Home / SCIENCE & TECH
ADB partners with Vietnam to boost digital transformation
Phi Nhat 14:11, 2021/07/01
The cooperation between the two sides will help Vietnam roll out the national digital transformation program to 2025 with a vision to 2030.

The Asian Development Bank (ADB) will partner with the Ministry of Information and Communications (MIC) to boost national digital transformation, raising Vietnam's digital economy contribution to 20% of GDP by 2025.

 An overview of the signing ceremony between ADB and the Ministry of Industry and Communications. Photo: MIC

The partnership between ADB and the MIC was formalized under a Memorandum of Understanding on the development of digital government, digital economy, and digital society between two sides.

Speaking at the signing ceremony on June 30, Nguyen Huy Dung, Deputy Minister of Information and Communications said ADB is Vietnam’s suitable partner for digital transformation as its strategy focuses on digital transformation, using digital technology as the driving force to implement priorities for the economic growth and sustainable development in Vietnam. 

“These goals and aspirations have fueled the initiative of a joint cooperation plan between the MIC and ADB,” he said.

Dung asked ADB to implement to join in specific cooperation activities, supporting the ministry in researching a legal framework, policies, and solutions for the development of the digital economy, as well as seek resources to support the development of national digital platforms towards the digital government, digital economy and digital society in a comprehensive and inclusive manner.

Andrew Jeffries, ADB's Country Director in Vietnam said that ADB is aware of the importance of digitalization in the sustainable development agenda. In March 2018, ADB established a task force to promote its digital technology knowledge, innovation, and policy agenda. 

“The task force will work closely with the MIC to promote digital government, digital economy, and digital society,” he said.

Jeffries said Vietnam can reach its success through attracting investment in the tech industry, leveraging tech talent and skills, and accelerating productivity growth in this digital transformation process

Under the agreement, ADB will assist four technical activities including research and development of legal frameworks, policies, and solutions to promote the digital economy, finding resources to develop national digital platforms, researching and promoting investment in digital infrastructure projects, towards a comprehensive and sustainable digital society. 

RELATED NEWS
TAG: ADB MIC digital transformation
Other news
09:17, 2022/17/21
Vietnam-founded VinFuture Prize becomes world biggest award for scientists
The annual prize with value tripling the Nobel Prize is aimed to rewards breakthrough scientific research and technological innovations with humanitarian outcomes.
14:45, 2021/45/28
ICT industry sets 45% of Make in Vietnam products by 2025
The industry targets 10 digital businesses, marking revenue of over US$1 billion each by 2025.
20:32, 2021/32/24
Vietnamese enterprises need to address barriers in digital transformation
Digital transformation becomes an urgent need for businesses to innovate models, find more markets, cut costs and improve competitiveness.
05:06, 2021/06/16
Policies proposed to support Vietnamese SMEs in innovation
Many initiatives are given by local management agencies to promote and connect businesses with otherorganizations in innovation projects.
08:16, 2021/16/15
Vietnam to license 5G commercialization in 2022
5G is predicted to become the dominant mobile access technology in 2027.
16:50, 2021/50/09
Vietnam tightens national sovereignty protection in cyberspace
Cybersecurity and the task of ensuring national sovereignty in cyberspace, are of the utmost importance in the cause of national construction and defense.