February 21, 2024

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

Vietnamese government prioritises digital technology

Image credit: Ministry of Information and Communications

The Ministry of Information and Communications (MIC), in a press release, recently said that digital technology will be key for Vietnam to grow into a powerful nation with a thriving economy over the next quarter of a century.

At a recent meeting with key members of the local IT community, the MIC Minister highlighted businesses’ decisive role in Vietnam’s journey to achieving its ambitious growth goals.

He outlined that digital transformation could bring enormous opportunities for the country, with sweeping changes across the board for every business, organisation, and citizen.

Vietnamese IT businesses must be the nucleus of the digital transformation process, as market and management expertise has been shifting into industry and technology.

Next will be well-established IT businesses that have been operating in the field for one or two decades but are mainly engaged in assembling and processing. They need to focus on creating Vietnamese-made products, reducing the country’s dependence on imports.

The foundation of digital operations

Vietnam expects to grow into an industrialised nation with prosperous development by 2045 when the country will celebrate its centenary of gaining independence.

Businesses, both private and state-owned will lead the development.

In the press domain, for 15 years now, many media print agencies want to realise digital transformation dreams but have failed, the Minister said.

As a late bloomer in IT applications, more than half of the revenue of Vietnam’s communications industry has fallen into the hands of foreign players. For example, a local IT company, Yeah1, has invested in a digital platform for media agencies that launched last July.

The Minister also cited the example of Misa, an IT firm on accounting software. This company has built up a platform in both software and human resources in order to provide accounting services to micro, small- and medium-sized businesses.

This will help them smooth their accounting work, while simultaneously encouraging private trading households to shift into business as they no longer need to hire accountants, which is difficult in rural and remote areas.

Creating a new style

Regarding the digital ecosystem for the Vietnamese, it is now time to adopt a new approach towards social networking sites. And users of the sites should have a share of the value these sites have created. In other words, users are the game-changers whose rights are also protected, the Minister noted.

He added that networking sites need to respect basic ethical values while abiding by the country’s laws. These new social requirements have opened spaces for the development of new sites and new search tools for a modern ecosystem.

IT businesses and Vietnamese start-ups have been working to develop new ecosystems with fresh philosophies and business models, he explained.

Apart from Facebook, Zalo is one of the most-used social media networks in the country. With a large focus on privacy, faster local use, and an effective messenger function. The Minister claimed it has become a strong template for other domestic groups to emulate or surpass.

Other apps such as travel-focused Astra, which launched in September, is attempting to lure users through an innovative rewards system for posting travel reviews.

But this is not enough, the Minister said, if the country wants to reach government goals. By 2022, the MIC aims to seize 60-70% of the local advertising market for domestic social networks.

Thus, he added, it is time to form a new social networking site, with more customer-centric search tools.

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