On the morning of March 14, the Ho Chi Minh City Communications and Electronics Association coordinated with the Ho Chi Minh City Blockchain Association to organize a seminar on "Digital economy, digital transformation in Ho Chi Minh City: Policies and actions from Resolution 57-NQ/TW of the Politburo".
According to Google's e-Conomy SEA Digital Economy Report, Vietnam's digital economy is expected to reach 90 - 200 billion USD by 2030. Recognizing the importance of digital transformation, Resolution No. 57-NQ/TW dated December 22, 2024 of the Politburo has identified this as the main driving force in the socio-economic development process, aiming to have Vietnam's digital economy account for at least 30% of GDP by 2030 and at least 50% of GDP by 2045.
As the economic center of the country, Ho Chi Minh City is actively implementing policies to support businesses in the digital transformation process, focusing on technology solutions such as blockchain, AI, with the goal of the digital economy contributing 25% of GRDP by 2025 and reaching 40% by 2030.
According to lawyer Phan Vu Tuan, Vice Chairman of the Ho Chi Minh City Communications - Electronics Association, Vice Chairman of the Ho Chi Minh City Intellectual Property Association, businesses in Ho Chi Minh City have many opportunities to strongly transform digitally, creating momentum for the development of the digital economy, with support policies from the government.
According to Mr. Vu Tuan, businesses in Ho Chi Minh City will be supported in terms of tax exemption and reduction policies, when applying digital technology to business activities; accessing a large e-commerce market, strong growth...
In addition, they also have the opportunity to access start-up investment funds, improve competitiveness, optimize processes, reduce operating costs, etc.
To implement Resolution 57, Ho Chi Minh City aims to form 5,000 innovative startups; 5 centers for applied research and innovation approaching international standards (CoE) in key areas; promote and support the formation of 5-10 large technology enterprises; human resources for scientific research, technology development, and innovation reach 12 people/10,000 people.
Meanwhile, Mr. Nguyen Thanh Hoa - Deputy Director of the Ho Chi Minh City Digital Transformation Center emphasized the importance of scientific communication, to promote the success of digital transformation in Vietnam, and to bring lessons to Ho Chi Minh City.
He gave data showing that 70% of large-scale digital transformation projects in the world have failed. For Vietnam, the e-Government ranking in 2024 will be 71st, up 15 places compared to 2022, which shows a great contribution of the media.
According to him, for digital transformation communication to be effective, it is necessary to go deep into service models, value-generating applications instead of focusing on the number of initiatives; pay attention to digital transformation as a flexible process, the model can change over time...
Meanwhile, Mr. Nguyen The Vinh, Chairman of the Blockchain Association of Ho Chi Minh City, emphasized the need for recognizing cryptocurrency assets, applying blockchain technology (block chain), to build a necessary technology platform for the digital economy and digital transformation in Ho Chi Minh City.
According to him, this will bring in a huge source of revenue from taxes and transaction fees; greatly reduce the burden of resources, costs as well as operating time of systems.
He cited data showing that the total trading volume of cryptocurrency in Vietnam is up to 800 billion USD/year, much higher than the total trading volume of the stock market. In 2024, Vietnam will be in the Top 4 countries with the highest trading volume on Binance. The transaction volume from Vietnamese investors is estimated at 250 billion USD/year, according to the Wall Street Journal.
