Vietnam Plans Network to Aid Digital Transformation of SMEs

In News / June 28, 2022

This year, Vietnam intends to create a digital economic consulting network at the communal level to assist small and medium-sized enterprises (SMEs) in their digital transformations.

There are around 785,000 SMEs in Vietnam, accounting for nearly 98% of total registered businesses. SMEs contribute approximately 50% of Vietnam’s gross domestic product (GDP).

However, the COVID-19 epidemic has negatively impacted up to 90% of Vietnam’s SMEs, forcing 24% to halt operations.

Vietnam’s Ministry of Information and Communications plans to engage with 30 more Made-in-Vietnam digital platforms and 150,000 more enterprises, 15,000 of which have already received consultations.

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