return icon

Digital transformation key to helping businesses catch up with market opportunities

Digital transformation is considered the key to helping businesses overcome the current difficult period, seize market opportunities and recover strongly, heard a seminar held in Ho Chi Minh City on July 14.
Digital transformation key to helping businesses catch up with market opportunities hinh anh 1
Digital transformation is considered the key to helping businesses overcome the current difficult period, seize market opportunities and recover strongly, heard a seminar held in Ho Chi Minh City on July 14.

The seminar on challenges and opportunities of small and medium enterprises (SMEs) in digital transformation was co-organised by Vietnam Chamber of Commerce and Industry (VCCI) – Ho Chi Minh City branch and WorkIT Joint Stock Company.

The prolonged COVID-19 pandemic has affected all aspects of business operations, according to participants at the event. Specifically, enterprises have been facing challenges such as the ability to access customers, cash flow, maintaining workforce and supply chain disruptions.

In order to recover and develop production, it is necessary for the business community, especially SMEs, to quickly restructure and transform their business models to embrace innovation, they said.

According to Phi Anh Tuan, Vice Chairman of the HCM City Informatics Association, many enterprises find it difficult to select the right solutions, technology and effective consulting units relating to the digital transformation process due to the number of suppliers in the market.

In addition, it is a must for them to set up a data analysis department, and build digital assets as well as a management system to exploit digital resources, he said.

Quach Ngoc Long, General Director of WorkIT Joint Stock Company, said that the demand for the digital transformation among businesses is high.

Digital transformation is a journey of technological integration following a long-term roadmap with a flexible strategy to meet market trends, therefore, enterprises should change their mindset, devise a detailed strategy, remove barriers and begin with available infrastructure, he added.

Tran Ngoc Liem, Director of VCCI-HCM city branch, said that the VCCI has been constantly making efforts to introduce effective solutions for digital transformation in the locality, adding that it promotes cooperation with a range of partners to provide solutions and applications of digital transformation suitable for businesses in different industries.

At the seminar, VCCI-HCM City branch and WorkIt Joint Stock Company signed a Memorandum of Understanding on a collaboration programme to support 1,000 SMEs in digital transformation.
Source: VNA


Vietnam demands Taiwan to cancel illegal drills in Truong Sa’s waters

Vietnam resolutely opposes and demands Taiwan (China) to cancel its live-fire exercises in the waters around Ba Binh island that belongs to Vietnam's Truong Sa (Spratly), Vietnamese Foreign Ministry spokeswoman Le Thi Thu Hang stated on December 2.

Make-in-Vietnam cameras have high security, satisfy standards

Make in Vietnam camera manufacturers are enhancing security capability and satisfying requirements on information security set by the Ministry of Information and Communications (MIC) for devices such as cameras and Internet of Things (IoT).

Government plans to rearrange state-owned enterprises till 2025

Deputy Prime Minister Le Minh Khai has signed a decision approving a plan of rearrangement of state-owned enterprises for the period of 2022-2025 in the form of one-member limited company, equitization, re-arrangement and divestment.

Transport Ministry urges new ship channel for large vessels in Mekong Delta

The Ministry of Transport has urged Tra Vinh Province to implement compensation payment for site clearance and resettlement support to build a new ship channel for large vessels in the Hau River.

Toan retains WBA Asia belt against Amparo in Bangkok

Le Huu Toan successfully defended his World Boxing Association (WBA) Asia minimum-weight (48kg) belt during The Challenger event on November 30 in Bangkok, Thailand.

Billions of dollars from foreigners invested in Vietnam’s enterprises

Foreign capital keeps flowing into Vietnam through many different channels, helping investors regain their confidence in the stock market and the economy.

Urban areas, parks to be built on Red River alluvium grounds

Hanoi authorities plan to build new urban areas and eco-friendly housing, and develop open space with parks, urban squares and flood parks on thousands of hectares on the alluvium grounds of the Red River area.

Target of 1 million social housing units difficult to reach

The goal of developing 1 million social housing units may not be feasible.

Ministry to control rice import management

The Ministry of Industry and Trade (MOIT) fears the high level of rice imports and the failure to control imports will affect domestic production.

Gambling soars during World Cup

Football betting is taking place in the open air at venues where people gather to watch World Cup matches, or quietly online.

Michelin Guide to announce first Vietnamese restaurant selections

Hanoi and Ho Chi Minh City have been selected by Michelin as the latest destinations joining the international selection, as compiled by the Michelin Guide.

Ministry to crack down on Internet ads violations

The Ministry of Information and Communications held a conference in Hanoi on November 30 to roll out Internet advertising management measures.

Seven-day Tet holiday fixed for State employees

Officials, civil servants, public employees and workers of State administrative and socio-political organisations will enjoy a seven-day Lunar New Year (Tet) and four-day National Day holidays next year.

Vietnam has opportunity for energy transition towards green growth

Vietnam boasts substantial potential for wind power, particularly offshore wind power, providing an opportunity for the country to fulfill its energy transition target towards green growth.

PM requests combined efforts to combat IUU fishing

Prime Minister Pham Minh Chinh called for concerted efforts to fight illegal, unreported and unregulated (IUU) fishing while chairing a teleconference with 28 coastal provinces and cities on December 1.