Making a breakthrough transformation to drive Vietnam towards a Digital Vietnam

  • Asia IoT Business Platform 2019’s theme resonating with Prime Minister’s Decision on National Digital Transformation Project
  • Important roles of the Project’s main stakeholders (Enterprises, State Agencies and Society)
  • Smart City and E-government as key discussion topics at Asia IoT Business Platform 2019
  • The Central Institute of Economic Management’s national strategy on Industry 4.0 as a key driver of Vietnam’s economic development
  • E-commerce, AI, Data Analysis, Cloud Computing and Fintech as new industries arising from Industry 4.0
  • State-of-the-art technology development implementation by key utility players for effective management and operation

This year, the Ministry of Information and Communication is drafting the Prime Minister’s Decision on National Digital Transformation Project to make a breakthrough transformation to drive Vietnam towards a Digital Vietnam, which will make full use of the advancement of digital technology for stable socio-economic development. The theme of the 33rd Edition of Asia IoT Business Platform being held in Vietnam from 18-19 November 2019 also resonates with the National Digital Transformation Project. The project’s scope involves three main stakeholders – Enterprises, State Agencies and Society. The project proposes the goal of seeking to popularise digital capacity for people and creating favourable conditions for them to access digital infrastructure at a reasonable cost, with broadband access rates set under 2% of their income.

Enterprises play a key role in digital economic development. The government have a desire for them to proactively find solutions to apply digital technology, implement digital transformation and participate in building the fundamental elements of the digital economy.

For State Agencies, the plan sets to have 80% of public services implemented at level 4, which means most transactions between people and businesses with State management agencies will happen in a digital environment. The State is also actively researching and developing policies for Vietnam to quickly reap the potential benefits of technologies.

One of the key focus areas of Asia IoT Business Platform Vietnam 2018 was Smart City and promoting e-government as a priority task. This year, we will continue the discussion with case studies of e-government implementations by the 3 biggest cities of Vietnam including Ha Noi, Ho Chi Minh and Danang. These cities have been setting up and maintaining urban database systems to build a strong infrastructure foundation for e-government implementation projects. For example, enforcement of database integration for higher efficiency in data storage and sharing has been deployed by Ho Chi Minh’s government units.

Currently, many nations have been developing their Fourth Industrial Revolution strategies, such as Made in China 2025; Japan Resuscitation Strategy; Malaysia’s My-i4.0; Singapore’s 23 plans on digital transformation; India’s Smart City Mission and Industry 4.0 Centre; Indonesia’s Making Indonesia 4.0; and Thailand 4.0. In Vietnam, The Ministry of Planning and Investment has assigned the Central Institute for Economic Management (CIEM) to work on strategies for the task of developing a national strategy on the fourth Industrial Revolution, including policies for digital economic development. The strategy’s primary targets are to seize opportunities arising from Industry 4.0, increase the country’s GDP and employment, and attract more high-quality foreign direct investment. Policies and new strategies related to Industry 4.0 will be shared by the CIEM at this year’s event.

According to the CIEM, new industries arising from Industry 4.0 will be the key growth propellants for Vietnam, such as the Internet of Things and media. They will also support other sectors by raising their competitiveness, revenue, and developing new products and services. The new industries will include e-commerce ($40 billion in revenue by 2030), Artificial Intelligence ($420 million), data analysis ($730 million), cloud computing ($2.2 billion), ride-hailing ($2.2 billion), and fintech ($1.5 billion). Topics related to the development of these new industries will also be discussed openly at Asia IoT Business Platform Vietnam 2019.

In the field of utility, in line with the digital economy development trend, Vietnam Electricity (EVN) has identified Industry 4.0 as an opportunity for EVN to develop rapidly and sustainably. EVN and its member units have been adopting state-of-the-art technologies such as big data, IoT, and AI to ensure the effective management and operation of the power system. For example, the power grid in Ho Chi Minh City has been primarily automated, contributing to accelerating the roadmap of smart grid development and improving grid operation and management capacity. More developments in the electricity field will be shared by EVN at Asia IoT Business Platform Vietnam 2019.

If you are interested in contributing to or knowing more about Asia IoT Business Platform Vietnam 2019, please drop us an email at [email protected].

Asia IoT Business Platform

13 September 2019

Leave a Reply