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/ February 13, 2021

2020 the dawn of national digital transformation: Insiders

Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam’s information and communications sector must seize the special opportunities presented by COVID-19 to help the country take the lead in digital transformation, Minister of Information and Communications Nguyen Manh Hung has said. 2020 saw a rigorous start to digital transformation in all fields. The Ministry of Information and Communications (MIC) built numerous programmes and plans over the course of the year to facilitate a prompt digitalisation process towards digital transformation as well as the engagement of businesses in the information technology (IT) sector. A programme introducing “Make in Vietnam” tech products has to date endorsed nearly 40 such products and platforms in digital technology. Minister of Information and Communications Nguyen Manh Hung speaks at the national forum on developing Vietnamese digital technology businesses in Hanoi last December (Photo: VNA) Vietnam’s advantages in digital transformation lie in a strong contingent of telecoms and IT businesses and nationwide infrastructure. Of particular note, in 2020, the IT sector quickly teamed up with others to develop digital products serving efforts in COVID-19 prevention and control and adapting to the “new normal”. As a result, Vietnam was deemed to be among the world’s leaders in digital platform development during the time of the pandemic. Furthermore, via the “ Make in Vietnam ” campaign, Vietnamese tech giants have launched numerous products of global quality, which are gaining a foothold in the international market. A session of the the national forum on developing Vietnamese digital technology businesses last December (Photo: VNA) Deputy Prime Minister Vu Duc Dam said that to facilitate digital transformation, the Government will soon complete institutions and regulations and roll out suitable strategies, mechanisms, and policies on improving the business climate. He also called on …

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/ February 17, 2021

Digital economy predicted to reach $43 billion by 2025

Vietnam’s digital economy is expected to reach $43 billion by 2025, according to the e-Conomy Southeast Asia report from Google, Temasek and new partner Bain & Company. A customer uses smart phone to scan code on a product Nguyen Quang Dong, Director of the Institute for Policy Research and Communication Development, said digital service industry is recording the fastest growth and is suitable with Vietnam’s strengths such as a young population who love technology and social networks. Digital technology and the digital economy will be key drivers helping Vietnam increase workplace productivity, escape the “middle-income trap”, and realise the objective of becoming a middle-class developed economy by 2040, Dong said. Vietnam’s internet infrastructure and digital payment services remain limited, however, while the country still lacks a legal framework for digital assets, he said, stressing that the legal model of the 20th century no longer suits the digital economy. Dong also underlined the need to promote international cooperation, especially in joining the building of new regulations and their enforcement through legal frameworks for the region. A study by the Institute for Global Leadership under the US-based Tufts University revealed that Vietnam ranks 48th out of 60 countries and territories globally in terms of rapidly switching to a digital economy, and 22nd in digitisation development. In the last five years, with the boom of smartphones, the internet, and social networks, digital technology and digital transformation have developed rapidly in Vietnam, shaping a fledgling, dynamic digital economy with great potential. Vietnam’s digital economy is made up of four main groups: e-commerce, online tourism, digital communications, and logistics technology. The country, together with Indonesia, holds the lead in digital economy growth in Southeast Asia. The two pacesetters are both posting growth in excess of 40 percent a …

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/ May 28, 2020

Facebook supports Vietnam’s digital transformation in first-ever program

The Hanoitimes - The program is designed exclusively for Vietnam amid a rise in Facebook users in the country. The “Facebook for Vietnam” program that puts existing and newly created programs in Vietnam under one hashtag is a way that the world's largest social media platform has launched to assist the digital transformation in the Southeast Asian country. Daniel Kritenbrink, US Ambassador to Vietnam. Photo: Facebook Vietnam In partnership with the US Mission to Vietnam partners, this program is part of activities to celebrate the 25th anniversary of the Vietnam-US relations. To be launched from May to December 2020, the campaign with the hashtag #fb4vn is a first-of-its-kind comprehensive program designed exclusively for Vietnam. The program includes five pillars namely Innovation, Safety and Digital Literacy, Community, Cities, and Digital Economy. #fb4Innovation covers start-up supporting initiatives, programmers, and innovation-driven campaigns. #fb4Safety and Digital Literacy focuses on safety on social networks, including protective measures for women and children, prevention of child abuse, and digital skills equipped for youth. #fb4Community includes initiatives to bring people together and use technology for good. #fb4Cities supports localities in their efforts to build e-government and smart cities through coordinated programs in various fields. #fb4Economy contributes to the business community, mostly small- and medium-sized enterprises, and promote tourism and education in Vietnam after Covid-19. Number of Facebook users in Vietnam from 2017 to 2023. Source: Statista “As we celebrate the 25th anniversary of diplomatic relations this year, the “Facebook for Vietnam” campaign, which further expands Facebook’s socio-economic development projects throughout the country, demonstrates both Facebook’s and the United States’ long-term commitment to the prosperity of Vietnam,” said …

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