Firms urged to promote digital transformation to expand exports
| |
In the context of rising cross-border e-commerce, firms should speed up the digital transformation process as an effective solution to expand exports. (Source: congthuong.vn) |
Digital transformation is considered an effective solution for firms to penetrate and expand their export markets, Hai said, adding that it would help firms set up a more flexible and more efficient export model.
It was forecast that global online exports could touch US$1 trillion this year, especially amid the COVID-19 pandemic.
Hai said firms should pay attention to three factors, namely developing digital platforms, digital databases and mobile websites in the digital transformation process to boost exports.
Hai said that the ministry is implementing a number of measures to support import and export activities, especially through e-commerce.
Under the national e-commerce development master plan in 2021-25 and the national digital transformation programme to 2025, Vietnam identified digital transformation as a vital process to speed up the modernisation of the distribution system, increase enterprises’ competitiveness, develop the domestic market and increase exports.
Hai said the ministry was increasing the application of information technology in conducting administrative procedures to facilitate exports, such as the eCoSys system which allows online submission of certificates of origin.
According to the Multilateral Trade Policy Department, trade promotion activities were now moving online, especially amid the COVID-19 pandemic, which also helped save significant sums for businesses compared to traditional trade promotion.
Hai, however, noted that the digital transformation of Vietnamese firms was taking place too slowly.
Vietnam targeted to develop about 50,000 technology companies nationwide to accelerate digital transformation.
Related News
Opportunity for a high open economy like Vietnam
15:56 | 19/04/2024 Headlines
IASB recommends Vietnam prepare infrastructure to apply IFRS
09:57 | 16/04/2024 Finance
Considering request to anti-dumping investigation on imported hot-rolled HRC steel
10:03 | 08/04/2024 Import-Export
Latest News
Vietnam earns 1.43 billion USD from rice exports in Q1
15:50 | 19/04/2024 Import-Export
Localities get ready for fourth FDI boom
15:35 | 19/04/2024 Import-Export
Opportunities to develop a smart and sustainable packaging industry
14:14 | 19/04/2024 Import-Export
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
More News
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export
Be proactive and flexible with production materials
09:02 | 17/04/2024 Import-Export
Cooperate to build leading and "rich in vitality" state-owned enterprises
08:59 | 17/04/2024 Import-Export
Garment & textile sector tries to keep growth momentum
14:16 | 16/04/2024 Import-Export
Businesses capitalize on recovery momentum to explore market expansion
10:01 | 16/04/2024 Import-Export
Access to the Chinese market is increasingly convenient
15:12 | 15/04/2024 Import-Export
Your care
Vietnam earns 1.43 billion USD from rice exports in Q1
15:50 | 19/04/2024 Import-Export
Localities get ready for fourth FDI boom
15:35 | 19/04/2024 Import-Export
Opportunities to develop a smart and sustainable packaging industry
14:14 | 19/04/2024 Import-Export
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export