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Chairman of the municipal People’s Committee Phan Van Mai told an investment conference for HCM City’s green growth on January 24 that the southern largest economic hub has been identified as one of the world's 10 cities heavily affected by climate change.
He cited the latest research results published by the Institute of Environment and Natural Resources under the Vietnam National University - HCM City showing that on average, the total greenhouse gas emissions in the city exceed 60 million tonnes of CO2 each year.
Against the backdrop, HCM City has opted for green growth as its future development strategy, considering it the top priority to achieve economic prosperity, environmental sustainability and social equality, the official noted, adding that it has set the target of cutting gas emissions by 10% by 2030.
Addressing the conference, jointly held by the municipal People's Committee and the World Bank (WB), Carolyn Turk, WB Country Director for Vietnam, suggested HCM City put forth a suitable strategy to achieve the target.
HCM City should offer incentives to encourage the private sector to engage in the green transition, she said, pledging that the WB will support the city in the implementation of the emission reduction strategy and the access to financial sources.
On this occasion, the municipal People's Committee unveiled 28 projects that are calling for investment, covering high-tech, financial and commercial centre building, transport infrastructure, and waste water treatment, among others.
Digital technology drives development of circular economy
Digital applications to visualise material cycles and their roles to boost circular economy in Vietnam were spotlighted at a programme held in Hanoi on January 24.
The event was organised by the Ministry of Natural Resources and Environment’s Resource and Environment Communication Centre (RECC) in collaboration with the Environmental Generation and Material Cycles Bureau under the Ministry of the Environment of Japan.
Speaking at the event, Deputy Director of the RECC Vu Minh Ly stressed that the Vietnamese Government has committed to realising the net-zero target by 2050 and is striving towards the goal by issuing an array of documents and regulations on the development of the sustainable economic growth model, and promotion of recycling.
Meanwhile, Ko Matsuura from the Japan’s environmental generation bureau said that the ministries of environment of the two countries signed cooperation deals in waste management work, 3R (reduce-reuse-recycle) projects, and development of smart industrial parks, among others.
Japan, boasting considerable experience and advanced technologies, will contribute to improving the waste management in Vietnam, he added.
According to Japanese Ambassador to Vietnam Akira Hiroi, waste management is a universal issue that matters to every single nation across the globe.
As the amount of waste in Vietnam has increased over time while the country’s treatment models have shown irrationality, the Japanese Government hopes that it could contribute to the circular economy transition in Vietnam through not only existing cooperation programmes but also future ones.
Experts and environmental managers at the event introduced the circular system of smart materials and the potential to branch out this system at Vietnamese industrial parks.
Vietjet opens new route connecting HCM City with Chengdu
Vietjet continues to expand its international flight network with a new route connecting Ho Chi Minh City of Vietnam with Chengdu of China, contributing to promoting trade and tourism between the two cities and two countries as well.
Flight tickets between HCM City and Chengdu have been opened for sales from January 24. This new route will be inaugurated on February 10, 2024, the 1st day of the Lunar New Year with a frequency of seven return flights per week.
The flights depart from Tan Son Nhat International Airport at 19:10 (local time) and arrive at Chengdu Tianfu International Airport at 00:15 the next day (local time). The return flights depart from Chengdu at 00:50 (local time) and land in HCM City at 03:55 (local time).
Vietnam, UAE speed up negotiation for comprehensive economic partnership agreement
Officials from Vietnam’s Ministry of Industry and Trade (MoIT) and the UAE Ministry of Economy on January 24 agreed to speed up the negotiation for a comprehensive economic partnership agreement (CEPA) between the two countries.
Receiving Minister of State for Foreign Trade at the UAE Ministry of Economy Thani bin Ahmed Al Zeyoudi in Hanoi on January 24, MoIT Minister Nguyen Hong Dien hailed the Vietnam- UAE economic and trade cooperation in recent years.
The two countries have been expanding cooperation in many fields, notably the launch of their negotiation for Vietnam-UAE CEPA, he said.
Appreciating the efforts and results that the negotiation delegations of the two countries have made, the two officials discussed measures to address issues in which the two sides have different points of view.
Regarding bilateral cooperation, Minister Dien called on the UAE side to consider and facilitate business delegation exchanges and coordinate to organise trade promotion activities. He also proposed the UAE businesses to invest in Vietnam in some areas of mutual interest.
In the coming time, the two sides agreed to cooperate more closely to speed up the Vietnam - UAE CEPA negotiation process and conclude it soon.
