Digital economy, including digital finance and digital banking, will be an effective solution to recover the economy of the world and Vietnam in particular, heard a seminar held by the National Assembly’s Foreign Affairs Committee on September 28.
In his remarks, Nguyen Manh Tien, deputy head of the committee, said digital economy is a trend pursued by countries worldwide amid the COVID-19 pandemic, and Vietnam is not an exception.
Participants shared their views on Vietnam’s digital economy, as well as advantages, difficulties and solutions to boost the digital economy, particularly digital finance and digital banking, to deal with impacts of COVID-19 and prepare for post-pandemic recovery.
They also looked into international experience in this regard, and proposed policies to serve the country’s socio-economic development effectively and sustainably.
Tran Thi Lan Huong, senior public administration expert from the World Bank, said Vietnam has good infrastructure. However, there still remain limitations in bandwidth, transmission quality, mechanisms and policies.
She suggested the country invest more in digital capacity in agencies and businesses, consolidate mechanisms to promote innovations, and utilise private resources in digitalisation.
A representative from European Chamber of Commerce in Vietnam (EuroCham) said EuroCham lauds the impressive progress the Vietnamese Government has made in the digital government programme 2020.
EuroCham recommended Vietnam to develop and apply smart cloud policies to speed up digitalisation, and consider issuing policies supporting the process.
Other delegates said Vietnam should step up investments in personnel training in digital technology, connectivity and infrastructure, while paying more attention to building technology startup ecosystem.