Digital transformation will be a direct driver of economic growth
Factors that enhance competitiveness
The Covid-19 pandemic seriously impacted the entire Vietnamese economy in 2021. Among the policies and solutions, digital transformation in the economy in general and the service industry in particular is a direct driving force for economic growth and sustainable development in the medium and long term. On the other hand, an effective and innovative digital service platform will create spillover effects to all sectors of the economy by providing high-quality inputs, ensuring output as well as business support services for customers key industries - agriculture of Vietnam, especially in the context that our economy has increasingly integrated into the global value chain.
Commenting on Vietnam's economic situation in recent years, Mr. Nguyen Truc Le, Rector of the University of Economics (Vietnam National University, Hanoi) said that digital transformation in the service sector not only helps Vietnam overcome difficulties caused by the pandemic but also a factor to improve competitiveness for businesses. However, Vietnam's digital transformation process faces many challenges, especially in completing the institutional and legal framework to accelerate the speed of digital transformation. Investment risks and human resource capacity are also major obstacles for businesses in digital transformation. In order for businesses in the service industry to have a basis for building an effective digital transformation roadmap, the authors have researched and built a set of criteria to evaluate the level of digital transformation based on reference to the sets of criteria and specific characteristics of industry.
Digital transformation is opportunity for businesses to recover and grow. Photo: T.D |
Digital transformation is not a movement
Assessing the current situation of digital transformation in Vietnam, Dr. Nguyen Minh Cuong, Asian Development Bank (ADB) in Vietnam said that digital transformation is not a movement but a market trend and must be done. If we don't do it, we can't expect Vietnam to grow in the future. However, in Vietnam, digital transformation is considered a movement. In order to transform digitally, first of all, it is necessary to speed up the reform of administrative procedures. The administrative procedures are still cumbersome and complicated, so it is difficult for successful digital conversion, otherwise it can cause obstacles.
Dr. Vu Tien Loc, Member of the National Assembly's Economic Committee and Chairman of the Vietnam International Arbitration Center, said that awareness is the most important issue. The issue of digital transformation is being approached in a narrow sense, which is information technology in the digital transformation process, while this is only the first process of digital transformation. If administrative procedure reforms but the transformation of digital transformation is not considered, changing the business model or the state governance model will not lead to a real digital transformation process.
“Digital transformation is a reform from business model to governance. For the State, it is reform in governance, and the main driver of digital transformation must be enterprises. The government does not need to do specific things to support and guide businesses in digital transformation, but should only support leading enterprises and the role of business associations is very important in this regard,” said Vu Tien Loc.
Related News
Enterprises have the right to pre-determine HS codes
09:55 | 06/04/2023 Regulations
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
Dong Nai Customs: understand the business situation to develop effective support solutions
13:27 | 04/04/2023 Customs
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export