Digital transfomation expected to bring prosperity

11-Jul-2020 Intellasia | VNS | 6:02 AM Print This Post

Vietnam has a comparative advantage in digital transformation thank the country’s large number of strong telecommunications and IT businesses and a top official has said it’s time for the country to make a breakthrough in the field.

Nguyen Manh Hung, minister of Information and Communications made the statement at the launch of the Viet Solutions 2020 contest in Hanoi on Wednesday.

The contest was organised by the Ministry of Information and Communications (MIC) and Viettel Group to search for innovative technology products or solutions that can integrate into social industries in the national digital Transformation programme.

Viet Solutions is searching for products and applications in telecommunication, health care, education, finance and banking, agriculture, transport, logistics, energy, natural resources and industrial production.

The competition is for people around the world. Candidates will be connected with potential partners and participate in training courses to improve financial management skills and marketing to seek investment.

The initial pilots have been carried out by Viettel for two years. This is also the first time the country’s IT industry has organised an annual contest like this.

“Digital transformation is a universal revolution. Products and solutions will be found, nurtured as well as widely applied and honoured. Digital transformation is the cradle for the birth of Vietnamese digital technology businesses. From here, Vietnamese firms, products and solutions will go abroad and make Vietnam famous. Therefore, this competition is to find solutions to Vietnamese problems, but also to solve global ones,” he added.

He said the best solution to accelerate digital transformation is to quickly develop platforms, especially Vietnamese ones.

“A successful digital transformation platform can solve problems for millions of people and thousands of businesses. In particular, if data is considered a resource, then this resource must be stored in Vietnam, by the Vietnamese platform.”

Le Dang Dung, acting chair cum general director of Viettel Group, said as the largest technology and industrial group in Vietnam, Viettel will be ready to work with technology enterprises whose products are selected through this competition.

“Vietnam’s problems are many. This is an opportunity for technology companies. Solving these problems is to contribute to building the digital citizens, digital society and nation that the government is aiming for. Once we have the same goal, we can share our advantages, complement each other and create a resonance in the community,” Dung said.

Viettel with more than 100 million customers in 11 international markets will help competitors complete technology products at national and global scales.

The winning team will receive a cash prize of VND200 million (US$8,593). The second and third teams will receive VND100 million and VND50 million, respectively.

In addition, the winning teams also have the opportunity to sign business cooperation contracts with Viettel and enjoy profit-sharing of up to 75 per cent.

Viettel also pledged to sponsor all expenses for the three winning teams participating in the C1 Start-up Cup competition in the US with a total prize value of $50,000 or attending the World Mobile Conference (MWC) 2021 in Barcelona.

Submissions should be sent online at website: from now till September 20.


Category: Economy, Vietnam

Print This Post

Comments are closed.