Digitization digitalization digital transformation

VCCI Vice Chairman Hoang Quang Phong speaks at the workshop. (Photo: VNA) Hanoi (VNA) – Digital transformation is significant to Vietnamese small-and medium-sized enterprises ( SMEs ), especially amid the COVID-19 pandemic, heard a workshop on September 9. Jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), Hewlett Packard Enterprise (HPE) Vietnam, and Elite Technology JSC, the online event brought together 300 enterprises nationwide. It aims to help domestic SMEs draw up digital transformation frameworks, seek suitable solutions and optimise cutting-edge technologies to successfully embark on digital transformation . The workshop is also expected to raise their competitiveness to join global value chains, adapt to the new situation and develop sustainably. VCCI Vice Chairman Hoang Quang Phong pointed out barriers to local SMEs in digital transformation regarding digital skills and capacity, IT infrastructure, and digital mindset. He suggested …

[Read more...] about COVID-19 forces SMEs to embark on digital transformation

In an August 2021 report, the WB said the rate of people using mobile phones is high and on the increase. More and more Vietnamese people are also connected to the internet. The presence of some of the world's leading information technology corporations in Vietnam such as Samsung, Apple and Intel also provides a significant opportunity for Vietnamese workers to improve their digital skills and participate in Vietnam’s expanding digital economy. However, the WB report noted that Vietnam's workforce lacks necessary skills to fully master the digital economy with only 40 percent of enterprises reporting that they have sufficient information and communication technology skills to maintain and fully exploit digital technology systems. The report’s authors therefore urged policymakers to encourage businesses and workers to acquire the right skills to take advantage of the digitalization transformation, nurture innovative capacity among firms through competition and financial …

[Read more...] about Covid-19 speeds up digital transformation, highlights policy needs

At Garment 10 Company, productivity increased exponentially after new technologies and digitalization of the production line were applied. The time to make a product at Garment 10 fell from 1,980 seconds to 690 seconds. Each worker now controls two machines at the same time and labor productivity has increased by 52%, the defect rate fell to 8%, and workers’ income rose by 10%. Digital transformation has solved the biggest challenge of Vietnam's textile and garment industry, increased production costs, as the advantage of cheap labor no longer exists compared to other countries in the region. Many orders tend to move to neighboring countries such as Laos, Cambodia, and Bangladesh because wages are lower. On the other hand, when participating in the global supply chain, the challenge that cannot be ignored is the trend of Fast Fashion, when products are produced in a very short period, not by season but by week. Therefore, there is always a need for fast production progress and …

[Read more...] about Digital transformation to increase productivity: the only way to not lag behind

The forum would create opportunities to approach modern technology models, digital experiences and to discuss how Vietnamese agricultural products can be exported more effectively. The Vietnam Agricultural Digital Transformation International Forum 2021 will open on September 16, with a view to discussing key issues and strategies about Vietnam’s agriculture in the regional and world context. The forum, themed "Keeping up with market trends, promoting the role to support the economy in the context of the pandemic and post-Covid-19 pandemic", will be jointly held by the Ministry of Foreign Affairs (MoFA), the Vietnam Digital Agriculture Association (VIDA), and the VnExpress e-newspaper. It will feature public-private policy dialogue activities between the Government and related parties to create opportunities to approach modern technology models, digital experiences, and discussion on how Vietnamese agricultural products can be exported more effectively. T …

[Read more...] about Vietnam set to launch international forum on agricultural digital transformation

Digital transformation has been applied for data-driven logistics and supply chains, digital device management, quality control, and intelligent processes. Vietnamese enterprises need to build digital human resources, improve innovation capacity and competitiveness in the market in order to meet requirements about digital transformation, local experts said. SMEs lack of digital skills to meet the requirements of digital transformation. Photo: CMC More than 300 delegates discussed and gave recommendations for digital conversion in small and medium enterprises (SMEs) at the online seminar themed “Digital Transformation - from policy to a practical solution for small and medium enterprises” organized by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with Hewlett Packard Enterprise (HPE) Vietnam and its partners on September 9. Speaking at the event, Hoang Quang Phong, Vice President of VCCI emphasized most Vietnamese SMEs have faced many …

[Read more...] about Vietnamese SMEs need to improve innovation capacity for digital transformation