Currently, the UAE is the largest export market and the second-largest trade partner of Vietnam in West Asia (after Kuwait).
In 2023, Vietnam's exports to the UAE reached over 4 billion USD and its imports from this market hit over 676 million USD, marking a year-on-year increase of 4.3% and 16% respectively.
Vietnam's main exports to the UAE include mobile phones, computers and components, electrical products, household electronics, pepper, seafood, footwear, textiles, grain products, plastic, and wooden furniture. It imports are raw plastics, liquefied petroleum gas (LPG), petroleum products, animal feed materials, metals, and chemicals.
Russian products eye Vietnam’s hotels at Moscow seminar
A seminar took place in Moscow on January 23, as part of a trade connectivity project, aiming to bring more Russian products into Vietnam’s hotels.
Co-hosted by the Russia-Vietnam Friendship Association (RVFA), the Russia-Vietnam Business Association (RVBA) and the Vietnam Hotel Association (VHA), the event focused on services and products catering to hotels and tourists in various areas such as construction, infrastructure, modern equipment, natural health and beauty care and food.
Attending the event were CEOs, major shareholders and marketing directors of about 40 companies representing various sectors in Russia and several other countries.
A representative of VHA highlighted Vietnam's achievements in economic development, noting its membership in numerous new-generation free trade deals and its confidence in burgeoning fields such as semiconductor technology and rapid digitalisation across sectors. Additionally, Vietnam's substantial export of familiar with Russian firms was also underscored.
VHA Chairwoman Do Thi Hong Xoan expressed readiness to welcome and assist Russian enterprises in exploring and establishing partnerships. She also promised incentives for stakeholders in projects, such as facilitating Russian products’ access to Vietnam's commercial system through the shortest route.
Representing the Vietnam Automation Association in Russia, Mai Hong underscored the significance of direct contacts and product introductions. She illustrated this point with a case where a Russian business, initially intending to sign an agreement with a Vietnamese partner, successfully concluded deals with multiple Vietnamese provinces following a trade promotion trip to the country.
Building on the success of this trip, Director of the RVFA’s Enterprise Centre Regina Budarina announced plans for another fact-finding trip to six Vietnamese cities and provinces in March.
The event reached its end with the signing of sci-tech cooperation agreements between the Vietnam Automation Association in Russia and the RVBA, as well as between the RVFA and the RVBA.
Can Tho calls for Japanese investment in agricultural production
Chairman of the Can Tho People's Committee Tran Viet Truong had a working session with Toshinao Tanaka, President of the Japanese-funded Takesho Food Vietnam Co. Ltd in the Mekong Delta city on January 24, discussing potential cooperation between the sides.
Truong told his Japanese guest that the Prime Minister has approved the master plan for Can Tho between 2021 and 2030, with a vision to 2050. Following this, the city is actively seeking investments in various sectors, particularly high-tech agriculture and agricultural production, within its industrial zones.
The authorities hope the business leader will help invite Japanese businesses to invest in these sectors, he said, stating that Can Tho is willing to facilitate their operation in the city.
In response, Toshinao Tanaka assessed that the Mekong Delta possesses abundant agricultural resources and untapped potential. Utilising advanced techniques and a fresh approach, the company aims to enhance the value of agricultural products in the region, he said.
He also revealed plans to coordinate with the Governor of Japan’s Niigata prefecture and Japanese businesses this year for a visit to Can Tho to explore potential collaboration projects.
Takesho Food Vietnam put into operation an 8-million-USD factory in the local Tra Noc 2 Industrial Zone in mid-2023. The plant boasts two production lines, including one for spice-mixing powder, capable of churning out 130 tonnes of products per month.
Mediterranean Shipping Company seeks investment opportunities in Can Tho
Secretary of the Can Tho Party Committee Nguyen Van Hieu and leaders of the municipal People's Committee, departments and sectors on January 24 worked with representatives of the Thanh Binh Phu My Joint Stock Company and the Mediterranean Shipping Company (MSC) to discuss investment opportunities in the Mekong Delta city.
At the meeting, Hieu informed the guests about the city, its advantages and potential to develop a large-scale transshipment port.
He said the construction of such port is in line with the city’s development. Under the city’s master planning scheme which has got the Prime Minister’s approval, a 155-ha area in Thot Not district is reserved for the port thanks to its favourable transport connection and close distance to O Mon thermal power centre and Tra Noc industrial park.
