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NEW TRENDS IN DIGITAL TRANSFORMATION FOR BUSINESSES

NEWS 1

NEW TRENDS IN DIGITAL TRANSFORMATION FOR BUSINESSES

          The process of digital transformation, applying modern management technology, has brought about business efficiency in production, enhanced the connection value between industries and the overall economy of the country, and increased competitiveness. Recognizing this issue, businesses in various sectors have actively implemented digital transformation. For example, in the textile industry, by 2023, 100 enterprises had implemented digital transformation in their production processes; for the processing and manufacturing industry, smaller enterprises tend to have the ability to transition more quickly. This helps many businesses to have a strategic direction and adapt to changes in the environment.

The image: General Electric factory in Hai Phong

Many new technologies are being applied in the digital transformation process, bringing about significant changes in how businesses operate. For example, industrial enterprises can integrate technologies such as AI, machine learning and production automation, and business management. For agricultural businesses, the use of IoT sensors to collect data on weather, soil, and crops, combined with Big Data and Analytics, automates tracking, analysis, and alerts to increase productivity, reduce risks, and minimize resource waste.

Prominent in the industrial sector is the General Electric factory in Hai Phong, where modern management software is applied, statistics are compiled to help engineers understand system operations, resulting in a 25% increase in efficiency and a 15% increase in productivity. In agriculture, notable examples of applying technologies for disease monitoring, consumption, and source tracing include TH True Milk Group and Vinamilk Company.

Source: Huong Diu

(https://haiquanonline.com.vn/nhung-xu-huong-moi-de-chuyen-doi-so-trong-doanh-nghiep-185740-185740.html

 

NEWS 2

PROCESSING AND MANUFACTURING INDUSTRY INCREASED 6.3% IN 4 MONTHS

The report on industrial production and commercial activities in April and the first 4 months of 2024 shows that industrial production is positive when the industrial production index is estimated to increase by 0.8% over the previous month and increase by 6.3% over the same period last year. Of which, the processing and manufacturing industry increased by 7.0%; Electricity production and distribution increased by 11.3%; water supply, waste and wastewater management and treatment activities increased by 6.6% over the same period last year.

 

Image: Production activities of the enterprise. Photo source: N.Linh

In the first 4 months of the year, there were 54 localities whose industrial production index increased compared to the same period last year and only 9 localities decreased compared to the same period last year. Industrial production indexes of a number of secondary industries increased compared to the same period last year such as: production of rubber and plastic products, production of electrical equipment, production of chemicals and chemical products, manufacturing beds, cabinets, mining metal ores,... Meanwhile, in the opposite direction, the IIP of some industries decreased: repair, maintenance and installation of machinery, exploitation of crude oil and natural gas , production of transport vehicles decreased.

Source: Ngoc Linh

(https://haiquanonline.com.vn/nganh-cong-nghiep-che-bien-che-tao-tang-63-trong-4-thang-185911.html)

 

 

International Economics Faculty

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