These are manufacturing, which makes up for 16% of the countrys GDP, and fintech, enabling banking and insurance companies to digitize and automate the way they work. Youth account for 56% of the labor force (52% of the employment and 4% of the unemployment). This will open the door to opportunities for experienced and quality Australian services suppliers including in digital health and digital banking services, in particular. When the country celebrates these two milestones in 2025, Vietnam would be CSIRO, Brisbane. 7 Conferencing and collaboration tools FUTURE DIGITAL ECONOMY TOWARDS 2030 AND 2045 May 2019. CSIROs Data61, the data and digital specialist arm of Australias national science agency, and Evfta and Digital Economy in Vietnam ENG digital economy and digital transformation in vietnam reader prepared for roundtable series on evfta, evipa and This scenario is highlighted in a report featuring Vietnams future digital economy towards 2030 and 2045, implemented by Australias Commonwealth Scientific and Industrial Research Organisation (CSIRO) in collaboration with the Vietnamese Ministry of The visit of Vietnams Prime Minister Chinh to the US has been very successful after the visit of party general secretary in 2015, and it clearly shows that the Vietnamese Prime Minister has been making extra efforts to help Vietnam recover from pandemic after effects and build a middle-sized income country with a higher income by the year 2030. The IR4.0, which relates to the breakthrough of the Internet of Things and artificial intelligence, has brought about changes in the manufacturing industry and had a significant impact on Vietnamese enterprises. To this end, the government is determined to ensure social security to boost national sustainable development. The Resolution of the 13th National Party Congress underlined the overall goals and concrete targets for 2030 and 2045. Cameron A, Pham T H, Atherton J, Nguyen D H, Nguyen T P, Tran S T, Nguyen T N, Trinh H Y & Hajkowicz S. 2019. In 2017, the Viet Nams Future Digital Economy Towards 2030 and 2045 report was launched by the Ministry of Science and Technology and the Commonwealth Scientific and Industrial Research Organisation. Vietnams Development Success Story and the Unfinished SDG Agenda. Rising Asian middle classes: Forecasts to 2030 suggest the global middle class is expanding rapidly, with Asia representing 88% of the next billion new entrants between 2010 and The logistics sector has grown rapidly along with the e-commerce boom. Keywords: development goals; vision towards 2030-2045. Lucy Cameron, Data 61s senior research consultant, said the report analyses mainstream trends affecting the future of Vietnams digital economy, including the impacts of emerging digital technologies, new export Vietnams Path to Growth and Profits is Digital. This article aims to analyze the current situation of Vietnam's digital economy development through five key pillars: i) digital infrastructure; ii) digital platforms; iii) digital financial services; iv) digital entrepreneurship, and Digitalization is a key drive for innovation and the foundation of a modern economy, said Prime Minister Pham Minh Chinh. The objective of this empirical study is to analyze the role of the industrial revolution 4.0 (IR4.0) on Vietnamese enterprises. Photo courtesy of CSIRO Risks and challenges must be identified during the digital transformation era to ensure that Viet Nam continues to grow and be prosperous, a new report has said. In 2020, the Government issued Resolution No. Whats the future of work in the digital economy? In the Vietnams future digital economy Towards 2030 and 2045 Report 3, the following seven megatrends are expected to drive the development of Vietnams future digital economy: 1. Anja Baum. Assignment 1 Case study on digital economy Assignment The new generation of cultural professionals is harnessing digital technology to display art and cultural collections in innovative and creative ways. Viet Nam Fisheries Development Strategy to 2030, with a vision to 2045, is the premise for the construction, consolidation, and development of the fisheries sector toward international economic integration, high-value products and enhanced competitiveness which will boost employment opportunities and improve Viet Nams socio-economy towards climate Nguyen, D. et al. The strong determination of the countrys leaders and the business community will be a prerequisite for Viet Nam to achieve its goals in 2030 and 2045, as stated in the Resolution of the 13th National Party Congress. VIETNAM. Countries like USA and China, leading the innovation in this field, account for almost two thirds of new IT patents and computer related technologies registered every year. In the report titled "Vietnam's Future Digital Economy: Toward 2030 and 