Digital Biz

The Association for Information Systems (AIS) has established a Vietnam branch (VAIS) in order to boost the digitalization of the country’s economy by promoting cooperation in researching, teaching, and applying information systems. One of the main missions of VAIS is connecting associations and enterprises with academia through practical research on information systems and technology management systems. VAIS will also boost cooperation in management information systems (MIS) between Vietnamese and foreign universities.

While many economic sectors continue to face a raft of difficulties from Covid-19, Vietnam’s e-commerce sector has recorded impressive revenue growth. According to the E-commerce White Book 2021, B2C e-commerce revenue has risen sharply over the last five years, reaching $11.8 billion in 2020, an increase of 18 per cent compared to 2019. The sector is forecast to post revenue of $29 billion in 2025, up 34 per cent against 2020. Vietnam has recorded strong growth in both the percentage of people using the internet and the number of consumers shopping online in recent years, as well as in the value of online shopping.

Kinhdoanhso.com, the first digital center in Vietnam offering online and in-person training in tools to help businesses develop on digital platforms, was launched on July 14. The center is being jointly operated by the Vietnam E-commerce Association (VECOM), the Digital Transformation Alliance (DTS), and the IM Group.

The Vietnamese Government has assigned the State Bank of Vietnam to lead research into and implement the use of digital currency based on blockchain technology in the 2021-2023 period. This is viewed as a major step forward in the country staying abreast of global trends in Central Bank Digital Currency (CBDC).