According to the planning scheme, that area has three main functions of seaport, logistics centre, and warehouse. Therefore, investors can choose to synchronously implement the whole 155-ha area to facilitate site clearance and resettlement, then have a clean land plot for the project construction.
Benoit de Quillacq, Managing Director of MSC Vietnam, introduced the hosts to the group which is now the world’s largest shipping line with 180,000 employees working at 675 offices in 155 countries.
He said Can Tho city’s planned port area matches the group’s development strategy, which can connect with MSC’s ports and other deep-sea ports in Vietnam.
Meanwhile, the Thanh Binh Phu My Joint Stock Company - the developer and operator of Phu My 3 specialised industrial park which is a key project of Ba Ria-Vung Tau province, asked the city's authorities for permission to build an industrial park - Phu My 3 Can Tho IP covering an area of 600 - 800 ha in Vinh Thanh district.
After studying and surveying the area, the company proposed the city's authorities revoke an initial area of about 600 ha in the planned Vinh Thanh IP (Phase 2) to develop the Phu My 3 Can Tho IP.
Japan’s Sojitz Corporation interested in smart industrial park development in Dong Nai
Vice Chairwoman of the Dong Nai provincial People's Committee Nguyen Thi Hoang on January 24 met with representatives from Japan’s Sojitz Corporation to discuss a plan to develop a smart green industrial park in the southern province.
Sojitz is a trading and investment corporation in Japan established in 2003 based on the merger of Nissho Iwai and Nichimen Groups. In Dong Nai, Sojitz is involved in the Long Duc Industrial Park in Long Thanh district.
At the meeting, a representative of Sojitz introduced the inter-city cooperation project of the Japanese Ministry of Environment to promote the development of smart green industrial parks. The project has been implemented for five years in 13 countries, including Vietnam.
Sojitz wishes to introduce the project to Dong Nai through its cooperation with Kobe city because the two localities share similar conditions in terms of industrial development, seaport, and airport services, he added.
The two provinces are suggested to cooperate in building a green, smart industrial park data platform, improving the efficiency of industrial waste treatment towards an industrial park model without CO2 emissions and energy saving.
Once implemented, the project will deepen the cooperation between Dong Nai and Japan’s Kansai region as well as improve the environment of the province's industrial parks.
Dong Nai provincial official Nguyen Thi Hoang assessed that the cooperation proposals by the Japanese group are consistent with the province’s goal of turning existing industrial parks into green and ecological ones.
She asked local authorities to coordinate with Sojitz to implement the roadmap it proposed for the 2024-2026 period.
Vietnam promotes tourism offerings at ASEAN trade fair
Vietnam brought a kaleidoscope of tourism offerings to the Travel Exchange (TRAVEX) Trade Fair, part of the ASEAN Tourism Forum (ATF) 2024 in Vientiane, Laos from January 22-27.
From sea, cultural and natural tourism to wellness and golf tourism, the Vietnamese Pavilion showcases the country as a safe, friendly, attractive and hospitable destination, while spotlighting the Visit Vietnam Year 2024 hosted by the northern mountainous province of Dien Bien.
The trade fair is an opportunity for Vietnam to introduce its tourism options, towards realising the set target of hosting 17-18 million foreign tourist arrivals in 2024.
As one of the most important activities within the ATF 2023, TRAVEX creates a venue for top industry policymakers, practitioners and suppliers of tourism products and services to meet and cooperate through various activities such as exhibitions, press meetings and conferences.
Domestic aviation industry poised for full recovery in late 2024
Vietnam’s aviation market is expected to fully recover in late 2024, closely tied to the positive trajectory of the Asia-Pacific, according to the Civil Aviation Authority of Vietnam (CAAV).
The agency cited the International Air Transport Association (IATA) as saying that the global aviation industry is forecast to make a full recovery by the end of this year, with the Asia-Pacific to report a net profit of 1.1 billion USD in the year.
The Vietnamese aviation sector would serve about 84.2 million passengers this year, up 15% from 2023 and 6% from 2019 when the COVID-19 pandemic broke out.
Of the volume, the number of international passengers is set at 42.7 million, representing increases of 15.8% and 6.4% as compared with 2023 and 2019, respectively.
Meanwhile, the industry would handle 1.16 million tonnes of cargo in 2024, up 8.5% year-on-year and equivalent to 92.2% of the 2019 figure, the CAAV added.
