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Update news data economy
The explosion of digital technology, big data, AI, the Internet of Things (IoT), intelligent automation and super-quantum technologies is fundamentally transforming the quality of productive forces
Vietnam’s automation must evolve with AI, but local tech is needed to stay in control, experts stress.
A defining feature of digital capitalism is the privatization of data and knowledge - resources that are, in fact, generated by the collective participation of billions of people.
Prime Minister Pham Minh Chinh, who heads the National Steering Committee on Data, chaired its first meeting on January 12.
Vietnam is entering the data age with bold ambitions to turn raw data into a powerful engine for sustainable growth.
Nguyen Thanh Hoa, Deputy Director of the HCMC Digital Transformation Center, has spoken about the importance of a roadmap for infrastructure upgrades and the new data governance strategy.
With its National Data Center, Vietnam is sending a clear message: data is no longer for storage - it's for transformation.
Vietnam’s data exchange platform should be built on pioneering regulations, cutting-edge technologies, and a highly skilled workforce as its core drivers, said Prime Minister Pham Minh Chinh.
Prime Minister Pham Minh Chinh on October 20 signed a decision on the establishment of the National Steering Committee on Data (steering committee).
As data becomes a strategic resource for every country, forming a network of experts capable of gathering insights, building connections, and contributing ideas for data-driven economic growth is now an urgent necessity.
Major General Nguyen Ngoc Cuong, Director of the National Data Center, has warned that Vietnam is facing the risk of "data colonialism" as the majority of user data remains stored on foreign platforms.
The government allocates USD 39.2 million to support data tech, security, and AI development.
Ensuring transparency and security are top priorities in the formation of a data marketplace, experts have said.
Vietnam has great opportunities to take full advantage of data for economic development. The data economy will reshape the picture of Vietnam’s economy.
Population data resource is one of the most important and valuable resources of a country as digital transformation is associated with all activities of the people.