The 13th Mekong–Republic of Korea (RoK) Business Forum opened in Ho Chi Minh City on September 15, centring discussions on digitalisation and innovation as drivers of transformation and cooperation.

In an era shaped by intense globalisation and the strong impact of the Fourth Industrial Revolution, Vietnam’s private sector is feeling the heat to reinvent itself. Digitalisation and green transition are no longer optional strategies, but they are make-or-break moves for companies to stay competitive.

Hanoi is taking steps to speed up digitalisation in the tourism sector to meet the changing demand of tourists and increase their digital experience.

Vietnam’s economic growth is predicted to expand by about 6.5% this year based on numerous potentials, significant foreign direct investment, and ongoing efforts to improve the business environment and infrastructure.

The average annual growth in the number of transactions via QR code has reached 471.13% since the payment method's introduction in 2018, 77.41% of the Vietnamese adult population possess payment accounts with commercial banks reporting over 90% of all transactions conducted through digital channels, with some banks achieving a rate of up to 98%.

Training facilities and research institutes of Ho Chi Minh City hope to strengthen cooperation with Osaka Metropolitan University of Japan in technology research and transfer, and improving the quality of human resources, especially in healthcare, digitalisation and supporting technology, said Duong Anh Duc, vice chairman of the municipal People's Committee.

Companies in Vietnam ranked higher than the global average in taking a strategic, consistent or radical approach to digitalising customer experience and engagement, said Singapore-based financial services group DBS.

Companies in Vietnam ranked higher than the global average in taking a strategic, consistent or radical approach to digitalising customer experience and engagement, said Singapore-based financial services group DBS.

Vietnamese small business owners overwhelmingly expect to grow in 2023, with a new survey showing they are the most confident in their local economy across the surveyed markets in the Asia-Pacific.

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).