Christ University students explore how to develop the economy in the virtual space

As part of the international student exchange program “Student exchange - Expand Your Horizons - Experience a New Culture” , on January 22nd, the Faculty of Economics continued to organize a series of in-depth academic activities for the student delegation from Christ University (India).

With two sessions, morning and afternoon, focusing on the Metaverse business model and comprehensive digital economy projects, the class became a space for discussing modern technology, helping students from both countries access practical management and finance in the era of global digitalization.

The classroom became a space for students to exchange ideas about the digital economy, with two sessions in the morning and afternoon.

Decoding business models in the Metaverse

The morning began with Academic Session 4 on the topic "Business in the Metaverse," led by George Nguyen, Co-founder of JDI One and Founder of Google Developer Group HCM. 

Representatives of the organizing committee presented letters of thanks to the speakers. 

The speaker began with a thought-provoking question about whether the Metaverse is the future of humanity or merely a large-scale experimental project. Students were guided to explore the classification system of virtual environments, types of digital spaces, and the practical applications of this technology in daily life, rather than just existing in video games.

Mr. George Nguyen shares his knowledge of economic development in the virtual space. 

The discussion focused on the evolution of digital finance through concepts such as virtual real estate and the value of NFTs extending beyond purely artistic applications. Through case studies like Decentraland and Roblox, the speaker provided a detailed analysis of governance and the economy within the virtual space. This served as a foundation for students to understand how a new business model operates, where digital asset transactions take place based on blockchain technology and smart contracts.

The group of students engaged in a discussion with the speaker. 

Beyond the potential for growth, the participants also discussed ethical issues and privacy. Data security, access policies, and information privacy in digital finance were highlighted as key challenges that businesses need to address. Mr. George Nguyen emphasized that the Metaverse will not immediately emerge as an all-encompassing space, but will subtly integrate into daily life, becoming an indispensable part of future economic and social activities.

Presenting digital economy projects and sustainable development strategies.

The afternoon session focused on presentations of practical projects under the theme "Project Showcase: Adaptive Leadership for Building Inclusive Digital Economies in Emerging Markets". The projects revolved around analyzing the adaptability of artificial intelligence (AI) in emerging markets like Vietnam, and proposing a roadmap for technological cooperation between the two countries. Participants presented analyses of the challenges and solutions in AI deployment, emphasizing the role of training high-quality digital human resources.

Representatives of the Organizing Committee presented a letter to the speaker - Mr. Tran Anh Thi - Senior Advisor, Husa Tech JSC

Another important topic is sustainability in production through navigating ESG (Environmental, Social, and Governance) challenges. Proposals focused on the textile industry, net-zero emission reduction solutions such as energy-efficient cooling systems, and concepts of "green AI" and "green finance" to minimize environmental impact. Students also discussed the role of financial technology (Fintech) in maintaining a green economy and proposed collaboration ideas for Vietnam with sustainable development models from India.

All the teams impressed with their unique and practical presentations. 

Following the group presentations, Mr. Tran Anh Thi - Senior Advisor, Husa Tech JSC, acting as a guest judge along with faculty members from the Faculty of Economics, proceeded to score and provide insightful professional feedback on the presentations. These assessments helped students refine their adaptive leadership thinking and better understand the practical demands of the market in the context of a constantly changing digital economy.

The teachers provided feedback and suggested ways to further develop the topic.

The series of academic exchange activities concluded with positive results in terms of knowledge and strategic thinking for the Indian student delegation. Access to the latest technological trends such as the Metaverse and AI, combined with challenges related to green economics and sustainable development, helped them strengthen their professional skills in a global environment.