Domestic air carriers said they will operate about 33,800 flights during the Lunar New Year (Tet) holiday, or between January 24 and February 2, up 14% year-on-year and 21% as compared with normal days.
There will be some 24,200 domestic flights, representing increases of 2% from the same period last year and 27% compared with normal days; and 9,600 international flights, up 60% and 9% respectively.
The busiest routes include Hanoi-Ho Chi Minh City, HCM City-Da Nang/Vinh/Dong Hoi/Quy Nhon/Chu Lai/Thanh Hoa/Hue/Tuy Hoa, and Can Tho-Vinh, and vice versa.
The airlines expect to fly 7.2 million passengers during Tet, the biggest holiday in the year in Vietnam, of them more than 5 million domestic, up 4% year-on-year.
Infrastructure and policy key to unlock LNG potential
Industry leaders and economists discussed current challenges and proposed solutions for the development of Việt Nam's liquefied natural gas (LNG) sector during a workshop yesterday in Hà Nội.
Economist Trần Đình Thiên said the sector has much untapped potential as the country aims to integrate LNG into its energy sector, which will contribute significantly to national energy security, uphold international commitments, and serve the population and the government's economic development agenda. However, he said existing challenges and obstacles must be overcome to transform that potential into reality.
Nguyễn Quốc Thập, chairman of the Vietnam Petroleum Association (VPA), said while there is vast potential for investing in LNG development, the absence of necessary legal frameworks and pricing structures has been hindering the sector.
He stressed the importance of addressing these issues to expedite Việt Nam's LNG development agenda in 2024, aligning with the government's Power Plan VIII objectives.
Economist Đinh Trọng Thịnh said Việt Nam has set an ambitious goal for the sector with a plan to construct as many as 13 new LNG power plants with a combined capacity of 22,400MW by 2030. An additional two plants with a capacity of 3,000MW are planned for 2035. Currently, 13 approved investment projects for LNG power plants are in progress, with five actively advancing, four looking for investors, and the remaining four under consideration by local authorities.
He said, however, that the real challenge lies in the realisation that an LNG power project typically spans over eight years, posing a significant hurdle to achieving the plan of constructing 13 new LNG power plants by 2030.
Economists and industry insiders have long called for measures to address the country's infrastructure and policy-related issues to meet objectives set in the Power Plan VIII.
Firstly, comprehensive planning, with a focus on LNG import port projects, was deemed necessary to conserve social resources, drive economic development and stimulate the domestic LNG market. Investors require well-thought-out plans for ports, liquefaction facilities, pipeline systems and gas power plants to assess their capital investments.
Secondly, there was an urgent need for the government to enhance the legal framework as a basis for deploying LNG-related infrastructure. This includes regulations, technical standards and financial standards. Clear, feasible and practical policy mechanisms are essential for effective management and regulation, along with establishing a distribution system to access the market and promote international cooperation. A robust legal foundation is imperative to attract investments into LNG power projects.
During the workshop, Thịnh proposed the construction of modern LNG ports meeting international standards at strategic locations capable of accommodating large LNG carriers, ensuring absolute safety and port security.
Meanwhile, Việt Nam must build a comprehensive storage and distribution system for LNG, along with establishing liquefaction facilities in consumption areas as investors must rely on these plans to inject capital into building infrastructure and gas power plants, unlocking Việt Nam's potential in the LNG sector.
Cash dividends from banks boost investor interest
News of many banks planning to pay dividends, especially cash dividends, have attracted attention from investors in the first month of the New year.
Techcombank proposed an annual cash dividend payment of at least 20 per cent of total profit, equivalent to 4-5 per cent of the bank's equity at the beginning of the year, an estimated VNĐ1,500 a share for 2024.
Techcombank performed strongly in the last quarter of 2023 and delivered on all components of our full-year financial guidance, said Jens Lottner, Techcombank CEO.
"I am confident that our transformation strategy and established market-leading digital capabilities mean that Techcombank is well-placed for the future. We will submit to the upcoming AGM the proposal for a cash dividend policy, as a part of our continued long-term value creation for shareholders," he added.
In 2023, Techcombank's profit before tax reached VNĐ22.9 trillion (US$930.3 million), exceeding the plan of VNĐ22 trillion approved by the General Meeting of Shareholders in April 2023.
Previously, Vietnam International Commercial Joint Stock Bank (VIB) was the first bank to announce cash dividends this year.
