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Empowering Vietnam’s Digital Future

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The recent event brought together industry experts in Ho Chi Minh City to explore the transformative potential of new technologies on a global scale and to strategise measures that can empower enterprises to achieve breakthroughs and elevate their competitiveness.

Minister of Science and Technology Huynh Thanh Dat underscored the crucial role of technology in facilitating the transfer, application, and innovation necessary to boost productivity, elevate product quality, and bolster business competitiveness. Against the backdrop of new-generation free trade agreements and the sweeping impacts of the Fourth Industrial Revolution, Minister Dat emphasised that technological capability stands as a critical determinant for businesses aiming to produce goods and services that meet evolving market demands.

Acknowledging the pressures facing businesses in the current technological landscape, Minister Dat stressed the importance of systematic approaches to technology absorption and innovation. He urged enterprises to progressively advance towards technological autonomy and embrace green and sustainable technologies to align with global standards and enhance their market competitiveness.

Minister Dat reaffirmed the commitment of the Ministry of Science and Technology to collaborate closely with the Business Association of High-Quality Vietnamese Products. This collaboration aims to expand the association’s network, facilitate partnerships with international counterparts, and enable access to cutting-edge technologies that can elevate productivity and product quality across various sectors.

He called upon the association to strengthen linkages between domestic enterprises and global technology providers, fostering collaborative initiatives that drive innovation and improve overall competitiveness in Vietnamese industries.

The discussions at IIBF 2024 underscored Vietnam’s strategic vision to leverage technological advancements as a cornerstone for economic growth and global competitiveness. This forum marked a pivotal moment in shaping the future trajectory of Vietnam’s business landscape, highlighting the nation’s proactive stance in embracing innovation and digital transformation to propel its economy forward.

The keynote emphasised the critical necessity for businesses, irrespective of their sectors, to acknowledge the pervasive digital nature of their customer base. It stressed the importance of crafting business strategies that effectively engage customers in the digital era, thereby earning their trust and expanding market share.

Businesses and manufacturers were urged to judiciously select technologies that align with their strategic objectives, highlighting the need to calculate returns on investment amidst the abundance of emerging technological solutions.

In Vietnam, where 72.1 million people are active internet users, ranking 13th globally, the Government’s ambitious digital transformation agenda is poised to contribute significantly to the national GDP and drive forward the country’s digital economic development.

Vietnam showcases a burgeoning digital landscape with nearly 80% of its population online and a substantial mobile phone user base. The country hosts 64,000 digital technology firms and 1,500 businesses with international reach, highlighting its readiness for further digital expansion and economic integration.

However, Vietnam faces challenges in its IT infrastructure, which lags behind the requirements for emerging technologies like IoT and smart cities due to limited development in telecommunications and national data accessibility. Prime Minister Pham Minh Chinh has issued a directive to modernise information and communications infrastructure comprehensively, aiming to bridge digital divides, bolster cybersecurity, and foster socio-economic advancement.

Critical to the plan’s success is stakeholder collaboration, policy formulation for investment incentives, and the establishment of state-of-the-art data centres. The initiative also focuses on training 500,000 IT professionals by 2025 to meet growing digital demands, underscoring Vietnam’s commitment to achieving sustainable development through robust digital transformation efforts.

Macro technology trends are reshaping global industries, compelling businesses to integrate advanced technologies into their operations to drive transformative changes, enhance competitive advantages, and fortify their resilience against future challenges, as highlighted by industry experts.

Research findings underscore three pivotal trends that are shaping the evolution of the consumer goods industry towards digital maturity. These include leveraging data analytics to refine digital commerce strategies and enhance customer engagement.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com