Vietnam drafts digital transformation plan for businesses

At least 800 businesses, 100 cooperatives, and 4,000 business households in fields of manufacturing and processing, agriculture, tourism, are expected to become successful models in digital transformation by 2025.

VNPT introduces digitalization products to customers. Photo: Pham Hung

The Ministry of Planning and Investment (MPI) set out the target in its latest proposal on the national supporting program to aid businesses, cooperatives, and business households in the digitalization process in the 2021-2025 period, with funds allocated from the state budget and support from organizations or businesses taking part in the program.

According to the MPI, the program’s goal is to speed up the digital transformation in Vietnam amid a difficult economic environment due to the Covid-19 pandemic by raising the business community’s awareness of this process and supporting them to digitalize operation, corporate governance, and production procedures for greater competitiveness and capabilities.

By 2025, the program expects 100% of manufacturing facilities to be aware of the benefit of digital transformation, and 500,000 businesses to receive some sort of support from the program, including training, consultation, or applying solutions for digitalization.

To realize such goals, the program would set up a network of 500 organizations and individual experts to facilitate digital transformation in the business community, along with a database consisting of 100 technological solutions for digital transformation that would be available for businesses.

In addition, the MPI proposed the development and launch of a portal and smart app for digitalization to enhance engagement between parties in a cyber environment.

Enterprises seen as having high potential for digital transformation would be supported with 50% of consultation fees when requesting support from the network of digitalization experts.