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Advantages in digital conversion in Vietnam
Taking these advantages will help Vietnam move faster in the process of digital transformation, with GDP forecast to increase by 3,750 trillion VND in the next 20 years, growing by 1.3% per year.

Taking advantage of these advantages will help Vietnam advance faster in the process of digital transformation. Photo illustration.

Digital transformation is understood as the process of changing the traditional business model to digital enterprise by applying new technologies, especially information technology, to change the way of operating, working processes, and culture company. The forecast of Cameron Organization (USA) shows that, if the best scenario happens, Vietnam will carry out digital transformation across industries and export IT and communication products and services, GDP may increase by  3,750 trillion VND in the next 20 years, increasing by 1.3% per year.

Share on the above issue, Dr. Pham Sy Thanh, Director of the Mekong-China Strategic Studies Program (MCSS), said that the digital economy is actually a playground for active entities. The history of the world economy has experienced many playgrounds, each playground with its own technology core. The playground is becoming more and more clearly seen than the playground of digital economy with two core elements: Internet and data, in which data must be gathered and analyzed to make business decisions create economic behaviors.

Assessing the advantages of digital transformation in Vietnam, Mr. Trinh Minh Giang, Chairman of Venture Management Consulting Group, co-founder of Strategy Academy said that Vietnam entered a digital era as the number of young population access and connect on the Internet soon; the fierceness of the Government, the units expressed through events, workshops showed a change in awareness. Therefore, Vietnam can fully think of converting digital from top to bottom and can immediately use existing things, without necessarily creating new technologies immediately.

According to the evaluation of some member businesses, such as Apple or Google, Vietnam ranks first in Southeast Asia in terms of writing applications sold on app stores on Android or IOS platforms. Vietnam market is also highly appreciated in the region in terms of human resources in which market can download the most applications  on the transaction platform.

Currently, Vietnam is also a bright spot in Southeast Asia when the level of technology access, adaptation to technology of the people is high, contributing significantly to the growth of platforms, such as Facebook and Google in the region.

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