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Vietnam, Republic of Korea Share Knowledge on Digital Transformation

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A Republic of Korea-Vietnam digital transformation forum was recently organised by the Ministry of Information and Communications (MIC) and the RoK Ministry of Science and ICT (MIST), as part of Vietnam International Digital Week from 11-14 October. Vietnamese and Korean information technology enterprises shared digital transformation solutions in manufacturing industries at the forum.

The Director of the Authority of Radio Frequency Management, Le Van Tuan, under MIC, has suggested that businesses from RoK share their experiences in the implementation of digital transformation with their Vietnamese counterparts. Tuan said that digital transformation is one of the breakthrough strategic solutions implemented by the Vietnamese government. One of the key targets of the country’s digital transformation is to put peoples’ and businesses’ activities on digital platforms and encourage businesses to use digital technologies, especially those relating to artificial intelligence (AI) and digital platforms to improve productivity and operational efficiency.

Digital technology and digital transformation will enhance administrative reform, help people access public services more easily and conveniently, and bring the government closer to the people. That is the basic goal of Vietnam’s digital transformation, Tuan noted.

Addressing the event, Park Yun-kyu, Deputy Minister of the RoK’s MIST, mentioned that on 28 September, the Korean government announced the Korea Digitalisation Strategy. It focuses on securing world-leading digital abilities, expanding the digital economy, creating a digitally inclusive society, establishing a digital platform government, and innovating digital culture.

In 2020, Vietnam approved a National Digital Transformation Programme by 2025, with an orientation toward 2030. The strategy helps accelerate digital transformation through changes in awareness, enterprise strategies, and incentives toward the digitalisation of businesses, administration, and production activities.

The programme targets businesses, cooperatives, and business households that want to adopt digital transformation to improve their production, business efficiency, and competitiveness. The plan aims to have 80% of public services at level 4 online. Over 90% of work records at ministerial and provincial levels will be online while 80% of work records at the district level and 60% of work records at the commune level will be processed online.

Further, all national databases including those for population, land, business registration, finance, and insurance should be online and connected, with shared data on a government reporting information system. The inspection of state management agencies must be done through digital systems and information systems. The annual labour production is to be increased by 8% by 2030.

It also aims to make 50% of banking operations by customers electronic, 50% of the population own digital checking accounts and 70% of customer transactions made through digital channels. 50% of decisions on lending, small, and consumer loans of individual customers are expected to be automated and 70% of work and service records at credit institutions will be processed and stored digitally. By 2030, the government wants the digital economy to contribute around 30% to the GDP. It also intends to be among the top 50 countries in e-government development and the third in ASEAN by the end of this decade.

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