Vietnam pushing ahead with accelerated digitization

14:34 | 17/03/2020 Science - Technology

(VEN) - Vietnam will prioritize digitization-oriented investment in institutions, infrastructure, cybersecurity and training in a bid to become a top-50 and top-30 IT (information technology) country by 2025 and 2030, respectively.

vietnam pushing ahead with accelerated digitization

The Politburo’s Resolution 52-NQ/TW dated September 27, 2019 on participating in the Fourth Industrial Revolution (Industry 4.0) confirms Vietnam’s digitization orientation. According to the resolution, the digital economy will contribute 30 percent to Vietnam’s gross domestic product (GDP) by 2030.

The government established a National Committee on e-Government to build a legal framework for e-government, digital economy and digital society development. The Ministry of Information and Communications drafted a national digital transformation scheme, according to which the digital economy will grow 20 percent annually, Vietnam will become a top-20 and top-3 global competitiveness index (GCI) country in the world and ASEAN (the Association of Southeast Asian Nations), and a top-50 e-government country with all administrative procedures provided at levels 3 and 4 and an 8-10 percent labor productivity annual growth by 2030.

The Ministry of Information and Communications set 2020 as a Year of National Digital Transformation as a milestone in Vietnam’s digitization journey.

Minister of Information and Communications Nguyen Manh Hung said digitization changes the goods produced, modes of production and production infrastructure. Digitization will also change perceptions of the future and related socioeconomic relationships, he said.

Digitization is opening up great opportunities for Vietnam. Nguyen Quang Vinh, Director of Core Technology Center, Viettel Business Solutions said digitization provides resources for businesses, and helps the government and investors operate more efficiently. Recent research shows that artificial intelligence (AI) makes up 39 percent of digitization. However, there are only about 22,000 AI engineers including 5,000 high-quality AI engineers worldwide. Vietnam has a young population with good computing capability, which provides great potential for AI development, Vinh said.

Phan Thanh Son, Chief Technology Officer, FPT Information System said digitization will change business models, modes of business operation and even change thinking, skills and the labor force. If businesses do not digitize, they will surely lag behind others and be driven out from the market. Digitization will result in better products at lower prices and higher productivity.

Vietnam is the fastest-growing digital economy in the Asia Pacific (APAC) region. It has pegged digital transformation as a key strategy to boost the national economy, and has ambitious goals for the digital economy to contribute 30 percent to the country’s GDP by 2030.

Quynh Nga