VIB has decided to spend more than VNĐ1.5 trillion to advance the cash dividends in 2023 for existing shareholders at a rate of 6 per cent. Accordingly, shareholders who own 1 share will receive VNĐ600. The expected dividend payment time is February 21, 2024.
The bank's leaders at the 2023 Annual General Meeting of Shareholders said that if there are no restrictions from competent authorities, VIB expects to be able to pay dividends of over 30 per cent of the profit after tax achieved in 2023.
According to the financial model and feasibility forecast, VIB is expected to achieve profit after tax of VNĐ8.64 trillion last year, while its undistributed profits as of December 31, 2023 are expected to reach nearly VNĐ9.2 trillion.
Last year, VIB had two dividend payments in March and May with dividend rates of 10 per cent and 5 per cent, respectively. It also paid stock dividends to increase charter capital at a rate of 20 per cent.
The bank issued an additional 7.6 million ESOP shares to employees in June 2023. VIB's charter capital accordingly increased to nearly VNĐ25.4 trillion.
Similarly, Ngô Chí Dũng, Chairman of the Board of Directors of VPBank, said at the 2023 annual general meeting of shareholders that with VPBank's potential, the bank will pay cash dividends for five consecutive years and be allowed to pay at the rate of 30 per cent of annual after-tax profits to shareholders.
In 2023, VPBank spent nearly VNĐ8 trillion to pay dividends to shareholders. The lender plans to carry out cash dividend distributions in the upcoming years earlier, specifically in the first half of the year, in order to meet the shareholders' desires for the bank's profit allocation plan.
Chairman of the Board of Directors of Tiền Phong Commercial Joint Stock Bank (TPBank), Đỗ Minh Phú stated that if business operations are favourable and achieve significant growth, the bank will continue to pay cash and stock dividends to shareholders in the future.
"The dividend payout ratio will be considered by the Board of Directors from time to time, but the cash portion will account for a significant amount," Phú said.
Last year, TPBank disbursed about VNĐ4 trillion to pay cash dividends to shareholders at a rate of 25 per cent.
HDBank, Asia Commercial Joint Stock Bank (ACB) and MBBank also distributed a portion of cash dividends in 2023.
For shareholders, the cash dividend distribution reflects the strength of the banks, indicating a solid capital foundation and translating into tangible returns on their long-term investments.
However, banks are also encouraged to distribute dividends in the form of shares to bolster their capital and strengthen their financial resilience against future risks.
Ensure flexibility, proactivity in price management to control inflation
Deputy Prime Minister Lê Minh Khái has asked for price management to be implemented in a flexible and proactive manner to control inflation within the target set by the National Assembly.
Khái said at the conference to implement 2024 price management tasks on Tuesday that the National Assembly’s Resolution on socio-economic development plan in 2024 continue to put priority on promoting growth associated with consolidating macroeconomic stability, controlling inflation, and ensuring major balances of the economy.
Accordingly, the target for gross domestic product (GDP) growth rate is set at 6-6.5 per cent and consumer price index (CPI) at 4-4.5 per cent.
Noting that minimum wage is increasing from the beginning of July coupled with a higher credit growth target and unpredictable factors which might cause fluctuation in prices of some necessary goods such as petrol and oil, and food, Khái said that the accuracy of the forecast must be enhanced to develop prompt responses.
As Tết (Lunar New Year) holidays are coming near, Khái urges the management to be enhanced to ensure adequate supply of goods and services as well as stabilising prices.
A roadmap must be developed for adjustments in prices of State-managed goods and services, including healthcare, education and petrol and oil, he said.
Stressing flexibility and proactivity in price management for the entire 2024, Khái asked relevant ministries, agencies and localities to ensure adequate supply, prevent any possible disruptions and have timely measures to deal with unusual developments in prices or supply.
Khái asked the Ministry of Finance to coordinate with relevant ministries and agencies to issue documents guiding the implementation of the Law on Price to wipe out legal gaps.
According to the Ministry of Finance’s report, CPI rose 3.25 per cent in 2023, within the National Assembly’s target. Core inflation rose by 4.16 per cent.
As difficulties are predicted to persist, including adverse external factors and internal problems, this year, Deputy Minister of Finance Lê Tấn Cận said that besides measures to control inflation, it is necessary to strengthen support to production and business to overcome the difficult time.
The adjustments in prices of State-managed goods and services must be appropriate in terms of levels and points of time.
The Price Management Steering Committee raised 3 inflation scenarios with average CPI forecasts to increase by 3.52 per cent, 4.03 per cent and 4.5 per cent.
