Czech diplomat writes on Vietnam’s fourth industrial revolution strategy

The development of the digital economy in Vietnam will create new opportunities for Czech companies operating in this field in the Southeast Asian nation, particularly in cyber security or digital banking, according to Czech diplomat David Jarkulisch.
Czech diplomat writes on Vietnam’s fourth industrial revolution strategy ảnh 1Illustrative image (Source: baoquocte.vn)
Prague (VNA) – The development of the digital economy in Vietnam will create new opportunities for Czech companiesoperating in this field in the Southeast Asian nation, particularly in cybersecurity or digital banking, according to Czech diplomat David Jarkulisch.

The diplomat at the Czech Embassy in Hanoi recentlywrote an article on Vietnam’s newly-approved strategy on the Fourth IndustrialRevolution, posted on the Czech Foreign Ministry’s website mzv.cz.

He said that Vietnam's new strategy has relatively ambitiousgoals. It aims to transform the current growth model mainly based on the use ofcheap labour and targets the digital economy contributing to 30 percent of theGDP by 2030.

In addition to the rapid introduction of new technologiesand the digitization of the economy, it also expects the overallcompetitiveness of the economy to grow and Vietnam's position in internationalcomparisons to improve significantly. Within ten years, Vietnam may be amongthe top 40 countries in the Global Innovation Index, the top 30 countries inthe Global Cybersecurity Index (GCI) and the top 50 countries in E-GovernmentDevelopment Index (EGDI).

As part of the strategy, the Vietnamese government has alsoidentified 99 priority technologies, which it will focus on supporting,including artificial intelligence, the Internet of Things, quantum technology,bioinformatics, aerospace technology, remote sensing technology, research anddevelopment of high-resolution screens, or advanced 3D printing technology.

However, Vietnam is not at the very beginning in thedevelopment of the digital economy. Already during the last five years, thecountry has managed to prepare a relatively good starting position and createthe basic preconditions for further growth. In addition, the growth rate of thedigital economy accelerated significantly with the onset of the COVID-19 pandemic,bringing the total value of the Vietnamese Internet economy up 16 percent to 14billion USD last year. According to a recently published Google study, thegrowth motivations of this sector in Vietnam should continue to accelerate andreach a volume of up to 52 billion USD in 2025.

In many aspects needed for the development of the digitaleconomy, Vietnam is not lagging behind even its closest regional competitors.Within the countries of Southeast Asia, Vietnam ranks third in the number ofInternet users, third in mobile phone users and second in the average speed ofmobile Internet. Today, Vietnam can also be proud to be one of the countrieswith the largest numbers of Facebook users in the world. With sixty millionregistered users, Vietnam has the eighth largest Facebook community in theworld, the diplomat wrote./
VNA

See more

Illustrative image (Photo: bangkokpost.com)

Thailand’s fruit exports produce over 6.5 billion USD in 2024

Fruit was the most valuable agricultural export of Thailand last year, with total turnover hitting 6.51 billion USD, surpassing the five-year average of 5.86 billion USD and accounting for 22.6% of the total agricultural exports, according to the Trade Policy and Strategy Office (TPSO).

The Thai Chamber of Commerce is calling on the government to establish a "war room" to address tariff threats from the administration of US President Donald Trump. (Photo: nationthailand.com)

Thai government urged to set up 'war room' to tackle US tariffs

The TCC insisted the Prime Minister must chair this task force, comprising both public and private sector representatives, to formulate a proactive strategy against a possible resurgence of protectionist policies under the Trump 2.0 administration.

Former President of the Philippines Rodrigo Duterte (Photo: AP)

Former Philippine President Duterte arrested on ICC warrant

The Philippine National Police on March 11 morning executed the International Criminal Court's arrest warrant against former Philippine President Rodrigo Duterte in connection with his controversial policy in the war on drugs while in office, which left thousands of people dead.

Illutrative Image (Photo: cnbc.com)

Singapore to apply AI in elderly care

As Singapore's aging population grows rapidly, projected to reach 25% of the total population by 2030, technology is seen as a key solution to address healthcare workforce shortages.

(Photo: screenshot)

Argentine newspaper spotlights Vietnam's circular economic orientation

The article emphasised that the circular economy is a key development priority of Vietnam in the 2021 – 2030 period, with a vision to 2045, aiming to achieve the goals of waste management, efficient use of natural resources, environmental protection, disaster prevention, and climate change response.

The cruise ship ‘Celebrity Solstice’ docks off the coast of Koh Samui with 2,852 passengers in January 2024. (Photo: bangkokpost.com)

Thailand advances plans for major southern Marina

The project to build a marina in the southern province of Surat Thani is estimated to cost 12.172 billion THB (360 million USD) and is expected to accommodate 120 cruise routes annually, generating at least 8 billion THB in revenue.

Malaysia's palm oil stocks hit 22-month low

Malaysia's palm oil stocks hit 22-month low

Malaysia's palm oil stocks in February dropped by 4.31% to 1.51 million metric tonnes, the lowest since April 2023. Crude palm oil production in the month was down 4.16% to 1.19 million tonnes, the lowest in three years, after floods disrupted production. Palm oil exports fell 16.27% to hit a 4-year low of 1 million tonnes.

Thai PM Paetongtarn Shinawatra (Photo: Nation Thailand)

Thailand tightens security following violent attacks in deep south

Thai Prime Minister Paetongtarn Shinawatra has ordered heightened security measures and increased night in the country’s deep south following a series of violent attacks in Sungai Kolok, a border city in Narathiwat province, which left two security officers dead and 11 others injured.