Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Vietnam, US Work to Digitise Vietnamese SMEs

The Enterprise Development Agency (EDA) under the Ministry of Planning and Investment (MPI) is coordinating with the United States Agency for International Development (USAID) to support small and medium enterprises (SMEs) in accelerating digital transformation and building capacity for broader access to finance.

Earlier this week, MPI and USAID jointly hosted a workshop called Empowering Small and Medium Enterprises Through Digital Transformation and Access to Finance. The event was set up through the USAID Linkages for Small and Medium Enterprises (LinkSME) project.

According to EDA Director, Le Manh Hung, SMEs are facing major obstacles to their post-COVID-19 recovery. Digital transformation and access to finance are prerequisites for SMEs to address new challenges, revive and expand business and production, and enhance competitiveness so as to sustainably engage in domestic and global supply chains.

Nearly 400,000 SMEs have been provided with access to guidebooks on digital transformation last year and the first half of 2022, an official stated. Over 600 firms have had their readiness evaluated and 100 have received in-depth consultation on the matter. Additionally, the EDA and LinkSME have jointly organised training courses on developing financial strategies for more than 500 SMEs, 14 of which were given advice on debt restructuring and access to approved loans worth up to US$ 5 million.

Two digital platforms have been developed to provide SMEs with tools, reports, and documents related to digital transformation and access to finance. The workshop also aimed to provide an opportunity for participating SMEs to share and discuss their needs and seek suitable solutions for digital transformation and access to finance through service providers, financial firms, and credit institutions.

The country is currently home to about 785,000 SMEs, which make up more than 98% of the total number of businesses. They create jobs for 70% of the country’s labourers and contribute about 50% of GDP. Data from the Department of Enterprise Management showed that country’s GDP could surge by US$30 billion if the country successfully digitally transforms its SMEs. Firms engaging in digital transformation have reported higher productivity and profits two-fold compared to their peers.

In May, the government of the northern province of Vinh Phuc launched a smart factory development project to train 100 Vietnamese experts and provide consultation to help 50 SMEs set up smart factories in 2022 and 2023. The project is expected to help S MEs improve the provision of supporting products and meet the production requirements of large corporations, gradually joining regional and global supply chains.

As reported by OpenGov Asia, consultants will be trained for 12 weeks to improve their knowledge and skills in setting up smart factories. The smart factory cooperation project is the latest programme in a series of innovative consulting activities for Vietnamese businesses and training experts to strengthen industry development activities. Through the application of emerging technologies in production and manufacturing, businesses can improve their productivity and product quality, and reduce production costs.

The project also aims to strengthen the connection between enterprises and local authorities, and between FDI enterprises and domestic investment enterprises. To ensure the effective implementation of the project, the Deputy Minister of Industry and Trade asked the region’s departments and agencies to formulate flexible supporting policies that encourage enterprises to participate in global supply chains. He proposed that the private partner develop specific training programmes suitable to the characteristics and conditions of participating enterprises.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.