Impacts of Digital Transformation on Manufacture in Vietnam

Abstract

Digital Transformation is becoming a common term in all economic and social sector, which is often understood as the process of changing from a traditional business model to a digital one by applying new technology such as Big Data, Internet of Things (IoT), Cloud computing (Cloud),... aiming to change the operating method, leadership, working process and company culture. Besides, market trends and consumer behavior are changing rapidly, all industrial sectors have to face enormous challenges and fierce competition, in which the manufacturing sector is not an exception. In the complicated context of the COVID-19 epidemic, the role of digital technology in production and business activities, become more significant than ever before due to limitation in transportation and logistics. In the brutal context of the epidemic, digital transformation is regarded as a "vaccine" for the economy. It is necessary to have a deep understand about the impacts of digital transformation on manufacture to suggest some solutions to promote socio-economic development, contributing to the fight against the epidemic and economic recovery.