{"id":11576,"date":"2021-03-15T14:32:39","date_gmt":"2021-03-15T07:32:39","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=11576"},"modified":"2021-06-04T16:09:24","modified_gmt":"2021-06-04T09:09:24","slug":"vietnams-digital-transformation-makes-a-busy-year-for-mergers-and-acquisitions","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnams-digital-transformation-makes-a-busy-year-for-mergers-and-acquisitions\/","title":{"rendered":"Vietnam&#8217;s digital transformation makes a busy year for mergers and acquisitions"},"content":{"rendered":"<p><span data-contrast=\"none\">Vietnam\u2019s digital economy is estimated to be worth USD43 billion by\u00a02025<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_11579\" aria-describedby=\"caption-attachment-11579\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-11579 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/03\/shutterstock_1665075400.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/03\/shutterstock_1665075400.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/03\/shutterstock_1665075400.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/03\/shutterstock_1665075400.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/03\/shutterstock_1665075400.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/03\/shutterstock_1665075400.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-11579\" class=\"wp-caption-text\">A digital economy would propel productivity and efficiency in the upcoming years. VietnamStockImages\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">As reported by <a href=\"https:\/\/vietnamnews.vn\/economy\/903913\/digital-transformation-expected-to-keep-viet-nam-m-a-market-humming.html\" target=\"_blank\" rel=\"noopener\">Vietnam News<\/a>, digital transformation in Vietnam is e<\/span><span data-contrast=\"none\">xpected to keep the mergers and acquisitions market busy <\/span><span data-contrast=\"none\">(particularly in technology)<\/span><span data-contrast=\"none\">, as\u00a0<\/span><span data-contrast=\"none\">Vin<\/span><span data-contrast=\"none\">group &#8212;<\/span><span data-contrast=\"none\"> the country\u2019s biggest conglomerates, led by <a href=\"https:\/\/www.asiapropertyawards.com\/en\/vingroups-pham-nhat-vuong-to-receive-propertyguru-asia-property-awards-real-estate-personality-of-the-year-title\/\" target=\"_blank\" rel=\"noopener\">2020 PropertyGuru Vietnam Real Estate Personality of the Year recipient<\/a>, Pham Nhat Vuong &#8212; sought to expand into the high-tech sector via the acquis<\/span><span data-contrast=\"none\">i<\/span><span data-contrast=\"none\">tion\u00a0<\/span><span data-contrast=\"none\">of state-of-the-art facilities. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The demand to fast track digital transformation <\/span><span data-contrast=\"none\">has induced many Vietnamese companies like\u00a0<\/span><span data-contrast=\"none\">Vingroup<\/span><span data-contrast=\"none\">\u00a0to acquire foreign companies instead of constructing technologies from scratch.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In June 2020, Prime Minister\u00a0<\/span><span data-contrast=\"none\">Nguy\u1ec5n Xu\u00e2n Ph\u00fac advocated the national digital transformation\u00a0<\/span><span data-contrast=\"none\">programme<\/span><span data-contrast=\"none\">\u00a0up until 2025.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Moreover, d<\/span><span data-contrast=\"none\">eputy minister of information and communications Nguy\u1ec5n Huy D\u0169ng <\/span><span data-contrast=\"none\">encouraged enterprises at a conference last December to speed up digital transformation as a solution for business growth.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">He persuaded each firm to outli<\/span><span data-contrast=\"none\">n<\/span><span data-contrast=\"none\">e its strategic pla<\/span><span data-contrast=\"none\">n<\/span><span data-contrast=\"none\">s,\u00a0<\/span><span data-contrast=\"none\">indicating<\/span><span data-contrast=\"none\">\u00a0that Vietnamese digital technology\u00a0<\/span><span data-contrast=\"none\">companies<\/span><span data-contrast=\"none\"> would be a key role in developing digital\u00a0<\/span><span data-contrast=\"none\">infrastructure<\/span><span data-contrast=\"none\">, platforms, services, and\u00a0<\/span><span data-contrast=\"none\">solutions<\/span><span data-contrast=\"none\">,\u00a0<\/span><span data-contrast=\"none\">mastering<\/span><span data-contrast=\"none\"> core technologies and <\/span><span data-contrast=\"none\">expanding<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">g<\/span><span data-contrast=\"none\">lobal reach.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Tr\u1ea7n<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">Th\u1ecd<\/span><span data-contrast=\"none\">\u00a0\u0110\u1ea1t, chairman of the National Economics University, mentioned that a digital economy would propel productivity and efficiency in the upcoming years, as well as motivate rapid improvement\u00a0i<\/span><span data-contrast=\"none\">n<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">labour<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">productivity<\/span><span data-contrast=\"none\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">He also added that\u00a0<\/span><span data-contrast=\"none\">digitisation<\/span><span data-contrast=\"none\">\u00a0is necessary for every sector, including real estate, ICT, manufacturing, banking, science and technology, finance, and\u00a0<\/span><span data-contrast=\"none\">insurance<\/span><span data-contrast=\"none\">.\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Ho\u00e0ng Vi\u1ec7t Anh, deputy general director of FPT in charge of digital transformation, said\u00a0<\/span><span data-contrast=\"none\">digitisation<\/span><span data-contrast=\"none\">\u00a0would carry on\u00a0<\/span><span data-contrast=\"none\">being<\/span><span data-contrast=\"none\">\u00a0an important trend post-pandemic.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cDuring the toughest and most challenging times, technology is the key to opening up opportunities for growth, optimising operations<\/span><span data-contrast=\"none\">, improving customer experience, and creating new business models,\u201d he said.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><strong><a href=\"https:\/\/www.asiapropertyawards.com\/en\/covid-19-triggers-digital-transformation-in-taipei\/\" target=\"_blank\" rel=\"noopener\">More: COVID-19 triggers digital transformation in Taipei<\/a><\/strong><\/p>\n<p><span data-contrast=\"none\">With the current environment, digital transformation would be critical in allowing companies to\u00a0<\/span><span data-contrast=\"none\">influence<\/span><span data-contrast=\"none\"> and shape new realities, he added. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">According to a report by Google and Temasek, Vietnam\u2019s digital economy is projected to be worth USD43 billion by 2025, with the fastest growth coming from e-commerce, online travel, online media, and ride-hailing.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The pandemic has also forced companies all around the world to\u00a0<\/span><span data-contrast=\"none\">prioritise<\/span><span data-contrast=\"none\">\u00a0digital transformation\u00a0in order to survive.\u00a0<\/span><span data-contrast=\"none\">Therefore, mergers and acquisitions are considered the fastest strategy as they would enable firms to surpass various technological disadvantages like the shortage of infrastructure.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vietnam\u2019s digital economy is estimated to be worth USD43 billion by\u00a02025\u00a0<\/p>\n","protected":false},"author":12,"featured_media":21075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[792,1135,1070,135],"class_list":["post-11576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-crown-group","tag-digital-transformation","tag-growth","tag-vietnam","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vietnam&#039;s digital transformation makes a busy year for mergers and acquisitions | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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