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The Hanoitimes - The Ministry of Planning and Investment (MPI) and USAID/Vietnam are collaborating to support the Vietnamese enterprises in the process of digital transformation. About 100,000 small-medium enterprises (SMEs) will be supported to use a digital transformation readiness evaluation tool and other digital solutions, according to the latest program launched by the Ministry of Planning and Investment (MPI) and USAID Vietnam. An overview of the launching ceremony being held on December 3. Photo: Nhat Minh Revolutionary technology development is changing people’s lives. Traditional business models are gradually being transformed by new technologies that bring higher efficiency. Enterprises’ competitive advantage is shifting based on new technology and innovation. Speaking at the launching ceremony for the “Supporting enterprises’ digital transformation from 2021 to 2025” program on December 3, Minister of Planning and Investment Nguyen Chi Dung said that digital transformation becomes an indispensable trend for enterprises to quickly recover from the Covid-19 pandemic, improve their competitiveness and make breakthroughs in the fourth Industrial Revolution. The MPI will continue collaborating with the USAID LinkSME project to implement the program by 2025, in which, 100% of enterprises will be aware of digital transformation, at least 100 manufacturing and processing enterprises will successfully adopt digital transformation and then their experiences will be replicated on a larger scale. Besides, a network of at least 100 experts and agencies will also be established to provide digital consultancy and services for the enterprises. Ms. Ann Marie Yastishock, USAID/Vietnam Mission Director said that the program will help address digital transformation gap in three phases including pre-digital transformation, determining how digital tools to be used, and creating systems to fully upgrade productivity. “I hope this …

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Where do you think the Vietnamese economy stands at the moment? Yoon Young Kim, country president of Schneider Electric Vietnam and Cambodia Looking at Vietnam’s economic indicators, I am pretty optimistic. The manufacturing sector shows good signs of recovery and growth. Although Vietnam has just witnessed the second wave of COVID-19 pandemic in August and suffered economic losses from natural disasters, both industrial production and retail sales increased more than 6.5 per cent compared to the same period last year. In the long term, Vietnam is looking at stable growth as one of the few countries that are expected to see positive growth in 2020, which will accelerate in the next period. According to the Asian Development Outlook (ADO) 2020 Update of the Asian Development Bank (ADB) released on September 15, Vietnam’s GDP is projected to expand by 1.8 per cent in 2020 and increase at the rate of 6.3 per cent in 2021, whereas the GDP of developing countries in Asia will decline by 0.7 per cent in 2020 and grow by 6.8 per cent in 2021. This "miraculous" development, in my opinion, comes from many favourable conditions, including the “right time, right place, and the right people”. First, Vietnam’s investment environment is supported by political stability, social security, and high economic growth which is projected to be positive even during the pandemic. Also, the country’s infrastructure readiness has been improved largely such as the expansion of industrial zones as well as the occupancy rate that gives investors more options for their strategic operation in the country. Finally, Vietnam’s young and vibrant workforce that can learn fast has been able to upskill via investments to be involved in the global supply chain and industrial technology. Another noticeable point is that the landmark EU-Vietnam Free Trade Agreement (EVFTA) has just come into effect. It has great strategic significance by facilitating businesses to join the market …

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The fourth industrial revolution, digital transformation and the digital economy are mentioned many times in documents of the 13th Party Congress. VietNamNet would like to introduce the speech delivered by Minister of Information and Communications Nguyen Manh Hung at the congress. Minister of Information and Communications Nguyen Manh Hung. Photo: Pham Hai The desire to develop a prosperous and happy country and the desire for a mighty Vietnam have been aroused. The flag has been raised to gather all of Vietnamese people. The way to the target has been shown, which is science and technology, innovation, the 4th industrial revolution, digital transformation, and digital economy. The decisive factor for success is Party building and reorganization tasks so that people always believe in the Party's leadership. Digital technology, digital transformation, digital economy, and digital age are a process occurring over decades. It is a global trend, an irreversible process. The physical world is being digitized. Real life is being brought into cyberspace. The process of creation, production and business is taking place more and more in cyberspace. With the emergence of the 4.0 industrial revolution, with the push of the world Covid-19 pandemic, the world is at the breakthrough point in the digital transformation process. This is an opportunity for Vietnam to realize its aspirations for building a mighty and prosperous country. Digital economy includes economic activities that use digital information and digital knowledge as the main production factor. It uses the Internet and information networks as space for operation; and uses ICT, i.e. electronics, telecommunications and information technology, to increase labor productivity and to optimize the economy. Simply, the economy is related to digital technology. In a narrow sense, the digital economy is only related to the ICT sector. In a broad sense, these are areas that are close to digital …

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