Businesses told to quickly embrace digital transformation

Digital transformation isnbsp;an imperative need for businesses to recover from the effects of the Covid-19 pandemic and improve their competitiveness, expertsnbsp;have said.

Business executives and experts discuss digital transformation by businesses at a seminar in HCM City on March 31. VNS Photo Thu Hằng

Digital transformation is an imperative need for businesses to recover from the effects of the Covid-19 pandemic and improve their competitiveness, experts have said.

The Ministry of Planning and Investment last year launched the Digital Transformation Programme for Businesses for 2021-25 to support enterprises, Nguyễn Thị Lệ Quyên of the ministry’s department of enterprise development said.

Speaking at a seminar in HCM City this week, she said it was aimed at improving their competitiveness and production capacity.

One of its goals was to increase their awareness and understanding of the importance of digital transformation to their sustainability, she said.

It would benefit at least 100,000 businesses by enabling them to assess their digital transformation readiness and providing training and consultancy, she said.

A network of experts including from 100 organisations to provide advice on and solutions for digital transformation would be established under the programme, she said.

The high rate of cash payments, high cost of digital transformation, underdeveloped information and communication technology infrastructure, and lack of human resources were major hurdles to digital transformation, she added.

Vũ Tuấn Anh, deputy director of DR. SME Restructuring – Digital Transformation Co. Ltd., said managements’ awareness and determination played a decisive role in digital transformation.

Businesses should set up a committee just to advise and provide solutions for digital transformation, he added.

Nguyễn Tuấn, deputy director of the HCM City Investment and Trade Promotion Centre, said last year the National Digital Transformation Programme for 2021-25 was rolled out with a focus on developing e-governance, a digital economy and digital society.

It is an excellent time for businesses and others to take advantage of this initiative to embrace digital transformation, according to Tuấn.

Digital transformation is an inevitable global trend that businesses need to embrace quickly to catch up with the rapid changes in technology and develop sustainably. —VNS

Source: VNA
vietnamnews.vn

Related News

Policy adaptation and acceleration of digital transformation in tax and customs management

Policy adaptation and acceleration of digital transformation in tax and customs management

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.
What do businesses need for digital transformation?

What do businesses need for digital transformation?

VCN - According to experts, to support businesses in successful digital transformation, the state needs to complete the policy framework and testing mechanism (sandbox) for the development of digital economy, green economy, circular economy and new business models. At the same time, reform institutions to attract investment in digital technology in the direction of maximizing convenience for capital contribution, share purchase, merger and acquisition of digital technology enterprises. Create a favorable environment to promote digital transformation and support business development.
Reducing logistics costs: A solution for competitiveness and attracting import-export goods

Reducing logistics costs: A solution for competitiveness and attracting import-export goods

VCN - With high costs, a lack of large-scale logistics centers, and fragmented infrastructure, the logistics industry still faces many challenges on its path to becoming a backbone of the economy.
The realities of cutting down on business licenses

The realities of cutting down on business licenses

VCN - According to the assessment of the National Assembly's Economic Committee, some regulations and administrative procedures at some agencies, units and localities are cumbersome and have not been thoroughly cut down, causing difficulties for businesses.

Latest News

Vietnam’s industrial real estate attracts foreign investment

Vietnam’s industrial real estate attracts foreign investment

Vietnam's industrial sector is experiencing significant transformation, supported by strong foreign direct investment (FDI) flows, large-scale infrastructure projects, and a favourable regulatory environment, thus attracting a new wave of investment from foreign investors, experts have said.
Tra fish export could hit 2 billion USD in 2024: Workshop

Tra fish export could hit 2 billion USD in 2024: Workshop

Vietnam’s tra fish export could reach the set target of 2 billion USD this year driven by industry improvements, heard a workshop held in Cao Lanh city, the Mekong Delta province of Dong Thap, on November 17.
Opportunity to accelerate agricultural export to China

Opportunity to accelerate agricultural export to China

VCN - For many years, China has been Vietnam's largest trading partner. Trade between Vietnam and China has maintained a stable and sustainable growth momentum.
Bac Ninh, East Kazakhstan boost cooperation

Bac Ninh, East Kazakhstan boost cooperation

A delegation from the northern province of Bac Ninh led by member of the Party Central Committee and Secretary of the provincial Party Committee Nguyen Anh Tuan met with leaders of East Kazakhstan region, Kazakhstan, on November 15 to promote cooperation between the two localities.

