“Vietnamese are proud of their intelligence. But why can’t we renovate industry to improve competitiveness?” entrepreneur Mai Huu Tin said. He hopes that one day, Vietnamese businesses will take over large automobile manufacturers of the world.

Vietnam produces 40,000 IT (information technology) workers a year, but it needs 100,000.

The HCMC government has cut a deal with Vietnam Posts and Telecommunications Group (VNPT) to deploy a series of digital transformation projects in the 2022-2025 period, toward building a sustainable smart city.

HCM City is coordinating with the World Bank to develop a data management strategy, aiming to help it better cultivate data for governance works, said Vo Thi Trung Trinh, Deputy Director of the municipal Department of Information and Communications.

Despite its high population, the lack of information technology workers has hindered the Mekong Delta region’s digital economic development.

Minister of Finance Ho Duc Phoc has signed a decision promulgating the Ministry of Finance's digital transformation plan to 2025, with vision to 2030.

Da Nang and the Ministry of Finance once again topped the Digital Transformation Index (DTI) rankings for 2021, the Ministry of Information and Telecommunications announced on August 8.

Prime Minister Pham Minh Chinh chaired the third meeting of the National Committee on Digital Transformation on August 8 to assess digital transformation pace during the first half of 2022 and devise tasks for the time ahead.

Geopolitical tensions in some notable hot spots, anti-COVID-19 measures of global manufacturing hub China, and the US Federal Reserve’s monetary policies could damper Vietnam economic recovery.

From Q1 2021 to Q1 2022, the number of online transactions in Vietnam increased twofold, and transaction value increased by three times. These are important factors that help develop the digital economy.

Huy Nguyen, vice chairman of the Vietnam Blockchain Association, said Vietnam has become an emerging market for blockchain thanks to its achievement in digital transformation and digital economy.

Digital transformation is considered the key to helping businesses overcome the current difficult period, seize market opportunities and recover strongly, heard a seminar held in Ho Chi Minh City on July 14.

Vietnam is expected to become the next digital tiger in Asia as the country pushes forward with its digital transformation strategies.

The Vietnamese government understands the cloud and digital transformation trends, and relevant authorities are working closely with public cloud vendors.

Affected by the Covid-19 pandemic, many provinces in Vietnam have paid special attention to e-commerce and have developed their own e-commerce trading floors.

With digital transformation being accelerated among government agencies and the business community, domestic and international providers of information security solutions are betting on new products and plans in Vietnam.

NTQ Solution and Tata Consultancy Services (TCS) have inked a partnership agreement to provide TCS BaNCS solutions to the Banking, Financial Services, and Insurance (BFSI) industry in Vietnam.

The Ministry of Information and Communications will exert efforts to create a modern and safe national digital infrastructure, and a new space for digital economic growth, and developing e-government towards the building of a digital government.

Perhaps digital transformation in tourism should begin with improving tourism websites and enriching their database, especially the official websites of tourism departments.

If Vietnamese enterprises want to compete with foreign rivals, they must make their own product eco-system learn and apply smart policies to dominate the market.