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Vietnam-Australia Collaborate on Tech Innovation and Smart City Development

Vietnam and Australia recently held the Australia-Vietnam Tech Forum in Ho Chi Minh City, which attracted over 70 executives from 42 technology companies. The event introduced Australian expertise in fintech, digital transformation, and smart cities.

An official from the Vietnamese branch of the Royal Melbourne Institute of Technology (RMIT), Nguyen Quang Trung, noted that the government views digital transformation as critical to continued growth and prosperity. He mentioned the National Action Plan on Digital Transformation, which was announced earlier this month.

Under the plan, Vietnam aims to utilise Industry 4.0 technologies to improve productivity and accelerate economic growth. With a large population, a government committed to ambitious goals, and one of the fastest-growing digital economies, Vietnam shows promise as a thriving market.

The World Bank has released data suggesting that Vietnam’s digital sector may surpass US$ 200 billion by 2045, which represents a huge figure compared to its GDP of US$ 352 billion in 2021. An industry expert has noted that the country’s fintech payment value has risen by 2.98 times from 2017 to 2021, primarily driven by e-commerce.

The COVID-19 pandemic, with its quarantine measures and social distancing requirements, has significantly altered consumer behaviour, resulting in a significant rise in online purchases over the past couple of years. As a result, both e-commerce activities and digital payments have experienced a surge in demand.

Out of Vietnam’s 63 provinces and cities, plans for smart cities have been made by 41, while almost 40 of them have been actively developing smart city services. Furthermore, 17 provinces and cities have either commenced construction or have agreed to construct smart city operating centres.

The Senior Trade and Investment Commissioner at Austrade, Rebecca Ball, stated that the Australian government supports ASEAN in its development of sustainable smart cities, including Vietnam. Australia is working with ASEAN to create cities that are smart and sustainable. For instance, the InnovationXchange programme of the Department of Foreign Affairs and Trade has allocated AU$ 5 million (US$ 3.3 million) for a pilot project aimed at providing support to scale up high-growth potential enterprises, focusing on smart urbanisation solutions in ODA-eligible cities across ASEAN.

Since 2018, Vietnam and Australia have worked together in researching and publishing reports on Vietnam’s digital economy and evaluating the contributions of innovation to Vietnam’s socio-economic development. They have also reached a series of cooperation agreements to promote innovation and technology transfer. Earlier, the countries launched DigiVet-Aus, a business connecting platform to boost software exporting and outsourcing from Vietnam. It provides opportunities for Vietnamese IT companies to strengthen their connection with Australian pairs and vice versa.

In 2021, the two sides launched an artificial intelligence (AI) cooperation network. The network gathers Vietnamese individuals, businesses, and organisations working in AI, both at home and abroad, to cooperate with Australian partners. As OpenGov Asia had reported, the network intends to bring Vietnam opportunities for learning from Australia and around the world to create a favourable environment for AI development to prosper in Vietnam. Through this, realising the ambitious goal set out by the national AI strategy, they seek to enter Vietnam into the top four of ASEAN and the top 50 in the world in AI research, development, and application by 2030.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com