According to the Vietnam Chamber of Commerce and Industry, 47 percent of Vietnamese businesses consider digital transformation as urgent. Businesses that apply digital technology double their productivity and profits.

Vietnam’s GDP is expected to increase by 30 billion USD in 2024 as digital transformation takes hold in small and medium sized enterprises. However, there are obstacles hindering small and medium sized enterprises from the uniform application of digital transformation.

To recover and boost production post COVID-19, accelerating digital transformation is a significant solution. However, to successfully apply digital transformation, enterprises need to understand their limitations.

The Ministry of Information and Communications (MIC) has developed the Digital Business Transformation Index aiming to help businesses select suitable digital transformation solutions.

Accordingly, Vietnam will strive to become a leading digital country and economy in the ASEAN region by 2030 and allow comprehensive testing of new technologies in the digital economy.

The main targets include improving the competitiveness of the economy, with an average digital economy growth rate reaching 20% a year and labour productivity growth of at least 7% by 2025.

The programme also aims to build a transparent and effective Government in order to be in the world’s top 50 in terms of e-government./.