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

Vietnam, Laos, Cambodia Cooperate to Grow Digital Economy

Vietnam, Laos, and Cambodia will cooperate in the digital economy. Experts have said that the substantial potential for trade and investment collaboration among the countries has not yet been fully realised.

The three governments jointly organised a conference to discuss digital economic development trends and their potential to enhance trade and investment among the countries, opportunities and challenges arising from digital transformation for the growth of trilateral ties, and strategies to advance their cooperative efforts in the digital era. The conference reflects the countries’ readiness to build digital-transformation-oriented socio-economic infrastructure.

Experts at the event recommended that the sides establish and improve institutional and legal environments that align with the demands of the international integration era within the context of the digital economy. Additionally, the nations should invest in developing digital infrastructure to foster their national digital economies.

The conference, which was organised by the Vietnam Academy of Social Sciences (VASS), Lao Academy of Social and Economic Sciences (LASES), and Royal Academy of Cambodia (RAC), saw the participation of over 100 experts, managers, and diplomats from the three countries.

According to a representative from VASS, prioritising the advancement of the digital economy is considered a key task in accelerating the restructuring of an economy. This approach is closely linked with innovation in the growth model and the enhancement of growth quality. The aim is to assist a nation in escaping the middle-income trap and progressing toward becoming a fully developed, industrialised country. The trend presents both opportunities and challenges for countries involved, as they work to develop and expand their investment and commercial partnerships.

An official from LASES noted that Laos is in the early stages of its digital transformation journey, encompassing multiple sectors, including commerce and investment. Consequently, Laos is eager to collaborate with experts from Vietnam and Cambodia, aiming to exchange knowledge and gain insight from their respective digital transformation efforts.

Highlighting the longstanding bond among the three nations, an official from RAC acknowledged that in the realm of digital transformation, Vietnam has been making swifter advancements compared to Cambodia and Laos, particularly in sectors like tourism, commerce, and investment. Collaborative efforts among these nations, particularly in the domain of the digital economy, hold considerable importance in advancing the development of each country.

In 2020, Vietnam kicked off a national digital transformation programme, under which the country would renovate the management and administration activities of the government, the production and business activities of enterprises, and the overall way of living and working. It is working to develop a safe, humane, and wide digital environment. The national digital transformation programme has the dual purpose of both developing the digital government and economy and establishing Vietnamese digital businesses with a global capacity.

In the second quarter of 2023, the digital economy contributed approximately 15.26% to the total Gross Domestic Product (GDP) of Vietnam. Compared to 2021, the growth of Vietnam’s national digital transformation index did slow down, but the component indices of digital government, digital economy, and digital society still maintained a high growth rate of 45-55%.

Vietnam’s digital economy was valued at around $14 billion in 2020, showing remarkable growth of 450% since 2015. Projections indicate that it is expected to expand by roughly 30% between 2020 and 2025.


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.


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.


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.


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.


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. 


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