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On August 20, 2020, the Hanoi Association of Small and Medium Enterprises (HANOISME) collaborated with an accredited technology firm to organize a webinar on the critical role of digital transformation for business post-COVID-19 pandemic.
At the event, Mac Quoc Anh, Secretary-General cum Vice President of HANOISME, said the national digital transformation program sets out to increase the total number of digital transformation enterprises from 50,000 to 100,000 within the period of the next five years. He also emphasized that digital transformation is the only way for enterprises to develop sustainably and consolidate their grounds in the playing field with the most economical costs.
Also speaking at the event, Nguyen Xuan Phu, Vice Chairman of HANOISME, said firms plan to operate on a large, widespread scale should focus significantly on embracing digital transformation. Only digital tools can help executives and managers operate departments and branches effectively and efficiently in a synchronous manner. In the digital age, people use cellphones for an average of 8-10 hours a day, thus requiring businesses to create data links on different platforms to assert dominance for sustainable development.
According to a report by the market research company International Data Corporation (IDC) on the importance of digital transformation, 90% of businesses are interested in digital transformation, with 30% viewed it as a critical issue. Nevertheless, not all businesses understand correctly and apply digital transformation to their own scale or field of business.
In spite of acknowledging the important role of digital transformation, there are still many barriers hampering such progress. Small and medium-sized enterprises find it challenging to deploy complex solutions due to their limited resources and untrained staff. Whereas, larger enterprises also find foreign solutions too cumbersome and expensive yielding a low success rate (25-30%) or they have to seek out different solutions provided by many suppliers, thus undermining synchronous and linkage among departments.
Data compiled by the Business Registration Management Agency (under the Ministry of Planning and Investment) show that in the first seven months of this year, nearly 63,500 enterprises have withdrawn from the market, up nearly 11% over the same period last year, reflecting the negative impact of the Covid-19 pandemic.
Source: Vietnam Economic News
About us: TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,500 engineers.
Visit us at TMA Solutions | Leading Vietnam Software Outsourcing company
At the event, Mac Quoc Anh, Secretary-General cum Vice President of HANOISME, said the national digital transformation program sets out to increase the total number of digital transformation enterprises from 50,000 to 100,000 within the period of the next five years. He also emphasized that digital transformation is the only way for enterprises to develop sustainably and consolidate their grounds in the playing field with the most economical costs.
Also speaking at the event, Nguyen Xuan Phu, Vice Chairman of HANOISME, said firms plan to operate on a large, widespread scale should focus significantly on embracing digital transformation. Only digital tools can help executives and managers operate departments and branches effectively and efficiently in a synchronous manner. In the digital age, people use cellphones for an average of 8-10 hours a day, thus requiring businesses to create data links on different platforms to assert dominance for sustainable development.
Digital transformation in business operations plays a critical role so as to effectively respond to crises and minimize external impacts. (Photo: Devprojournal)
Obstacles to digitization
According to a report by the market research company International Data Corporation (IDC) on the importance of digital transformation, 90% of businesses are interested in digital transformation, with 30% viewed it as a critical issue. Nevertheless, not all businesses understand correctly and apply digital transformation to their own scale or field of business.
In spite of acknowledging the important role of digital transformation, there are still many barriers hampering such progress. Small and medium-sized enterprises find it challenging to deploy complex solutions due to their limited resources and untrained staff. Whereas, larger enterprises also find foreign solutions too cumbersome and expensive yielding a low success rate (25-30%) or they have to seek out different solutions provided by many suppliers, thus undermining synchronous and linkage among departments.
Data compiled by the Business Registration Management Agency (under the Ministry of Planning and Investment) show that in the first seven months of this year, nearly 63,500 enterprises have withdrawn from the market, up nearly 11% over the same period last year, reflecting the negative impact of the Covid-19 pandemic.
Source: Vietnam Economic News
About us: TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,500 engineers.
Visit us at TMA Solutions | Leading Vietnam Software Outsourcing company
