Vietnam is prepared to not only continue its emergence as an upper middle-income nation in the next few years but also its endeavour of leading the region in the application of science and technology.

Many telecom groups gained bigger roles in the industry in 2020, driven by the country’s digital transformation acceleration, and are now making plans for 2021.

The Vietnamese IT market has seen a strong increase in digital products, platforms, and services in 2020, with many gaining bolder steps in domestic and international markets.

Traditional markets and groceries still hold the largest share of the consumer retail market, but new business models are scrambling for a piece of the pie.

Enduring the hardest-ever period, international investors in Vietnam have been heading to technology-driven new business models during 2020 in a bid to weather the storm of COVID-19, 

Improving corporate governance and listing shares on the bourse were the major activities of banks in 2020. Digital transformation was also accelerated.

When solving the challenges of the 4.0 era and setting 'impossible' goals for themselves, digital technology businesses will help Vietnam grow significantly.

Vietnam has made impressive steps in its digital transformation journey in 2020, with strong aspirations and ambitious targets set through the launch of the Make in Vietnam programme.

The educational sector gained brilliant achievements in 2020 despite difficulties caused by Covid-19.

The Vietnam Chamber of Commerce and Industry (VCCI) has released a report on the role of private businesses in providing public services in Vietnam.

According to some reports, Vietnam now ranks 21st in the world in terms of the development of artificial intelligence (AI), which is expected to contribute 12% to the country’s GDP. 

Over the years, we have always been in the position of a technology outsourcing country. So what is the road to develop Vietnamese technology businesses?

At the National Forum on Developing Digital Technology Businesses 2020, Deputy Minister of Information and Communications Phan Tam read a letter from Prime Minister Nguyen Xuan Phuc to the Vietnamese digital technology business community.

Minister of Information and Communications (MIC) Nguyen Manh Hung has called on every Vietnamese citizen and enterprise to take part in “Make in Vietnam” and tell their own Vietnamese story.

More than 12,000 enterprises are currently using the MISA AMIS platform, which is one of the digital platforms under the Make in Vietnam campaign, helping enterprises embark on the digital transformation process.

Prime Minister Nguyen Xuan Phuc has approved a project to complete a database on natural resources and the environment connected with the information systems and databases of ministries, sectors, and localities.

The government considers the development of telecommunication infrastructure and IT as one of its top priorities.

"Vietnam's overall economic growth rate is below 10%. The growth target for digital technology enterprise should be set at 15-20% and even more," said Deputy PM Vu Duc Dam at the National Forum for Developing Technology Enterprises.

A national forum aimed at fostering the development of local digital enterprises kicked off on December 23 in the capital as part of a one-year review since the implementation of the “Make in Vietnam” strategy.

Vietnam has gained major achievements after more than 20 years of opening its doors to the internet.