As digital transformation becomes a key growth driver, the construction sector has come under increasing pressure to modernise its management model to keep pace with the rapid expansion of transport infrastructure, urbanisation and the real estate market.
Market growth is no longer measured solely by revenue size or the number of contracts, but increasingly depends on service quality, risk management capabilities, innovation and the ability to build lasting trust with customers.
In the time ahead, five strategic breakthroughs must be implemented in digital data, guided by the principles of decisive action, results as the ultimate measure, and synchronized implementation. This was the requirement set out by Prime Minister Pham Minh Chinh, Head of the National Steering Committee on Data, at the Committee’s first meeting, held online on January 12, with all 34 cities and provinces nationwide.
Deputy Director of the municipal Department of Science and Technology Pham Huynh Quang Hieu highlighted data as a strategic asset determining the competitive capabilities of both businesses and the whole nation, and data as a tool transforming scattered data into knowledge, thereby creating substantive values and innovation power.
Under the deal, the two sides will accelerate joint projects in strategic fields including 5G/6G infrastructure, AI-driven network management, data centres, smart devices, and AI applications for government and business. These technologies align with Vietnam’s target of a 30% digital economy share of GDP by 2030.
In addition, the decree encourages the development of research centres focused on data science and innovation in areas such as artificial intelligence (AI), cloud computing, blockchain, data communications, the Internet of Things (IoT), big data, and other advanced technologies in order to build, develop, protect, manage, process, and utilise data effectively.
The legislation marks the first time data is recognised as a property right under Vietnamese law.
The US is now a comprehensive strategic partner and one of Vietnam's largest export markets. Meanwhile, Vietnam ranks as the US's eighth-largest trading partner, and American consumers favour Vietnamese products for their their quality and affordability.
Indonesian President Prabowo Subianto on October 21 asked Social Affairs Minister Saifullah Yusuf to verify and validate the data of beneficiaries receiving government social assistance, ensuring that aid is directed to the rightful recipients.
Malaysian Prime Minister Anwar Ibrahim has outlined five initiatives to reduce poverty in the Southeast Asian country.
Malaysia on September 20 launched its National Guidelines on Artificial Intelligence Governance and Ethics (AIGE) to establish a robust framework for users, policymakers, and AI technology providers to ensure adherence to the highest ethical standards.
