Seminar "Current platform economic situation in Vietnam: Situation and discussion"

On November 19th 2019, at Movenpick Hotel Hanoi, the Vietnam Institute for Economic and Policy Research (VEPR) of VNU University of Economics and Business held the seminar "Current economic situation in Vietnam: Situation and discussion".

 The ecosystem of platforms and associating applications has been growing very strongly in Vietnam and its influence has been recognized by the government and authorities.

The seminar on "Current platform economic situation in Vietnam: Situation and Discussion" was held to discuss and give a current perspective on digital economy in Vietnam. On that basis, the following seminars will be held to go further on this topic.

Opening the seminar, Assoc.Prof.Dr. Nguyen Duc Thanh made a welcome speech to the guests attending the seminar. He said that the basic economy was a global trend and was "deeply absorbed" into Vietnam in many industries and fields. This was a great opportunity, but along with it were challenges and risks. However, Vietnam can take advantage of its internal potential to create an "economic leap".

 

Assoc.Prof.Dr. Nguyen Duc Thanh, Director of VEPR gave the opening speech

Next, MA. Bui Ha Linh - Researcher in Macroeconomics, Vietnam Institute for Economic and Policy Research conducted the discussion. According to her, at present, in the world, the basic economic model is "deeply ingrained" and has a strong impact on many fields from banking and finance, retail, transportation and tourism or labor supply, etc. of many countries’ economies.

 

MA. Bui Ha Linh in the discussion session

Assoc.Prof.Dr. Nguyen Duc Thanh said that when science and technology develop, businesses will benefit from linking economy and people. However, experts also pointed out that: in order to maximize internal conditions as well as the advantages of platform economy for sustainable economic development, the first thing to do is to change policy.

 Assoc.Prof.Dr. Nguyen Duc Thanh in the discussion session

In addition, Dr. Nguyen Tri Hieu directly pointed out the limitations, shortcomings, and risks of platform economic model.

 
Dr. Nguyen Tri Hieu in the discussion session

Chairman of the Board of Directors cum General Director of TDT Group, Nguyen The Trung, further analyzed: Based on the purpose of use, economy can be divided into two types: Transaction platform is used to optimize transactions between consumers and sellers (Amazon, Ebay, Lazada ...); Innovative platform acts as a foundation to develop business platforms and form an ecosystem among next generation platforms (Apple App Store, Google Play ...). Digital economy and platform economy are emerging quickly and have profound impact on all aspects of the socio-economic life.

 

Mr. Nguyen The Trung in the discussion session

Moreover, there were opinions exchanged in the discussion that in fact, the rapid development of the base economy with the introduction of new methods in production and business is creating difficulties in policy making.

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Huong Ly - Thanh Tu

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