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The Vietnam News

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[Year 2001]

Hanoi to lead the way on e-commerce

HANOI - By the end of 2005 a majority of Vietnamese businesses and all government offices will be involved in e-commerce, according to a recent Trade Ministry seminar. Vietnamese enterprises have been urged to consider how to deploy the power of e-commerce in their own operations, as the Internet will be a crucial competitive advantage during Vietnam's economic integration process. The seminar, which drew participants from a range of ministries based in the northern region, evaluated the significance and outcomes of the national project on e-commerce technology.

According to Trade Ministry reports, the feasibility study has been completed and the project is being submitted to the government for approval. The project has been divided into 14 sub-projects and assigned to 24 state bodies for direct implementation, of which 20 are at the ministry level. The project's initial goal is to review e-commerce, identify the advantages it offers, build infrastructure and remove hindrances to its implementation. A five-year implementation plan will also be devised, and the research involved will help the government make decisions on the specific measures needed to apply e-commerce in Vietnam.

The government will begin by establishing a national e-commerce management agency to coordinate relevant ministries and other government bodies in carrying out the proposed master plan. For instance, the General Department of Post and Telecommunications (GDPT) will be responsible for infrastructure and the reduction of Internet fees, while the Ministry of Trade, Ministry of Justice and the State Bank of Vietnam will oversee the establishment of an electronic payments system to facilitate the development of the e-commerce industry.

Asia Times - November 13, 2001.