Digital adoption and IT modernisation can unlock significant value for Vietnamese businesses. Here\u2019s how to do it right.<\/p>\n
\u201cThe future of Vietnam will be changed dramatically by digital transformation.\u201d From Nguyen Duc Thanh, Director, Vietnam Institute for Economic and Policy Research, VNU University of Economics and Business, in Vietnam\u2019s Future Digital Economy \u2013 Towards 2030 and 2045<\/em><\/p>\n Explosive potential. It\u2019s an apt summary of the Vietnamese economy. A combination of reforms, government initiatives around Industry 4.0, relatively low labour costs, and geographic advantages, among others, have positioned Vietnam well to continue its trajectory of growth, and attract investment to its economy.<\/p>\n In order to maximise this opportunity, and for Vietnamese companies\u201498% of which are SMEs\u2014to attain their full potential, businesses need to transform digitally and modernise.<\/p>\n This process will benefit them in numerous ways, including achieving higher levels of productivity, efficiency, and cost-optimization; improving business visibility, agility, and customer experience; and speeding up decision-making, and time-to-market. The cumulative result? Higher revenues, profitability and customer experience.<\/p>\n But for many Vietnamese companies this journey can be challenging. This is why, according to a survey by the Vietnamese Ministry of Industry and Trade, \u201c16 out of 17 industries have low level of readiness for engagement in digital transformation\u2026and over 80% of enterprises have just started to understand digital transformation.\u201d<\/p>\n Key challenges include less-than-optimal productivity, high-costs stemming from inefficiencies, and a shortage of in-house technology skillsets.<\/p>\n 48%<\/strong> Of Vietnamese SMEs are in the red.<\/p>\n Source: Vietnam Economic Times<\/p>\n 2x<\/strong> At 68 days, Vietnam\u2019s cash-to-cash cycle is two times or more higher than most regional and global peers.<\/p>\n Source: PWC<\/p>\n 16.8% <\/strong>The cost of logistics operations in Vietnam is high, compared to 12.5% in Asia Pacific.<\/p>\n Source: Vietnam\u2019s Future Digital Economy \u2013 Towards 2030 and 2045<\/p>\n Key to the answer is leveraging the cloud. By cloud-enabling their organisations, Vietnamese IT leaders can supercharge their business\u2019 ability to scale, advance swiftly, and be more cost-efficient, innovative, and secure. For many companies, this strategy necessitates moving Windows workloads to the cloud. This transition raises a number of questions in the minds of IT leadership including: What\u2019s the business case for transitioning Windows to the cloud? Which cloud should we move to? How do I judge which is the best partner to make the journey with?<\/p>\nVietnam\u2019s Path to Growth and Profits is Digital<\/strong><\/h3>\n
The Cloud Upside for Vietnamese Businesses <\/strong><\/h3>\n
How can Vietnamese IT leaders help accelerate this transformation?<\/strong><\/h3>\n