the process and develop human resources in the field.

PM Chính said Vietnam’s digital transformation has had some important initial results, including the development of commercial 5G networks. The digital economy contributes more and more to the national GDP, aiming to reach 20 per cent of GDP by 2025.

Minister of Information and Communications Nguyen Mạnh Hung said Vietnam now has 64,000 digital technology enterprises. In 2021, their total revenue is estimated to reach US$135 billion, a year on year increase of 10 per cent.

Hung said: “Digital enterprises are the core to promoting Việt Nam’s digital transformation to convert all Vietnamese enterprises into digital enterprises, all Vietnamese organisations into digital organisations, and all citizens into digital citizens.”

In 2021, more ‘Made-in-Vietnam’ digital products were created, helping address some current issues and raise Vietnam’s rankings in digital technology.

He called on digital technology enterprises to engage in the development of national digital transformation platforms.

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The Star

12 December 2021