Thanh Ha lychees are sold at Thanh Binh Jeune supermarket in Paris, France (Photo: VNA) Hanoi (VNA) – The Vietnam Agricultural Digital Transformation International Forum 2021 will take place on September 16, providing a platform for discussions on pressing issues and strategies of Vietnam’s agriculture within the region and the world at large, heard a virtual press conference on September 10. It will be co-held by the Ministry of Foreign Affairs, the Vietnam Digital Agriculture Association (VIDA), and online newspaper VnExpress under the theme “Keeping up with market trends, ensuring the pivotal role of the economy during and after thd COVID-19 pandemic,” expecting to attract more than 1,000 delegates. The forum will also facilitate policy dialogue between the government and the private sector and other stakeholders. The AgriTech Expo 2021 will also be held via livestreaming and video teleconference within its framework. The plenary session will include a …

[Read more...] about Agricultural digital transformation int’l forum to take place next week

A booth at AgriTech Expo 2021, a virtual exhibition under the Viet Nam agricultural digital transformation 2021 forum. — Photo courtesy of the forum organisation board A virtual forum "Viet Nam agricultural digital transformation 2021" will be held on September 16 by the Ministry of Foreign Affairs (MoFA) in cooperation with the Viet Nam Digital Agriculture Association (VIDA) and VnExpress online newspaper. At the online press conference held on Friday to announce this forum, Tran Thanh Huan, director of MoFA's Department of Foreign Affairs, said the forum with virtual reality technology is expected to attract about 1,000 participants for two sessions. They include the opening session with the title "Keeping up with market trends and promoting the supportive role for the economy in the context of the COVID-19 pandemic and post-pandemic" and a symposium on "Shaping Viet Nam's digital agriculture until 2035". The delegates come from ministries, sectors, enterprises, large …

[Read more...] about Int’l forum on Viet Nam’s agricultural digital transformation to be held this month

The projects selected for funding are not only practical regarding the application of advanced technologies in areas of critical need in Vietnam, but they are also very meaningful in today’s context. The Australian government has partnered with the Ministry of Science and Technology of Vietnam to announced a grant of nearly AUD1.4 million (around US$1 million) for four high-tech application projects in the field of digital transformation. The four initiatives have been funded within the framework of the Innovation Partnership Grants under the Australian Department of Foreign Affairs and Trade’s Aus4Innovation Program. The four projects, selected from nearly 70 applicants who responded to the call for proposals from Aus4Innovation Partnership Grants Round 3, “Enhancing Digital Transformation”, will be implemented through well-established partnerships between leading universities in both Australia and Vietnam, together with industry partners and local government agencies. …

[Read more...] about Australia funds US$1 million for Vietnam’s digital transformation projects

A customer makes a transaction at Vietcombank headquarters in Ha Noi. — VNA/VNS Photo Tran Viet The banking system and credit institutions are the lifeblood of the nation's economy, with digital information in banking and finance set to become one of the key factors in the digital economy, according to experts. The issue was discussed in an online forum “Digital Finance 2021” held by the Vietnam Financial Times last week. Addressing the online forum, Nguyen Viet Hung, deputy head of the Financial Informatics and Statistics Department, told participants that the digital economy, digital government and digital society were three key pillars that supported the national digital transformation programme. "Digital government helps the government operate more efficiently, effectively and transparently. The digital economy promotes innovation, creates new values, new growth engines and helps increase labour productivity. Digital society helps people have equal opportunities to …

[Read more...] about Banks on road for digital transformation

Shifting to teach online this semester because of Covid-19 is an opportunity for tertiary education to adapt to digital transformation. Le Anh Vinh, Head of the Vietnam Institute of Educational Sciences Le Anh Vinh, Head of the Vietnam Institute of Educational Sciences, said the education sector's actions in the last two years, under the pressure of the pandemic, has far exceeded what it had done in the preceding 10 years. Going digital has ensured the continuance of teaching and learning activities. But what should be done to maintain the driving force when the pandemic ends? Vinh cited three things to be done. First, teaching and learning. Vietnam needs to have good infrastructure and technology to support students and teachers, allowing them to interact and study in a digital environment. This is what many universities have been doing, but the deployment remains scattered, while not all schools have systems good enough to satisfy the requirements of users and to …

[Read more...] about Digital transformation in tertiary education: more investments, strong will of leaders needed