The Hanoi People’s Committee has issued a plan called “Supporting digital transformation for SMEs in the 2021-2025 period”, under which it will spend over VND300 billion ($12.6 million) on supporting digital transformation efforts at 90,000 small and medium-sized enterprises (SMEs) and new businesses. The plan sets out six tasks and solutions, including training in digital transformation and human resources development for SMEs.
According to the Ministry of Information and Communications, as of August 19, the SMEdx Program, which supports small and medium-sized enterprises (SMEs) with digital transformation, had about 379,865 such enterprises accessing and experiencing “Make in Vietnam” digital platforms.
The 2021 Provincial Competitiveness Index (PCI) survey from the Vietnam Chamber of Commerce and Industry (VCCI) shows that while the Law on Supporting SMEs (small and medium-sized enterprises) has been in place for more than four years, less than 8 per cent of such enterprises have actually received support, while 51.3 per cent are unaware the Law exists. Vietnam currently has 1.7 million micro and small enterprises, which is expected to increase to 2.4 million by 2030.