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Ho Chi Minh Wants Digital Economy to Contribute 25% to GRDP by 2025

A crucial task to recover and develop its local economy in the post-pandemic era is to promote all-around digital transformation. Ho Chi Minh City’s digitisation programme, issued in July 2020, aims for the digital economy to contribute 25% to its gross regional domestic product (GRDP) by 2025, and 40% by 2030. This year, the city wants to raise the digital economy’s proportion in the GRDP to 15%. It has prioritised ten sectors for digitisation: healthcare, education, transport, finance/banking, tourism, agriculture, logistics, environment, energy, and human resources training.

Speaking at a seminar on 25 March, the Director of the Municipal Department of Information and Communications, Lam Dinh Thang, noted that because of the pandemic, HCM City’s economy is facing an array of considerable difficulties and challenges. The city views implementing comprehensive digital transformation and developing a digital economy as the most important tasks for recovery. He also claimed it would ramp up investment and innovation in digital administration and smart city building.

According to reports, experts have suggested that in terms of digital infrastructure, HCM City should complete general and specialised databases in its smart city project, boost the building of information security mechanisms to encourage enterprises to go digital, and enhance cybersecurity measures. Regarding digital business, they recommended the city survey companies’ demands and devise different programmes supporting firms to innovate, apply technology, and shift to digital business models. Pham Binh An, the Deputy Director of the HCM City Institute for Development Studies, stated that local authorities should improve their capacity to assist digital technology start-ups, facilitate digital business and e-commerce activities, and connect more e-commerce firms with manufacturers.

Earlier this month, the city unveiled its official digital transformation portal. With a modern, simple, and assessable user interface, the portal offers an overview of the city’s related plans, digital progress, news, and cooperation activities. The site also features a multi-media library. The Deputy Director of the Department, Vo Thi Trung Trinh, noted that via the portal, city leaders can receive ideas, suggestions, and plans from local residents, organisations, and businesses.

As OpenGov Asia reported earlier, city officials and civil servants can promptly systematise and adjust the municipal digital transformation documents, programmes, and projects. Meanwhile, experts, the general public, organisations, and enterprises can access and learn information about local transformation. They can search for applications and public services that are being provided on digital platforms, Trinh added. People can also send feedback and recommendations to the authorities through the site, she said.

Ho Chi Minh City has plans to establish at least two technology innovation centres from now through 2025 to help businesses completely digitise operations, according to the municipal people’s committee. They will strengthen supply chains, transfer technologies and innovations, research digital products, increase the awareness of digital transformation, promote an innovation ecosystem for start-ups, and help businesses develop digital products. Moreover, they will tie up with prominent global partners for digitisation and funding to evaluate the effectiveness of digital products and support the creation of digital solutions.

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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.

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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.

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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. 

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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.