VN CEO Summit 2019 held

Speaking at the event, Deputy Minister of Information and Communications Phan Tam said the Vietnamese government advocates fully tapping opportunities from the fourth industrial revolution in service of national digital transformation, making it easier for Viet Nam to escape middle-income trap and become a modern industrialised nation. 

He said the development strategy of the information and communications technology (ICT) sector for 2021 – 2030 will focus on e-government, therefore Viet Nam needs to develop digital infrastructure, national data system, thus laying the foundation for the digital economy. 

Speakers at the event suggested that Viet Nam should make use of every opportunity to step up innovation, start-ups, and Internet-of-Things on the back of its young workforce and rapid expansion of ICT. 

They forecast that technology will develop exponentially by 2045. 

In addition, the country is well-positioned to develop blockchain technology, which can be applied in finance-banking, retail, cargo transportation, manufacturing and telecommunications, they added.

The event aimed to offer participants an overview of the digital transformation trend, and update them on new products and services built on modern digital technology. 

The Viet Nam CEO Summit is an annual event co-organised by the Viet Nam Report JSC and Viet Nam Net newspaper. 

By Vien Nhu