Viet Nam to become Asia’s next high-performing economy
Thursday, May 23,2019AsemconnectVietnam - Viet Nam should take advantage of the next wave of digital technologies such as blockchain, Artificial Intelligence, Internet of Things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts urged at a meeting held on May 22 in the city.
A boom in digital hardware and software exports has occurred, and Viet Nam’s young population is rapidly taking up new mobile internet services, the report said.
But to sustain high growth, Viet Nam will need to overcome substantial challenges, Cameron said.
“Strong leadership and institutions will be key in Viet Nam’s development across all economic sectors, including the private sector,” he said. “Digital transformation resulting from this strong leadership will unblock bottlenecks to promote further economic development.”
Craig Chittick, Australian Ambassador to Viet Nam, said the report was the first major output of the Aus4Innovation partnership between Australia and Viet Nam.
These include the impact of emerging digital technologies, new export markets for Viet Nam, the development of modern digital infrastructure, the push to smart cities, the rise of digital skills and services, and changing consumer behaviours.
Digital economy
The first report “Viet Nam Today”, which was released last year, examined the state of Viet Nam’s macro-economy and digital economy.
More efforts needed to refine Vietnam's economic development
Interest rates cut expected to attract borrowers
Wheat imports increased slightly by nearly 5% in first 5 months of 2023
Fertilizer export markets in first 5 months of 2023
Exports of animal feed reached 426.3 million USD in first 5 months of 2023
Imports of animal feed reached over 1.93 billion USD in first 5 months of 2023
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DAILY: Vietnamese coffee prices rose by 200 VND on June 23
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Vietnam considered rising star to become emerging market
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Hanoi’s economy sees effective recovery
Reference exchange rate on upward trend
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