New strategy is expected to promote logistics service development
The State will perfect institutions for logistics activities, and promote investment in infrastructure construction to develop logistics services, according to the draft of a development strategy for Việt Nam's logistics industry by 2030, towards 2050.
At a workshop to collect opinions on the draft of this development strategy held by the Ministry of Industry and Trade in Hà Nội on Wednesday, Trần Thanh Hải, deputy director of the Import-Export Department under the Ministry of Industry and Trade (MoIT), said that the draft also provides solutions to increase internal strength of the enterprise and have training of high-quality human resources for this industry.
This draft sets the goal of sustainable development of Việt Nam's logistics service industry with high quality and high added value services, and to have competitiveness in the region and the world.
By 2030, the logistics service industry's contribution to the national GDP will reach 6-8 per cent, and the rate of outsourcing logistics services will reach 60-70 per cent. Việt Nam will rank 45th on the Logistics Performance Index (LPI).
By 2050, this contribution to GDP will reach 12 - 15 per cent, and the rate of outsourcing logistics services will reach 70-90 per cent. The LPI will rank 30th.
Lã Hoàng Trung, director of the Postal Department, under the Ministry of Information and Communications, said that the Ministry of Industry and Trade and localities need to coordinate to optimise benefits in developing develop logistics activities.
Appreciating the draft of strategy for developing Việt Nam logistics services to 2030, Lê Quang Trung, vice chairman of Việt Nam Logistics Business Association (VLA) said that synchronous and connected development is extremely important. It is necessary to build strategies for developing deep-water ports and international transhipment ports, Việt Nam's free trade zone development strategy, and a strategy for international cargo connection.
Quang Trung also said that green supply chain management and development is a global trend. Therefore, a synchronous solution is needed, from setting standards, incentives, to having inspection and supervision as well as promoting international cooperation.
Phạm Hoài Chung, deputy director of the Institute of Transport Strategy and Development under the Ministry of Transport, said that the draft needs to clearly indicate methods and ways to promote further application of technology in logistics, creating a breakthrough for Vietnamese logistics, especially in the field of transportation, which currently accounts for 60 - 70 per cent of costs and roadmap.
It is necessary to determine which localities have enough advantages to develop into national logistics service centres, linking among provinces and cities in the region, and between Việt Nam and other countries.
Emphasising the role of rail transport in this draft is key to reducing risks in maritime transport, said Chung.
The ministry should also add the East-West corridor to this draft. Vietnam has a long coastline, so it needs to be a strategy to link to the corridor in the logistics development process.
Speaking at the conference, Trần Duy Đông, director of MoIT's Import-Export Department, said that after seven years of implementing the action plan to improve competitiveness and develop Việt Nam's logistics services by 2025, the logistics service industry has contributed greatly to economic activities, especially export, production, and goods circulation and distribution in the domestic market.
Việt Nam's total import-export turnover rose from US$428.1 billion in 2017 to $681.1 billion in 2023 with an average growth rate of about 8.4 per cent per year for the entire period 2017 - 2023.
Việt Nam currently has more than 34,000 businesses operating in the logistics industry.
E-handbook promotes digital transformation from grassroots level
The Ministry of Information and Communications (MIC) has launched “Lang So” (Digital Village) e-handbook at https://langso.dx.gov.vn and https://www.facebook.com/lang.so.mic to help communities promote digital economy and digital society from the grassroots level, contributing to the country's digital transformation process.
The app introduces about 30 "Make in Vietnam" digital platforms aimed at solving people's needs in the daily life. Each digital platform helps people easily access services, utilities, and optimise the benefits brought by digital technology.
Each person, village, based on internal resources, culture, and local characteristics, can choose to build their own “Digital Village”. About 50 typical stories, associated with more than 100 typical and outstanding people, are introduced in "Digital Village".
The MIC will regularly update and adjust information on the "Digital Village" e-handbook to meet practical demand. The initiative was inspired following the “Digital Transformation Handbook” which helps people use digital technology to solve problems in the daily life and stay ahead in the ever-evolving digital landscape.
The digital economy plays an important role as a growth driver of the economy. The e-handbook on digital platforms contributes to inspiring and equipping skills for everyone. It also helps to open up opportunities for each citizen to better understand how digital technology is applied to all aspects of life.
The handbook is provided for free on three platforms including its website, Facebook and Zalo.
Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes
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