Digital flow: Vietnamese entrepreneurs’ aspirations and the leading role of Party organisations
The journey of digital transformation has recorded initial results, yet difficulties and challenges remain, requiring perseverance and efforts from the entire political system, particularly the leadership role of Party organisations.
Hanoi (VNA) -𝓡 In the context of fierce global competition, applying digital technology is no longer an option but an inevitable path.
Resolution 41-NQ/TW of the Politburo, issued on October 10, 2023, focuses on building and promoting the role of Vietnamese entrepreneurs in the new era. It calls on enterprises to take action and inspire them to embrace innovation, creativity, and bold thinking.
The Resolution demonstrates the determination of the Party and State in promoting national digital transformation, enabling Vietnamese enterprises to make breakthrough development in the digital age and reach a new height in the Fourth Industrial Revolution.
A key highlight of Resolution 41 and Resolution No. 66/NQ-CP (Action Programme to implement Resolution 41) is the leadership role of grassroots Party organisations within enterprises.
Nguyen Doan Thang, Party Committee Secretary and General Directo of Rang Dong company, says Rang Dong aims to become a billion-dollar enterprise by 2030, positioning itself as a leader in Vietnam’s smart home supply chain and expanding to the regional level. (Photo: VietnamPlus)
Nguyen Doan Thang, Secretary of the Party Committee and General Director of Rang Dong Light Source and Vacuum Flask Joint Stock Company, shared the company’s five-year journey in digital transformation.
He said under the leadership of the company’s Party Committee, Rang Dong has stepped out of its comfort zone, shifting from scale-based competition to value-based competition, while leveraging digital technology to optimise production capacity and enhance growth quality.
Smart Farm solution for high-tech agricultural lighting and precision agriculture. (Photo: VietnamPlus)
As a result, the company’s growth has increased to 15%-20% over the past five years, compared to 8%-10% previously. The company set a revenue target of 11 trillion VND (nearly 435 million USD) for 2024, 13.75 trillion VND (over 543 million USD) for 2025, and 25 trillion VND (about 988 million USD) for 2030.
Pham Ngoc Son, Chairman of the Board of Directors of FaceNet High Technology and Software Services Joint Stock Company, underlined the vital role of the Party organisation in the company in driving digital transformation.
He shared that FaceNet is currently providing AI solutions for domestic banks and manufacturing companies, as well as selling technology solutions to German partners in the healthcare sector. This shows the potential of Vietnamese technology enterprises in this field.
However, he pointed out that many Vietnamese technology firms are still young, so it is crucial to foster cooperation and build a collaborative ecosystem.
Many Vietnamese technology firms are still young, so it is crucial to foster cooperation and build a collaborative ecosystem. (Photo: VietnamPlus)
Bui Anh Tuan, Deputy Director of the Centre for Information Technology Solutions and Digital Services at Viettel Group, also emphasised the importance of collaboration among domestic enterprises, particularly in the high-tech sector, to ensure autonomy and reduce dependence on foreign countries.
A report on the digital transformation support programme for enterprises in the 2021-2025 period by the Department of Enterprise Development under the Ministry of Planning and Investment, shows that Vietnamese businesses have recognised the importance of digital transformation.
However, there are still limitations in standardising processes, operational policies, data collection, storage and analysis capabilities, infrastructure connectivity, information technology systems, and investment resources.
Training high-quality human resources, establishing strong technology infrastructure, and refining the legal framework are critical issues that must be addressed thoroughly. (Photo: VietnamPlus)
This has resulted in a low level of readiness for digital transformation in various aspects of the supply chain and information management systems.
Therefore, it is necessary to devise support policies and consultation on digital transformation roadmaps, especially for small and medium-sized enterprises./.
The highest level of readiness for digital transformation is demonstrated by businesses’ activetiness in learning, updating, and embracing technology trends, solutions, and initiatives to apply in their operations. (Photo: VietnamPlus)
Bac Giang province, a magnet for foreign direct investment (FDI) in the northern region, will pay more attention to promoting digital transformation in enterprises in the coming time, according to Vice Chairman of the provincial People’s Committee Mai Son.
Prime Minister Pham Minh Chinh called for more drastic efforts and resolve to accelerate the digital transformation that has contributed to creating new motives for the nation development while chairing the Government’s hybrid conference with leaders of ministries and sectors and chairmen of the People’s Committees of the centrally-run cities and provinces on July 19.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
