Mai Liem Truc, former Deputy Minister of Posts and Telematics, believes that technology and digital transformation is the key to robust growth. Vietnam aims to become a developed country with high income by 2045. What role will the science and technology sector play in turning this into reality? All the industrial revolutions so far in history came from innovations and new technology inventions. For a long time, Vietnam stayed backward and poor because it could not take full advantage of the revolutions. Mai Liem Truc, former Deputy Minister of Posts and Telematics At the end of the third industrial revolution, while countries like India created a Green Revolution in biology, Vietnam still lacked rice. When Khoan 10 (household contracting) mechanism was applied, which allowed farmers to freely cultivate on their fields, Vietnam stopped the rice shortage period and became one of the world’s biggest rice exporters. In the telecommunications sector, Vietnam grasped the … [Read more...] about Digital transformation will help realize the aspiration to develop the country: expert
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Vietnamese firms to invest in 3 key aspects for digital transformation
The Hanoitimes - Many companies in Vietnam are considering an approach to workplace digital optimization beyond Covid-19. Digital marketing, business intelligence, e-commerce and big data are top key aspects that Vietnamese companies plan to invest in in the process of digital transformation in the next three years, according to the latest report by Adecco Vietnam. Source: Adecco Vietnam. Screenshot: NM The report found the reasons why the surveyed companies facilitate these digital transformations are to meet customer needs and expectations, reduce costs in the long term, and remain competitive in the market. The study assessed the responses from 300 employers (hiring decision-makers - managerial levels and above) and 300 employees across many industries. A gap between large and SMEs In terms of business readiness, 31% of small and 29% of medium enterprises have a clear view of their employees’ digital capabilities compared to 22% of large … [Read more...] about Vietnamese firms to invest in 3 key aspects for digital transformation
Novartis honored as pioneer in digital transformation in healthcare
Novartis is the sole pharmaceutical firm among a total of 34 units that were honored for their efforts and outstanding contributions to the Digital Transformation of the Healthcare Sector in 2020, at the National Digital Transformation Congress. Over the years, Novartis has always been a leader in the implementation of digital transformation and technology application in the health sector. This has been creating a premise in supporting and implementing digital activities such as building an electronic medical record system, deploying digital transformation in the fields of online public services, medical publicity, remote examination and treatment, etc. Novartis’ significant achievements in Digital Transformation In 2020, Novartis became the first to apply the Doctuiqy platform in organizing activities connecting healthcare professionals to update scientific knowledge. The company has also cooperated with healthcare organizations and Hello Bac Si to increase public health … [Read more...] about Novartis honored as pioneer in digital transformation in healthcare
Give and take is not a given when money is digitized
Nguyen Khac Giang The other day, I went for a bun cha on Duy Tan Street in Hanoi's Cau Giay District. The street, which bustles with offices, coffee shops and a wide range of eateries, hosts many sidewalk stalls that serve traditional Vietnamese dishes like pho , banh mi and bun cha (rice vermicilli with pork pies). I usually have lunch on the sidewalks in Hanoi, spending around VND50,000 ($2.15) per meal, which I find affordable and convenient. That day, a young employee suggested that I pay the small bill with a mobile app. Curious, I agreed, and with the staff’s guidance, it took less than a minute to set up the app and pay for lunch. In return, I received a 15 percent discount for the bill, which was nice. I felt good. Then I began thinking about all the advantages of a cashless society that the Vietnamese government and other governments have targeted. The advantages of e-commerce were starkly evident during the social distancing campaigns necessitated by the … [Read more...] about Give and take is not a given when money is digitized
Vietnam c.bank to finalize legal framework for fintech, digital banking
The Hanoitimes - The government is responsible for not only promoting innovation in the banking sector, but also maintaining stability and safety of the financial market. The State Bank of Vietnam (SBV), the country’s central bank, is in the process of revising the Law on Credit Institutions, aiming to create a complete legal framework for fintech and support the digitalization process in the banking sector, according to SBV Governor Le Minh Hung. SBV's Governor Le Minh Hung. Photo: VGP. The rapid development of fintech is putting state authorities under pressure of anti-money laundering/combating the financing of terrorism (AML/CFT), as well as coping with risks related to data privacy and cyber security, among others, said Mr. Hung said at an online conference on September 7. Under this circumstance, the state is responsible for not only promoting innovation in the banking sector, but also maintaining stability and safety of the financial market and … [Read more...] about Vietnam c.bank to finalize legal framework for fintech, digital banking