Industry 4.0 and digital transformation are influencing the whole economy. Could you tell us about that transformation and related challenges facing Vietnamese enterprises? Digital transformation is the process of using digital data and technology to change overall and comprehensively the mode of development and the way of performance to improve business efficiency. In this regard, digital transformation covers information and organization transformation and comprehensive business transformation. A digital economy is based on digital technology, especially internet-based transactions, while digital transformation is considered the core of Industry 4.0. Six challenges lie ahead of Vietnamese enterprises, including advanced awareness and thinking; strategies and operational roadmap; digital capacity building including human resources, infrastructure and culture; identifying key technologies in business operations; business model renovation; and enlarging the size of an organization. How … [Read more...] about Digital transformation: Vision along with step-by-step action
Forrester digital transformation 2017
Deputy Prime Minister Vũ Đức Đam is shown the latest technology on display at the Vietnam ICT Summit 2019 in Hà Nội. — Photo VINASA HÀ NỘI — Digital transformation is an opportunity for Việt Nam to create greater value for each business, make each organisation more efficient and offer better opportunities for every citizen, said Deputy Prime Minister Vũ Đức Đam at the Vietnam ICT Summit 2019 in Hà Nội on Thursday. Đam said that although Việt Nam is currently growing faster than many countries in the region and the world, its departure point was low. Therefore, it needs to speed up and be more sustainable. “In the current situation, Việt Nam faces fierce competition in terms of technology, investment capital attraction and markets. To overcome this, we must have aspirations, alongside creativity and breakthroughs in thought,” Đam said. It is often … [Read more...] about ICT Summit talks digital transformation in Việt Nam
The report “Việt Nam’s Future Digital Economy towards 2030 and 2045” provides economic modelling for potential growth scenarios. Photo courtesy of CSIRO HCM CITY — Risks and challenges must be identified during the digital transformation era to ensure that Việt Nam continues to grow and be prosperous, a new report has said. The report, “Việt Nam’s Future Digital Economy Towards 2030 and 2045”, notes that much has already been done through the Government’s policies on 4.0 Industry such as cybersecurity, energy and digital skills. The report was issued by Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Việt Nam’s Ministry of Science and Technology. Dr Lucy Cameron, lead author of the report, said that Việt Nam, as one of the world’s … [Read more...] about Australia, VN issue new report on digital transformation roadmap
Phuong Trinh, the owner of a restaurant in HCMC, is checking his business on Grab and Now. She notes that orders from the two apps have become unsatisfactory and wants to identify the problems to adjust the food processing capacity and working schedule. At BVOT, a company that specializes in running business campaigns for automobile enterprises, officers don’t stay after 6 pm and don’t work on weekends. In order to apply the policy, all the operation stages must be digitized. Every day, officers take duties from the system and update their implementation process. The method has helped increase productivity. Tran Hong Ninh, CEO of BVOT, said he is trying a model which allows work from a distance. The money saved from office leasing will be used for a new wage policy. ‘Digital transformation’ entails digitizing business activities to generate data which could be used for specific business purposes and corporate governance. Young businesses related to e-commerce … [Read more...] about What does Vietnam need for digital transformation?
Viet Nam News HÀ NỘI — Increasing profit a few hundred per cent, saving billions of dollars in technology costs, operating complex data systems in real time, transforming appropriate business models, improving operational efficiency and personalising customer experience on large-scale digital platforms at fast speed were the benefits of digital transformation, said Dr. Phương Trầm, FPT head consultant on digital transformation and former DuPont CIO at a seminar in Hà Nội this week. Digital transformation in organisations and businesses is the process of changing from traditional models to digital enterprises by applying new technologies such as Big Data, the Internet of Things (IoT) and cloud computing. It also changes operation and leadership methods, working processes and corporate culture. Digital transformation brings many benefits such as cutting operating costs, reaching more customers in a shorter time, quicker and more accurate … [Read more...] about Vietnamese enterprises to boost digital transformation