Digital transformation essential for business in 4IR era (Vietnam Plus)

Former Minister of Trade Truong Dinh Tuyen (second, left) speaks at the conference in Ho Chi Minh City on October 20
Photo: VNA

Digital transformation is not only a trend but also essential for businesses to thrive as the fourth industrial revolution (4IR) has boomed globally, heard at a conference held in Ho Chi Minh City on October 20.

The conference titled “Vietnam Economic Forecasts in the Context of Digital Economy and New Trends – Adaptation and Business Process Transformation” was organised by PTI Education and Training.

The 4IR today is no longer a phenomenon in a few countries or areas but having direct impact on economic development on a global scale, said former Director of the Vietnam Institute of Economics Tran Dinh Thien.

The further Vietnam integrates into the global economy, the greater effect the global digital economy will have on Vietnamese enterprises. Therefore, in order to survive and thrive, domestic firms have no other choice but to quickly join the digital transformation or digitalise the business and management, Thien said.

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Vietnam Plus

21 October 2019

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