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Open opportunities in foreign markets for Vietnamese digital technology businesses

Representatives of the Ministry of Information and Communications and other ministries, branches and organizations attending the second global digital cooperation conference all said that Vietnamese digital technology businesses have many favorable conditions and open opportunities for cooperation and investment. to foreign markets.

Affirming our commitment to accompany digital technology businesses

On March 26, in Hanoi, the Ministry of Information and Communications organized the second conference on global digital cooperation, with the theme "Opportunities of Vietnamese digital technology enterprises in foreign markets". This is a continuation event of the program to support digital technology businesses going abroad launched by the Ministry of Information and Communications from February 3.

At the first conference of the campaign, Minister of Information and Communications Nguyen Manh Hung pointed out: "Without going abroad, without competing, without conquering, without revenue from foreign markets, Vietnam cannot become a developed country with high income." The head of the Information and Communications industry also called on Vietnamese digital technology businesses to reach out and conquer the world in a Vietnamese way, taking the Vietnamese path.

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Deputy Minister Phan Tam said that Vietnamese digital technology enterprises are entering a new stage of development, bringing Make in-Viet Nam digital products and services to the world. Photo: T.Anh

As an affirmation of the commitment of the Ministry of Information and Communications and relevant state management agencies, this conference focuses on providing domestic digital technology businesses with general information on the situation and the market. world with analysis and assessment of the potential and opportunities of Vietnamese businesses.

Informing businesses and organizations attending the conference on March 26, Deputy Minister of Information and Communications Phan Tam said that this year the Ministry of Information and Communications will continue to focus on supporting Vietnamese digital technology businesses to expand their markets, exploit investment and business opportunities in countries around the world. The program includes conferences and forums at home and abroad, and organizing booths at the world's leading exhibitions on ICT and digital technology.

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Deputy Director of the Department of ICT Industry Nguyen Thanh Tuyen informed about international cooperation of Vietnamese digital technology enterprises. Photo: T.Anh

From the perspective of the unit assigned by the Ministry of Information and Communications to promote and support businesses to reach the global market, in addition to pointing out areas in which Vietnamese digital technology businesses have advantages and potential for development. In foreign markets, Deputy Director of the Department of ICT Industry Nguyen Thanh Tuyen also compiled 7 lessons learned from Vietnamese businesses that have succeeded in the Japanese market.

An important premise for businesses to confidently go to the world

Sharing at the conference, Deputy Minister Phan Tam said that, along with the development of the digital economy and digital society globally, Vietnamese digital technology businesses have many favorable conditions to develop the market. , expanding cooperation with partners in countries around the world.

Assessing that supporting digital technology businesses to reach the international market is the right policy, Mr. Dang Khanh Linh, Deputy Director of the Department of Economic Integration (Ministry of Foreign Affairs) said: "Piece of cake", opportunity There are still many in foreign markets. Some opportunities for Vietnamese technology businesses in the international market can be mentioned such as: All countries have policies for digital transformation and investment in technology, digital cooperation has been enhanced and upgraded in the field of digital transformation. relations with other countries and foreign affairs activities; Or specifically, India has a huge need for human resources...

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Vietnamese digital technology businesses are considered to have many opportunities and favorable conditions to reach foreign markets such as Japan, Korea, America, Australia... Illustration photo: N. Phuong

Representatives of specialized agencies of the four ministries: Information & Communications, Foreign Affairs, Planning & Investment, and Industry and Trade all agreed that, in order to develop the market and expand investment cooperation abroad, in addition to the advantages, businesses Businesses also face many challenges and risks. Therefore, understanding the market, your capabilities and strengths is an important premise for businesses to take firm, confident steps into the world.

Therefore, most of the time of this conference was spent with representatives of trade and investment agencies of Australia, India, the United States, Korea, Japan, the United Kingdom, and Europe sharing. , updating information for Vietnamese technology organizations and businesses about market needs, regulations, and especially incentive and preferential policies to attract investment.

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Ms. Eunjung Han, Vice Chairwoman of EuroCham's Digital Subcommittee, shared at the second global digital cooperation conference. Photo: T.Anh

According to Ms. Eunjung Han, Vice Chairwoman of EuroCham's Digital Subcommittee, the European Union will increase its support for digital transformation in the coming years, as shown by the recent proposal for the program “ Digital Europe” is expected to last until 2027.

As the first funding program dedicated solely to supporting digital transformation in Europe, “Digital Europe” provides strategic funding, supporting projects in five key areas and competencies including: Supercomputing, artificial intelligence, cyber security, advanced digital skills and ensuring widespread use of digital technologies in the social economy.

Ms. Eunjung Han also noted that when Vietnamese businesses seek to expand operations to Europe, it is essential to grasp the investment management legal framework and incentive programs designed to create favorable conditions. for foreign participation in the European Union economy.

Chief representative of the Japan External Trade Organization (JETRO), Mr. Takeo Nakajima, said that many Vietnamese technology enterprises have penetrated the Japanese market, of which the most successful is FPT. “To attract foreign businesses, the Japanese Government does not provide financial or tax support. However, we provide a lot of soft support, for example activities related to registration, business connections, consulting and support on business models, or supporting R&D activities and programs.”, Mr. Takeo Nakajima informed.

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Policies and incentives to attract foreign investment from major markets are a key content of the conference. Photo: T.Anh

“The content shared by domestic and foreign agencies and organizations at the conference will help Vietnamese digital technology businesses have more data and basis to consider, evaluate and make decisions. have more confidence to have new plans and goals on the path to conquering and developing the market, expanding cooperative relationships with partners globally", representative of the Ministry of Information and Communications commented.

Vietnamnet

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