Vietnam has been among the top 10 countries in terms of cross-border data transfer in the past decade (Photo: vneconomy.vn)
Hanoi (VNA) - Vietnam has been among the top 10 countries in terms of cross-border data transfer in the past de🍎💫cade.
Head of the Institute for Policy Studies and Media Development (IPS) Nguyen Quang Dong cited data from Nikkei Asia financial newspaper in a recent webinar focusing on cross-border data transfer and privacy protection held by the IPS as saying
The event aimed to find measures to protect users’ data safety and privacy without affecting the flow of data, deemed an artery of the digital economy.
The flow benefits the development of international trade as part of the global economy, but also poses challenges to Vietnam in terms of policies.
Therefore, seeking a suitable pathway is key to the country’s digital economy development.
The top 10 rankings in the past decade (Photo: vneconomy.vn)
Digital economy surged to 14 billion USD last year from just 3 million USD recorded in 2015, according to President of the Vietnam Digital Communications Association Nguyen Minh Hong. The figure is forecast to hit 52 billion USD by 2025.
Balance between data exchange, including personal and cross-border data, and privacy protection in a bid to strengthen users’ trust, is among the topics for building policies in Vietnam.
In the absence of protection mechanisms, the risks of data abuse will be tremendous for users, communities and countries, said Hong, who is also the former Deputy Minister of Information and Communications.
Vietnam’s building of legal regulations on cross-border data transfer are still in the initial phase, experts said.
The country should work to realise the twin targets of promoting the free flow of data for digital economy development, and ensuring safety and privacy for users, Dong said, adding supplementary measures should also be considered in the sector./.
With the pandemic showing little signs of slowing and as countries around the world shift away from the traditional economy, Asia has an opportunity to consider building a more integrated digital economy and to promote digital trade and a common digital currency.
World Bank (WB) Lead Economist and Programme Leader for Vietnam Jaques Morriset has pointed out solutions to turn the Southeast Asian nation into a digital powerhouse.
The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, with an aim to creating a breakthrough change in the growth model towards higher productivity, quality and competitiveness.
Vietnam will need to do more if it wants to become a digital powerhouse as envisioned in the socio-economic development strategy adopted by the Party in February 2021, said a report of the World Bank.
With its own capabilities and the close, experienced partnership of the International Atomic Energy Agency (IAEA), Vietnam is well-positioned to pursue its first nuclear power plant that meets the highest international safety standards. Ambassador Vu Le Thai Hoang, Permanent Representative of Vietnam to the United Nations and International Organisations in Vienna, Austria, talked to the Vietnam News Agency about the country’s deepening cooperation with the International Atomic Energy Agency (IAEA) in applying nuclear technology for peaceful purposes.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
Vietnam has been among the top 10 countries in terms of cross-border data transfer in the past decade (Photo: vneconomy.vn)
The top 10 rankings in the past decade (Photo: vneconomy.vn)
