Ho Chi Minh City, June 27, 2018 – U.S.-ASEAN Connect, the U.S. Consulate in Ho Chi Minh City, the U.S.-ASEAN Business Council, and USAID’s ASEAN Connectivity through Trade and Investment Project (US-ACTI) jointly organized a Connect Digital Economy Series Event on “Understanding Cross-Border Data Flows: E-Commerce and Beyond” at the Sofitel Saigon Plaza in Ho Chi Minh City, Vietnam. The event featured discussion of Vietnam’s private-sector plans to grow the digital economy and considered innovative ways to address the opportunities and challenges that the digital economy presents. A main focus of the workshop was on the important role of cross border data flows in promoting the digital economy of Vietnam and the ASEAN region as a whole.
“Vietnam’s eagerness to join the global supply chain of the digital economy and Ho Chi Minh City’s strong private sector presence made it an ideal location for the event,” commented Peter Thorin, Director of US-ASEAN Connect at the U.S. Mission to ASEAN. In his presentation, Dr. Peter Lovelock, a digital economy expert from Singapore, addressed regional trends in the digital economy and their implications for Vietnam. A panel of speakers from the local private sector, academic institutions, and other organizations discussed the issues raised during the event and responded to questions from the attendees. Other speakers included representatives of local and multinational firms who rely on the digital economy for growth and economic opportunities.
The ASEAN Economic Community Blueprint 2025, adopted by the ASEAN Leaders at the 27th ASEAN Summit in 2015, recognizes e-commerce as a vital element in the regional and global economy. “In today’s interconnected world, e-commerce plays a role not only in domestic and cross-border trade, but also in facilitating foreign investment and vibrant services available to consumers,” commented Jane Bocklage, Deputy Representative at the U.S. Mission to ASEAN.
The forum was part of the Digital Economy Series organized around the ASEAN region by U.S.-ASEAN Connect. With support from USAID’s ASEAN Connectivity through Trade and Investment Project (US-ACTI), U.S.-ASEAN Connect has sponsored regional events to promote best practices on policy and regulatory ecosystems to foster a thriving digital economy. Previous events were held in Singapore, Indonesia and Thailand.
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