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Seminar spotlights digital platforms for Vietnam’s future growth

Digital transformation, digital platforms and digital economy are viewed as engines for the economic recovery and development in Vietnam at the time of COVID-19, CEO of Grab Vietnam Nguyen Thai Hai Van told a seminar on December 6.
Seminar spotlights digital platforms for Vietnam’s future growth ảnh 1At the event (Photo: VNA)
Hanoi (VNA) – Digital transformation, digitalplatforms and digital economy are viewed as engines for the economic recoveryand development in Vietnam at the time of COVID-19, CEO of Grab Vietnam NguyenThai Hai Van told a seminar on December 6.

The seminar on “Digital Platform – Growth in the Future” washeld by Tech For Good Institute (TFGI), a non-profit think tank founded byGrab, with the support from Grab Vietnam to enhance knowledge and informationexchange in technology, innovation and rapidly-growing digital economy inSoutheast Asia, particularly Vietnam.

The hybrid event provides a platform for the public andprivate sectors to share views and expertise, work together to accelerate Vietnam’stechnology innovation and digital economy, and sustain equitable andsustainable growth of all economic sectors in the digital transformation, Vansaid.

Academics, policy researchers and IT experts from bothshared and discussed a fair, inclusive and sustainable growth of the digitaleconomy, thereby finding innovative solutions relevant to the regional setting.

TFGI Director Ming Tan said though the pandemic has broughtmore users to digital platforms, Southeast Asia is in the early stage of digitaltransformation. Southeast Asia has plenty of room to grow further in thefuture, he said, adding that online food sales and e-commerce only accountedfor 8 percent of the region’s total food and retail sales last year, comparedto 17 percent in the US and 27 percent in China.

Nguyen Trong Duong, Deputy Director of the Ministry of Informationand Communications’ Department of Enterprise Management, said digital platformis highlighted as a breakthrough solution for Vietnam in accordance with thenational strategy on developing digital economy and digital society.

He voiced concerns over the fact that though legal frameworklays an important basis for boosting digital economy and protecting rights of consumersand parties in disputes, it remains vague in Vietnam.

Echoing Duong’s view, Dr. Vu Tien Loc, Chairman of theVietnam International Arbitration Centre (VIAC), said in addition to improvelegal framework in the field, it is critical to address challenges facing thedigital platform ecosystem.

The number of Internet users in the six largest SoutheastAsian countries, namely Indonesia, Malaysia, the Philippines, Singapore,Thailand and Vietnam, exceeded 400 million in 2020, a three-fold increase froma decade ago, according to the TFGI’s report “The Platform Economy: SoutheastAsia’s Digital Growth Catalyst.”

Vietnam has made considerable progress in digital economy,with 62 percent of the surveyed micro-, small- and medium-sized enterprises(MSMEs) said their revenue came from digital platforms, 5 percent higher thanthose from Singapore./.
VNA

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