The Ho Chi Minh National Academy of Politics held a seminar on digital economy and necessary policies of Vietnam in the morning of March 15th. Assoc. Prof. Dr. Le Quoc Ly, Vice President of the Academy chaired the seminar. Attendees of the seminar were experts and scientists inside and outside the Academy.
Assoc. Prof., Dr. Le Quoc Ly delivered a speech at the seminar.
Over the past 10 years, the digital economy has grown constantly in both infrastructure and business markets. In 2007, the number of internet users in Vietnam was 17,718,112 people. By 2017 it reached 64 million people, accounting for approximately 67% of the population, leading our country to 13th place in the top 20 countries with the highest number of internet users in the world.
In this seminar on digital economy, the scientists raised many issues about the digital economy and policy recommendations for development. The experts said that Vietnam is stepping on the development of the digital economy accompanied by increased risks and challenges. Hence, new forms of assessment and steps are required to cope with challenges, ensuring economic growth.
The applications of digital economy are increasingly penetrating deeper into the social life and the global economy as an objective phenomenon. New services on digital platforms are constantly being developed, creating a series of positive consequences. It is a new experience for consumers (how to book and pay for services), cheaper prices thanks to reducing transaction costs, better quality thanks to effective feedback channel and utilizing idle resources, etc. Moreover, it creates the necessary pressure for traditional service providers to innovate technology to improve competitiveness. According to the share, in the digital economy, the key point is data connection and data sharing, so the competitive advantage will belong to business entities who are able to connect information and capture as well as share information securely.
However, the emergence of services on digital technology platform, especially connecting and intermediary services, has also created controversy and challenges for not only policymakers, but also academics. The issues to be interpreted are the classification/nature of services, legal regulations for traders, measures to ensure healthy competition, consumer protection, tax administration, control of general trading conditions, etc.
This seminar is one of the series of policy discussion, suggesting philosophical contents, as well as initially interpreting hot spots in the digital economic life in Vietnam today from the theoretical perspective.
The delegates and scientists attended the seminar
News: BBT, photo: Manh Thang
Author: Translator: Mai Phuong, Proofreader: Nguyen Thi Viet Nga