Youth factor being the reason Asean’s successful digital future

Youth factor being the reason Asean’s successful digital future

Malaysia has had its 62nd independence anniversary. Mahathir Mohamad, the Prime Minister of Malaysia is a man who knows the importance of the digital world although he is 94 years old. Also, on its 54th National Day, Singapore’s Prime Minister talked about preparing the city for a drastic climate change. Lee Hsien Loong, the PM, discussed the methods to do so. Joko Widodo, Indonesia’s President, also debated on the topic of designing an aspired and determined plan to make Borneo the capital instead of Jakarta, on its 74th anniversary of independence.

Thinking and making plans for the betterment of the future is an intelligent choice made by the Asean. On the contrary, the rest of the world is concerned with the matters of the present, Southeast Asia is thinking of the future.

Asean (Association of Southeast Asian Nations) have always preferred their economic growth over the problems of politics. They remain neutral politically although are being pressured by the Great powers to choose which side they support but have not given up yet. The reason for the success and progress made by Asean is the fact that the Asean economies are one of the most rapidly growing and youngest regions. They have an approximate people of 600 million with a a GDP of US$2.5 trillion.

In a meeting held for the initiation of the Young Scholars in Hanoi, it was known that Vietnam had already thought of planning a digital economy in the coming years of 2030 and 2045. According to a DBS study, Vietnam could beat the economy of Singapore by 2029.

Vietnam could be a buyer of digital products or a seller of those. These are what the future holds for the progress of the digital futures for Vietnam. For the large population of youth, the provision of jobs to them and to maintain its growth, Vietnam could sell or buy digital products.