Empowering Vietnamese firms with digital transformation
In response to the growing demand of digital transformation and smart production, the Ministry of Industry and Trade has implemented harmonious measures to support domestic businesses in navigating the fourth industrial revolution.
At a recent forum on digital transformation towards smart production (Photo: congthuong.vn)
Hanoi (VNA) – In response to the growing demand of digital transformation and smart production, the Ministry of Industry and Trade has implemented harmonious measures to support domestic businesses in navigating the fourth industrial revolution.
The ministry has actively collaborated with multinational corporations and major foreign direct investment (FDI) firms to enhance the competitive capacity of Vietnamese companies. These support programmes have focused on production improvement, workforce development, digital transformation, and smart factory development, helping local businesses expand their international reach.
At a recent forum on digital transformation towards smart production, Director of the ministry’s Industrial Development Support Centre Chu Viet Cuong said that the centre’s partnerships with such leading FDI firms as Samsung and Toyota aim at assisting domestic companies to apply digital transformation into production and develop smart factory models while creating databases to facilitate knowledge sharing among the enterprises.
The digital transformation journey has yielded significant outcomes. Hanel PT, for instance, reported a 300% growth in revenue after investing in automation since 2017. The company has already increased its automation rate to 60% and aims to reach 80% to meet smart production standards.
With a view to promoting digital transformation, the ministry commits to completing legal framework and stepping up support for the firms with training courses, consultations, and financial incentives to be rolled out in the coming time.
According to Cuong, the ministry will issue a support programme for industrial production towards the development of smart factories by 2030 and continue training technical teams to raise enterprises’ awareness of digital transformation. Besides, competent branches, sectors, and localities will work to reduce administrative procedures, facilitating the firms’ technology adoption.
He said industry associations are encouraged to serve as a bridge that enables enterprises to engage in knowledge exchange regarding digital transformation and the implementation of the smart factory management models./.
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