On November 19, in Hanoi, the Institute for Regional Sustainable Development Studies (IRSD), under the Vietnam Academy of Social Sciences (VASS) and the Technology for Community Institute (TFGI) (Singapore) co-organized the workshop "From technology for growth to technology for the community: Ready to participate effectively in the digital economy".
The workshop is an opportunity for domestic and international experts, a number of management agencies and businesses to share development trends in technology and the digital economy, and discuss challenges and proposals to not only promote economic growth, but also create sustainable, inclusive values for the community in the region, including Vietnam.
Mr. Keith Detros - Program Manager at TFGI Institute - gave a presentation titled: "From technology for growth to technology for community".
In particular, Mr. Keith Detros' presentation stated that digital technology and technology-based business models are expected to be tools to promote growth in the Southeast Asian region when the digital economy accounts for more than 10% of the total GDP structure in 4/6 Southeast Asian countries: Indonesia, Malaysia, Philippines, Thailand and Vietnam.
Accordingly, the digital economy in Vietnam contributes 14.26% of the total GDP, the highest among the 6 countries. However, the rapid development of the digital economy is accompanied by challenges of inequality, cybersecurity risks, employment trends and the environment.
The report said that 54% of businesses operating in the digital economy surveyed in Vietnam want to address issues related to sustainable development, but the level of implementation and actual action is still low, at 31% and 4%, respectively.
For the digital economy to be a driving force for sustainable, inclusive and equitable growth, close coordination and cooperation between the government, businesses and digital economy participants are essential in the areas of technological innovation, business models and policies, as well as building a strong digital society with digital infrastructure, digital skills and quality digital human resources.
Therefore, policies need to be developed promptly, consistently, and avoid overlap to continue creating an environment that encourages businesses to start up and participate in the digital economy, aiming to develop the digital business community and address new challenges of the digital economy.