2045," the four scenarios offer a blueprint for policymakers.In Great opportunity for Vietnam to close the gap with developed countries. Vietnam is poised to take advantage of the next wave of digital technologies such as blockchain, AI (artificial intelligence), internet of things and cloud-based services to become Asias next high-performing economy and improve the living standards of its residents. Dr Lucy Cameron, from Australia, lead author of the report Vietnams Future Digital Economy The emphasis should be on three market failures that will require smart interventions by the government. As a major driver of new energy demand and a country likely to be heavily affected by climate change, Vietnam could accelerate its journey toward a less carbon-intensive future. A new national plan signals a significant effort to energize this transition. Risks and challenges must be identified during the digital transformation era to ensure that Vietnam continues to grow and be prosperous, according to a new report issued by Australias Commonwealth Scientific and Industrial Research Organization (CSIRO) and Vietnams Ministry of Science and Technology. To meet the goal of 10% renewable energy, the country needs US$10 billion a year until 2030, and will need more private investment in energy in the future. The findings of a report, entitled Future of Vietnamese digital economy towards 2030 and 2045, was announced in Ho Chi Minh City on May 22.Dr. VIETNAMS. Vietnam took the chairmanship of ASEAN when the organisation was facing challenges with regard to peace and security, climate change affects, and also the need for outlining the future for developing the region as an ASEAN community. According to the authors, Viet Nam is among the top 10 countries with the highest number of smartphones with 63.1 million smartphones in use. The study is based on key recommendations from the 2019 report Vietnams Future Digital Economy towards 2030 and 2045 also funded by the Australian Government and launched in May last year. The authors of the report "Vietnam's future digital economy towards 2030 and 2045" pointed out a number of spheres that would be the key momentums for Vietnam to become a smart nation in the future: Smart logistics. Vietnams Future Digital Economy Towards 2030 and 2045 $ 0. Emerging digital technologies such as blockchain, artificial intelligence, big data analytics and the internet of things 2. Brisbane, Australia: Commonwealth Scientific and Industrial Research Organisation. Digital economy In 2017, the Vit Nams Future Digital Economy Towards 2030 and 2045 report was launched by the Ministry of Science and Technology and the Commonwealth Scientific and Industrial Research Organisation. This theme explored what digital transformation means for RMIT strategy in a post COVID environment and towards 2025 and beyond. The year of 2045 is one of the three major milestones that Mr. Trong mentioned in his article on the occasion of the 75 th anniversary of the August Revolution and the Independence Day (September 2, 1945 September 2, 2020), and ahead of the upcoming 13 th Party Congress.. Digital revolution has never been just about discovering breakthrough technologies. By Nguyen Thang - Director of Centre for Analysis and Forecasting, Vietnam (2019) Vietnams Future Digital Economy: Towards 2030 and 2045. Digital economy. The report Viet Nams Future Digital Economy towards 2030 and 2045 provides economic modelling for potential growth scenarios. HCM CITY Risks and challenges must be identified during the digital transformation era to ensure that Vit Nam continues to grow and be prosperous, a new report has said.. The report, Vit Nams Future Digital Economy Towards 2030 and 2045, notes that much has already been done through the Governments policies on 4.0 Industry such as The emphasis should be on three market failures that will require smart interventions by the government. This report is based on key recommendations from the 2019 report Vietnams Future Digital Economy towards 2030 and 2045. A review of previous studies Nguyen, D. et al. Monday, December 14, 2020 | 16:40:07. According to a 2019 report published by Australias national science agency and Vietnams Ministry of Science and Technology, titled Vietnams Future Digital Economy Towards 2030 and 2045, various trends are impacting the development of the countrys digital economy. The report provides economic modelling for potential scenarios of growth for Vit Nams digital economy up to 2045. (VOVWORLD) - Vietnam will continue its efforts to allocate necessary resources to eliminate poverty by 2045, which will mark the countrys 100 th founding anniversary. The study is based on key recommendations from the 2019 report Vietnam's Future Digital Economy towards 2030 and 2045 also funded by the Australian Government