Want to be in the loop?
subscribe to
our notification
Business News
MINISTRY EXPECTS TO PROVIDE 5G COVERAGE NATIONWIDE IN 2022
The Ministry of Information and Communications’ new mission is to lead national digital transformation process in order to build a digital Viet Nam, including digital government, digital economy, digital society and digital media.
Minister of Information and Communications Nguyen Manh Hung made the above statement at a working session with Prime Minister Pham Minh Chinh on Tuesday.
Nguyen said digital economy, which accounted for 8.2 percent of Viet Nam’s GDP in 2020, will open up a new space for the country’s economic growth. Viet Nam expects to raise the GDP share of digital economy by 20 percent within the next five years.
In 2018, a report by Google and Temasek referred to Viet Nam’s digital economy as a “dragon being unleashed.” Two years later, the same report put Viet Nam and Indonesia as countries the forefront of Southeast Asia’s digital economy growth.
The ministry also set goals to increase the number of digital enterprises from 58,000 to 100,000 by 2025, and provide 5G coverage nationwide in 2022, according to Nguyen.
He said that one of the ministry’s immediate tasks is to propose amendments to laws on post, telecommunications, and e-transactions in the direction of enriching contents on digital economy and digital infrastructure.
Speaking at the session, PM Pham urged the ministry to mobilize all resources for the development of strategic infrastructures and spearhead sectors.
Source: VGP
Related News

VIETNAM, PHILIPPINES EYE US$10 BILLION IN TWO-TRADE

E-COMMERCE MARKET CONTINUES TO GROW, BUT HAS BECOME MORE POLARISED: REPORT
The e-commerce market in Việt Nam experienced an overall strong growth during the first three months of the year, but there is a wid…

UNLOCK TRANSPORT POTENTIAL TO ACCELERATE MEKONG DELTA GROWTH: PM
Unlocking all modes of transport, including road, air, maritime, inland waterway, and rail, is key to lifting the Mekong Delta out of poverty and prop…

INVESTORS INCREASE HIGH-TECH ACTIVITIES
Vietnam’s prioritised semiconductor and high technology industries are on the radar of foreign investors, especially those from Japan and Sout…

VIETNAM POISED FOR MARKET UPGRADE, PROMISING CAPITAL GROWTH
Vietnam’s stock market is expected to reach a major milestone in 2025 with a likely upgrade to emerging market status, opening the door to gl…

MARKET EXTENDS RECOVERY AS FOREIGN INVESTORS RETURN TO BOTTOM-FISHING
Việt Nam’s stock market continued its upward trend on Thursday, largely supported by strong performances from Vingroup stocks, helping th…

VIETNAM, PHILIPPINES EYE US$10 BILLION IN TWO-TRADE

E-COMMERCE MARKET CONTINUES TO GROW, BUT HAS BECOME MORE POLARISED: REPORT
The e-commerce market in Việt Nam experienced an overall strong growth during the first three months of the year, but there is a wid…

UNLOCK TRANSPORT POTENTIAL TO ACCELERATE MEKONG DELTA GROWTH: PM
Unlocking all modes of transport, including road, air, maritime, inland waterway, and rail, is key to lifting the Mekong Delta out of poverty and prop…

INVESTORS INCREASE HIGH-TECH ACTIVITIES
Vietnam’s prioritised semiconductor and high technology industries are on the radar of foreign investors, especially those from Japan and Sout…

VIETNAM POISED FOR MARKET UPGRADE, PROMISING CAPITAL GROWTH
Vietnam’s stock market is expected to reach a major milestone in 2025 with a likely upgrade to emerging market status, opening the door to gl…

MARKET EXTENDS RECOVERY AS FOREIGN INVESTORS RETURN TO BOTTOM-FISHING
Việt Nam’s stock market continued its upward trend on Thursday, largely supported by strong performances from Vingroup stocks, helping th…