SGGP
On November 22, the Internet Day 2023 Conference and Exhibition took place in Hanoi. This is an annual forum to promote the development of the Internet in Vietnam, while shaping and sharing opportunities of the Internet economy.
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Speaking at the event, Deputy Minister of Information and Communications Pham Duc Long said that digital transformation is a historic opportunity, a national strategy, a new driving force for national development, opening a period of development based on science - technology and innovation, with the foundation being digital innovation.
According to Deputy Minister Pham Duc Long, Vietnam is one of the countries with a high rate of internet users shopping online every week (over 60%), higher than the global average (57.6%). The size of Vietnam's internet economy in 2022 reached 23 billion USD and is forecast to reach 49 billion USD in 2025. Vietnam's online retail sales revenue in 2022 reached 14 billion USD, this figure will increase to 32 billion USD in 2025. This is a great opportunity that the internet has brought and is bringing to Vietnam's development.
However, Vietnam's overall internet infrastructure is still limited compared to the scale of internet users and population. Vietnam only has 5 submarine optical cable lines, the number and scale of data centers are still very modest compared to Singapore, Malaysia, Thailand, Indonesia. Vietnam's cloud computing is basically reselling services to foreign platforms, the internet connection ecosystem is still small and simple compared to advanced countries in ASEAN...
Deputy Minister Pham Duc Long said that the Ministry of Information and Communications has quickly built legal corridors and issued policies and programs to create momentum for innovation and development. The revised Telecommunications Law, which is currently being prepared for submission to the National Assembly for approval, will expand the scope of regulation and add data center services and cloud computing services; while promoting the development of telecommunications infrastructure.
The information and communication infrastructure planning has been submitted to the Government by the Ministry of Information and Communications and is expected to be approved in 2023; setting out a vision, orientation and specific development goals for telecommunications and the Internet until 2030, with a vision to 2050. The Ministry of Information and Communications is also developing and soon promulgating a strategy and plan for the development of Vietnam's international optical cable, ensuring the safe and sustainable development of Vietnam's digital infrastructure.
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