Việt Nam masters 90 percent of ecosystem of cyber security products

The revenue from local cybersecurity products increased from 18 per cent in 2015 to 39 per cent in 2019 and 45 per cent in 2020. — Photo vnisa.org

Currently, the rate of domestic information security products has reached 91 per cent and will be 100 per cent by 2021.

The information was released at the International Conference and Exhibition on Việt Nam Information Security Day 2020 held in Hà Nội yesterday.

The rate increased by 1.7 times from the previous year and 18 times higher than that of 2015.

In addition, the revenue from local cybersecurity products increased from 18 per cent in 2015 to 39 per cent in 2019 and 45 per cent in 2020. The rate is expected to continue rising in the following years.

Speaking at the event, minister of Information and Communications Nguyễn Mạnh Hùng said the mission of the IT and network security sector is to protect the country’s prosperity in cyberspace. The responsibility is on the shoulders of cybersecurity enterprises. This is also the responsibility of the Việt Nam Information Security Association (VNISA).

“To complete the mission well, we have to master the information security product ecosystem. We must build a strong cybersecurity industry,” he said.

To ensure the safety of the country’s IT systems, products and services at the highest level, Việt Nam has to have competent experts in this field.

Statistics from VNISA showed that in addition to the growth in terms of types of products, the revenue from cyber security has also continuously increased in recent years from VNĐ400 billion in 2016 to VNĐ1.5 trillion in 2019. The revenue is expected to reach VNĐ1.9 trillion this year.

“Revenue from cybersecurity products rose in 2020. The result shows that Viet Nam’s cybersecurity ecosystem has seen strong development,” said a VNISA representative.

Nguyễn Thành Phúc, head of the ministry’s Authority of Information Security said cyber security with “Make in Vietnam” technologies is a key factor in national digital transformation.

The event, themed “Cybersecurity Ecosystem Make in Vietnam – Key Success Factor for National Digital Transformation,” aimed at connecting cyber security businesses, units using cyber security products and services, and policymaking agencies so as to better handle issues related to cyber security of all individuals, organisations and businesses using Vietnamese people’s solutions, he said.

He also emphasised the need for relevant agencies, organisations, enterprises and associations to work in training more experts on cyber security and safety.

Representatives from many businesses shared opinions on issues involved in digital platforms and solutions available in Việt Nam.

They said that Việt Nam is lacking senior experts on cyber security and safety.

David Soldani, a Huawei ICT Security Expert within the ASIA Pacific region said 5G is expected to provide reliable low-latency connectivity for remote and intelligent control of robotics platforms and critical infrastructure such as electricity, water, gas, ports and transportation. Therefore, any 5G system failure that could happen would cause serious harm.

5G technologies will be applied to different sectors including internet of things (IoT), self-driving cars and healthcare. Most of the threats and challenges facing 5G security are the same as those facing 4G security, he said.

He added that 5G security requires co-operation in standards, equipment and implementation. All parties in the industry chain are responsible for their own confidentiality. In order to minimise cybersecurity risks, providers must prioritise network security fully.

On the day, the organising board announced “Make in Vietnam” Cloud platforms.

Developing and mastering a cybersecurity product ecosystem serving e-government, smart city and the national important information system is a task assigned by the Government to the MIC.

VNS