Forbes Vietnam Innovation Forum: Sailing the digital sea
It is a need to build a dynamic, fast-growing, sustainable and self-reliant economy on the basis of science-technology and innovation, and in combination with international relations and integration, heard a forum in Ho Chi Minh City on March 30.
Delegates at the forum (Photo: VNA)
HCM City (VNA) – It is a need to build adynamic, fast-growing, sustainable and self-reliant economy on the basis ofscience-technology and innovation, and in combination with internationalrelations and integration, heard a forum in Ho Chi Minh City on March 30.
The Forbes Vietnam Innovation Forum, themed “Sailing thedigital sea”, was jointly held by Forbes Vietnam, the Vietnam NationalInnovation Centre (NIC) and Do Ventures.
Speaking at the event, Deputy Minister of Planning andInvestment Tran Duy Dong said factors such as geopolitical competition, tradewars between powers, and strong impacts of the fourth Industrial Revolution havepresented an urgent need for self-resilience in production.
Vietnam has climbed up five places to the 54th position in thelatest Global Startup Ecosystem Index by startup research company StartupBlink,he said, adding that the country remained among the world top 50 innovativecountries.
In 2022, Vietnam posted the highest growth rate indigital economy in Southeast Asia with 28% as compared with the previous year,from 18 billion USD to 23 billion USD. The growth rate is expected double thenational GDP growth by 2030.
They are encouraging signs as Vietnam shifts from therecovery mode to a regeneration phase, the official noted.
Google and Temasek also estimated that Vietnam'sdigital economy will reach 43 billion USD by 2025.
Orkan Akcan, Executive Vice President forInternational Growth of Insider, an Asian technology unicorn, said innovationand optimising development opportunities during the transition from thetraditional economy to the digital economy will bring a lot of opportunitiesto Vietnam.
He suggested domestic firms utilise innovation anddevelop right products to access markets and affirm their footholds.
Nguyen Duc Long, a representative from the NIC, saidthe centre has selected some sectors to focus its support for startups, includingsmart production, smart cities, cyber security, digital communications,semiconductor and medical technology./.
VNA
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Delegates at the forum (Photo: VNA)