return icon

PM signs directive to promote digital enterprises

Prime Minister Nguyen Xuan Phuc has signed a directive to promote the development of digital enterprises in Vietnam with a target of developing 100,000 tech firms by 2030.

PM signs directive to promote digital enterprises hinh anh 1

Visitors learn about AI-applied ICT services produced by a Vietnamese tech company at an ICT event in Hanoi. — (Photo: )



Digitaltransformation is creating new development spaces – digital economy, digitalsociety and e-government – based on rapid expansion of digital technologiessuch as artificial intelligence, Big Data, machine learning, deep learning,block chain, cloud computing and the Internet of Things.

This process opensup a great opportunity for Vietnam to make breakthrough developments, quickly catching up withdeveloped countries which have already started the transformation.

The VietnameseGovernment was pushing this process and digital enterprises – which adopt,transfer, study and develop products, platforms and solutions based on digitaltechnology – would play a key role in the transformation process, thedirective said.

Itasked Vietnamese digital firms to take the lead and create a breakthroughin the implementation of the “Made in Vietnam” strategy – an important policy whichencourages Vietnamese enterprises to make products instead of assembling,gradually mastering creation, design and production, while creating newservices, solutions and business models.

By 2030, Vietnam needs at least 100,000 technologybusinesses to develop the digital economy, build smart cities and e-government,promote the adoption of digital achievements in all fields and implementnationwide digital transformation.

The directivepoints out four types of digital businesses that need to be focused on. Theyare big corporations, commercial and services enterprises that shift operationsto digital technology and conduct research and investment in core technology;IT firms that have built brands and pioneered in researching and developingdigital technology and production; startups that apply digital technology tocreate new products and services; and innovative startups in digitaltechnology.

These firms areexpected to help Việt Nam become an industrialised country with rapid andsustainable development, reaching the goal of becoming a high-incomeeconomy by 2045.
The Prime Ministerasked ministers, heads of ministerial-level and Government agencies, provincialauthorities and leaders of State economic corporations to focus on 12solutions.

Among them isbuilding a national strategy for the development of Vietnamesedigital enterprises by 2030, which will be submitted to the PrimeMinister this year. Each sector and localities need to build their ownaction plans for 2021-25 and 2026-30.

One of the mostimportant tasks is to develop a controlled test policy framework for newproducts, services and business models that apply digital technology and submitthem to authorities for promulgation in 2020-21.

Authorities shouldformulate policies and solutions to create markets for digital enterprises,including startups developing programmes and projects related to e-government,smart cities, smart production and agriculture.

Studying andproposing a development fund for Vietnamese digital enterprises with privatecapital mobilisation and reporting to the Prime Minister this year was also onthe list. In the next five years, the programme must support at least 5-10companies to develop a number of key digital products which will become thepillar of Vietnam’s techenterprise ecosystem.

The directive alsorequired developing at least 5-10 digital technology platforms that couldbe shared to promote the application of digital products in socio-economicfields and put in use before 2025./.VNA


Re cakes: Phan Thiet’s specialty sweet treat

Re cake, a specialty of Phan Thiet City, Binh Thuan Province, tastes so delicious that no visitor can resist it.

A new move for open market operations

The State Bank of Vietnam (SBV) has recently made a new move regarding open market operations (OMO). Valuable papers are purchased at a competitive interest rate, instead of a fixed rate as before.

An insight into Vietnam’s indebtedness

National debt, or foreign debt, when reaching an excessive level, often leads to an economic crisis.

Nguyen eyes bigger competition after ASEAN Para Games wins

Tran Van Nguyen stands only 1.27m and has short arms and legs. But he has dominated the top podiums of many competitions.

Vietnam to have national marine spatial plan by 2030

A national marine spatial master plan is being developed, aiming to fuel the sustainable development of marine economic clusters and establish sea-based economic hubs by 2030.

Digital business lines developing well

Major tech companies are looking to expand in Vietnam, on the back of strong hardware export and IT figures for the country's telecom industry so far this year.

Vietnam targets launch of modern digital finance platform by 2025

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.

Vietnam, Southeast Asia find ways to rise amid difficulties

Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, according to experts.

CPI method of calculation is correct: economist

“Someone told me they had a feeling that the CPI is not correct. I asked them on what grounds. Scientifically, that cannot be proven,” said economist Vo Tri Thanh.

Real estate market is gaining balance: ministry

The real estate market of Vietnam showed signs of recovery and more balanced development in the second quarter of this year with increases in the number of successful transactions of apartments, houses and land.

What’s the future for the southeastern region?

Tran Dinh Thien, a respected economist, believes that if Vietnam can exploit its potential, it will be a big player in the world’s energy map in the future.

Experts warn of hot growth, oversupply of resort real estate

The massive development of resort real estate has led to an oversupply in the market.

Resorts infringing Phu Quoc Marine Protected Area forced to dismantle

Owners of dozens of illegal constructions of resorts and bungalows infringing Phu Quoc Marine Protected Area in Phu Quoc island in the Mekong Delta Province of Kien Giang will be forced to dismantle.

U.S. recommends adding birthplace info to Vietnam’s new passport

The U.S. is still reviewing Vietnam’s new passport and has asked visa applicants to submit their birthplace information.