Forum spotlights business growth in digital age
The Vietnamese Party and State defined information, communications and technology as an important part of infrastructure and an effective tool to create a new development model and a momentum for boosting the knowledge-based economy as well as improving national competitiveness.
HAØ NOÄI Telecom and internet providers in Vieät Nam have recorded US$6.1 billion in revenue and created more than 851 jobs, experts said at a forum on enterprises in the digital age held in Haø Noäi yesterday.
The forum took place in conjunction with the announcement of the Vietnam Chamber of Commerce and Industry (VCCI)s annual report on business in Vieät Nam.
The IT and telecom sectors production value contributed over 0.7 per cent to the nations GDP on average in 2017-18. In 2016, the number of IT/telecom businesses surpassed 11,000, accounting for 2.2 per cent of Vieät Nams total figure.
Apart from the application of advanced technologies in traditional sectors, the digital age has given birth to a number of nontraditional business models in Vieät Nam, like online car hailing and financial technology (fintech) services.
Expert said fast changes in these new models have sometimes outpaced legal regulations, thus causing difficulties for their providers and conflicts between them and their traditional peers.
VCCI Chairman Vuõ Tieán Loäc said last year, the Prime Minister issued Decree 16 on capacity building for the Fourth Industrial Revolution.
He said the decree put forth key measures on IT infrastructure development, and prioritised the building of digital industry, smart agriculture and smart cities.
He noted companies ought to design their relevant action plans and join the public sectors efforts in building strategies for smart governance and innovation.
Loäc also acknowledged the achievements of the business sector last year, with the establishment of 126,859 new firms, the highest number recorded to date.
Phaïm Thò Thu Haèng, head of the Vieät Nam Business Insight Survey, a VCCI initiative, said the year saw improvements in the private sector, but the trend of smaller-scale firms persisted and the rate of performance failure among small scale businesses remained high.
Improvements needed in ICT
The human resources training quality for information, communications and technology (ICT) needs to be improved quickly amid the Fourth Industrial Revolution, said Deputy Minister of Information and Communications Phan Taâm.
Taâm was speaking at a seminar on Vieät Nam-Australia cooperation in ICT training in Haø Noäi on Wednesday.
The event, co-organised by the Australian Trade and Investment Commission (Austrade) and the Vietnamese Ministry of Information and Communications, is a platform for universities, research organisations and companies of the two countries to exchange training experience and seek collaboration opportunities.
The Vietnamese Party and State defined ICT as an important part of infrastructure and an effective tool to create a new development model and a momentum for boosting the knowledgebased economy as well as improving the national competitiveness in the international economic integration.
Vieät Nam has 250 universities and colleges in addition to 164 vocational training schools providing ICT training, with some 86,000 students. Relevant agencies in Vieät Nam are actively seeking measures to raise the training quality in the field of ICT to create a new generation of workers with good knowledge and skills that can adapt to changes in the digital economic era, Taâm said.
He hoped the experts would discuss about the challenges Vieät Nam was facing in ICT human resources development amidst the impacts of the Fourth Industrial Revolution.
Vuõ Theá Bình, vice chairman of the Vieät Nam Internet Association, said Vietnamese firms were lacking in some 80,000 people for software outsourcing as well as for the blockchain sector in 2018. Of this, HCM City and Haø Noäi have the highest demand of human resources in ICT. Small and medium-sized ICT companies especially have been hard to retain their human resources as a majority of the excellent students choose large foreign enterprises.
It is predicted Vieät Nam will need some 400,000 people in the ICT sector by 2020. The Government has focused on increasing the number of highly skilled engineers, organising studies and supporting hi-tech start-ups as part of the science and technology development strategy in the 2011-20 period.
The Australian government is willing to co-operate and share experience with Vieät Nam in seeking measures to adapt to the Fourth Industrial Revolution (Industry 4.0), said Yvonne Chan, Australian deputy consul general to HCM City and senior trade commissioner of Austrade.
Chan believed that with the presence of leading IT experts from both the countries, the seminar would see the proposal of numerous IT development initiatives and solutions as well as partnerships between Vietnamese and Australian organisations.
At the seminar, participants discussed the impacts of Industry 4.0 on ICT human resources development in Vieät Nam, ICT training demands, priorities and challenges of Vieät Nam and innovative solutions to human resources quality improvement in the digital era in the country. VNS