Fo­rum spot­lights busi­ness growth in dig­i­tal age

Viet Nam News - - BUSINESS -

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 sec­tor’s pro­duc­tion value con­trib­uted over 0.7 per cent to the na­tion’s 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 Nam’s 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 sec­tor’s 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

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