The country still faces several obstacles to fully unlocking the benefits of digital technologies. Digital transformation can unlock VND1.7 trillion (US$74 billion) worth of annual economic value in Vietnam by 2030, equivalent to about 27% of the country’s GDP in 2020. An overview of the webinar. Photo: NIC It is the predication stated in the latest report “Unlocking Vietnam’s Digital Potential” conducted by AlphaBeta, which was launched on October 18 at a webinar held by the Vietnam National Innovation Center (NIC) under the Ministry of Investment and Planning. Speaking at the event, Jacques Morisset, World Bank Lead Economist and Program Leader for Vietnam, pointed out the facts that about 60% of businesses use online platforms and tools and over 2,000 administrative procedures have gone online are bright spots in the context of Covid-19 that Vietnam has overcome. To move towards a contactless economy, Vietnam needs to focus on three priorities to … [Read more...] about Digital transformation may unlock $74 billion for Vietnam’s economy by 2030
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Vietnam grasps opportunities to expand agricultural export market Viet Nam's agricultural products are being exported to more than 180 countries and territories, particularly products moving from the mid-range market to the higher-end segment. This information was provided at an online trade connection programme with the participation of representatives and business communities of India and three countries of the Greater Mekong Sub-region (GMS), namely Viet Nam, Thailand and Cambodia on Monday. This formed part of a series of activities of a project to strengthen international integration of small and medium-sized enterprises (SMEs) of India and the GMS countries, towards promoting global value chains and trade between India and the GMS countries, which is financed by the Asian Development Bank (ADB). Le Hoang Tai, Deputy Director of the Viet Nam Trade Promotion Agency under the Ministry of Industry and Trade, emphasised that farm produce and food were key exports of Viet Nam. … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 13
At the talks “Why Vietnam” held recently by the Ministry of Information and Communications, experts affirmed the significant role and position of Vietnam in the technology industry as well as global supply chains. This was an event on the sidelines of the ITU Digital World 2021 hosted by Vietnam. At the talks, the story about Vietnam's role and position in the digital era, the digital transformation process and Vietnam's post-pandemic steps attracted the attention of domestic and international managers, experts and businesses. At the "Why Vietnam?" talks held by the Ministry of Information and Communications in Hanoi. Photo: Trong Dat Many people still think that Vietnam is a small country but from the perspective of IT-communication industry development, where is Vietnam on the world map? Nguyen Thanh Tuyen, Deputy Director of Information Technology Department of the Ministry of Information and Communications: There are many countries in the world … [Read more...] about Where is Vietnam in the technology industry and global supply chain?
Strong commitments to uphold multilateralism and fight climate change are factors to spur the Vietnam-Germany relations in the next decade. Shared interests between Vietnam and Germany in a wide range of issues are set to take the bilateral relations to a new height in the next decade. Overview of the online conference. Photos: Nguyen Tung Experts shared the view at a virtual conference discussing the 10th anniversary of the Vietnam-Germany Strategic Partnership (2011-2021) jointly held today [October 15] by the Diplomatic Academy of Vietnam and the Konrad Adenauer Stiftung (KAS). “Ten years on since the signing of the Hanoi Joint Declaration on Vietnam-Germany Strategic Partnership, Vietnam-Germany relations have taken a significant leap forward,” said To Anh Dung, deputy minister of Foreign Affairs. To date, Germany is Vietnam’s largest economic partner in the EU, and Vietnam holds the same status in ASEAN as Germany, Dung said. During the span of ten … [Read more...] about Aligned interests to take Vietnam-Germany relations to new height
Vietnam Professional Basketball League (VBA) champions Saigon Heat suffered their first defeat of the season against last year’s league runners-up Thang Long Warriors. Jordan Young’s three-pointer got Thang Long Warriors off on the right foot shortly after the referee’s starting whistle. His teammates, Dang Thai Hung and Bryan Coleman, followed with 13 more points. The Saigon Heat responded with Daquan Bracey and Anthony Sundberg’s consecutive three-pointers before the game turned tit for tat. At the end of the first quarter, the two sides were neck and neck at 25-23 in favor of the Thang Long Warriors. Six minutes into the second quarter, Bracey and Sundberg helped the Heat sink a series of shots that pushed them ahead to a 36-32 lead. However, the tables were turned once again when Warriors teammates Timothy Guers and Gang Thai Hung help Thang Long push back ahead to a 48-45 lead by half-time. Thang Long Warriors’ Bryan Coleman performs a shot during their … [Read more...] about Thang Long Warriors hand first defeat to champions Saigon Heat in Vietnam’s pro basketball league
Vietnam has amended the law to join the regional efforts against drug trafficking. Vietnam stands firm with ASEAN’s persistent stance on building a drug-free community as the member states have agreed to strive for. Minister of Public Security To Lam at the meeting on Oct 14. Photo: MoFA Vietnamese Minister of Public Security To Lam said at the 7th ASEAN Ministerial Meeting on Drug Matters (AMMD) held virtually on Oct 14 under the chair of Cambodia. By concrete actions, Vietnam has contributed to the implementation of the ASEAN Work Plan on Securing Communities Against Illicit Drugs 2016-2025 and to combating illegal drug trafficking and production in the Golden Triangle in 2020-2022 with its national drug prevention and control program, Lam said. To join the common efforts against drug trafficking and crimes, Vietnam has amended and supplemented Law on Drug Prevention and Control to effectively respond to changes in drug crimes; giving high priority … [Read more...] about Vietnam supports drug-free ASEAN