Specifically, Viettel Group, for example, has announced that the total revenue reached 163 trillion VND, with pre-tax profit exceeding 43 trillion VND. These numbers represent a growth rate of 6% and 3% respectively compared to the previous year, marking the highest profit level for the group in the past five years.

Vietnam has set a target to achieve a contribution of 20% to the GDP from the digital economy by 2025.

The Phu Nhuan Jewelry Joint Stock Company (PNJ) achieved a net revenue of 33,876 billion 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 a significant increase of 142%.

Businesses in Vietnam and around the world in general are making strong investments in technology, including automation on data platforms, analytics, and artificial intelligence. These investments have two main objectives - to increase operational efficiency while reducing costs, and to enhance values and customers’ experiences.

Vietnam has set a target to achieve a contribution of 20% to the GDP from the digital economy by 2025, and 30% by 2030.

However, during the process of digital transformation, businesses are facing barriers such as the leadership's awareness and mindset towards digital transformation; negative attitudes of employees, group interests, fear of multitasking; or concerns about data loss and security, among others.

Such obstacles are evident in the cases of clients that are consulted by Syllog, a Singapore-based company that provides consulting services in digital transformation and technology implementation, from 2021 to 2023.

"The most important aspect of digital transformation for a company, in addition to creating a culture of utilising data and automating processes on a data platform, is to establish a foundation and save resources for the company to transition to the data analysis and artificial intelligence phase, enabled by a standardised data system" said Hanh Nguyen, co-founder of Syllog.

“When properly advised and implemented, digital transformation enables businesses to unlock their potential, optimise resources, and achieve sustainable development,” she added.

Digital transformation week kicks off in Ho Chi Minh City

A digital transformation week kicked off in Ho Chi Minh City on October 17 under the theme ‘Digital data mining, successful digital transformation’.

Bac Giang strives for comprehensive digital transformation

BAC GIANG - With the continuous efforts of the entire political system, people, and businesses, Bac Giang has implemented comprehensive digital transformation with high determination and a specific roadmap, obtaining many outstanding achievements. This is clearly shown through the rankings of the 2022 indexes announced in 2023.

Bac Giang effectively exploits digital data focusing on users

BAC GIANG - On the morning of October 10, the People's Committee of Bac Giang province (PPC) organized the Digital Transformation Day of Bac Giang province in 2023 with the theme "Exploiting digital data to create value".

Customs sector urged to pioneer in digital transformation

The customs sector should be one of the pioneering industries in promoting the application of science and technology, and digital transformation, Deputy Prime Minister Tran Luu Quang said at the opening ceremony of the Technology Conference and Exhibition of the World Customs Organisation (WCO) in Hanoi on October 10.

Vietnam aims to achieve dual target in digital transformation: PM

The Government of Vietnam is determined to achieve the dual goal of developing a digital government, digital economy, digital society, and forming digital technology enterprises with global competitiveness, Prime Minister Pham Minh Chinh said at an event held in Hanoi on October 10 to mark the National Digital Transformation Day 2023 with the theme "Exploiting digital data to create values".

Source: VNA