Vietnam speeds up digital transformation

There are now around 64,000 digital technology companies in Vietnam, after 5,600 new companies were established in 2021.
By: | January 5, 2022
Topics: Digital Transformation | News | Restructuring | Vietnam

64,000 digital technology companies are now employing more than one million employees in Vietnam, after about 5,600 such companies were established in 2021, reported the Ministry of Information and Communications.

According to Nguyen Thanh Tuyen, Deputy Director of the Information Technology Department under the Ministry of Information and Communications (MIC), the pandemic accelerated digital transformation in the country, with many digital enterprises shifting from doing contracted work for foreign brands to developing Industry 4.0 products.

These companies, said Nguyen, have played a big part in building e-Government and national digital platforms, as well as boosting the digital economy.

In 2021, Vietnam’s Ministry of Planning and Investment launched a digital transformation programme that is designed to help businesses speed up their digital transformation through changes in the awareness, mindset, and strategies of enterprises, as well as to provide them with incentives to digitalise their business, administration, and production activities from 2021 to 2025. 

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The programme aims to improve digital transformation of all participating production facilities by 2025, with about 500,000 of them receiving assistance from the programme like training, consultancy and access to digital solutions.