JavaScript is off. Please enable to view full site.

Vietnam launches elite competition to find top digital transformation solutions

Vietnam launches elite competition to find top digital transformation solutions

Friday, July 10, 2020, 18:25 GMT+7
Vietnam launches elite competition to find top digital transformation solutions
Officials attend the launch ceremony of the Viet Solutions 2020 innovation competition in Hanoi, Vietnam, July 8, 2020. Photo: Thanh Ha / Tuoi Tre

The Viet Solutions 2020 competition, a hunt for Vietnam’s top technological solutions hosted by the Vietnam Ministry of Information and Communications, kicked off on Wednesday in Hanoi.

The event, organized in partnership with military-run telecoms group Viettel, aims to find top-tier digital solutions for individuals, enterprises, and businesses all over the world.

The competition is open to any and all entrants, regardless of nationality, capable of innovative products or applications that can be applied to an array of sectors, such as game content, music, video, news, multimedia, and utilities.

Contestants are also able to submit solutions to existing problems in ealthcare, education, finance and banking, agriculture, transportation and logistics, energy, environmental resources, and industrial manufacturing.

Organizers said the competition is intended to facilitate connections between national regulators, large-scale enterprises, and creators with ideas to solve complex social problems.

Viet Solutions 2020 is currently the largest innovation competition in Vietnam, awarding cash prizes as well as non-cash prizes in the form of opportunities for cooperation following the contest.

"Vietnam has a considerable advantage in digital transformation thanks to a large number of telecom companies and a powerful information technology sector," said Minister of Information and Communications Nguyen Manh Hung at the launch event.

"It's time for us to take the chance to make our nation take off and to elevate the nation's rank in the field.

"The solutions facilitating digital transformation will focus on developing platforms, especially Vietnamese platforms.

"One digital transition platform would address a common problem for millions of people and thousands of companies."

The minister also stressed that data is now considered valuable material, so "it must be stored in Vietnam and by Vietnamese platforms."

Accordingly, Hung's expectation is that Viet Solutions 2020 will not only help to find innovative solutions to Vietnamese problems but serve as an answer to similar global questions.

Cash prizes of VND200 million (US$8,670), VND100 million ($4,330), and VND50 million ($2,170) will be awarded respectively to the first-place, second-place, and third-place finishers.

Apart from the cash prizes, the winning teams would have opportunities to sign contracts with Viettel to commercialize their products and get up to 75 percent of the generated revenue.

Viettel said it is committed to fully sponsoring the three winning teams to take part in C1 Start-up Cup competition in the U.S. – a contest with awards worth a total of $50,000, or to partake in the Mobile World Congress (MWC) 2020 in Barcelona, Spain.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Kim Thoa - T. Ha / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news