Digitalisation to give motivation for enterprises’ development: Deputy PM

The Vietnam Venture Summit 2020, the second event of its kind, got underway in Hanoi on November 25, providing a dialogue platform between the Vietnamese Government and major international venture funds.

Deputy Prime Minister Vu Duc Dam speaks at the event (Photo: VNA)
Deputy Prime Minister Vu Duc Dam speaks at the event (Photo: VNA)

Themed "Going Digital", the summit attracted the participation of 1,000 delegates, including leaders of various ministries, universities, and research institutes across the country, along with approximately 50 foreign speakers.

Addressing the event, Deputy Prime Minister Vu Duc Dam said Vietnam has boosted the application of digital economy. The collective contributions made by the entire business community will serve to create synchronisation, while digitisation will give motivation to foster business development.

Deputy PM Dam expressed his belief that the implementation of a digital transformation programme for agencies, businesses, and communities will bring about an array of positive benefits for the local economy, thereby helping the country develop faster and in a more sustainable manner.

During the event, Minister of Planning and Investment Nguyen Chi Dung stated that the Vietnam Venture Summit is of great significance in motivating businesses develop and innovate, as well as in seeking solutions and opportunities for the Vietnamese innovation ecosystem to better integrate into the global market.

The summit also helps to link investors with startups and innovators who have devised unique ideas. Through the occasion, with the support of various ministries, departments, sectors, domestic, and foreign experts, innovative enterprises will find new directions and reach success moving forward.

It is the time now for Vietnam to focus on promoting its innovative capacity, he said, adding that sci-tech, and innovation will represent a pillar for the nation to boost its rapid and sustainable socio-economic development.

There were numerous activities to connect innovative businesses, such as Startup-Pitching and Business-Matching within the summit’s framework.

To boost the spirit of entrepreneurship and innovation, Vietnam Venture Summit was first launched in 2019 with the support of the Ministry of Planning and Investment and Golden Gate Ventures. The summit became the country’s first ecosystem event that involved key stakeholders, such as policy-makers, global investors, founders, and corporates from across the region.