Enhancing competitiveness through digital transformation is vital for enterprises in a digital economy to create the foundation for transforming growth models and building an independent and autonomous economy, Deputy Chairman of Việt Nam Chamber of Commerce and Industry Hoàng Quang Phòng said at a forum on Wednesday in Hà Nội.Trịnh Minh Anh, Chief of the Office of the Interdisciplinary Steering Committee for International Economic Integration, said non-traditional business models were arising during the formation of the digital economy, which created opportunities for start-ups.However, there were challenges, including the lack of capital, governance experience, technology and human resources, coupled with the shortage of capacity to deploy digital technologies which were hindering the transformation of production and business models.Enterprises should be proactive in digital transformation while the Government should create favourable conditions for businesses to participate in the digital economy.Minh Anh said digital transformation should be sped up in sectors such as energy, transport, education and training, medical treatment, e-commerce and agriculture.Taking advantage of new-generation FTAs was important to expand markets and promote cooperation for technology transfer, developing new business models and playing a role in the global supply chain, he said.According to Nguyễn Trọng Đường, an expert in digital transformation from the Ministry of Information and Communications, the Vietnamese economy was significantly affected by global uncertainties due to a high degree of economic openness.Đường cited the forecast of the Asian Development Bank that Việt Nam’s GDP growth rate would narrow from 8.02 per cent to 5.2 per cent this year.With more than 71 per cent of the population regularly accessing the Internet, the most effective way to reach customers was through the digital environment, he said, urging firms to be customer focused, and data and automation driven.With a majority of firms being small and medium size, the Government should provide preferential policies to encourage SMEs to implement digital transformation, Bùi Bích Liên, director of EMcom Joint Stock Company, said. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News