More News

Vietnam sees opportunities to attract investments in electronics support industries

Vietnam sees opportunities to attract investments in electronics support industries

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.
Businesses welcome the "golden" tuna export opportunity to the UAE

Businesses welcome the "golden" tuna export opportunity to the UAE

VCN- Tuna products imported into the United Arab Emirates (UAE) are currently subject to a 5% tax rate. Therefore, businesses expect this market to expand further when the FTA between Vietnam and the UAE takes effect and reduces the import tax on seafood to 0%.
Electronics industry overcomes challenges to penetrate deep into global supply chain

Electronics industry overcomes challenges to penetrate deep into global supply chain

VCN - In addition to the opportunities from the investment shift in the electronics industry, Vietnamese enterprises also face many challenges in terms of capital, technology and human resources. Ms. Do Thi Thuy Huong, Executive Committee Member of the Vietnam Electronics Industry Association (VEIA), shared about the future directions for this potential industry.
Vietnam-China trade expected to hit record of US$ 200 billion in 2024

Vietnam-China trade expected to hit record of US$ 200 billion in 2024

VCN- The import-export turnover between Vietnam and China is predicted to hit a new record of US$ 200 billion.
Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.
Advantages of Vietnam’s exports to Indonesia

Advantages of Vietnam’s exports to Indonesia

VCN – By taking advantage of the potential and opportunities from the RCEP and ATIGA agreements, there are numerous opportunities for Vietnamese goods to be exported to the Indonesia market, especially agricultural and aquatic products.
Vietnamese passion fruit gets “great opportunities” to Australia

Vietnamese passion fruit gets “great opportunities” to Australia

VCN - Vietnamese passion fruit having been exported to twenty countries, in many forms such as fresh fruit, frozen fruit, juice, recently Vietnamese passion fruit continues to be licensed to export to the Australian market. Thus, after mango, longan, lychee, dragon fruit, passion fruit is the 5th product of Vietnam licensed to export to the Australian market.
Exports of bamboo, rattan, sedge, carpet products reach 594.8 million USD

Exports of bamboo, rattan, sedge, carpet products reach 594.8 million USD

Vietnam's exports of rattan, bamboo, sedge and carpet products totalled 50.43 million USD in September, a 4.5% decrease compared to last year, according to the General Department of Customs.
Vietnam to set new record in rice exports in 2024

Vietnam to set new record in rice exports in 2024

Despite challenges in the global rice market, Vietnam's is still on a right track to a new export volume record of over 8 million tonnes in 2024, surpassing last year’s result, according to insiders.
Read More

Your care

Latest Most read
Vietnam’s industrial real estate attracts foreign investment

Vietnam’s industrial real estate attracts foreign investment

Vietnam's industrial sector is experiencing significant transformation, supported by strong foreign direct investment (FDI) flows, large-scale infrastructure projects, and a favourable regulatory environment, thus attracting a new wave of investment from foreign investors, experts have said.
Tra fish export could hit 2 billion USD in 2024: Workshop

Tra fish export could hit 2 billion USD in 2024: Workshop

Vietnam’s tra fish export could reach the set target of 2 billion USD this year driven by industry improvements, heard a workshop held in Cao Lanh city, the Mekong Delta province of Dong Thap, on November 17.
Opportunity to accelerate agricultural export to China

Opportunity to accelerate agricultural export to China

VCN - For many years, China has been Vietnam's largest trading partner. Trade between Vietnam and China has maintained a stable and sustainable growth momentum.
Bac Ninh, East Kazakhstan boost cooperation

Bac Ninh, East Kazakhstan boost cooperation

A delegation from the northern province of Bac Ninh led by member of the Party Central Committee and Secretary of the provincial Party Committee Nguyen Anh Tuan met with leaders of East Kazakhstan region, Kazakhstan, on November 15 to promote cooperation between the two localities.
Vietnam sees opportunities to attract investments in electronics support industries

Vietnam sees opportunities to attract investments in electronics support industries

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.
Mobile Version