HCM City to bolster digital transformation for economic recovery
Ho Chi Minh City has identified promoting all-round digital transformation as one of the important tasks to recover and develop the local economy this year.
HCM City (VNA) – HoChi Minh City has identified promoting all-round digital transformation as oneof the important tasks to recover and develop the local economy this year.
The city’s digitaltransformation programme, issued in July 2020, sets a target that the digital economywill make up 25 percent of its gross regional domestic product (GRDP) by 2025and 40 percent by 2030. It gives priority to 10 sectors, namely health care,education, transport, finance - banking, tourism, agriculture, logistics,environment, energy, and human resources training.
HCM City also looks to raise thedigital economy’s proportion in GRDP to 15 percent in 2022.
Speaking at a seminar onMarch 25, Director of the municipal Department of Information andCommunications Lam Dinh Thang said while the COVID-19 pandemic hasn’t beenover, HCM City’s economy is still facing an array of considerable difficultiesand challenges.
The seminar held by the HCM City Institute for Development Studies and the municipal Department of Information and Communications on March 25. (Photo: VNA)
The city views implementingall-round digital transformation and developing a digital economy as one of theimportant tasks to recover and develop its economy. Besides, it will also stepup digital society, digital administration, and smart city building, he noted.
Some experts suggested thatin terms of digital infrastructure, HCM City should complete general and specialiseddatabases in its smart city project, boost the building of information securitymechanisms to encourage enterprises to do business on digital platforms, andpay due attention to cybersecurity.
Regarding digital business,they recommended the city survey companies’ demand and devise differentprogrammes supporting firms to innovate, apply technology, and shift to digitalbusiness models.
Pham Binh An, Deputy Directorof the HCM City Institute for Development Studies, held that local authoritiesshould improve their capacity to assist digital technology startups, facilitatedigital business and e-commerce activities, and increase connecting e-commercefirms with manufacturers./.
This year, the Department of Information and Communications of Ho Chi Minh City will develop artificial intelligence applications in many sectors, such as public administration, transport, healthcare, banking and industries.
Ho Chi Minh City’s official digital transformation portal //chuyendoiso.hochiminhcity.gov.vn has been put into operation, the municipal Department of Information and Communications said on March 18.
Vietnam is gradually shifting to a digital economy in which cross-border trading is becoming the core factor, an official from the Ministry of Planning and Investment (MPI) told a webinar on e-commerce held on March 22.
A digital economic consulting network at the communal level will be formed this year to support small- and medium-sized enterprises (SMEs) in digital transformation.
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.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Illustrative image (Source: VNA) 
The seminar held by the HCM City Institute for Development Studies and the municipal Department of Information and Communications on March 25. (Photo: VNA) 
