Digitalisation – effective solution to recover economy: seminar
Digital economy, including digital finance and digital banking, will be an effective solution to recover the economy of the world and Vietnam in particular, heard a seminar held by the National Assembly’s Foreign Affairs Committee on September 28.
Digital economy is a trend pursued by countries worldwide amid the COVID-19 pandemic. (Photo: )
Hanoi (VNA) – Digital economy,including digital finance and digital banking, will be an effective solution torecover the economy of the world and Vietnam in particular, heard a seminarheld by the National Assembly’s Foreign Affairs Committee on September 28.
In his remarks, Nguyen Manh Tien, deputy head of thecommittee, said digital economy is a trend pursued by countries worldwide amidthe COVID-19 pandemic, and Vietnam is not an exception.
Participants shared their views on Vietnam’s digitaleconomy, as well as advantages, difficulties and solutions to boost the digitaleconomy, particularly digital finance and digital banking, to deal with impactsof COVID-19 and prepare for post-pandemic recovery.
They also looked into international experience inthis regard, and proposed policies to serve the country’s socio-economicdevelopment effectively and sustainably.
At the seminar (Photo: VNA)
Tran Thi Lan Huong, senior public administrationexpert from the World Bank, said Vietnam has good infrastructure. However, therestill remain limitations in bandwidth, transmission quality, mechanisms andpolicies.
She suggested the country invest more in digitalcapacity in agencies and businesses, consolidate mechanisms to promoteinnovations, and utilise private resources in digitalisation.
A representative from European Chamber of Commercein Vientam (EuroCham) said EuroCham lauds the impressive progress theVietnamese Government has made in the digital government programme 2020.
EuroCham recommended Vietnam to develop and applysmart cloud policies to speed up digitalisation, and consider issuing policiessupporting the process.
Other delegates said Vietnam should step upinvestments in personnel training in digital technology, connectivity andinfrastructure, while paying more attention to building technology startupecosystem./.
Vietnam will need to do more if it wants to become a digital powerhouse as envisioned in the socio-economic development strategy adopted by the Party in February 2021, said a report of the World Bank.
Prime Minister Pham Minh Chinh delivered a speech at the 2021 Global Trade in Services Summit via video on September 2 evening, highlighting the promotion of cooperation in digital transformation given the current context.
National Assembly Chairman Vuong Dinh Hue and Speaker of the Finnish Parliament Anu Vehvilainen on September 10 witnessed the signing of a cooperation agreement between the Vietnam Posts and Telecommunications Group (VNPT) and Nokia Corporation on the upgrade and development of VNPT's digital infrastructure.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Digital economy is a trend pursued by countries worldwide amid the COVID-19 pandemic. (Photo: ) 
At the seminar (Photo: VNA) 
