Vietnam has set a target to achieve a contribution of 20% to the GDP from the digital economy by 2025. (Photo: VNA) Specifically, Viettel Group, for example, has announced that the total revenuereached 163 trillion VND, with pre-tax profit exceeding 43 trillion VND. Thesenumbers represent a growth rate of 6% and 3% respectively compared to theprevious year, marking the highest profit level for the group in the past fiveyears.
The Phu Nhuan Jewelry Joint Stock Company (PNJ) achieved a net revenue of 33,876billion VND in 2022, a substantial increase of 73% compared to the same period.Sacombank also reported a pre-tax profit of over 6.3 trillion VND, showing asignificant increase of 142%.
Businesses in Vietnam and around the world in general are making stronginvestments in technology, including automation on data platforms, analytics,and artificial intelligence. These investments have two main objectives - toincrease operational efficiency while reducing costs, and to enhance values andcustomers’ experiences.
Vietnam has set a target to achieve a contribution of 20% to the GDP from thedigital economy by 2025, and 30% by 2030.
However, during the process of digital transformation, businesses are facingbarriers such as the leadership's awareness and mindset towards digitaltransformation; negative attitudes of employees, group interests, fear ofmultitasking; or concerns about data loss and security, among others.
Such obstacles are evident in the cases of clients that are consulted bySyllog, a Singapore-based company that provides consulting services in digitaltransformation and technology implementation, from 2021 to 2023.
"The most important aspect of digital transformation for a company, inaddition to creating a culture of utilising data and automating processes on adata platform, is to establish a foundation and save resources for the companyto transition to the data analysis and artificial intelligence phase, enabledby a standardised data system" said Hanh Nguyen, co-founder of Syllog.
“When properly advised and implemented, digital transformation enablesbusinesses to unlock their potential, optimise resources, and achievesustainable development,” she added./.
VNA
