Vietnam ICT Summit: digital transformation alliance established

Including major names such as Viettel, VNPT and FPT, the alliance is an initiative that aims to work with the government and businesses to accelerate the digital transformation process in Vietnam.

Currently the Ministry of Information and Communications is drafting a national digital transformation plan with a view of capitalising on digital technology for socio-economic development.

Under the newest draft, Vietnam aims to become one of the top four ASEAN countries in digitalisation by 2025 and have the national competitiveness index among the world’s top 40.

The digital economy is also expected to account for one quarter of Vietnamese GDP by 2025 when Vietnam becomes one of the largest electronic and telecommunications equipment as well as a software producers in the world.

Deputy PM Vu Duc Dam visits an exhibition at the Vietnam ICT Summit. (Photo: VGP)

Speaking at the opening session of the Vietnam ICT Summit, Deputy PM Vu Duc Dam stated that digital transformation is a great opportunity but noted that it could become a challenge if Vietnam is unable to take advantage of it.

He added that since Vietnam is trailing behind other countries it must make much greater efforts in order to catch up or even overtake them.

The Deputy PM stated that in order to achieve such goals, it is necessary to focus on building a legal environment to encourage enterprises to adopt new technologies and new business models.

The Vietnam ICT Summit 2019 took place under the theme “Digital Transformation for A Prosperous Vietnam” where experts discussed measures to boost digital transformation and build a digital economy in Vietnam.

The event is jointly organised by the Ministry of Information and Communications and the Vietnam Software and IT Service Association.