Business

Firms urged to promote digital transformation to expand exports

Firms should speed up the digital transformation as an effective solution to expand exports in the context of rising cross-border e-commerce, according to the Ministry of Industry and Trade.
Firms urged to promote digital transformation to expand exports ảnh 1In the context of rising cross-border e-commerce, firms should speed up the digital transformation process as an effective solution to expand exports. (Source: congthuong.vn)

Hanoi (VNS/VNA) — Firms should speed up thedigital transformation as an effective solution to expand exports in thecontext of rising cross-border e-commerce, according to the Ministry ofIndustry and Trade.

Dang Hoang Hai, Director of the ministry’s e-Commerce andDigital Economy Agency, said that together with opportunities from thenew-generation free trade agreements, the trend of shifting from traditionalbusiness models to digital-based is becoming common.

Digital transformation is considered an effective solutionfor firms to penetrate and expand their export markets, Hai said, adding that itwould help firms set up a more flexible and more efficient export model.

It was forecast thatglobal online exports could touch 1 trillion USD this year, especiallyamid the COVID-19 pandemic.

Hai said firms should pay attention to three factors, namelydeveloping digital platforms, digital databases and mobile websites in thedigital transformation process to boost exports.

Hai said that the ministry is implementing a number ofmeasures to support import and export activities, especially through e-commerce.

Under the national e-commerce development master plan in2021-25 and the national digital transformation programme to 2025, Vietnamidentified digital transformation as a vital process to speed up themodernisation of the distribution system, increase enterprises’competitiveness, develop the domestic market and increase exports.

Hai said the ministry was increasing the application ofinformation technology in conducting administrative procedures tofacilitate exports, such as the eCoSys system which allows onlinesubmission of certificates of origin.

According to the Multilateral Trade Policy Department, tradepromotion activities were now moving online, especially amid the COVID-19pandemic, which also helped save significant sums for businesses compared totraditional trade promotion.

Hai, however, noted that the digital transformation ofVietnamese firms was taking place too slowly.

Vietnam targeted to develop about 50,000 technology companiesnationwide to accelerate digital transformation./.
VNA
#digital transformation #cross-border e-commerce #Ministry of Industry and Trade #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Banks racing to catch digitisation

Banks racing to catch digitisation

Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.
HCM City aiding pandemic-hit businesses

HCM City aiding pandemic-hit businesses

Authorities in HCM City have launched aid packages to help local businesses, especially small- and medium- sized enterprises (SMEs), maintain their operations.

See more

Prime Minister Pham Minh Chinh (right) and Associate Vice-President of IFAD’s Department for Country Operations Donal Brown (Photo: VNA)

PM seeks IFAD’s support for Vietnam’s carbon credit market development

Highlighting the country's commitment to developing green and sustainable agriculture, PM Chinh requested IFAD to increase preferential loans and promote non-refundable aid for projects applying scientific and technological innovations in agriculture, while helping Vietnam successfully carry out the one million hectares of low-emission, high-quality rice project.

At the discussion on "Revitalising and Unleasing Finance Strategy for Global Green Growth". (Photo: VNA)

Green growth – an irreversible global trend: P4G discussions

Ministerial discussions were held on April 17 within the framework of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit, bringing together domestic and international officials to address critical aspects of sustainable development and green transition.

The first commercial vessel officially docks at Berths 3 and 4 at the Hai Phong International Gateway Port in the northern city of Hai Phong on April 16. (Photo: VNA)

First commercial ship docks at new berths in Hai Phong

The official launching of terminals marks Hai Phong Port’s regional leading ability in port operations and reaffirms Hai Phong Port JSC’s key role in the North. Once HTIT is fully operational, Hai Phong Port’s market share in container cargo in the region is expected to reach 40%, and 60% for non-container cargo in the Hai Phong area.

Containers of export goods at a port in Binh Duong province. (Photo: VNA)

Vietnam to develop trade defence early warning system

Part of a new Government decree, the early warning system aims to provide timely information to businesses and industry associations, enabling them to take preventive measures and prepare appropriate responses.

Deputy PM Nguyen Chi Dung (R) receives a delegation from the Southeast Asia Semiconductor Association in Hanoi on April 16. (Photo: VNA)

Deputy PM calls for SEMI SEA’s assistance in semiconductor, AI industry

The Deputy PM revealed that Vietnam is intensifying efforts to achieve its goal of training 50,000 engineers for the semiconductor industry by 2030, requesting SEMI SEA and its member companies coordinate with Vietnam's Ministry of Finance and the National Innovation Centre (NIC) to implement this training programme.

Ambassador Dinh Toan Thang (R) and Bertrand Gaume, Prefect of the Hauts-de-France region. (Photo: VNA)

Vietnam eyes stronger trade, investment links with France's northern region

Ambassador Dinh Toan Thang stressed that Hauts-de-France, with its robust industrial base, well-developed seaport and logistics networks, and open investment environment, represents a highly promising partner for Vietnamese localities and businesses aiming to deepen integration into the European Union market.