ITU Digital World 2020: Businesses expect new opportunities

Enterprises operating in the telecommunications and IT sectors around the world say they have found new business opportunities during the Covid-19 pandemic, but also need incentive policies from governments.

Held online for the first time, ITU Digital World 2020 opened on October 20 with the theme "Building the digital world together". The global ICT event was co-organized online by the Vietnamese Ministry of Information and Communications and the International Telecommunication Union (ITU) on the Make in Vietnam platform at https://digitalworld2020.vn. 

New business opportunities

ITU Digital World 2020: Doanh nghiệp kỳ vọng vào các cơ hội mới

Many businesses are expected to receive support from governments during and after the pandemic.

Not only noting the importance of ICT to help us get out of crisis, especially the Covid-19 pandemic, representatives of many countries and businesses attending the ITU Ministerial Roundtables, a major event under the framework of the ITU Digital World 2020, said that they have found new opportunities for development.

Mr. Sunil Bharti, President of Bharti Enterprise (India), said IT is one of the most important pillars in the digital age. "It's hard to imagine a world without connection," he said. He also said that the development of businesses in the ICT industry can benefit developing countries, especially in infrastructure investment, bandwidth expansion, networking, fiber optic cables, satellite…

However, according to the President of Bharti Enterprise, governments need to support citizens and businesses through tax exemptions. The high tax rate is the biggest difficulty for telecommunications businesses in many countries. "If ICT can really change the game, we need support and incentives, especially tax incentives," said Mr. Sunil Bharti.

Expressing his views on growth opportunities in the challenging times, Mr. Evgeny Kaspersky, Karpersky CEO, said that his network security firm is working to meet the growing demand for information security. “Network infrastructure and security are the two biggest demands of government agencies and businesses today. We are supporting and providing customers with the best cybersecurity solutions and tools, to ensure that individuals access education in the safest way,” he said.

He also expressed optimism about the new development signals. “We can still develop our abilities in the new normal context. I believe that Covid-19 has helped develop new services, new habits, so the post-pandemic world will become brighter."

Discussing the development prospects of new services, especially 5G, Mr. Marc Vancoppenolle, Global Head of Government Relations of Nokia, said that when the pandemic broke out, the traffic increased to 30 - 40%. And this number will continue to increase because distance learning and working are a global trend. “We must have enough bandwidth to close the connection gap; to ensure that students can study and workers can continue working remotely. The process of upgrading to 5G network is a step that can meet this need,” he said.

The representative of Nokia affirmed that investment in broadband should be a priority of the telecommunications industry worldwide, and one of the initiatives included in the plan to cope with Covid-19. However, that is not enough because we have to perform digital transformation in small business. Small and medium businesses expand their scale not only physically, but also in cyberspace. "With current technology, we can expect the digital economy to thrive in the future," said Marc Vancoppenolle.

Countries change their policies to adapt

ITU Digital World 2020: Doanh nghiệp kỳ vọng vào các cơ hội mới

The ITU Ministerial Roundtables is being held online for the first time.

 

In his speech, ITU Secretary-General Houlin Zhao said that at many meetings, businesses had expressed their commitments and hopes that government agencies can create better conditions in terms of the environment and institutions so that businesses can invest in ICT development. This is also an issue discussed by leaders of the ICT industry of many countries during the ITU Roundtables.

Mr. Ghazi Al-Jobor, Chairman and Executive Secretary General of the Jordan Telecom Commission, believes that ICT plays an important role in the pandemic response, but it is important to deliver telecommunications and IT services to all people. “Our regulatory bodies have been active in policy-making, drafting and cooperating with international organizations in the codification of international laws and documents. We have allocated the system of bandwidth, digital resources for infrastructure development, and licensed organizations to use them to promote efficiency."

With the strong increase in demand for ICT services during the period of social distancing, the representative of Jordan said his country had written requests for network operators to provide many service packages to serve the people and at the same time it changed many policies, creating conditions for businesses in the industry to provide the best services.

In Singapore, IT solutions have increased dramatically during the pandemic. Mr. Keng Thai Leong, General Director of International Affairs of the Infocomm Communication Development Agency (Singapore), said that Singapore has developed many mobile applications to provide information to people. The Government expanded its policies and services, aiming to improve the capacity of the entire society to cope with Covid-19.

Mr. Keng Thai Leong said that Singapore has built many policies and platforms to serve businesses, especially small and medium enterprises. These services and solutions are completely free, supporting businesses to self-innovate and apply digital technology to respond and continue to develop after the pandemic.

Duy Vu

Laying foundations for a better, more connected and more secure world

Laying foundations for a better, more connected and more secure world

Expecting that the ITU Ministerial Roundtables will lay the foundations for a better, more connected and safer world, ITU Secretary-General Zhao Houlin emphasized that countries must work together to narrow the digital gap.

ITU Ministerial Roundtables: Cooperation in mission to 'build the digital world together'

ITU Ministerial Roundtables: Cooperation in mission to 'build the digital world together'

The ITU Ministerial Roundtables, which opened on October 20, emphasized cooperation in digital transformation and sustainable development.

Vietnam becomes a shining example in IT development

Vietnam becomes a shining example in IT development

Mr. Houlin Zhao - Secretary General of the International Telecommunication Union (ITU) - said Vietnam is a shining example of IT development. 