and launched in May last year. The emphasis should be on three market failures that will require smart interventions by the government. Accessed March, 2020. This report is based on key recommendations from the 2019 report Vietnams Future Digital Economy towards 2030 and 2045. The March 2022 month-end snapshot of Vietnams startup and technology news headlines, from Startup News Asia. Vietnams rapid rate of development has primed its dynamic economy for the adoption of new technologies while at the same time giving rise to new challenges. On November 11, the symposium Developing new business models in the process of industrialization and modernization to 2030, with a vision to 2045, was chaired by the Central Economic Commission. Key deficiencies A recent report Vietnams future digital economy Towards 2030 and 2045 (Cameron A et al. Vietnams rapid rate of development has primed its dynamic economy for the adoption of new technologies while at the same time giving rise to new challenges. In todays changeable new era, the economy of Vietnam has changed significantly over many years as indicated in the figure below. : Vietnams Future Digital Economy: Towards 2030 and 2045. National Strategy on Industry 4.0. The next wave of digital technologies - artificial intelligence, blockchain, the Internet of Things, and platforms and cloud-based services has the potential to transform Vietnam into Asia's next high-performing economy, and to bring up the living standards of all of Vietnam's citizens over the coming decades. Read the Genics case study* here on page 19 of the May 2019 report in collaboration with Vietnams Ministry of Science and Technology Hajkowicz S (2019). CSIRO, Brisbane. 7 Conferencing and collaboration tools This is the second of two articles in which McKinsey looks at COVID-19s immediate impact on Vietnams economy and identifies the long-term challenges the country can address to realize its potential. Digital economy. CSIROs Data61, the data and digital specialist arm of Australias national science agency, and Vietnams Ministry of Science and Technology have developed Vietnams Future Digital Economy: Towards 2045, a report that examines the trends affecting the development of Vietnams digital economy until 2045. Digital economy In 2017, the Vit Nams Future Digital Economy Towards 2030 and 2045 report was launched by the Ministry of Science and Technology and the Commonwealth Scientific and Industrial Research Organisation. Digital & Technology Global Published 3rd August 2020. In a study commissioned by the Hinrich Foundation, the economic value of digital-trade enabled benefits to the Vietnamese economy is estimated to be worth VND81 trillion (US$3.5 billion) in 2018 and it is estimated to grow by 12-fold to reach VND 953 trillion (US$42 billion) by 2030. Brisbane, Australia: Commonwealth Scientific and Industrial Research Organisation. Vietname's Future Digital Economy: Towards 2030 and 2045 Viet Nam Reports, journal articles, and research papers (including theses and dissertations) Cameron A, Pham T H, Atherton J, Nguyen D H, Nguyen T P, Tran S T, 2019 Technologies The report, Vietnams Future Digital Economy Towards 2030 and 2045, notes that much has already been done through the Governments policies on 4.0 Industry such as cybersecurity, energy and digital skills. 26/NQ-CP on promulgating the 5-year plan to implement Resolution No. CSIRO, Brisbane Google Scholar Chakravorti B, Shankar R (2017) Digital Planet 2017: how competitiveness and trust in digital economies vary across the world. Published by: Open Development Vietnam. The report provides economic modelling for potential scenarios of growth for Vit Nams digital economy up to 2045. Yet, for most countries in the world, including Vietnam, the future will not be determined by their drive The report Viet Nams Future Digital Economy towards 2030 and 2045 provides economic modelling for potential growth scenarios. Ethereum $375.13 0.45% Bitcoin Cash $246.80 -0.86% Vietnams Future Digital Economy: Towards 2045 provides economic modelling for up to the years 2030 and 2045 for four potential scenarios of growth for Vietnams digital economy. A new report examines the trends affecting the development in Vietnams digital economy until 2045. The findings of a report, entitled Future of Vietnamese digital economy towards 2030 and 2045, was announced in Ho Chi Minh City on May 22. This task requires students use the course content from Week 1 3. The future of Vietnam will be changed dramatically by digital transformation. From Nguyen Duc Thanh, Director, Vietnam Institute for Economic and Policy Research, VNU University of Economics and Business, in Vietnams Future Digital Economy Towards 2030 and 2045. You can also get all-day Startup News Asia updates: IMF working paper, 2020. Covid19 have had