Digital technology and e-commerce drive the economy

According to the Digital Economy Report 2024 compiled by the United Nations Conference on Trade and Development (UNCTAD) with data from more than 200 countries, about 60% of small and medium-sized enterprises have applied digital solutions to their business processes, an increase of 15% compared to 2022.

According to UNCTAC, about 60% of small and medium-sized enterprises have applied digital solutions to their business processes, an increase of 15% compared to 2022. (Source: nncn.edu.vn)

This is the lever to raise the total value of global e-commerce transactions in 2024 to an estimated 6.3 trillion USD, an increase of 17% compared to 2023.

Digital transformation is an inevitable trend

Digital technology is increasingly asserting its pivotal role in each country, becoming a powerful tool to support socio-economic development. For businesses, digitizing production and business activities is one of the top priorities to keep up with global trends and increase competitiveness in the market.

In the retail sector , businesses have applied digital technology to improve customer experience, notably diversifying payment methods such as QR code scanning, e-wallets, spending apps - accumulating points, etc.

In the medical field , since the Covid-19 pandemic, digital technology has shown its importance in remote diagnosis and examination, eliminating physical communication bottlenecks and travel difficulties. Up to now, advances in technology and digital are key factors for the development of the medical industry with a series of items such as: Electronic medical records, Vaccination portal, Health insurance and online payment, etc.

Digital transformation contributes to changing the face of the F&B industry . From the raw material supply stage, production units have affixed QR codes so that customers can trace the origin; storage facilities are managed and operated by specialized applications, saving human resources, time, and finance; even the processing stage is tested with artificial intelligence (AI) to help reduce preparation and production time, limiting food tasting.

Other sectors such as Banking, Entertainment, Insurance, Aviation , etc. are also not out of the trend. The proof is that a series of businesses have combined with technology solution providers to digitize customer care services and utilities.

In particular, in the Industrial Revolution 4.0, any business is shifting to promoting sales through digital platforms such as social networks and e-commerce platforms, marking the boom in online shopping.

Opportunities of digital technology and e-commerce

To make the most of opportunities from the digital economy, countries need to develop national strategies for the digital economy and implement digital skills training programs for the workforce, especially in traditional occupations.

Germany is one of the pioneering countries in digital transformation and high-tech manufacturing. Germany's digital transformation strategy focuses on supporting the startup community, building a network of digital hubs, each focusing on one or several specific technology areas, such as FinTech, Health Tech, Al, Smart City, Logistics, etc. to optimize resources and create strong innovation ecosystems.

In Asia, South Korea is among the leaders in digital transformation by promoting the development of smart factories and applying smart manufacturing technology. This country achieved high rankings such as World Digital Competitiveness ranked 6th, ICT Development Index ranked 2nd and Global Innovation Index ranked 10th.

In Vietnam alone, businesses are actively transforming digitally, bringing the proportion of the digital economy by 2024 to an estimated 18.3% of GDP, with a growth rate exceeding 20% ​​per year, 3 times higher than the GDP growth rate, the fastest in Southeast Asia.

Retail e-commerce revenue reached 25 billion USD, up about 20%. Vietnam is among the top 10 countries with the fastest e-commerce growth rate in the world. The annual growth rate of cashless payments increased by more than 50%, leading Southeast Asia.

Thus, digital transformation is not only an inevitable trend but also a fertile ground for technology companies to exploit and provide solutions for each business in need. To do this, technology companies need to demonstrate their capacity through exhibitions, promotions, and product introductions, which are also opportunities to reach potential customers.

Vietnam Expo accompanies businesses in the digital age

The prestigious annual trade promotion event - the 34th Vietnam International Trade Fair (Vietnam Expo 2025) will officially take place from April 2-5, 2025 at the ICE International Exhibition Center, 91 Tran Hung Dao, Hanoi.

This is the oldest trade fair in Vietnam since 1991, chaired by the Ministry of Industry and Trade of Vietnam, directed by the Trade Promotion Agency and organized by Vinexad Company.

The 34th Vietnam International Trade Fair is expected to gather about 500 businesses exhibiting at 550 booths. As a major festival of the industry and trade sector, the main exhibition sectors at Vietnam Expo 2025 include: International Pavilion; Vietnam Export Promotion & Investment Pavilion; Electronics, Machinery and Supporting Industry Zone; Digital Technology & E-commerce Zone; and Agricultural Products, Food & Beverage Zone.

Vietnam Expo 2025 is expected to gather about 500 businesses exhibiting at 550 booths. (Source: Vietnam Expo 2025)

With the goal of becoming a modern industrial country by 2030 and a developed, high-income country by 2045, Vietnam considers science, technology, and innovation as the golden key, a vital factor for development.

“Accompanying businesses in the digital age” will continue to be the main theme of Vietnam Expo 2025 with the expectation of bringing a breath of new technology to a trade promotion activity with the longest history in Vietnam, helping Vietnamese and international businesses not only “shake hands” to cooperate from traditional opportunities but also take advantage of and optimize technology platforms and solutions to enhance competitiveness, increase and create more valuable opportunities.

In particular, the Digital Technology & E-commerce Zone introduces optimal digital platforms and solutions and e-commerce for industries with the participation of big names such as: Odoo HK, ZOHO (Singapore), STS, Diginet (Vietnam), Amazon...

Not only attracting attention from the diversity of displayed industries and the quality of products and services of participating businesses, Vietnam Expo 2025 will implement activities connecting supply and demand, specialized seminars on green transformation and artificial intelligence with expected topics such as "Green transformation in goods production to promote exports to the European Union (EU)" in collaboration with the Vietnam Federation of Commerce and Industry (VCCI) or "Developing supply chains, applying artificial intelligence in cross-border exports" in collaboration with LITA Network.

The event is expected to welcome over 20,000 visitors and workers during the 4-day Exhibition.

Source: https://baoquocte.vn/cong-nghe-so-va-thuong-mai-dien-tu-dan-dat-nen-kinh-te-308377.html