Mr. Vu Tien Loc, Member of the 15th National Assembly, Member of the Economic Committee of the National Assembly, Chairman of the Vietnam International Arbitration Center (VIAC) discussed at the event
According to the report Platform economy: A catalyst for digital growth in Southeast Asia According to the TFGI Institute, internet users of the six largest countries in the region, Indonesia, Malaysia, Philippines, Thailand, Singapore and Vietnam, will increase from 400 million in 2020 to 525 million in 2025, bringing the Southeast region Asia has become one of the fastest growing internet markets in the world.
Digital platforms play an important role in maintaining continuity as well as minimizing the negative impacts of the epidemic on the economy, and will continue to play an important role in the process of economic recovery and change. new after the pandemic. Vietnam is a prime example of this trend. In 2020, when the global and regional economies both decline, Vietnam’s digital economy growth rate will still reach 16%, the highest in the ASEAN region (along with Indonesia). Vietnam’s digital economy has a turnover of $14 billion, which is estimated to account for about 1% of Vietnam’s GDP, according to a report by Google, Temasek and Bain & Company.
Ms. Nguyen Thai Hai Van, Managing Director of Grab in Vietnam, said that the digital economy will serve as the driving force in Vietnam’s next phase of economic growth, allowing users as well as super-sized businesses. Vietnam’s small, medium and small enterprises have access to new technologies and services and thereby increase income opportunities.
Dr. Vu Tien Loc, a member of the advisory board of TFGI Institute, said that Vietnam is currently a large market with potential for new business models with a golden population structure, large internet and smartphone users. In particular, Vietnam is currently located in a dynamic economic region with great potential to become the center of the digital economy.
However, the risk of being left behind by many segments of the population will be great if there is not an overarching development strategy for the digital economy that does not bring the digital economy closer to people in the region. rural areas and micro, small and medium enterprises. The legal system on the digital economy has not yet reflected the reality of digital economy activities. In addition, our country still lacks labor resources to serve the digital economy.
At the seminar, the guests shared their suggestions and recommendations to strengthen public-private cooperation to create a favorable environment for the development of digital platforms in Vietnam, especially policies to support super enterprises. small, medium and small, to take advantage of digital technology as well as advanced technology to improve productivity and expand consumer reach.