“Digital economy makes the world small, but helps small businesses grow”
From the real market to the “virtual” market
Speaking at the opening of the Seminar “The role of digital platforms in economic recovery after the pandemic”, Deputy Editor-in-Chief in charge of the People’s Deputies Newspaper Pham Thi Thanh Huyen said that Vietnam aims to become a digital country. To be the leading, stable and prosperous region in the region; to develop a safe, humane, and widespread digital environment. The specific goal is to bring the digital economy to 20% of GDP by 2025 and Vietnam to be in the group of 70 leading countries. Head of e-Government.
Ms. Huyen also cited Google’s report, Vietnam’s digital economy in 2021 will be worth 21 billion USD and is expected to reach 57 billion USD in 2025, ranking second in Southeast Asia with growth rate. about 29% a year.
Vietnam’s digital economy is forecast to reach 57 billion USD by 2025
Assessing the current platform economy and digital platforms in Vietnam, Mr. Ngo Vinh Bach Duong, Head of the Economic Department (Institute of State and Law) said that the platform economy has existed for a long time with various forms, from real “markets” to virtual “markets”. There, sellers and buyers can meet to exchange information and make a decision to buy or not to buy, to trade or not to trade.
“For example, the Giang Vo “people market” is an extremely typical platform. With the development of technology, the physical platform gradually disappears and is replaced by digital platforms like Amazon, eBay, Facebook …”, Mr. Duong gave an example.
Emphasizing the development of the “virtual” market, Ms. Lai Viet Anh, Deputy Director of the Department of E-commerce and Digital Economy (Ministry of Industry and Trade) said that for traditional markets, we only have about 100 people. but on e-commerce, we have from 300,000 – 400,000 to over 1 million or up to several million sellers.
Ms. Lai Viet Anh, Deputy Director of the Department of E-commerce and Digital Economy (Ministry of Industry and Trade)
Ms. Lai Viet Anh said that the two years of the COVID-19 epidemic raging was a disaster for the world economy and caused great difficulties for Vietnam’s economic development. But for the field of e-commerce, this is a “push” for e-commerce as well as digital platforms to develop.
In the past 2 years in Vietnam, 8 million more online consumers have entered the market. Of which 55% come from areas outside the big cities and 99%. The users said they would continue and increase the frequency of using the online platforms.
The game is fairer
In another perspective, Mr. Vu Tien Loc – Member of the Economic Committee of the National Assembly said that the digital economy in general or digital platforms in particular is a great opportunity for small and medium enterprises to develop.
Mr. Loc assessed that when small and medium enterprises use shared platforms, they are immediately on par with large enterprises in participating in the digital economy. Small and medium enterprises can completely equal with large enterprises in accessing markets as well as technology.
He took for example a popular restaurant that can go to apps like Grab to sell goods in just 1-2 days, instead of spending months and costs to make a website to order, but not sure if there are any customers. know to visit.
“Digital economy makes the world smaller, helps small businesses grow. There is no longer the advantage of scale as in the past, the important point now is quality and dynamism,” said Mr. Vu Tien Loc.
Mr. Vu Tien Loc said that in the digital economy, competition between large and small businesses becomes fairer
According to Mr. Loc, current digital platforms have been fully built and operated effectively, reaching many customers, good transaction processing ability, high safety and security, and integrated with many systems. , transaction support solution. Besides, small and medium enterprises can immediately participate in online transactions with minimal cost and time.
Not only for small and medium enterprises, Mr. Loc said that the business community in general through digital platforms can reach customers more widely. For example, many businesses are able to export for the first time thanks to cross-border e-commerce platforms. In addition, helping businesses to digitally transform and increase operational productivity, thanks to the effective transaction connection mechanism and infrastructure of connecting technology platforms, resource coordination system, payment support, etc. online math.
The legal framework needs to be completed soon
Regarding long-term development solutions, Mr. Nguyen Hai Nam, Standing Member of the Economic Committee of the National Assembly, assessed that the digital economy in Vietnam has had positive results such as Vietnam ranked 22/60. country, the growth rate will increase by 16% compared to 2020, the scale of the digital economy will reach 20% of GDP.
According to Mr. Nam, these are very encouraging results as the picture of the digital economy needs to be completed in the legal framework, soon there is a national overall strategy on the digital economy; regulations on personal data protection, network safety and security…
“It is necessary to develop a legal framework for new products, new economic models, and a legal framework for data sharing and data centralization to increase efficiency. In particular, it is necessary to improve the legal framework for dispute settlement in e-commerce businesses such as Grab and Uber in terms of transportation. Legal frameworks need to ensure order, defense and security in cyberspace in accordance with international standards and international commitments. In addition, it is necessary to have national planning strategies on digital transformation and the digital economy,” suggested Mr. Nam.
Mr. Nguyen Hai Nam, Standing member of the Economic Committee of the National Assembly
Meanwhile, Ms. Lai Viet Anh emphasized the importance of institutional issues. She said that in the past 2 years of the COVID-19 epidemic, businesses wanted to deploy services to connect supply and demand, circulate goods to reach consumers, but encountered many obstacles.
“If the institution is opened, it will be much more effective for businesses than other forms of financial support,” said Deputy Director of the Department of E-commerce and Digital Economy.
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