Can Covid-19 catalyze Vietnam’s digital transformation?
The Ministry of Information and Communications has placed on consultation a governmental draft decision on the development of information technology, electronics – telecommunications industries in Vietnam.

Illustrative photo |
The program sets the target of achieving the annual turnover growth in the IT and ET industries twice the growth of national GDP.
Under the program, Vietnam will have around 50,000 IT and ET companies, of which 10 large companies will play a leading role and are internationally competitive with revenues of at least US$1 billion. The program also aims to have 10 provinces/cities generating an average IT and ET turnover of more than US$1 billion each.
To attain those goals, the draft defines the main tasks such as building infrastructure and developing key IT products; investing in technical infrastructure and technology incubators to support startups.
Another task is to build Vietnam into a safe destination for foreign-invested enterprises in the field of digital technology; support market expansion through the implementation of the national digital transformation program, smart city program, e-government development program, among others.
The draft also emphasized on improving the quality of human resources and promoting the connection between businesses and training schools.
Other measures include working out and submit to the National Assembly the Law on Digital Technology governing activities of digital technology, IT, and ET in the Industry 4.0; digital technology industrial park; digital technology innovation center; digital technology products, protection of intellectual property in the digital environment; healthy competition between domestic and foreign companies that do business on the digital platform.
The draft also mentioned the completion of the legal framework to build an ecosystem of digital centers of specialized fields.
Other News
- Vietnam issues new template passports for citizens from July 1
- Vietnam’s African swine fever vaccine to be widely used by late 2022
- Vietnam prioritizes cybersecurity for digital platforms
- US willing to share technology to help Vietnam in energy transition
- Vietnam reports over 5,400 cyber-attacks in first five months
- “Establishment of Vietnam-Australia Center” project inked in Hanoi
- A foreign man arrested for alledgedly hacking Vietnamese banks
- Online application for Vietnamese passport to start June 1
- Vietnamese enterprise receives US exclusive protection for two patents
- Facebook to charge 5% VAT on ad services in Vietnam
Trending
-
Hanoi eyes cooperation with UK to develop clean energy
-
Northern Vietnam braces for first tropical storm of 2022
-
Some 155 Vietnamese athletes to partake in ASEAN Para Games 2022
-
Vietnam's National Assembly to legalize commitments at COP26
-
Vietnam looks for UK support in finalizing financial regulations: NA Chairman
-
UK multinationals pledge long-term presence in Vietnam
-
Australian Foreign Minister enjoys Pho ga in Hanoi
-
Hanoi GRDP growth hits 7.79% in first half
-
Hanoi selects final design of Tran Hung Dao Bridge