Vietnam to host ITU Digital World 2020 in October

Vietnam to host ITU Digital World 2020 in October

Vietnam will host the ITU Digital World 2020, expecting to attract hundreds of technology businesses from across the globe.

 
 

Other News

.
VN game industry can become big exporter: experts
VN game industry can become big exporter: experts
BUSINESSicon  07/06/2021 

Vietnam’s mobile game market has huge potential and games can become one of the country’s major exports, experts have said.

Ministry denies proposing price stabilisation fund for steel
Ministry denies proposing price stabilisation fund for steel
BUSINESSicon  07/06/2021 

The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

VN auto manufacturers hit hard for last two years
VN auto manufacturers hit hard for last two years
FEATUREicon  07/06/2021 

The Vietnamese auto market prospered for a few years before being affected by the Covid-19 pandemic, but sales of locally assembled cars have fallen.

Supermarkets report dramatic increase in online orders these days
Supermarkets report dramatic increase in online orders these days
BUSINESSicon  06/06/2021 

Some supermarkets and fast food stores in districts 12, Tan Binh, Hoc Mon yesterday announced a dramatic increase in online orders, up by 3-5 times compared to prior days.

New COVID-19 outbreak puts a halt to more domestic flights
New COVID-19 outbreak puts a halt to more domestic flights
BUSINESSicon  05/06/2021 

Given COVID-19 developments, the Ministry of Transport (MoT) has approved the suspension of passenger flights to Con Dao Island and those linking Quang Ninh and Gia Lai provinces with Ho Chi Minh City.

Made-in-Vietnam wooden products conquer US market
Made-in-Vietnam wooden products conquer US market
BUSINESSicon  05/06/2021 

Boasting huge production advantages and capitalising on good market opportunities, Vietnam’s furniture sector has stood firm amid COVID-19 and improved its position in the global market and especially in the US.

Hanoi wants to tax abandoned villas
Hanoi wants to tax abandoned villas
BUSINESSicon  04/06/2021 

Hanoi has proposed to the Ministry of Finance the imposition of a tax or fine on owners of half-finished and abandoned townhouses and villas which were causing considerable waste of land resources.

VN may have to reduce renewable power in the next five years: energy institute
VN may have to reduce renewable power in the next five years: energy institute
BUSINESSicon  04/06/2021 

It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.

Vietnam Airlines to sell 11 aircraft
Vietnam Airlines to sell 11 aircraft
BUSINESSicon  04/06/2021 

The national flag carrier Vietnam Airlines has announced the plan to sell 11 A321ceo aircraft made in 2004, 2007 and 2008.

VIETNAM BUSINESS NEWS JUNE 5
VIETNAM BUSINESS NEWS JUNE 5
BUSINESSicon  05/06/2021 

Demand for deposits soar as cashless payments become more popular

Covid-19 pandemic helps clean up condotel market in Vietnam
Covid-19 pandemic helps clean up condotel market in Vietnam
BUSINESSicon  04/06/2021 

Severe economic impacts as a result of the pandemic have put more stress on the local condotel market.

IPs set up, but Vietnam still needs to do more to attract investors
IPs set up, but Vietnam still needs to do more to attract investors
BUSINESSicon  03/06/2021 

There were positive developments of industrial parks in Vietnam in the first five months of the year, but experts still say the country should do more to attract big investors.

CPI growth in Jan-May lowest in five years
CPI growth in Jan-May lowest in five years
BUSINESSicon  03/06/2021 

The country’s consumer price index (CPI) in the first five months of the year grew 1.29% year-on-year, the lowest for the period since 2016, according to the General Statistics Office.

New policies needed to boost Vietnamese private sector
New policies needed to boost Vietnamese private sector
FEATUREicon  06/06/2021 

While foreign-invested enterprises (FIEs) have been growing and prospering, Vietnamese enterprises have been developing inadequately because they lack favorable conditions to thrive.

Deposit interest rates rising despite pandemic
Deposit interest rates rising despite pandemic
FEATUREicon  05/06/2021 

After many months of staying at low levels, deposit interest rates at banks have increased since late May.

Ministry of Finance proposes keeping fee reductions until end of 2021
Ministry of Finance proposes keeping fee reductions until end of 2021
BUSINESSicon  03/06/2021 

The Ministry of Finance has proposed extending the reduction periods of several fees beyond the current expiration date of June 30.

Nearly 60,000 businesses withdraw from market
Nearly 60,000 businesses withdraw from market
BUSINESSicon  03/06/2021 

The number of newly established enterprises is still increasing, but the rate of businesses withdrawing from the market has also risen.

LG pulls out of smartphone production in Vietnam from today
LG pulls out of smartphone production in Vietnam from today
BUSINESSicon  02/06/2021 

Today, June 1, is the last day that South Korean conglomerate LG produces smartphones in Vietnam before it focuses on making home appliances only.

VIETNAM BUSINESS NEWS JUNE 3
VIETNAM BUSINESS NEWS JUNE 3
BUSINESSicon  03/06/2021 

 Stock market hits historic peaks

Investment into local start-ups expected to rise this year
Investment into local start-ups expected to rise this year
BUSINESSicon  01/06/2021 

The investment capital into Vietnamese start-ups this year would see a breakthrough despite a year-on-year decrease of 48 per cent in 2020 to reach US$451 million.

 
 
 
Leave your comment on an article

OR QUICK LOGIN