Want to be in the loop?
subscribe to
our notification
Business News
HCM CITY TARGETS COMPREHENSIVE DIGITISATION
HCM City plans to speed up digital transformation to achieve its goals of becoming a digital government and smart city this year.
City leaders have pointed out three major areas of focus: governing the city in the new situation (after the pandemic), building databases and linking all databases related to governance and reforming governance and finding new driving forces for future growth.
According to the Department of Information and Communications, the city will implement comprehensive technology solutions and exploit shared data for the prevention and control of COVID-19 and hastening economic recovery.
The databases contain information about the public, enterprises and land.
The department director, Lâm Đình Thắng, said the city would speed up digital transformation at governmental organisations and promote e-government to improve the efficiency and quality of public services.
At the same time the city is also deploying applications to enhance interaction between the governmental agencies and residents, help enterprises speed up digital transformation, build a digital economy and society, and quickly achieve digital transformation in priority areas such as healthcare and education.
Over 900 State agencies, corporations and non-business establishments are already using some features of an integrated data-sharing platform.
Transportation, health, education and training, environment, urban planning, and security agencies use a number of applications to better serve the public and businesses.
In addition, HCM City will establish at least two technology innovation centres from now through 2025 to help businesses achieve digital transformation, according to the city People’s Committee.
They will strengthen supply chains, transfer technologies and innovations, carry out research into digital products, increase awareness of digital transformation, promote an innovation eco-system for start-ups, and help businesses develop digital products.
They will also tie up with prominent global partners for digital transformation and seek funding, evaluate the effectiveness of digital products and support research and development of digital products and solutions.
Assessing the city's digitisation efforts, Trần Thị Lan Hương, senior public sector specialist at the World Bank in Việt Nam, said the city would need to carry out specific transformations to boost the value of its digital economy since it has great competitiveness and better resilience after the pandemic.
It ranks fifth out of 63 provinces and cities in the index for information technology application and development.
It contributes a third of the country's GDP, and so would need to be a pioneer in digital transformation, she added.
Source: VNS
Related News
BRITISH INVESTORS PROPOSE US$18-BLN DEEP-SEA PORT, INDUSTRIAL URBAN COMPLEX IN QUẢNG NINH
British investors have proposed an US$18-billion deep-sea port and eco-industrial urban complex in the northern province of Quảng Ninh as local authorities reaffirmed their commitment to facilitating strategic, high-value investment projects. Representatives of Thai An Holdings JSC and their British partners presented the proposal during a working session with Permanent Vice Chairman of the provincial People's Committee Vũ Văn Diện on August 7 to discuss potential investment opportunities.
ONE OF MANDOPOP’S MOST POWERFUL VOICES IS COMING TO THE GRAND HO TRAM
After winning One Million Star - one of Taiwan’s most prestigious singing competitions - Jess Lee rose to fame with her exceptional vocal range and beloved hits including Suffering and The Great Wall, captivating Mandopop fans across Asia. On 22 August 2026, don’t miss the chance to experience her live at The Grand Ho Tram. Elevate your concert experience with our exclusive Jess Lee Concert Package.
TÂY NINH ATTRACTS WAVE OF NEXT-GENERATION FDI
The fact that a growing number of multinational corporations are choosing Tây Ninh Province to expand their manufacturing operations underscores its rising appeal as a destination for high-quality foreign investment focused on innovation, advanced technology and long-term economic value. Among the latest investors is Suntory PepsiCo Vietnam Beverage, which this month opened in the province’s Hựu Thạnh Industrial Park a new plant that cost more than US$300 million.
HÀ NỘI SEEKS NEW GENERATION OF FDI TO POWER TECH, INNOVATION-LED GROWTH
After more than three decades as one of Việt Nam's leading destinations for foreign investment, Hà Nội is entering a new phase, shifting its focus from attracting capital in volume to drawing technology-intensive investment that can help transform the capital into a regional hub for research, innovation and high-tech industries.
GOV’T PROPOSES REDUCING INCOME TAX BY 30% FOR BUSINESS WITH REVENUE OF VND10 BLN
The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.
BANK COUPON RATE HITS RECORD HIGH OF 10% PER YEAR
Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.
























