Vietnam: Digital transformation no longer optional for small firms: seminar

Share This Post

(The Vietnam News)

Vietnamese enterprises, especially small and medium-sized ones, should embrace digital transformation to survive but also improve their production and trading processes and business efficiency in the industry 4.0 era, especially amid the Covid-19 pandemic, a seminar heard in HCM City yesterday.

Trần Phú Lữ, director of the Investment and Trade Promotion Centre of HCM City (ITPC), said Việt Nam has some 800,000 enterprises, of which SMEs account for 95 per cent and contribute 45 per cent of GDP.

When the pandemic broke out, over 90 per cent of SMEs were affected, with their revenues dropping by more than 50 per cent, and about 24 per cent had to suspend operations, he said.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Do You Want To Boost Your Business?

drop us a line and keep in touch

Scroll to Top