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Businesses need to persevere with digital transformation journey

Vietnamese businesses have made important strides in the digital transformation journey, but they also need to overcome challenges and difficulties in order to perfect and take advantage of opportunities from digital transformation.
Businesses need to persevere with digital transformation journey ảnh 1Digital transformation has recently become a top keyword among businesses in Vietnam. (Photo: vietq.vn)
Hanoi (VNS/VNA) - Vietnamesebusinesses have made important strides in the digital transformation journey,but they also need to overcome challenges and difficulties in order to perfectand take advantage of opportunities from digital transformation.

Digital transformation has recently become atop keyword among businesses in Vietnam.

Accordingly, the need for digital transformationbecomes urgent for businesses to innovate models, gradually shift businessactivities on digital platforms, find more markets, cut costs and improveoperational efficiency, competitiveness, and adaptability to new contexts.

The COVID-19 pandemic and the development ofIndustry 4.0 has created opportunities and spurred businesses to completedigital transformation and improve productivity and production efficiency, saidNguyen Tan Minh, Deputy General Director of GMO-Z.com Runsystem Joint StockCompany.

However, digital transformation in businesses inVietnam was still in the early stages, depending on the size and industry, andthere had been many challenges that need to be solved, said Minh.

Most businesses were just at the start-up stage,and there were even businesses that are still outside the digital economy, henoted.

Only a few large enterprises and corporationshad had made real progress and development in the digital transformation, saidMinh.

The annual report on enterprise digitaltransformation 2022 showed that up to 48.8% of businesses had worked towardsdigital transformation but were no longer using it because the solution was notsuitable or was no longer suitable in the current context of the business.

Sharing with Tap chi Kinh te Vietnam (VnEconomy- Vietnam Economic Times) about the current state of digital transformation ofbusinesses, Tran Tuan Anh, business consulting director in the South ofBase.vn, said that the actual number of businesses which did not succeed indigital transformation were up to 70%, or even more.

The figure of more than 48% did not seempositive but reflected reality, he said.

However, this number also showed that thesituation of digital transformation in enterprises had been much better thanbefore, he added.

Digital transformation was a long journey andmost Vietnamese businesses were still in the early stages of digitisation, saidAnh.

At this stage, new software technology helpedbusiness divisions and departments to interact and operate effectivelyremotely, he said.

During the pandemic, technology had played thisrole well. When the pandemic was over, businesses no longer needed to operateremotely. Enterprises tended to look back at the costs they have had spent tobuy software and found it no longer appropriate, he added.

As they were just stopping at the digitisationstep and had not yet realised the effects of dataisation and optimisation, saidAnh./.
VNA

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