Vietnam looks to speed up digital transformation process
Measures to speed up digital transformation in health care, finance-banking and small- and medium-sized enterprises (SMEs) were discussed at symposiums held on December 15 in the framework of the 2020 Vietnam Digital Transformation Day (DX Day 2020).
A visitor at the 2020 Vietnam Digital Transformation Day (Photo: VNA)
Hanoi (VNA) – Measures to speed up digital transformation in health care,ไ finance-bankingand small- and medium-sized enterprises (SMEs) were discussed at symposiums heldon December 15 in the framework of the 2020 Vietnam Digital Tr𓆏ansformation Day(DX Day 2020).
SMEs are havingopportunities for digital transformation, and it they cannot capitalise onupcoming chances for digital transformation, they will be lagging behind and evenbe wiped out, according to experts. The process isprojected to help the firms bolster growth, cut down on expenses and developsustainably in the digital environment. Figures of the VietnamSoftware and IT Services Association (VINASA) showed that about 15 percent ofSMEs across the country is carrying out digital transformation but up to 99percent of surveyed SMEs said they are facing capital shortage for the work. The Ministry ofPlanning and Investment (MPI) partnered with the US Agency for InternationalDevelopment to launch the Linkages for SMEs (USAID LinkSME) project earlierthis month, aiming to support effective digital transformation of firms for the2021-25. Under the project, at least 100,000 SMEs will receive technicalassistance. A representative ofthe MPI said the portal digital.business.gov.vn serves as a channel providingknowledge on digital transformation and linking enterprises. In the field ofhealthcare, deputy head of the Information Technology Department at theMinistry of Health Nguyen Truong Nam said that the COVID-19 pandemic had provedthat digital transformation is vital in the management and operation of medicalestablishments. The health sector aimsto apply digital technology in most of its activities and services by 2030, towardsthe formation of a smart health care system. Medical facilities areurged to bolster technological application and build interconnected database toreduce time for checkups and costs./.
Vietnam has carried out digital transformation programmes for enterprises and dialogues between companies and senior leaders of ASEAN countries to turn the bloc into a hub for innovative and sustainable start-up development.
Indigenous technologies are key to facilitating the country’s digital transformation and the widespread adoption of technologies, according to experts.
The Vietnam Digital Transformation Day 2020 will take place in Hanoi from December 14-15, said the Vietnam Software and IT Services Association (VINASA) on December 8.
IBM Vietnam will offer new online resources for teachers and students to learn the foundations of artificial intelligence (AI) for free to prepare the next generation of leaders with the skills and knowledge needed to adopt AI responsibly in Vietnam.
The Vietnam Digital Transformation Day (DX Day 2020), themed “National Digital Transformation: Sharing and Connectivity”, opened in Hanoi on December 14.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
A visitor at the 2020 Vietnam Digital Transformation Day (Photo: VNA) 
