Digital transformation for a more sustainable Vietnam

The report Breaking the Digital Frontier: Innovations Shaping Vietnam’s Transformation 2024 – 2025, released by Acclime Vietnam, UOB Vietnam, and AVV, explores Vietnam s digital economy and its path towards sustainable development. It emphasizes the importance of digital transformation and environmental, social, and governance (ESG) priorities in the global business community. The report highlights the intertwined nature of digital transformation and ESG in Vietnam, where digital advancements have already shown benefits in promoting environmental sustainability and improving wellbeing. The integration of digital transformation and ESG principles is seen as the new standard for responsible business conduct, as leveraging technology can enhance operational efficiency and facilitate the systematic incorporation of ESG considerations. The report also notes that Vietnam, ranked 78th among the most vulnerable countries to climate change, can benefit from digital transformation in mitigating the effects of climate change. Acclime Vietnam partner Vlad Savin stresses the need for a sustainable, interconnected perspective in the industry 4.0 advancement, as opposed to a silo viewpoint. This approach will enable investors in the digital economy to thrive and benefit from Vietnam s economic growth. The report concludes that digitalization and sustainability are not mutually exclusive but are deeply interconnected, driving long-term growth. In summary, the report underscores the critical role of digital transformation and ESG principles in Vietnam s sustainable development and low carbon emissions goals by 2050. It highlights the potential for digitalization to expedite progress, improve efficiency, and foster cross-sectoral coordination, ultimately benefiting investors and the country s economy.

Source: vir.com.vn
Published on 2024-09-16