COVID-19 forces SMEs to embark on digital transformation
Digital transformation is significant to Vietnamese small-and medium-sized enterprises (SMEs), especially amid the COVID-19 pandemic, heard a workshop on September 9.
VCCI Vice Chairman Hoang Quang Phong speaks at the workshop. (Photo: VNA)
Hanoi (VNA) – Digital transformation is significantto Vietnamese small-and medium-sized enterprises (SMEs), especially amid theCOVID-19 pandemic, heard a workshop on September 9.
Jointly held by the Vietnam Chamber of Commerce andIndustry (VCCI), Hewlett Packard Enterprise (HPE) Vietnam, and Elite TechnologyJSC, the online event brought together 300 enterprises nationwide.
It aims to help domestic SMEs draw up digitaltransformation frameworks, seek suitable solutions and optimise cutting-edgetechnologies to successfully embark on digital transformation.
The workshop is also expected to raise their competitivenessto join global value chains, adapt to the new situation and developsustainably.
VCCI Vice Chairman Hoang Quang Phong pointed outbarriers to local SMEs in digital transformation regarding digital skills andcapacity, IT infrastructure, and digital mindset.
He suggested them speed up digitalisation, focusing onpersonnel training, develop new products and services to meet market demand,closely cooperate with partners, and work to improve their competitiveness.
According to a survey conducted by the VCCI, more than87 percent of the 10,000 interviewed firms said they have been affected by theCOVID-19 pandemic.
The SMEs that accounted for 98 percent have been hardesthit due to limitations in workforce and market. Most of them have seen theirrevenue dropped from 50-90 percent, and many have to scale down or suspendtheir operations.
Therefore, the participants said, to maintain theiroperations and move forward, they need to seek new ways and speed updigitalisation./.
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VCCI Vice Chairman Hoang Quang Phong speaks at the workshop. (Photo: VNA) 
