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Vietnam boasts great digital economy potential: insider

Vietnam boasts vast potential to transform into a fully-digitalised economy and society like Japan and the Republic of Korea (RoK), said Director of the Singapore-based Technology Research Project Corporate (TRPC) John Ure.
Vietnam boasts vast potential to transform into a fully-digitalisedeconomy and society like Japan and the Republic of Korea (RoK),said Director of the Singapore-based Technology Research ProjectCorporate (TRPC) John Ure.

The TRPC and the VietnamChamber of Commerce and Industry (VCCI) held a forum in Hanoi on June 9during which a report on Vietnam ’s digital economy potential wasreleased.

The VCCI report reveals that about 40 percent of the global population surfs the Internet every day.

With over 30 percent of its population using the Internet, Vietnamhas been continually among the top 20 countries with the biggestproportion of net surfers. The rate is expected to reach 45-50 percentby 2020, the report says.

Nguyen Quang Vinh from theVCCI’s standing board said each job in technology will generate five toseven related jobs, and every 20 percent increase in the investment ininformation technology (IT) and telecommunications will raise the grossdomestic product by 1 percent.

However, Vietnamranks only 45 th of the 50 surveyed countries in terms of digitaleconomic transformation as its IT connection and application indexes arerelatively low, he added.

The TRPC said a digitaleconomy is a knowledge economy where its people are equipped withnecessary skills to design and produce digital goods and services forthe community, and e-learning is a direct path to the digitaltransformation.

E-learning has just developed inVietnam over the past few years. The country has had around 3-5million e-learners since 2013 who have made the field worth 50 millionUSD, surging by over 40 percent annually.

Meanwhile, the global e-learning market is estimated at 30 billion USDand has already matured in Japan and the RoK, the TRPC noted.

John Ure said to reach the level of these nations, Vietnam mustdevelop Internet access infrastructure, skilled personnel and favourablemechanisms for digital development.

It should alsoconsult sectors greatly affected by Internet use like healthcare andeducation in the design of a comprehensive policy on digitalisation, headded.-VNA

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