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’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.