About 600 small and medium-sized enterprises (SMEs) in Vietnam will get support in applying technological solutions to improve labour productivity and competitiveness as part of a project launched on Thursday by the World Bank (WB).

The project, which will be implemented by the WB in collaboration with Real-Time Analytics (RTA), a research consulting and technology development firm, aims to assist Vietnamese SMEs in the digital transformation process.

The project will focus on four contents including assessing the health of businesses to identify problems that cause a decrease in their performance and competitiveness; raising awareness of digital transformation and digital transformation strategies; applying technological solutions to help businesses digitise their operations; and measuring the effectiveness of digital transformation application.

There will be two digital transformation funding packages for Vietnamese SMEs, namely Digital Express and Digital Prime. Speaking at the launching ceremony for the project, Shawn Tan, a WB expert, said the project focuses on supplying a set of enterprise resource planning (ERP), allowing businesses to collect, store, manage and interpret administrative data from its operation.

Source: VOV5