Malaysia announces strategy to advance digital economy

The Malaysia Digital Economy Corporation (MDEC) on July 19 announced its Digital Investments Future5 (DIF5) Strategy, a plan focusing on five key thrusts aimed at attracting investments and advancing Malaysia’s digital economy in line with the Malaysia Digital Economy Blueprint (MyDIGITAL).

Monday, July 19, 2021 18:21

Kuala Lumpur (VNA) - The Malaysia Digital EconomyCorporation (MDEC) on July 19 announced its Digital Investments Future5 (DIF5)Strategy, a plan focusing on five key thrusts aimed at attracting investmentsand advancing Malaysia’s digital economy in line with the Malaysia DigitalEconomy Blueprint (MyDIGITAL).

In a statement, it the DIF5 Strategy’s targets by 2025include 50 billion RM investments in the digital economy; attracting 50Fortune500 tech companies to land and expand in Malaysia; the establishment offive Unicorns; and the creation of 50,000 high-value jobs in MSC Malaysia.

It also targets to focus on five key industry sectors, fivefocused technologies, five emerging technologies and digital global businessservices. The five industry sectors that have been identified as key driversare Agtech, Healthtech, Islamic Digital Economy and Fintech, Cleantech andEdutech.

Attracting and driving investments in five focusedtechnologies are important to facilitate the growth of these sectors, namelycloud computing, data centrer, artificial intelligence, cybersecurity anddigital content tools.

The DIF5 Strategy will also be focusing on five key emergingtechnologies namely blockchain, dronetech, edge computing, extended reality andadvanced robotics to drive innovation and ensure Malaysia will be at theforefront of a rapid evolution of digital technologies and development of afuture-ready digital economy./.

VNA

#Malaysia Digital Economy Corporation #MDEC #Digital Investments Future5 Strategy #DIF5 #MyDIGITAL #malaysia #vietnam news agency #vietnamplus Malaysia

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