Log in
Business

SMEs to be assisted in digital transformation by 2025

The Ministry of Planning and Investment (MPI) and USAID/Vietnam are collaborating to support the Vietnamese enterprises in the process of digital transformation.

About 100,000 small-medium enterprises (SMEs) will be supported to use a digital transformation readiness evaluation tool and other digital solutions, according to the latest program launched by the Ministry of Planning and Investment (MPI) and USAID Vietnam.

 An overview of the launching ceremony being held on December 3. Photo: Nhat Minh

Revolutionary technology development is changing people’s lives. Traditional business models are gradually being transformed by new technologies that bring higher efficiency. Enterprises’ competitive advantage is shifting based on new technology and innovation. 

Speaking at the launching ceremony for the “Supporting enterprises’ digital transformation from 2021 to 2025” program on December 3, Minister of Planning and Investment Nguyen Chi Dung said that digital transformation becomes an indispensable trend for enterprises to quickly recover from the Covid-19 pandemic, improve their competitiveness and make breakthroughs in the fourth Industrial Revolution.

The MPI will continue collaborating with the USAID LinkSME project to implement the program by 2025, in which, 100% of enterprises will be aware of digital transformation, at least 100 manufacturing and processing enterprises will successfully adopt digital transformation and then their experiences will be replicated on a larger scale. 

Besides, a network of at least 100 experts and agencies will also be established to provide digital consultancy and services for the enterprises.

Ms. Ann Marie Yastishock, USAID/Vietnam Mission Director said that the program will help address digital transformation gap in three phases including pre-digital transformation, determining how digital tools to be used, and creating systems to fully upgrade productivity. “I hope this program would help SMEs understand the importance of digital transformation towards sustainability,” she added.

Ms. Ann Marie Yastishock, USAID/Vietnam Mission Director, told Hanoitimes about the importance of digital transformation, as well as solutions to support Vietnamese small and medium-sized businesses to recover from Covid-19 and better position themselves to meet customer demand and expectations.

 Ms. Ann Marie Yastishock, USAID/Vietnam Mission Director. Photo: Nhat Minh

What do you think about the importance of digital transformation for Vietnamese small-medium enterprises (SMEs), particularly in the context of Covid-19 prevention?

The Covid-19 pandemic has changed everything in the globe and has really changed the way business is done now making everything virtual like electronic. It is important for Vietnam to be competitive to make sure the SMEs are quick with the digital platform as well as digital opportunity to response to the customer. 

How has the USAID/Vietnam assisted Vietnamese SMEs in effective digital transformation?

We are working very closely with Vietnamese government, particularly the Ministry of Planning and Investment as the outstanding partner for us in Vietnam. We are moving into the process of the implementation of the Prime Minister’s decision about digital transformation [Decision No. 749 on the National Digital Transformation Program by 2025 with Orientations toward 2030].

We have worked out SMEs program to help the ministry put together plan and now looking at implementation of that plan. So for the pilot program jointly held by the Ministry of Planning and Investment and USAID LinkSME, we will have 100 SMEs that will be helped with increasing digital transformation. They will have more capacity to meet the demand of customers and really participate in the global economy.

Thank you for answering to Hanoitimes.

Reactions:
Share:
Trending
Most Viewed
Related news
E-commerce platforms to pay taxes on behalf of sellers 

E-commerce platforms to pay taxes on behalf of sellers 

Under the new rules, a portion of each transaction will be deducted to pay taxes once payment is completed.

French leading corporations propose nuclear power, high-speed rail cooperation in Vietnam

French leading corporations propose nuclear power, high-speed rail cooperation in Vietnam

Top French firms like EDF, Alstom, and Thales are looking to partner with Vietnam on nuclear power, high-speed rail, and aerospace projects.

Vietnam's firm launches the Philippines' first electric taxi service

Vietnam's firm launches the Philippines' first electric taxi service

The Philippines is GSM’s fourth market after Vietnam, Laos, and Indonesia, signaling a significant step in its Go Green Global strategy for expanding electric vehicles internationally.

Qualcomm's Hanoi-based AI R&D center is the 3rd largest globally 

Qualcomm's Hanoi-based AI R&D center is the 3rd largest globally 

The establishment of Qualcomm's new Artificial Intelligence Research and Development Center reflects Vietnam’s efforts to attract global tech investment and talent, aligning with its ambition to become a regional AI powerhouse.

US-ASEAN Business Council supports balanced Vietnam-US trade agreement

US-ASEAN Business Council supports balanced Vietnam-US trade agreement

The US's long-term cooperation with Vietnam would yield strategic benefits and help improve a fair and balanced trade.

Hanoi prioritizes job creation for growth

Hanoi prioritizes job creation for growth

The improvement in Hanoi's labor market indicates the city's growth momentum between January and May.

Vietnam targets 70% of adults to shop online by 2030

Vietnam targets 70% of adults to shop online by 2030

Businesses and consumers are the main forces driving sustainable e-commerce.

Vietnam enables 20 million young people to launch e-commerce startups

Vietnam enables 20 million young people to launch e-commerce startups

The program focuses on delivering AI and digital business training to youth across Vietnam, with a special emphasis on underserved and remote communities.