Forum spotlights business development in digital age
Telecom and Internet providers in Vietnam have recorded 6.1 billion USD in revenue and created more than 851,000 jobs, as heard at a forum on enterprises in digital age held in Hanoi on May 17.
Hanoi (VNA) – Telecom and Internetproviders in Vietnam have recorded 6.1 billion USD in revenue and created morethan 851,000 jobs, as heard at a forum on enterprises in digital age held in Hanoion May 17.
The forum took place in conjunction withthe announcement of the Vietnam Chamber of Commerce and Industry (VCCI)’sannual report on Vietnam business for 2017/2018.
As heard at the forum, IT and telecomsector’s production value contributed over 0.7 percent to the nation’s GDP onaverage. In 2016, the number of IT/telecom businesses surpassed 11,000,accounting for 2.2 percent of Vietnam’s total figure.
Apart from the application of advancedtechnologies in traditional sectors, the digital age has given birth to anumber of non-traditional business models in Vietnam, like online car hailingand financial technology (fintech) services.
Expert said fast changes of these newmodels have sometimes left legal regulations behind, thus causing difficultiesfor their providers and benefit conflicts between them and their traditionalpeers.
VCCI Chairman Vu Tien Loc said last year,the Prime Minister issued Decree 16 on capacity building for the 4.0 industrialrevolution.
He said the decree put forth key measureson IT infrastructure development, and prioritised the building of digitalindustry, smart agriculture, and smart cities.
He noted companies ought to design their relevantaction plans and join the public sector’s efforts in building strategies forsmart governance and innovation.
Loc also acknowledged achievement of thebusiness sector last year, with the establishment of 126,859 new firms, thehighest number recorded to date.
Pham Thi Thu Hang, head of the VietnamBusiness Insight Survey – a VCCI initiative, said the year saw improvements inthe private sector, but the trend of smaller-scale firms persisted and the rateof performance failure among small scale businesses remained high.-VNA
All Vietnamese citizens now can participate in spreading knowledge conveniently and effectively thanks to the “Digital Vietnamese knowledge system” project which was launched in Hanoi on January 1 morning.
The Vietnam Chamber of Commerce and Industry (VCCI) has, in coordination with ministries, sectors and agencies, carried out various activities so far this year to push administrative procedure reform, creating a supportive environment for business operation and startups.
A workshop on Cross-border Data Flows took place in Hanoi on May 3 to discuss the importance of data access and sharing and the need to develop a legal framework on data management to boost the growth of digital economy.
The Vietnam Chamber of Commerce and Industry (VCCI) has made great efforts in cooperating with international organisations and foreign embassies in Vietnam to promote partnership between Vietnamese and foreign partners.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Under the theme “Breakthrough Era with the Development of Industrial Internet”, the event gathered over 400 delegates, including senior officials, leading Internet experts, and technology engineers from Vietnam and abroad.
Scene at the event (Photo: VNA) 
