February 24, 2024

We are creating some awesome events for you. Kindly bear with us.

Digital transformation will generate better opportunities for Vietnamese citizens

Image credit: Ministry of Information and Communications

The Deputy Prime Minister, Vu Dur Damn, said that digital transformation is an opportunity for Vietnam to create greater market value for its businesses, make organisations more efficient, and offer better opportunities for every citizen.

At the Vietnam ICT Summit 2019 in Ha Noi, the Minister also said that although Vietnam is currently growing faster than many countries, both domestically and internationally, its departure point was low. Therefore, it needs to speed up and be more sustainable.

Vietnam ICT Summit (Image credit: Ministry of Information and Communications)

According to a press release, in its current situation, the country has fierce competition in terms of technology, investment capital attraction, and markets. To compete efficiently, it must have aspirations, creativity, and breakthroughs in thought.

The Minister noted that it is often said that Vietnam needs to go straight to 5G networks, artificial intelligence, and blockchain. However, the most important thing is to change habits to overcome difficulties. To do so, it is necessary to focus on building a suitable legal system.

He said businesses will not rush to adopt 4G and 5G networks when the 3G network still offers economic efficiency. Therefore, there have to be policies that support businesses. They must also take social responsibility when applying new technologies.

Businesses must receive direct benefits such as tax incentives, capital, and resources. The Ministry of Information and Communications (MIC) will work with other ministries to figure out problems in IT application and development, which will be submitted to the government and the Prime Minister for direction and support.

According to a report released in 2017, the impact of digital transformation in the Asia-Pacific region was an increase of about 6% in its GDP. The figure is expected to be 25% this year and 60% by 2021.

Research shows that digital transformation also increased labour productivity by 15% in 2017, which is expected to be 21% by 2020.

At the summit, MIC showed the latest draft version of the National Digital Transformation Project. It shows that digital transformation deeply impacts the structure and relationships in the global economy. Replacing manual labour with automation, capital with knowledge and data, and changing consumption habits as well as the behaviour of the society.

The project sets specific objectives. They are:

  • By 2030, Vietnam’s digital economy should grow 20% per year.
  • It should be one of the top 20 countries in the world and the top three in ASEAN in the global and regional competitiveness index, respectively.
  • It should be on the list of top 50 e-government countries.
  • Labour productivity should increase by 8-10% per year.

The Minister of Information and Communications, Nguyen Mạnh Hung, said that digital transformation opens great opportunities for the country. This is a comprehensive change, to every business, every organisation, every citizen, and every field.

It’s a historic shift, once every thousand years. If Vietnam wants to change in the world rankings, it must go fast and take the lead to have a competitive advantage. Digital transformation does not need a lot of facilities but changes in thinking, he said.

He also emphasised five fundamental elements needed for concrete actions, including institution, infrastructure, cybersecurity, platform solutions, and training.

OpenGov reported earlier that digital transformation will open up opportunities for development, mainly in the technology enterprise ecosystem in Vietnam. The MIC Minister said digital transformation does not need many facilities as the major factor is changing mindsets. IT firms play an important role in this process.

These tech enterprises may originate from large commercial and service firms with a high financial capacity and well-known tech firms intending to switch to producing made-in-Vietnam products and start-ups.

The ICT community should further focus on researching and developing products and Vietnamese firms should manufacture high-quality products that are different from foreign ones to compete with their global rivals.

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

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

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 business services provider. We help 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 3,000 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.

Send this to a friend