Vietnam’s internet economy worth US$21 billion last year
Vietnam’s internet economy was valued at about 21 billion USD in 2021, contributing to 5 percent of GDP and rising seven-fold from 2015.
An overview of the summit (Photo: VNA)The information was released at the Vietnam - Asia Digital Transformation Summit (Vietnam - Asia DX Summit) 2022 that opened in Hanoi on May 25.
Nguyen Van Khoa, Chairman of the Vietnam Software & IT Services Association (VINASA), said the internet economy’s size last year showed that despite the COVID-19 pandemic’s impacts, digital transformation has generated strong growth for the digital economy.
Vietnam now has a chance to promote the internet economy, especially by applying and developing digital transformation applications and platforms, he added.
He considered the Government’s target for the digital economy making up 20 percent of GDP by 2025 as a big challenge to all sectors, especially digital technology companies.
Visitors at the event (Photo: VNA)To quickly boost the digital economy, Vietnam needs joint efforts by the entire political system and, especially, IT and software enterprises, Khoa added, pointing out that those firms should create quality digital transformation platforms and solutions, press on with developing related technologies such as artificial intelligence, machine learning, and blockchain, and assist agencies, organisations, and businesses nationwide to carry out digital transformation.
The two-day summit aims to provide an overall view of digital transformation in Vietnam, share information and experience, while introducing technological models and solutions to help accelerate the process.
Participants are set to look into issues relevant to a digital government, a digital economy, and digital enterprises. There are also two panel discussions where representatives from 11 regional countries will share experience in this field. An exhibition on digital transformation solutions is also taking place at the event.
A glass-bottomed bridge named Bach Long (White Dragon) was recently inaugurated in Moc Chau and it has immediately become a new tourist attraction.
Vietnam is the only only Southeast Asian country that has reopened international tourism without any COVID-19 restrictions, the World Tourism Organization (UNWTO) said.
Assistant to Minister of Foreign Affairs, Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang says journalism not only means reporting information, but it also has the function of leading public opinion.
An Air Seoul flight carrying 187 passengers from the Incheon international airport arrived at the Cam Ranh International Airport in Khanh Hoa Province on June 24.
A high-ranking delegation of the National Assembly (NA) of Vietnam led by NA Chairman Vuong Dinh Hue arrived in Budapest on June 25 afternoon (local time), beginning an official visit to Hungary.
Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter.
In 2004, the Politburo released Resolution No 39-NQ/TW on socio-economic development and assurance of national defense and security in the northern part and southern coastal area of the central region by 2010.
Deputy Minister of Information and Communications Nguyen Huy Dung stressed that ensuring information security for digital platforms must be considered the key task, inseparable from the digital transformation process.