On the afternoon of March 21, at the headquarters of the Ministry of Information and Communications, Minister Nguyen Manh Hung had a meeting with the delegation of the US-ASEAN Business Council (USABC). This is the group of businesses that has the most comments to contribute to the Ministry of Information and Communications on issues of institution and policy building. Minister Nguyen Manh Hung was pleased to receive the delegation and highly appreciated the regular dialogue between the Ministry of Information and Communications and USABC. According to the Minister, having many comments related to institutions, especially digital institutions, shows that US businesses want to do long-term business in Vietnam, considering Vietnam as a partner. " Vietnam is an open country in institution building, listening to the opinions of businesses, especially foreign businesses ", the Minister affirmed to the US businesses. Discussing the viewpoint on institution building, the Minister said that the drafting unit must balance the interests among the parties, between the State, businesses and consumers. The Ministry of Information and Communications also wants to listen to opinions, suggestions and recommendations from businesses so that Vietnam can develop quickly and sustainably.

The US-ASEAN Business Council delegation visited and worked with the Ministry of Information and Communications. Photo: Le Anh Dung

At the meeting, US digital technology businesses such as Meta, Mastercard, SAP Asia, and SalesForce thanked the Ministry of Information and Communications for its openness in policy. Many businesses affirmed their commitment to continue providing quality consultations, contributing to helping Vietnam perfect its digital legal framework. Sharing on this issue, President and CEO of the US-ASEAN Business Council Ted Osius said that the contributions of USABC member businesses are all based on the viewpoint of respect, construction, and towards common interests for all parties. Mr. Ted Osius said that the digital economy is a new field and many things have not yet been discovered. The United States itself is learning, doing, and sharing experiences. “ In the framework of two-way exchanges, US businesses also learned a lot from Vietnam, grasped information about the development of the digital economy as well as Vietnam's aspirations in developing the digital economy ,” said the President of USABC.

Minister Nguyen Manh Hung affirmed to US businesses about Vietnam's openness in building digital institutions. Photo: Le Anh Dung

Vietnamese and US digital businesses conquer the world together At the meeting, US businesses shared their concerns, including questions and suggestions on Internet and online information management policies, AI management policies, and digital platforms. According to Mr. Boon Poh Mok, Director of Government Relations and Public Policy for Southeast Asia and China at Roblox, this corporation specializing in game solutions and digital content wants to find partners in the Vietnamese market. Roblox is also interested in the Ministry of Information and Communications' policies on managing platforms, especially Generative AI.

Roblox's Director of Government Relations and Public Policy for Southeast Asia and China. Photo: Le Anh Dung

Sharing the same view, representative of SAP Asia business management solutions company Lovneesh Chanana said that when talking about AI, we must mention the effectiveness when embedded into the systems of enterprises, thereby affecting business results. SAP Asia wishes to cooperate with the Ministry of Information and Communications and Vietnamese enterprises in building AI trust and developing Generative AI applications to promote digital transformation, minimizing negative impacts.

SAP Asia Public Policy Director for Southeast Asia and Japan Lovneesh Chanana. Photo: Le Anh Dung

Mr. Suresh Sugavanam, Vice President and CEO of UL Solution, expressed his proposal to support Vietnam in measuring quality standards, ensuring the compatibility of electronic devices, creating a premise for technology transfer and export. In response to the sharing of US businesses, Minister Nguyen Manh Hung expressed his thanks and said that these are also issues that Vietnam is interested in. Vietnam has determined that in the near future it will develop specialized AI for a narrow field, especially AI-based virtual assistants. Four major virtual assistants are being built by Vietnam to serve civil servants and people, thereby improving labor productivity. The Ministry of Information and Communications is promoting investment in data centers, with very open policies. " The Vietnamese Government's wish is that every business, organization, and even every citizen will have a virtual assistant. American technology companies should come to Vietnam to develop hundreds of thousands of virtual assistants ," Minister Nguyen Manh Hung called.

SAP Asia Public Policy Director for Southeast Asia and Japan Lovneesh Chanana. Photo: Le Anh Dung

Minister Nguyen Manh Hung also shared with the delegation some orientations of the Ministry of Information and Communications, including drafting the Law on Personal Data Protection and the Law on Data, issuing a national game strategy, and promoting US businesses to invest more deeply in Vietnam in the fields of software development and testing. According to the head of the Information and Communications sector, the Vietnamese Government considers digital transformation and the digital economy as the main driving force for development and achieving growth targets. In the field of digital technology, there are many opportunities for businesses of the two countries to cooperate. Not only US businesses come to invest, Vietnamese businesses also go abroad. Technology businesses of the two countries can become long-term partners, together conquering the world market. If US businesses already doing business in Vietnam or planning to invest in Vietnam encounter difficulties, the Ministry of Information and Communications is willing to support in the field of management.

Mr. Ted Osius - President and CEO of USABC. Photo: Le Anh Dung

In response to the sharing of Minister Nguyen Manh Hung, Chairman and General Director of USABC believes that, with its available potential and open policies, Vietnam will become a powerhouse in AI, while improving its position in the global supply chain. US businesses also expressed their desire to contribute to Vietnam's development and believe that Vietnam's aspiration to develop the country with digital technology will become a reality. source