Minister in the Prime Minister's Department in charge of Economy Mustapa Mohamed (Photo: https://www.thesundaily.my/) Kuala Lumpur (VNA) – Malaysian Prime Minister Tan Sri Muhyiddin Yassin plans to launch the Malaysia Digital Economy Blueprint (MyDigital) to further promote the crucial economic sector’s growth , said Minister in the Prime Minister's Department in charge of Economy Mustapa Mohamed. According to Mustapa, MyDigital is a new and comprehensive approach to existing information and digital technology initiatives including the Multimedia Super Corridor (MSC), and it is designed to become the foundation for the country’s transformation into a digital centre in Southeast Asia by 2030. Speaking at a press conference on February 16, Mustapa said the targets set in the blueprint include helping every student gain access to online learning, and enhancing the people’s digital literacy and digital usage for micro, small and medium-sized businesses. To this end, the Malaysian government has established the Malaysia Digital Economic Council (MDEC) headed by PM Yassin, in order to outline policies, as well as to implement and supervise strategies and initiatives for the digital economy. The MDEC is working to ensure the goal of providing infrastructure and Internet access for Malaysian people, Mustapa said. /. VNA …
Digitization vs digital transformation
Digital transformation and the digital economy
The fourth industrial revolution, digital transformation and the digital economy are mentioned many times in documents of the 13th Party Congress. VietNamNet would like to introduce the speech delivered by Minister of Information and Communications Nguyen Manh Hung at the congress. Minister of Information and Communications Nguyen Manh Hung. Photo: Pham Hai The desire to develop a prosperous and happy country and the desire for a mighty Vietnam have been aroused. The flag has been raised to gather all of Vietnamese people. The way to the target has been shown, which is science and technology, innovation, the 4th industrial revolution, digital transformation, and digital economy. The decisive factor for success is Party building and reorganization tasks so that people always believe in the Party's leadership. Digital technology, digital transformation, digital economy, and digital age are a process occurring over decades. It is a global trend, an irreversible process. The physical world is being digitized. Real life is being brought into cyberspace. The process of creation, production and business is taking place more and more in cyberspace. With the emergence of the 4.0 industrial revolution, with the push of the world Covid-19 pandemic, the world is at the breakthrough point in the digital transformation process. This is an opportunity for Vietnam to realize its aspirations for building a mighty and prosperous country. Digital economy includes economic activities that use digital information and digital knowledge as the main production factor. It uses the Internet and information networks as space for operation; and uses ICT, i.e. electronics, telecommunications and information technology, to increase labor productivity and to optimize the economy. Simply, the economy is related to digital technology. In a narrow sense, the digital economy is only related to the ICT sector. In a broad sense, these are areas that are close to digital …
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Digital transformation will help realize the aspiration to develop the country: expert
Mai Liem Truc, former Deputy Minister of Posts and Telematics, believes that technology and digital transformation is the key to robust growth. Vietnam aims to become a developed country with high income by 2045. What role will the science and technology sector play in turning this into reality? All the industrial revolutions so far in history came from innovations and new technology inventions. For a long time, Vietnam stayed backward and poor because it could not take full advantage of the revolutions. Mai Liem Truc, former Deputy Minister of Posts and Telematics At the end of the third industrial revolution, while countries like India created a Green Revolution in biology, Vietnam still lacked rice. When Khoan 10 (household contracting) mechanism was applied, which allowed farmers to freely cultivate on their fields, Vietnam stopped the rice shortage period and became one of the world’s biggest rice exporters. In the telecommunications sector, Vietnam grasped the technology trend in 1980s and took a daring move to skip analog technology and go straight to digital technology. This led to strong development in Vietnam’s telecommunications, with Vietnam among the countries that soon began applying digital technology. However, it would be not enough if Vietnam only relied on technology and still maintained the natural monopoly. GPO made a daring decision on opening the telecom market to many different economic sectors despite controversy and certain obstacles. So, you may see that science and technology is a foundation and important key to development. However, whether to effectively use the key will depend on institutions and people. Which bottlenecks does Vietnam need to remove to develop the digital economy on the basis of science and technology, innovation, and the improvement of productivity, quality, efficiency and economic competitiveness? Previously, we carried out renovation, market opening and global integration on the basis of …