Digital Biz

Under the Action Plan for 2022 on Digital Transformation, issued by the National Committee on Digital Transformation, Vietnam will focus on directing and coordinating ministries, branches, and localities to promote digital transformation and develop digital government. Goals to the end of the year include over 90 per cent of Vietnamese people having electronic health records and 85 per cent having smartphones.

On the occasion of Sierra Leone President Julius Maada Bio visiting Vietnam, on March 16, Mr. Jacob Jusu Saffa, Minister and Chairman of the Office of the President of Sierra Leone, and FPT Chairman Truong Gia Binh signed an MoU in which FPT will support the promotion of national digital transformation and digital workforce training in the African country. This is the first time a Vietnamese tech company has signed a total digital transformation contract with a foreign government.

According to Mr. Nguyen Truong Giang, General Director of VNPT Vinaphone, the domestic cloud market has a few hundred services but Vietnamese businesses are using only a few dozen. If all businesses use cloud by 2025, the market will reach over VND53 trillion ($2.3 billion). A legal framework is therefore needed to create a fair playing field for Vietnamese businesses to develop the market.

Gojek and MoMo announced a strategic cooperation on March 14, under which the MoMo e-wallet will be integrated into Gojek’s services such as GoRide, GoCar, and GoFood in Vietnam in order to introduce a new non-cash payment method. The cooperation will give Gojek’s customers the option of paying via e-wallet in addition to credit card, debit card, and cash.

The Vietnam Blockchain Union (VBU), under the Vietnam Digital Communications Association (VDCA), has been established, to connect organizations and individuals to research, apply, invest, and develop policies on blockchain. It will prioritize developing Vietnam’s blockchain community, policy consulting activities, technological research, communications, resource training, and startup support.

Novaon Capital - the first investment fund to apply AI technology in Vietnam - has announced a strategic cooperation arrangement with FPT Capital - a professional fund management company with major assets - to provide digital financial investment solutions using AI technology. The arrangement is expected to bring positive changes to the digital finance industry and promote digital finance in Vietnam’s investor community.