Business Times said the Vietnamese Government has recognised the potential and benefit of investing in technology and the country is currently leading in digital development in the region. (Photo: VNA) Hanoi (VNA) – Vietnam continues to be a great example of successful transitionand development, according to Business Times of Singapore.
In its article published on July 1, Business Times said the Vietnamese Governmenthas recognised the potential and benefit of investing in technology and thecountry is currently leading in digital development in the region.
New high-tech parks have been established in many localities, such as Hanoi andHo Chi Minh City, while the benefits of teaching computer science at schoolsare beginning to bear fruit.
The article said many foreign technology firms intend to transfer theirproduction lines to Vietnam and make long-term investments when they see thepotential of high-tech personnel in the country.
Meanwhile, smaller-scale entrepreneurial investors should focus theirattentions on the increasing number of start-ups particularly in online servicesand fintech, where investors see the major potential for the Vietnamese economyto grow at speed.
InVietnam, more than a million people are added to the workforce annually, givingthem what some have termed a “golden population structure” - as a largeworkforce with competitive wages will boost production and consumption and actas a driver for growth, it noted.
Vietnam continues to be a great example of successful transition anddevelopment, where foreign investors are willing and ready to participate inthe economy, the article said.-VNA
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