Digital transformation turns dreams of businesses into reality
The 60-year-old Rang Dong Light Source and Vacuum Flask JSC was once bogged down in difficulties because of a fire and Covid-19 in 2019.
The challenge posed for Rang Dong at that time was finding a new "driving force". The company decided to carry out digital transformation.
In July 2019, it set up a division in charge of a digital transformation strategy for 2020-2025, with a vision towards 2030, and set up an advisory task-force on digital transformation.
The committee’s head Nguyen Doan Ket said after three years, the company gained success.
Its growth rate was 15.6 percent in 2020, and 16 percent in 2021.
Rang Dong has turned from a product manufacturer into a product and service provider.
It developed a new field – smart homes, smart cities and smart farms. It also plans to put into operation a modern Make-in-Vietnam LED factory in 2023.
It is expected that the company will complete digital transformation for the production division with 70-80 percent of data connected, processed and analyzed in a unified system by 2025, while a smart factory will be built by 2030.
Like Rang Dong, Sunhouse, a household appliance manufacturer, has determined that digital transformation is also a strategic move.
It wants to develop and expand factories with high technological content and complete the supply chain to become self-reliant in production and manufacture products with international standards.
In 2021, Sunhouse cooperated with ITG Technology to deploy the Make-in-Vietnam solution. The plastics factory was built with ISA-95 standards.
The smart factory model helps create an information flow, from the production workshop to the highest-level management board.
Sunhouse’s president Nguyen Xuan Phu said he only needs to look at his smartphone to obtain all necessary information about the company’s operation in real time.
Phu said they prioritize bringing products and services to consumers in the quickest way at the lowest cost on the digital platform.
Enterprises need to choose solutions suitable to their business types and operation scale, rather than follow the crowd and use expensive but ineffective solutions.
Ket said as there is no standard model, his company has performed digital transformation in a cautious manner, focusing on smart production and product strategic restructuring.