Vietnam facing huge challenges in accelerating digital transformation: insiders
Hanoi (VNA) - Digital
transformation is an opportunity for Vietnam to become a developed country.
However, many challenges remain to ensure a rapid, smart and green digital
transformation, experts have said.
According to the 7th edition
of e-Conomy SEA report by Google, Temasek and Bain, Vietnam's digital economy
reached a value of 23 billion USD in 2022 and is on track to hit 49 billion USD by
2025 - the fastest in Southeast Asia.
Data from the Ministry of
Information and Communications showed that the revenue of Vietnam’s information
and communications technology (ICT) industry reached 148 billion USD
last year, accounting for 14.26% of the country’s gross domestic product (GDP).
To achieve the goal of the digital economy making up 20% of Vietnam’s GDP, it is necessary for the
country to maintain an annual digital economic growth of about 20%, more than
three times higher than the projected GDP growth.
Lessons learned from
developed countries will be valuable suggestions for Vietnam to achieve this
goal, insiders said.
According to Denis Brunetti,
President of Ericsson Vietnam, Myanmar, Cambodia and Laos, 5G technology will
enable industries to accelerate digital transformation and reduce energy
requirements, as well as carbon emissions.
Ericsson will continue to share its experience with customers in Vietnam,
helping to ensure successful coverage and capacity deployment, he was quoted by Dau tu (Vietnam Investment Review) newspaper as saying, adding
that the focus will be on the stable network, simplicity and security.
A representative of the
European Chamber of Commerce in Vietnam (EuroCham) said that an important
lesson from their experience in the EU is to harmonise data protection
standards to minimise negative impacts and build
public and business trust
Meanwhile, David Liden, Trade
Commissioner of Sweden in Vietnam, said that since 2000, his country has issued
the Electronic Signatures Act, which is helpful in signing, storing and tracing
important documents such as employment or service contracts.
This action has helped reduce
emissions from physical movement, paper and the energy used for storage, he
went on.
For Vietnam, Vietnamese ICT
businesses expect the Government and ministries and sectors to quickly complete a legal system in line with the requirements of international integration and
digital economy development, as well as with international standards.
It is necessary for the National Assembly to consider promulgating the revised Law on Electronic Transactions with appropriate regulations and mechanisms to regulate the activities of organisations, individuals and businesses which are compatible with the digital economy, they said.
Small- and medium-sized
enterprises, which play a vital role in the digital transformation process,
should be encouraged to invest in the digital economy.
The formulation and implementation
of a project on the digital transformation of State-owned enterprises by 2025, with an orientation to 2030 are also a must, they added./.