Internet contributes 0.9 percent to total Vietnam ’s GDP and 1.6 percent to the country’s total 14.4 percent GDP growth.
This is part of a report by McKinsey & Company, which was releasedin a conference themed, “The effects of the internet on economicdevelopment in Vietnam ” held on Apr. 25 in Hanoi .
The report, called “Online and upcoming: The internet’s impacts onrising countries”, is based on a survey conducted among 30 countries.
According to the report, the Internet also helps smalland medium enterprises increase business effectiveness by 19 percent.
Speaking at the conference, Deputy Minister ofInformation and Communication, Le Nam Thang, said the internet hasdeveloped strongly in Vietnam , with more than 30 million internetusers out of the nation’s total population of 87 million.
He said the robust growth of the telecommunication and informationtechnology sectors in recent years will potentially create breakthroughsfor the Vietnamese economy, helping Vietnam integrate more deeplywith the world.
The Vietnamese Government considersthe internet as an important national infrastructure, assisting othersectors, he said.
However, Shaowei Ying, ViceDirector of McKinsey & Company’s Singapore office said electroniccommerce in Vietnam has not been adequately invested and exploited.Vietnamese enterprises have not yet made full use of the internet tomaximise their effectiveness and reach more customers.
Participants at the conference suggested that in future the governmentshould promote investment in internet infrastructure and expandcoverage to rural areas.
They also recommended thatVietnam strengthen its manufacture and exports of informationtechnology products in order to attract more foreign investment.-VNA
This is part of a report by McKinsey & Company, which was releasedin a conference themed, “The effects of the internet on economicdevelopment in Vietnam ” held on Apr. 25 in Hanoi .
The report, called “Online and upcoming: The internet’s impacts onrising countries”, is based on a survey conducted among 30 countries.
According to the report, the Internet also helps smalland medium enterprises increase business effectiveness by 19 percent.
Speaking at the conference, Deputy Minister ofInformation and Communication, Le Nam Thang, said the internet hasdeveloped strongly in Vietnam , with more than 30 million internetusers out of the nation’s total population of 87 million.
He said the robust growth of the telecommunication and informationtechnology sectors in recent years will potentially create breakthroughsfor the Vietnamese economy, helping Vietnam integrate more deeplywith the world.
The Vietnamese Government considersthe internet as an important national infrastructure, assisting othersectors, he said.
However, Shaowei Ying, ViceDirector of McKinsey & Company’s Singapore office said electroniccommerce in Vietnam has not been adequately invested and exploited.Vietnamese enterprises have not yet made full use of the internet tomaximise their effectiveness and reach more customers.
Participants at the conference suggested that in future the governmentshould promote investment in internet infrastructure and expandcoverage to rural areas.
They also recommended thatVietnam strengthen its manufacture and exports of informationtechnology products in order to attract more foreign investment.-VNA
