While non-cash payments are admittedly on the rise, the cash payment habit and limited development of technology infrastructure are big problems for the country’s non-cash economy, experts have said.
Digitisation of farming is inevitable and Vietnam should embrace it to resolve the agricultural paradox of producing more while preserving natural resources and to grab the opportunities brought by free trade agreements, experts have said.
Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan hosted President of the Hessen State Parliament Boris Rhein in the southern city on November 14.
Vietnam still comes fourth in ASEAN and 27th among 190 countries and economies in electricity access index, according to the Doing Business 2020 report recently announced by the World Bank.
Bitel, a brand of the Viettel Military Industry and Telecoms Group (Viettel) in Peru, has recently carried out 5G tests in the American nation on the occasion of its fifth anniversary.
The central city of Da Nang has won an Asia-Oceanian Computing Industry Organisation (Asocio) Smart City Award for its outstanding initiatives of a smart city during the Asocio Smart City Summit in Bangkok, Thailand.
Vietnam wants to have at least five billion-dollar tech firms (unicorns) by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.
Ho Chi Minh City is keen to cooperate with European businesses in building a smart city, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.
While private joint stock banks have had some success in raising their charter capital, major banks, except for Vietcombank, are still struggling with this work.
Prime Minister Nguyen Xuan Phuc has underlined the need to accelerate the building of a digital government, digital administration and smart urban system, affirming that the application of new technologies will contribute to speeding up policy response and promptly detecting shortcomings in law enforcement.
Vietnam welcomes India’s investment in the fields of information technology, infrastructure, energy and hi-tech agriculture, Prime Minister Nguyen Xuan Phuc has said.
“Vietnam needs to acknowledge its economic shortcomings. It needs to maintain stable and high economic growth before becoming the so-called dragon or tiger,”
The Viettel Military Industry and Telecoms Group (Viettel) is set to become a digital service provider this year, having lined up a number of products and services from the digital eco-system.
Embracing the digital transformation is critical for Vietnamese bankers in the era of Industry 4.0, experts said during the 2019 Asian Banker Conference in Hanoi on January 10.
SAPA Thale Group, a finance investment business, and the Dubai Investment Development Agency inked a bilateral investment cooperation deal in Ho Chi Minh City on December 11.
US Ambassador to Vietnam Daniel Kritenbrink highlighted Vietnam’s effort in promoting its integration into the international market at a workshop held by the American Chamber of Commerce (Amcham) in Ho Chi Minh City on December 7.
Vietnam has seen a digital wave in the finance-banking industry, with many banks investing significantly into the segment, experts said at a recent conference.
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