return icon Vietnamnet.vn

Vietnam in digital era: outlook optimistic but risks exist

VietNamNet Bridge - Vietnam has a solid ICT platform thanks to the presence of foreign technology groups and the strong rise of Vietnamese technology startups in the last 10 years.
VietNamNet Bridge - Vietnam has a solid ICT platform thanks to the presence of foreign technology groups and the strong rise of Vietnamese technology startups in the last 10 years.


{keywords}



In 2016, a wireless sensor system was installed in a catfish cultivation area in Dong Thap Province which controls the water quality, thus minimizing the risk of disease.

If the model is applied on a large scale, the country would be able to save 40-50 percent of production costs, or $12,000 every six months for each cultivation area.

This example is cited in Vietnam Today, a report prepared within the framework  of Vietnam's Future Digital Economy, an innovative joint project between Australia's Data61|CSIRO and Vietnam's Ministry for Science and Technology. 

The report addresses the feasibility of the application of technologies in industry and agriculture, which make up most of Vietnam’s export products.

GPS technology, sensor networks and remote control over the internet can provide real-time information on climate conditions, crops and livestock, thereby optimizing the farming process. 

This increases productivity and nutritional value, and saves production costs.

GPS technology, sensor networks and remote control over the internet can provide real-time information on climate conditions, crops and livestock, thereby optimizing the farming process. 

Meanwhile, blockchain technology could address the problem of food safety in Vietnam, mainly because it could raise confidence among buyers, sellers and growers. 

The use of blockchain technology prevents cheating and fraud in food origin and processing, while ensuring accurate information about products, from farm to table.

In the field of production, with the maturity of technologies related to big data collection, analysis and processing, more reasonable decisions about user needs, maintenance of machinery, and quality control of each product can be made.

The report points out that Vietnam has reason to be optimistic about the prospects.

IT is one of the fastest-growing fields in Vietnam, with total revenue increasing by 10 times within six years (2010-2016), from $7.6 billion to $67.7 billion. 

ICT devices are now Vietnam’s major export items, including mobile phones and broadcasting equipment.

With the presence of leading technology groups such as Samsung, Intel, Dell and LG, products with high complexity are being assembled in Vietnam. These include half of Samsung’s S8 and S8 Plus, and 80 percent of Intel’s CPUs.

PC Journal called Vietnam ‘SE Asia’s Silicon’, pointing out that all newly emerging industries have entered Vietnam and will be exploited by startups, including the sharing economy, fintech, telehealth and digital content.

However, Vietnam has been warned of risks related to the labor force. Vietnamese productivity is still lower than that of most ASEAN countries. 


RELATED NEWS

HCMC offers great investment opportunities in sensor market

Camera, sensor, and IoT devices in Vietnam vulnerable to cyber attacks


Thanh Lich

MORE NEWS

VIETNAM NEWS HEADLINES OCTOBER 6

HCM City to be next destination of Italian Film Festival 2022

2023 AFF Club Championship schedule, structure announced

The 2023 ASEAN Football Federation (AFF) Club Championship will start on September 27 2023, and end on May 15, 2024, the AFF Competition Committee announced at an online meeting on Monday.

HCM City’s dengue fever deaths highest in decade

HCMC recorded some 25 deaths due to dengue by October 2, the highest in a decade, according to the HCMC Center for Disease Control.

Hospitality providers in Hanoi Old Quarter revive

Hospitality providers in Hanoi’s Old Quarter have been gradually recovering from the COVID-19 pandemic. Since March 15, most of them have so far been brought back to life.

After discovery of fake VietGAP-certification, 12 units under probe

After local media reported about vegetables with counterfeited VietGAP certificates, the Ministry of Agriculture and Rural Development (MARD) asked for a review of 12 certification units and threatened to strictly punish any violators.

Another three Vietnamese digital platforms qualify for being popularized

Vietnam is expected to maintain its seventh place in the number of new app downloads globally.

Foreign travel website suggests 10 best things when visiting Vietnam

Kayaking in the waters of picturesque Cat Ba island and taking a food tour to sample delicacies around Ho Chi Minh City are among the 10 best things to do in Vietnam, according to UK-based travel website Time Out.

Vietnam’s coconut kingdom protects organic coconut areas by biological methods

When the trend of consuming organic products is increasingly popular, the development of organic material sources has become an urgent requirement. Protecting these sources has become a great concern of producers in many countries around the world.

Electronics industry capacity must keep up with increased investment

Vietnam needs policies to enable the electronics industry to ready its supply chain as the country becomes ever more attractive for investment, Deputy Director of the Industry Agency under the Ministry of Industry and Trade Pham Tuan Anh said.

VN central bank shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.

HCM City targets international cruise tourists

Ho Chi Minh City has great potential to attract international cruise tourists as part of an effort to speed up tourism recovery post-pandemic, experts said.

Waste criteria lacking for nation’s IPs

Vietnam’s industrial parks are in the process of transitioning to more ecological models, but are struggling due to a lack of regulations on reusing treated waste and wastewater.

Vietnam experiences solid rise in production

The Vietnamese manufacturing sector rose solidly inside growth territory at the end of the third quarter of the year.

VN-Index bounces back from two-year low

The benchmark VN-Index on Wednesday regained the 1,100-point landmark after falling to a two-year low, but low liquidity may threaten the market recovery in the next sessions.
back_to_top