significant implication to the economy of Vietnam, its labor market and also the future of work for the people and for the youth. Embracing positive and modern technological trends, enhancing corporate governance is a key issue that contributes toward the sustained existence and future development of Vietnamese enterprises in this era of IR4.0. Digital economy. Vietnams future digital economyTowards 2030 and 2045. The report provides economic modelling for potential scenarios of growth for Vit Nams digital economy up to 2045. Cameron A et al (2019) Vietnams future digital economy towards 2030 and 2045. By 2030, the government anticipates that the digital economy will account for 30% of Viet Nams GDP. This sets an aspiration for the digital economy to contribute 30% of GDP by 2030. The latest edition of the World Banks Taking Stock report argues that Vietnam will need to do more if it wants to become a digital powerhouse envisioned in the socio-economic development strategy adopted by the Party in February 2021. In 2017, the Vit Nams Future Digital Economy Towards 2030 and 2045 report was launched by the Ministry of Science and Technology and the Commonwealth Scientific and Industrial Research Organisation. Ethereum $375.13 0.45% Bitcoin Cash $246.80 -0.86% With a young and vibrant population, high investment and a location in the heart of high-growth Asian economies, Vietnam has a good chance of surging forward with the new digital In Hanoi for a Young Scholars Initiative meeting of young academics, I was struck by how Vietnam was already planning for a digital economy by 2030 and 2045. Countries like USA and China, leading the innovation in this field, account for almost two thirds of new IT patents and computer related technologies registered every year. Vietnams Future Digital Economy Towards 2030 and 2045 (pdf) Asias tech news on social media. Share this entry 05-21 17:05:32 Genics technology to drive Vietnam 2030 and 2045 strategy objectives. In a report titled Vietnams Future Digital Economy-Towards 2030 and 2045, the Vietnam Government outlined two important areas of Vietnams technology landscape. Risks and challenges must be identified during the digital transformation era to ensure that Vietnam continues to grow and be prosperous, according to a new report issued by Australias Commonwealth Scientific and Industrial Research Organization (CSIRO) and Vietnams Ministry of Science and Technology. Future Digital Economy towards 2030 and 2045. The next wave of digital technologies artificial intelligence, blockchain, the Internet of Things, and platforms and cloud-based services has the potential to transform Vietnam into Asias next high-performing economy, and to bring VIETNAMS FUTURE DIGITAL ECONOMY TOWARDS 2030 AND 2045 May 2019 Dr Can Van Luc from the Bank for Investment and Development of Vietnam Mr Nguyen Duc Hien from the Central Economic Commission iv Vietnams future digital Your objective is to present a coherent analysis, including clear and meaningful recommendations on what Vietnam needs to do to move into a digital future based on best practices. The IR4.0, which relates to the breakthrough of the Internet of Things and artificial intelligence, has brought about changes in the manufacturing industry and had a significant impact on Vietnamese enterprises. in the form of a combination of face-to-face and online. 15: 2019: Approach to the patient with prior bypass surgery. Vietnam could consider using new funding sources such as the G20s new Global Infrastructure Hub to diversify energy generation and ensure energy supplies into the future, the report says. National Strategy on Industry 4.0; Future Digital Economy Towards 2030 and 2045 (Vietnam) Robot Revolution Strategy, Society 5.0 (Japan) Digital Luxembourg (Luxembourg) Manufacturing Innovation 3.0, I-Korea 4.0 (Korea) Made in China 2025, Next Gen AI Development Plan (China) Industrie 2025, Digital Switzerland (Switzerland) "Technology and innovation are emerging as a new and vital engine for Vietnams development. 36-NQ/TW of the eighth plenum of the Party Central Committee, the XIIth Congress, on the Strategy on sustainable development of Vietnams marine economy through 2030, with a vision toward 2045. The nature of work in the art and cultural sector in Hanoi, Vietnam, is changing. Vietnams Prime Minister has also approved a National Digital Transformation Agenda to 2025, with a vision to 2030. The report Viet Nam s Future Digital Economy towards 2030 and 2045 provides economic modelling for potential growth scenarios. Tng lai nn kinh t s Vit Nam Hng ti nm 2030 v 2045 Published by: Open Development Vietnam Mt bo co mi tm hiu cc xu hng nh hng n s pht trin ca nn kinh t s ca Vit Nam n nm 2045. The labor participation rate is 76.8% for 2019 and 74% for 2020. Vietnams future digital economy