Online seminar on “Digital economics: How technology influences markets”

Financial University under the Government of the Russian Federation organized a seminar focused on “Digital economics: How technology influences markets” on November 30, 2019.

The aim of the seminar is to define the risks and benefits that accompany the rapidly developing digital technologies and penetrate into almost all spheres of human life and society. The following risks were identified: dependence of economic agents on the Internet; replacement of human labor with machinery; backlog of education system from the needs of the digital economy; digital inequality; oligopoly in the information market; reduction of state control over the digital economy; companies gaining significant advantages due to the use of modern technology for Big data analysis; supranational nature of the digital economy and formation of network global market for goods and services; reduced scope of protectionist measures for national producers and import substitution; rise in cybercrime. The chances are: emerging new jobs affected by digitalization; development of security and risk management technologies; automation of industry and provision of services; development of 3D printing and other additive manufacturing technologies; development of end-to-end virtual environment technologies; nearly endless segmentation and restructuring of the digital economy due to permanent appearing and disappearing of its elements (niches); transaction cost reduction; improving the quality of state electronic services for both business and public.

The seminar was successfully held with over 20 participants, including faculty members and students from Hoa Binh University. This was an excellent opportunity for participants to enhance their knowledge of digital economics, state-of-the-art technology, improvement of analytical and critical thinking skills, and apply this knowledge to the Vietnamese economy and market.

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Contact:

📍Address: Institute of International Education, 8 Bui Xuan Phai, My Dinh II, Nam Tu Liem, Hanoi

📩 Email: viendtqt@daihochoabinh.edu.vn

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