Digital Biz

The Vietnam Golden Book of Creativity 2021 has honored 76 projects and creative solutions in science and technology. Vietnam’s innovation capacity has continually increased over recent times. In the Global Innovation Index (GII) Ranking Report 2021, released by the World Intellectual Property Organization (WIPO), Vietnam ranked 44th among 132 countries and territories, leading the low-middle-income group.

The Vietnam Software and IT Services Association (VINASA) will announce its Digital Transformation Framework for Small and Medium-sized Enterprises (SMEs) and Manufacturing Businesses at the Vietnam DX Summit 2021 on November 30. The Framework consists of 26 documents in 26 sectors in the three fields of trade, services, and small-scale manufacturing.

Prime Minister Pham Minh Chinh has approved the “Promoting the application of information technology and digital transformation in trade promotion activities for 2021-2030 period” project, under which a digital trade promotion ecosystem will be formed, with all trade promotion organizations and more than 200,000 businesses being granted accounts by 2025.

Tech startup VerseHub, founded by Vietnamese and British investors and following the Metaverse trend, has recently received investment of $1 million. Currently operating in the UK, it will expand in Vietnam to promote the entrepreneurial spirit of the younger generation.

Vietnam’s e-commerce market has continually grown strongly over the past five years and there remains room for further growth. The percentage of internet users shopping online is still quite low, but many say they will continue to shop online in the future.

Having posted good results to date, the State Bank of Vietnam (SBV) will continue to promote non-cash payments in the time to come, according to SBV Governor Nguyen Thi Hong. Eighty per cent of personal payment transactions on non-cash electronic channels are currently free.