Deputy Prime Minister Pham Binh Minh: Going slowly in the digital era will lose opportunities

Deputy Prime Minister Pham Binh Minh asked to remedy the consequences of Covid-19 by turning risks into threats; accelerate digital transformation to bring the country to a fast and sustainable development.

On the afternoon of October 30, Member of the Politburo, Deputy Prime Minister and Foreign Minister Pham Binh Minh attended and spoke at the conference “Overseas Vietnamese contribute their opinions on digital transformation and overcoming the impact of the Covid-19 epidemic to develop the economy of Vietnam”.

Turn challenges into opportunities

According to Deputy Prime Minister Pham Binh Minh, the Covid-19 epidemic broke out on a global scale, severely affecting all fields, leading to the most severe world economic recession since the crisis. 1929 – 1933.

Deputy Prime Minister Pham Binh Minh

Vietnam has implemented drastically, synchronously, promptly and effectively “dual goals”: Both drastically preventing epidemics and focusing on recovery and socio-economic development.

However, the Deputy Prime Minister said that the challenges ahead are not easy to overcome. Economic growth rate in 2020 did not reach the set plan; the number of decommissioned businesses increased. The resilience of the economy is not very solid; competitiveness and autonomy are still limited.

The level of initiative in our country’s participation in the Fourth Industrial Revolution remains low. Institutions and policies still have many limitations and shortcomings.

In that context, the Deputy Prime Minister asked to continue innovating development thinking, acting more drastically and effectively, overcoming difficulties, turning challenges into opportunities.

“It is necessary to make good use of the achievements of the Fourth Industrial Revolution, digital transformation, to make the country strong, narrow the development gap, and create a solid foundation for the realization of the goals. , strategic orientation for the country development in the next 5 years, 10 years and beyond ”, emphasized Deputy Prime Minister.

Enter the era of faster, more powerful numbers

Deputy Prime Minister said that the Industrial Revolution 4.0 is opening a completely new period of development for humanity – that is the digital era.

The World Economic Forum (WEF) predicts that by 2022, the digital economy will account for 60% of the world’s GDP.

Deputy Prime Minister Pham Binh Minh: Going slowly in the digital era will lose opportunities
Overseas people contribute their opinions at the conference

Vietnam has the opportunity to take advantage of the Fourth Industrial Revolution to break through, from a middle-income country to a high-income country, by transforming its growth model: from growth. based on aggregate factor productivity (TFP) to knowledge based growth.

Accordingly, Vietnam considers digital transformation an important solution for a faster and more sustainable development.

According to Mr. Pham Binh Minh, along with more than 100 million Vietnamese in the country and with the companionship of 5.3 million overseas Vietnamese, including 500,000 intellectuals and experts in many key fields as news learning, telecommunications, electronics, new materials, machine building, biology …, we can completely turn “danger” into “muscle” and realize development goals and aspirations of the people. clan.

Since then, the Deputy Prime Minister asked expatriate experts, intellectuals, businessmen together with representatives of ministries, branches, localities, enterprises … to join hands to realize the dual goal, while overcoming the impact of Covid-19 translation has just developed the country’s socio-economic development, with attention and focus on discussion on the following 4 issues:

Firstly, proposing solutions to promote the transformation of awareness, thinking of the whole society on the mission, necessity and urgency of digital transformation. If you go slowly, go later, when digital transformation becomes a popular trend, resources become scarce, opportunities will be less, development opportunities will be missed.

Second, institutions are the driving force behind digital transformation. Institutions need to be one step ahead when possible. Create institutions in the direction of encouraging, willing to accept solutions, services, digital business models, and promote new management methods for newly emerging relationships.

Third, preparing human resources to develop the digital economy and digital society.

According to forecasts, to serve the needs of digital transformation, Vietnam currently lacks at least 400,000 IT human resources, meanwhile, the domestic training programs have not yet met the demand.

“I propose that overseas intellectuals join hands to come up with solutions and directly train and form high-quality human resources to meet the requirements of actively participating in the Fourth Industrial Revolution, developing rapidly and sustainable country ”, Mr. Minh suggested.

Fourth, Ho Chi Minh City must be at the forefront in implementing a new growth model based on knowledge, taking advantage of opportunities of the Fourth Industrial Revolution, strongly developing the digital economy, the sharing economy, and the economy. cyclic.

This is one of the breakthrough development views and directions of Ho Chi Minh City that was approved at the last XI City Party Congress.

According to Mr. Minh, since 2018, the city has implemented the Project to build a highly interactive creative urban area in the East, aiming to become Thu Duc City, to form a new growth driving force center during the Revolution. industry for the fourth time.

“I believe that, with the contribution of overseas Vietnamese, Ho Chi Minh City and the whole country will overcome all difficulties and challenges, make good use of opportunities to grow strongly and prosper prosperously”, Deputy Prime Minister positive.

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