HCM City to Strengthen Digital Transformation for Economic Recovery | Business

Illustrative image (Source: VNA)

City of HCM (VNA) – Ho Chi Minh City identified all-round promotion digital transformation as one of the important tasks to revive and develop the local economy this year.

The city’s digital transformation program, released in July 2020, sets the target for the digital economy to account for 25% of its regional gross domestic product (GDP) by 2025 and 40% by 2030. It gives the priority to 10 sectors, namely health care, education, transport, finance – banking, tourism, agriculture, logistics, environment, energy and training of human resources.

HCM City is also looking to increase the
Digital Economyin GDPR to 15% in 2022.

Speaking at a seminar on March 25, director of the municipal information and communications department, Lam Dinh Thang, said that although the COVID-19 pandemic is not over, the economy of the Ho Chi Minh City still faces a range of tremendous difficulties and challenges.

HCM City to support digital transformation for economic recovery hinh anh 2The seminar organized by the Institute of Development Studies of HCM City and the municipal Department of Information and Communications on March 25. (Photo: VNA)

The city regards the implementation of comprehensive digital transformation and the development of a digital economy as one of the important tasks to recover and develop its economy. In addition, it will also intensify digital societydigital administration and building smart cities, he noted.

Some experts suggested that in terms of digital infrastructure, HCM City should complete general and specialized databases in its smart city project, stimulate the construction of information security mechanisms to encourage enterprises to do business on digital platforms and pay due attention to cybersecurity.

Regarding digital businesses, they recommended that the city investigate business demand and design different programs to help businesses innovate, apply technology, and shift to digital business models.

Pham Binh An, deputy director of HCM City’s Institute of Development Studies, said local authorities should improve their ability to help digital technology startups, facilitate digital business and e-commerce activities, and increase connecting e-commerce companies with manufacturers./.


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