Towards 2030 and 2045. VIETNAMS FUTURE DIGITAL ECONOMY TOWARDS 2030 AND 2045. published by CSIRO. Vietnams digital economy in 2019 was valued at US$ 12 billion, making up 5% of the nations GDP, four times higher than 2015, according to the report e-Conomy SEA 2019''7. The report provides economic modelling for potential scenarios of growth for Vietnams digital economy up to 2045. The report addressed projected levels of tech adoption for the future of Vietnams industries. for example, all face rapidly aging populations, while nations such as Vietnam and India are transitioning to economies of high technical skills and a quickly emerging middle 2 Vietnams Future Digital Economy Towards 2030 and 2045, Data61, CSIRO AU, May 2019. In 2017, the Vietnams Future Digital Economy Towards 2030 and 2045 report was launched by the Ministry of Science and Technology and the Commonwealth Scientific and Industrial Research Organisation. This assessment requires you to read, analyse, and report on a case study. In that year, McKinsey research identified Vietnam as one of 11 recent global outperformers, thanks to its GDP-per-capita growth of more than 5 percent annually for 20 years, in addition to its successful effort to lift a significant percentage of its people out of poverty. The next wave of digital technologies has the potential to transform Vietnam into Asias next high-performing economy, and to bring up the living standards of all Vietnams citizens over the coming decades. Vietnam is a rising star in the global fintech industry. The draft is also in line with Resolution No 55 on the national energy development strategy by 2030 with a vision towards 2045. Keywords: development goals; vision towards 2030-2045. Digital revolution has never been just about discovering breakthrough technologies. The 13th Congress of the Communist Party of Vietnam will mark a milestone to determine future development objectives, encourage the solidarity of the whole nation, promote comprehensively and synchronous renewal, develop the country rapidly and sustainably for the goal of prosperous people, strong country, and Vietnam: Building a Human Economy in 2021-2030 period, with a vision towards 2045. The 13th Congress of the Communist Party of Vietnam will mark a milestone to determine future development objectives, encourage the solidarity of the whole nation, promote comprehensively and synchronous renewal, develop the country rapidly and sustainably for the goal of prosperous people, strong country, and expected to contribute 30% to Vietnams economy by 2030. The objective of this empirical study is to analyze the role of the industrial revolution 4.0 (IR4.0) on Vietnamese enterprises. The report provides economic modelling for potential scenarios of growth for Viet Nams digital economy up to 2045. A Cameron, TH Pham, J Atherton, DH Nguyen, TP Nguyen, ST Tran, Brisbane: Commonwealth Scientific and Industrial Research Organisation, 2019. Yet, for most countries in the world, including Vietnam, the future will not be determined by their drive SUPPORTED BY. A recent McKinsey survey showed that Vietnamese companies are the most eager among their peers in the Association of Southeast Asian Nations to implement Industry 4.0, yet adoption remains low. A coordinated effort from public, private, and academic stakeholders would be required to translate intention into implementation. Recently, the digital economy has had a high growth rate and is widely applied to other economic fields, especially in the period of COVID-19. 2019) highlight 5 key deficiencies for digital transformation in We Support United Nations Sustainable Development Goals. for example, all face rapidly aging populations, while nations such as Vietnam and India are transitioning to economies of high technical skills and a quickly emerging middle 2 Vietnams Future Digital Economy Towards 2030 and 2045, Data61, CSIRO AU, May 2019. The latest edition of the World Bank's Taking Stock report argues that Vietnam will need to do more if it wants to become a digital powerhouse envisioned in the socio-economic development strategy adopted by the Party in February 2021. The study is based on key recommendations from the 2019 report Vietnam's Future Digital Economy towards 2030 and 2045 also funded by the Australian Government and launched in May last year. Thang Long - Despite the great benefits it ensued, these factors can also create new challenges in controlling inequality". Ministry of Science and Technology, Vietnam CITATION Dr Can Van Luc from the Bank for Investment Cameron A, Pham T H, Atherton J, Nguyen D H, Nguyen and Development of Vietnam T P, Tran S T, Nguyen T N, Trinh H Y & Hajkowicz S (2019). Vietnams digital economy posted a revenue of US$53 billion in the first quarter of 2022 with an average growth rate of 15%.