Published:  05:00 AM, 03 August 2021

Accelerating digital economy key for inclusive integration in APAC

Accelerating digital economy key for inclusive integration in APAC

Participants at a recently held webinar called for leveraging digital opportunities to build an inclusive ecosystem and promoting regional integration which is particularly important while still combating Covid pandemic.  The webinar titled Accelerate Digital Economy for Inclusive Integration in Asia Pacific - Connecting Digital Industries in Pandemic was hosted by Huawei, said a release on Sunday.

Representatives and thought leaders from governmental, industrial and academic sectors across Asia Pacific joined the virtual conversation to explore the multiple facets of digital economy, from a market, technology, inclusiveness and sustainability perspective.Ambassador of Indonesia to China Djauhari Oratmangun pointed out in his keynote speech that a new digital economy is shaping the region.

'The digital transformation has been significantly accelerated during the pandemic, speeding up business changes. Indonesia endeavors to expand digital economy to achieve social recovery and digital transformation. I would love to witness how Huawei adds value in the face of fast-growing digitalization,' he said.

Based on digital knowledge and infrastructure, the digital economy has powered a growing proportion of regional GDP and boosted resilience amid the pandemic. ASEAN predicts the digital economy will contribute 1 trillion US dollars to regional GDP by year. 'The development of digital economy ecosystem is a process that involves active participation of multiple stakeholders including those from the private sectors.

We welcome the initiative of Huawei to organize this dialogue to practically advocate the process,' said Le Quang Lan, assistant director for ICT and Tourism Division, ASEAN Secretariat, when referring to enabling a digital economy ecosystem to accelerate social recovery and regional integration.Being part of the ecosystem, Huawei is committed to enabling ASEAN's Digital Masterplan 2025 in three key areas, namely ICT connectivity, talent empowerment and ecosystem incubation, according to Jay Chen, vice president at Huawei Asia Pacific.

Tan Khee Giap, Chairman of the Singapore National Committee for Pacific Economic Cooperation, stressed the importance of the social considerations of digitalising the economy during the panel discussion. Alvin P Ang from Ateneo de Manila University agreed with the openly accessible approach on upskilling public with digital knowledge. Over the years, Huawei has launched multiple programmes to train over 100,000 people with ICT empowerments in the region in cooperation with governments, universities, and NGOs.

Conveying the business perspective, professor Jose Decolongon, COO and managing director of Corporate Foresight, Embiggen Consulting Philippines said, 'Micro, small, medium enterprises need to have understanding on digitalization to perceive the opportunities when it comes to exploring the digital side of the business. Challenges are faced by these enterprises but also the large organizations. It's related to coverage and speed of digital infrastructure.

This is where telecom players such as Huawei and our local players can play an important role.' For a sustainable digital economic ecosystem, new technologies such as 5G, Internet of Things and Cloud provide great promise in terms of enhancing de-carbonization and the circular economy. In Asia Pacific, Huawei has increased investment in sustainable green solutions, leveraging clean power generation, electric transportation, and smart energy storage.

This sustainable trend is captured in Vietnam. 'Vietnam is at the turning point for catching up fourth industrial revolution and our economy is very open, relying more on innovation and sustainability. And the digital transformation in Vietnam has linked with inclusive integration in ASEAN and Asia Pacific, in which Huawei can play an important role,' said Vo Tri Thanh, director of the Institute for Brand Strategy and Competition.     

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