Tag: Ministry of Information and Communication

Revenue up 14.3% as number of cyber attacks handled fall.

At the ongoing fourth session of the 15th National Assembly (NA), Minister of Information and Communications Nguyen Manh Hung made a presentation on the draft Law on Electronic Transactions. To be discussed by the NA, the draft will expand the application of electronic transactions to all activities in life, including the issuance of important licenses on land use and house ownership.

Addressing a ceremony marking the first National Digital Transformation Day on October 10, organized by the Ministry of Information and Communications on the same day, Prime Minister Pham Minh Chinh emphasized five key messages to effectively implement national digital transformation: focus on perfecting mechanisms and policies; increase the rate of administrative procedures handled online; synchronously implement solutions to develop and improve the quality of digital human resources; accelerate the introduction of production and business activities into the digital environment; and increase communications on the benefits of digital transformation.

A recent digital transformation conference heard that the share of the digital economy in GDP reached 10.41 per cent in June, up from 9.6 per cent at the end of 2021.

The Minister of Information and Communications has issued an action plan to implement the National Cybersecurity and Safety Strategy, proactively responding to challenges from cyberspace to 2025 with a vision for 2030. Approved by the Prime Minister in mid-August, the strategy aims to make Vietnam a powerhouse in cyberinformation security.

Though the number of customers using Mobile Money services has reached nearly 2 million, a 440 per cent increase since the end of 2021, growth has slowed in recent months. The Ministry of Information and Communications (MoIC) is striving for monthly growth to hit 20 per cent, for 3.5 million customers using Mobile Money services by the end of this year.

The Ministry of Information and Communications assessed Vietnam’s digital transformation targets at the recent 3rd meeting of the National Committee on Digital Transformation.

According to the Ministry of Information and Communications, 1.76 million mobile phone subscribers now use Mobile Money services, an increase of four-fold compared to January, for average monthly growth of 20 per cent. Compared to the 125 million mobile phone subscriptions in Vietnam, however, the percentage of people using Mobile Money services is still quite small.