Small- and medium-sized businesses need to pay more attention to cybersecurity, according to experts. (Photo courtesy of Kaspersky)
HCM City (VNS/VNA) - Digital transformation is creatingopportunities for small and medium-sized businesses in Vietnam but alsobringing new risks, according to experts.
SMBs account for 98 percent of all enterprises and 40 percent of GDP inVietnam.
In the digital era, information systems play a very important role in theoperation of companies, but holding a large volume of customer informationmakes businesses a target of cybercrime.
Cyberattacks put firms’ money, data and IT equipment at risk.
If a hacker gains access to one firm’s network, they could do a lot of damagewith what they find, such as access to client lists, customer credit cardinformation, the company's banking details, and others.
Cyberthreats are a problem not only for large corporations and governments butalso SMBs.
Research shows that globally 22 percent of small businesses have been thetargets of cyberattacks.
A Kaspersky survey in 2018 on “Growing businesses safely: Cloud adoption vs.security concerns,” found that 74 percent of SMBs were not paying enoughattention to cybersecurity.
The company also surveyed more than 6,000 employees of various companies allover the world, and learnt that regardless of company size data breach costshave risen significantly in the last two years.
Yeo Siang Tiong, Kaspersky’s general manager for Southeast Asia, said:“Cyberattacks could cause significant consequences for businesses. Oncecustomers know that their information was compromised, the involved business’reputation will be tainted, and sometimes this is more damaging than monetaryloss.
“Our report shows that 43 percent of data breaches are caused by employees whoeither maliciously or carelessly give cybercriminals access to their company’snetworks.
“Hence, SMBs should invest more in cybersecurity training for employees toeducate them in the basics of cybersecurity.”
He offered several tips for SMBs to beef up their security defences, includingbasic IT security training for staff, putting a process in place to create andsafely store back-ups, controlling access to corporate data, regularly updatingpatches, and using professional software. — VNS/VNA
Vietnam ranked 50th out of 175 countries on the Global Cybersecurity Index (CGI) in 2018, up 50 places from the previous year, according to a report by the International Telecommunications Union (ITU).
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In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Small- and medium-sized businesses need to pay more attention to cybersecurity, according to experts. (Photo courtesy of Kaspersky) 
