Viet Nam is working on a project of national digital transformation which will position itself as a leading digital economy of ASEAN by 2030. — Photo dautuchungkhoan.vn A few days ago, ride-hailing firm Grab unveiled an ambitious plan to invest US$500 million in Viet Nam over the next five years, just a month after it announced an investment of $2 billion into Indonesia. Grab’s investment decisions are manifestations of the potential development of the digital economies of the two ASEAN countries which have “similar characteristics” as stated by Grab’s president. These two nations are seen as holding the most promise due to their youthful, internet-savvy population and emerging middle-class. Vo Tri Thanh Indonesia is set to become Southeast Asia’s largest digital economy over the next few years while Viet Nam is also working on a project of national digital transformation which will position itself as a leading digital economy of ASEAN by 2030. The … [Read more...] about Digital economy for an inclusive ASEAN Community
Leading digital
Vietnam plans to become leading digital economy in ASEAN by 2030
Vietnam will become the leading digital country and economy in the ASEAN region by 2030 (Photo: cafebiz.vn) Hanoi (VNS/VNA) - Vietnam will become a leading digital country and economy in the ASEAN region by 2030 and allow testing of new technologies in the digital economy. This is one of the proposals in a draft project on national digital transformation by the Authority of Information Technology Application (AITA) under the Ministry of Information and Communications (MIC). The ministry assigned AITA to develop the project and submit it for approval in November. The project aims to realise orientations and policies of the Government to develop the economy based on digital technologies. Speaking at a conference to review MIC’s activities in the first half of the year this week, Nguyen Thanh Phuc, AITA’s director, said in the draft all people would be able to participate in the digital economy. Phuc said the main targets would include improving competitiveness of … [Read more...] about Vietnam plans to become leading digital economy in ASEAN by 2030
Visa CEO visits Vietnam to mark next phase of digital payments growth
Al Kelly, chief executive officer of Visa Inc., the leading global payments technology company, headed a delegation of Visa executives conducting meetings in Vietnam today as the company reinforces its commitment to growing the adoption of digital payments and driving the digital economy. Visa CEO Al Kelly (left) and Prime Minister Nguyen Xuan Phuc (right) at the meeting The delegation met with Prime Minister Nguyen Xuan Phuc, State Bank of Vietnam Governor Le Minh Hung, as well as leaders of Vietnamese banks, to discuss the importance of digital payments and how the company can deepen its partnership across the ecosystem. Kelly said, “Vietnam is one of the fastest growing markets for Visa across the globe. With a young population, emerging middle class and consistently strong economic growth, we are very optimistic about the future of digital payments here and the role we can play in supporting Vietnam as it continues on its path to becoming a developed … [Read more...] about Visa CEO visits Vietnam to mark next phase of digital payments growth
Vietnamese enterprises to boost digital transformation
Viet Nam News HÀ NỘI — Increasing profit a few hundred per cent, saving billions of dollars in technology costs, operating complex data systems in real time, transforming appropriate business models, improving operational efficiency and personalising customer experience on large-scale digital platforms at fast speed were the benefits of digital transformation, said Dr. Phương Trầm, FPT head consultant on digital transformation and former DuPont CIO at a seminar in Hà Nội this week. Digital transformation in organisations and businesses is the process of changing from traditional models to digital enterprises by applying new technologies such as Big Data, the Internet of Things (IoT) and cloud computing. It also changes operation and leadership methods, working processes and corporate culture. Digital transformation brings many benefits such as cutting operating costs, reaching more customers in a shorter time, quicker and more accurate … [Read more...] about Vietnamese enterprises to boost digital transformation
VinFast selects Siemens’ innovation platform to create a connected digital enterprise
VinFast, Vietnam’s first volume car manufacturer, has selected a suite of tools from Siemens PLM Software to help realize their plans for next-generation automotive and transportation design. Siemens is providing a digitalization solution across the entire automotive OEM value chain, which can help enable VinFast to meet the company’s goals of creating the first Vietnam-made automobile and eScooter brand, and promote the development of the industrial and manufacturing sector in Vietnam. VinFast plans to take advantage of a connected digital twin across both design and manufacturing. VinFast plans to use an integrated digital platform including the Teamcenter® portfolio for digital lifecycle management, the Teamcenter solution for product costing to support cost and value engineering, and the Tecnomatix® portfolio, the industry-leading digital manufacturing software, combined with SIMATIC IT UA for Discrete Manufacturing covering the MES (Manufacturing Execution … [Read more...] about VinFast selects Siemens’ innovation platform to create a connected digital enterprise