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Vietnam's GDP may increase by 1.1% per year thanks to digital conversion

Wednesday - 15/05/2019 18:58
Four scenarios of conversion, digital application and technology are recommended by experts to apply to Vietnam until 2045.
At the Forum for Science, Technology and Innovation - a pillar for Vietnam's socio-economic development on May 15, Dr. Lucy Cameron - Senior CSIRO Research Consultant, Vietnam is "a bright future in digital economy development".

According to her, in the past Vietnam increased production, boosted technology transfer, promoted based on traditional growth. However, to make breakthroughs, it is necessary to focus on high technology, focusing on developing science and technology and innovating with new orientations. "Digital conversion and digital application will help Vietnam's GDP increase by 1.1% a year until 2045," said Ms Lucy.

CSICO's consultant provided 4 scenarios in the digital transformation application to help Vietnam innovate and develop the economy in the future, including traditional scenarios, digital transformation, digital export and digital consumption . Each scenario is likely to affect Vietnam's annual GDP growth.

In the traditional scenario, technology application will help Vietnam grow by 0.38% per year. Meanwhile, exports and consumption of GDP increased by 0.45% and 0.63% each year, respectively. In the best scenario, GDP increases the most, 1.1% a year if the application converts numbers.. In the best scenario, GDP increases the most, 1.1% a year if the application converts numbers.

"Young workers, the central position of the Asia-Pacific region with high economic growth ... are Vietnam's advantages in converting the economy. If good management in Vietnam will reach be ambitious, attract technology and innovate, "said Ms Lucy.

Meanwhile, commenting on Vietnam's innovation policy, Mr. Ousmane Dione - Country Director of the World Bank in Vietnam (WB) emphasized the participation of the private sector. According to him, their participation in the innovation process in Vietnam is like finding a standard pancake recipe. "If you want delicious cakes, besides a standard recipe, you need a skilled chef and good flour ingredients ...", he said, emphasizing the key factor here is institutional reforms to strengthen Government capacity. , enterprise...

In her view, Ms. Lucy Cameron recommends that Vietnam build a unified platform to connect innovation systems, take advantage of its strengths, focus on specialized areas, provide and support innovation. Vietnam should participate in many regional forums, promoting venture capital funds; promote partnerships in technology and technology transfer ...

"We believe Vietnam has a great opportunity to take advantage of digital technology to make breakthroughs in the coming time," she stressed.

Conference "Science, Technology and Innovation - A pillar for Vietnam's socio-economic development" by the Ministry of Science and Technology and the Australian Embassy in Vietnam and International Development and Innovation Alliance groups(IDIA) co-organized.

The conference is a forum for Vietnamese ministries, branches and localities to discuss how science, technology and innovation can really contribute to economic growth - society in Vietnam. This is an opportunity for policy makers, scientists, Vietnamese enterprises to exchange and strengthen links with the network of International Development and Innovation Alliance groups for the first time in Vietnam - including Member organizations from governments, international organizations, and world-leading funds for innovation.

Author: Translated by CoPhieuViet

Source: Vnexpress newspaper

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