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
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
CENTRAL BANK ISSUES NEW DECISIONS ON DEPOSIT INTEREST RATES
The other holds that the maximum interest rate for Vietnamese đồng-denominated deposits with terms of less than one month of organisations and individuals at credit institutions and foreign bank branches is 0.5 per cent per year. Additionally the maximum interest rate applied to deposits with terms from one month to less than six months is 4.75 per cent per year.
HIGH-TECH PERSONNEL TO DRIVE COMPETITION
Vietnam is advancing new mechanisms and incentives to strengthen workforce quality as part of a strategy to engage high-tech investment and enhance its economic competitiveness. The government announced at a recent National Assembly (NA) session that it would increase investments in education and training quality in the next few months.
VIETNAM SET TO ENHANCE CUSTOMS QUALITY AND EFFICIENCY
The policy outlines the GDC's objectives to enhance the effectiveness and efficiency of State customs management, align with development and international integration needs, and streamline the import, export and transit of goods, as well as the entry, exit and transit of means of transport.
REAL ESTATE BUSINESSES EXPAND INTEREST IN AVAILABLE LAND TO THRIVE IN 2025
Real estate companies are vigorously seeking available land to prepare for a new wave of investment in 2025.The Ministry of Construction’s October report highlighted that legality, liquidity, and land use fees are the primary considerations for businesses selecting land investments.