Digital transition – crucial for Vietnamese enterprises
Vietnamese enterprises are in a weak position in sharing the “revenue pie” of a digital economy, said Tran Dinh Thien, former director of the Vietnam Institute for Economics, at a conference on Vietnamese businesses and digital transition in Hanoi on July 18.
Hanoi (VNA) – Vietnamese enterprises are in a weak position in sharingthe “revenue pie” of a digital economy, said Tran Dinh Thien, former directorof the Vietnam Institute for Economics, at a conference on Vietnamesebusinesses and digital transition in Hanoi on July 18.
According to a survey conducted by theMinistry of Industry and Trade in 2018, up to 82 percent of Vietnameseenterprises and 16 out of 17 surveyed sectors showed low readiness for thefourth Industrial Revolution.
At present, Vietnam is studying andcompiling a strategy on the fourth Industrial Revolution and an actionprogramme on digital transition, and will put them into the Socio-economicDevelopment Strategy for the 2021-2030 period.
In addition, a series of programmes onbuilding hi-tech agriculture and smart cities, and developing smart tourismhave been carried out by different ministries, sectors and localities.
However, it lacks concerted measures tobring into full play opportunities of the fourth industrial revolution anddigital transition, Thien stated.
Director of the Vietnam Institute forAdvanced Study in Mathematics Ho Tu Bao stressed that digital transition iscrucial. He advised businesses to define a road map for the transition.
The success does not rely on technology,but the consciousness and strategy of an enterprise itself, he stated.
Nguyen Manh Hai from the Central Institutefor Economic Management (CIEM) emphasised the need for state managementagencies to carry out mechanisms and policies to reduce risks for partiesinvolved in the sharing economy, and improve their understanding of digitaleconomic services.
Ministries and sectors should intensifyinformation and data sharing in state management so as to create favourableconditions for business in digital transition, he suggested.-VNA
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Overview of the conference (Source: ) 
