AIINEWS

AIINEWS

Global intelligence on artificial intelligence and computing

1 million digital transformation businesses will create a market for Vietnamese digital products

AIINEWS Editorial Board•technology
23 October, 2026•6 min read
1 million digital transformation businesses will create a market for Vietnamese digital products

Executive Briefing

Synthesized and verified with gemini-2.0-flash-thinking-exp

“**VCCI must convert digitally before calling on businesses to participate** On the afternoon of Jul”

Key Takeaways

  • 1.**VCCI must convert digitally before calling on businesses to participate** On the afternoon of July 30, Minister of Information and Communications Nguyen Manh Hung and President of the Vietnam Confederation of Commerce and Industry (VCCI) Pham Tan Cong signed a Cooperation Agreement on supporting investment and trade promotion of Make in Viet Nam digital technology products to serve digital transformation, development of digital economy and digital society in the period 2024-2026, vision 2030.
  • 2.Wanting the ceremony to take place in a compact spirit, Minister Nguyen Manh Hung did not prepare a speech.
  • 3.However, in response to the concerns of the leaders of the Vietnam Federation of Commerce and Industry, immediately after the signing ceremony, the head of the Ministry of Information and Communications had a dialogue with Mr.

VCCI must convert digitally before calling on businesses to participate

On the afternoon of July 30, Minister of Information and Communications Nguyen Manh Hung and President of the Vietnam Confederation of Commerce and Industry (VCCI) Pham Tan Cong signed a Cooperation Agreement on supporting investment and trade promotion of Make in Viet Nam digital technology products to serve digital transformation, development of digital economy and digital society in the period 2024-2026, vision 2030.

Wanting the ceremony to take place in a compact spirit, Minister Nguyen Manh Hung did not prepare a speech. However, in response to the concerns of the leaders of the Vietnam Federation of Commerce and Industry, immediately after the signing ceremony, the head of the Ministry of Information and Communications had a dialogue with Mr. Pham Tan Cong - Chairman of the Vietnam Confederation of Commerce and Industry (VCCI) to suggest ways to do and digitally transform Vietnamese businesses.

According to Minister Nguyen Manh Hung, the National digital transformation program has entered its 5th year. From 4 years of implementation experience, the Ministry of Information and Communications has drawn and realized that, in order to digitally transform, the first thing to do is for the head of the organization or business to issue regulations, forcing employees to input their work into the digital environment.

Once all information has been digitized, the person in charge of the organization or business only needs to make a request. Processing the data will then be the role of Vietnamese digital technology businesses, through technologies such as AI. If you can do so, digital transformation is not a difficult task, but can be done with just an administrative decision.

Minister Nguyen Manh Hung said that the most important digital transformation is the word "transformation". Only the leader has enough prestige and authority to change habits and ways of working, and has enough power to mobilize resources and costs to carry out the transformation process. This also makes digital transformation easier when depending on only one person.

"Mr. Cong must convert digital first in VCCI, know what it is, experience and feel it, before calling on Vietnamese businesses to transform digitally. To successfully transform digitally, the leader must really want to do it, directly do it and directly use it, and be proficient in using it", the Minister emphasized.

If VCCI declares digital transformation and implements it successfully, this will create inspiration and confidence for Vietnamese associations and businesses. The Ministry of Information and Communications will help the Vietnam Federation of Commerce and Industry with comprehensive digital transformation in 3 months.

After the Vietnam Federation of Commerce and Industry successfully converts digitally, the Ministry of Information and Communications and VCCI will officially implement the just signed agreement, calling on 1 million Vietnamese businesses to convert digitally, thereby creating a market for Vietnamese digital technology businesses.

According to Mr. Pham Tan Cong, VCCI is clearly aware that digital transformation is an opportunity for economic growth and business development. For technology businesses, digital transformation is the market, while for other businesses, this is a matter of improving competitiveness and economic efficiency.

"I really want and believe that I wanted to convert digitally many years ago, but I'm still struggling because there are old problems that haven't been resolved, because of the stories behind it, because of awareness, and I'm afraid of many things", VCCI President worried.

With the enthusiastic sharing of Minister Nguyen Manh Hung, head of the Vietnam Federation of Trade and Industry, he said he feels more secure and knows where to start to make digital transformation. During its 60-year history, VCCI has always possessed a pioneering spirit. Therefore, VCCI President affirmed that VCCI people dare to do, dare to pioneer and dare to digitally transform.

Ministry of Information and Communications and VCCI join hands to support Vietnamese digital industry enterprises

According to the cooperation agreement, the Ministry of Information and Communications will advise and support the development of digital transformation strategies, plans and programs for the Vietnam Federation of Commerce and Industry. VCCI will propose solutions, environments, and policies to create and support the market for Vietnamese digital technology businesses.

According to Mr. Nguyen Khac Lich, Director of the Department of Information and Communications Industry (Ministry of Information and Communications), the content of the cooperation agreement also includes support for trade promotion, investment in Make in Viet Nam digital technology products, solutions and services to serve digital transformation, develop the digital economy and digital society with the domestic market.

Periodically every year, based on practical needs, the Ministry of Information and Communications will provide a list of typical Make in Vietnam digital technology solutions and services for VCCI to consult and choose to deploy.

VCCI will conduct investigations, surveys, and research the needs of member businesses for digital technology products, solutions, and services, transfer the results to the Ministry of Information and Communications for synthesis, and send Vietnamese digital technology businesses to research and design appropriate products and solutions.

The two sides will jointly propagate, disseminate and promote the policy of developing Vietnamese digital technology enterprises, Make in Vietnam digital technology products, solutions and services. Periodically every year, organize trade promotion events, forums, seminars to connect supply and demand, and introduce typical Vietnamese digital technology products to the business community.

VCCI will choose to order 10 typical Make in Vietnam digital technology products in 10 fields for pilot implementation to serve digital transformation.

According to an important content in the cooperation agreement, the Ministry of Information and Communications will gather a database of Vietnamese businesses doing business, providing digital technology solutions and services to foreign markets; Potential digital technology businesses wishing to invest abroad as a basis to coordinate with VCCI for support.

VCCI will help businesses register for intellectual property protection and technology transfer abroad; research, market surveys, connect and introduce trade partners, provide information, guidance, advice to businesses and trade and investment promotion activities.

At the event, Mr. Pham Tan Cong affirmed that the development and growth of Vietnamese digital technology enterprises is important, contributing to the implementation of the national digital transformation task.

Vietnamese digital technology businesses are also one of the important ethnic business groups that need to be promoted and supported in the context that the whole country is conducting national digital transformation, developing the digital economy and digital society.

“The Vietnam Federation of Commerce and Industry is ready to support Make in Vietnam digital technology products to enhance competitiveness, improve business efficiency, and meet the requirements of promoting digital transformation, developing digital economy and digital society”, VCCI President emphasized.

Content and editorial synthesis copyright by AIINEWS Editorial Board
Share this intelligence report:

Related Dispatches