Vietnamese digital enterprises strongly supported to go global

(VOVWORLD) - The Government of Vietnam has approved the National Digital Transformation Program until 2025 with a vision to 2030, which emphasizes digitalisation in all areas of social life. To achieve the set goals, promoting cooperation with developed countries in the digital field is important. Helping Vietnamese digital enterprises go global is one of the key tasks that the Ministry of Information and Communications is focusing on.
Vietnamese digital enterprises strongly supported to go global - ảnh 1Phan Tam, Deputy Minister of Information and Communications (Photo: nhadautu.vn)

Vietnamese digital technology enterprises have developed rapidly in both quantity and competitiveness, providing digital products, services, and solutions for national digital transformation and digital economic and social development, narrowing the digital gap, and building a sustainable digital future.

Phan Tam, Deputy Minister of Information and Communications, said that since the COVD-19 was controlled, the demand for digital transformation has been exploding worldwide and creating a huge market for digital technology products and services.

But the digital gap and access to digital services for people in different regions, especially in developing and underdeveloped countries, varies a lot, said Tam, adding, "This is a great opportunity for Vietnamese digital enterprises to expand their market, contribute to solving digital transformation issues, and accelerate the process of building a digital world around the globe.” 

In order to make the world see that Vietnam is not just a destination and help “Make in Vietnam” products conquer the global market, Vietnamese digital businesses are going global.

Last year, Viettel Group earned 3 billion USD from overseas investments and FPT Corporation earned more than 1 billion USD developing IT and digital transformation solutions for Japan and the US.

Vietnam’s IT export revenue totaled 2.2 billion USD last year. It’s estimated that there are 40,000 IT companies and 550,000 engineers in Vietnam.

One of this year’s key tasks of the Ministry of Information and Communications is to help domestic digital businesses do business abroad.

Solutions include organizing digital business forums and digital investment conferences at home and abroad to share information and experience and establish relationships with management agencies and businesses in other countries.

A database will be covering the environment, policies, and investment opportunities in other countries, and consulting groups will be set up to help handle difficulties and problems.

Vietnamese digital enterprises strongly supported to go global - ảnh 2At the Vietnam-Australia Digital Forum in Sydney

At the recent Vietnam-Australia Digital Forum in Sydney, the Ministry of Information and Communications coordinated with Australian partners to help businesses establish cooperative relationships to develop and provide Make-in-Vietnam solutions for the Australian market.

Businesses in New South Wales, an IT powerhouse, particularly in the digitization of public services, said they can help Vietnam achieve its digital transformation goals.

Ben Seymour, Chief Revenue Officer of Modica Group, expressed his belief that Vietnam is a very tech centric country and is growing, an immense growth.

In addition, Vietnam has got a very young tech, tech heavy population that is growing and there’s a lot of organizational growth there, Ben said and affirmed that they have seen a lot of Australian companies do quite well there within Vietnam as well.

“So, it's just one market that we believe that there're opportunities for some synergies. Also, Vietnam has got a very good tech sector, very strong base of developers and that kind of skill set is important to us because we're a software company. We believe that Vietnam in itself has got a good talent pool of developers and that's something that is important to us.”

Echoing Ben, Scott Minehane, Managing Director of the Windsor Place Consulting Proprietary Limited Company, said that Vietnam is on a massive 20-year-growth opportunity.

“I think what you've achieved over the period since Doi Moi and all of that has been extraordinary. Given the move of manufacturing and service industries into Vietnam, I think there's a lot for Australia as part of that process and Australian companies to be linked to a real, a new Asian tiger as it were a bit of a well-used term. But I think that's the case. Vietnam can really have a growth journey if everything else goes well. To be part of that journey, I think it really will help Australia link into the region,” according to Scott.

After a long period of COVID-19 chaos, the explosion of demand for digital transformation has given Vietnamese digital companies many new opportunities.

Although the Internet and digital technology are playing an increasingly important role, 49% of the world’s population, nearly 4 billion people, are not yet connected to the Internet.

Vietnamese digital companies have an opportunity – and a responsibility - to narrow the digital gap and build a sustainable digital future.

To seize the opportunity, the Vietnamese Government should help Vietnamese digital companies establish cooperative relationships that can help them bring Vietnamese brands to the international market.

  

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