As data emerges as a critical production resource, businesses must build a flexible infrastructure for data storage and processing while fostering a workforce proficient in data management. This strategic move will pave the way for long-term prosperity and sustainability.
Opportunities for Growth in the New Era
Vietnam is on the brink of a new era - an era of national advancement driven by digital production methods. This transformation is characterized by the harmonious integration of human intelligence and artificial intelligence (AI), positioning data as a vital asset and production material. Consequently, production relations are undergoing profound changes, particularly in the ownership and distribution of digital production resources.
Resolution No. 57-NQ/TW, issued on December 22, 2024, underscores investment in science, technology, and innovation as a long-term commitment, recognizing data as a new resource and production material.
Vietnam currently ranks 48th among 60 countries with the fastest digital transformation and 22nd in digital development growth, according to the Global Business Center at Tufts University (USA). This shift is significantly reshaping business models across Vietnamese enterprises.
Experts assert that in this new era of national development, businesses are presented with unprecedented opportunities for expansion, yet they also face unparalleled challenges.
Technology serves as a gateway for Vietnamese enterprises to integrate into the global value chain. The synergy between human creativity and AI-driven data processing will enable businesses to achieve superior outcomes, optimize costs, enhance production efficiency, and develop innovative business models.
However, enterprises must navigate inherent challenges, such as limited capital and human resources for digital economic development, as well as external factors, including regulatory policies, institutional frameworks, climate change, and geopolitical fluctuations.
Experts emphasize that proactive investment in technological infrastructure—from cloud computing to AI applications, data development, leadership transformation, and adaptability—will establish a solid foundation for enterprises to achieve prosperity and sustainability.
As history has shown, the average lifespan of the world's top 500 companies has decreased from 60 years to just 15 years. Without adaptation, innovation, and evolution, even the most established corporations risk obsolescence. More importantly, the opportunity for growth is available to those who dare to embrace change and adopt a 'rethink, redesign, and rebuild' mindset, stated Dr. Vo Tri Thanh in an article published in VietnamFinance.
Pioneering the Wave of Innovation
The evolving landscape is catalyzing innovation across Vietnamese enterprises, from major private economic conglomerates to small and medium-sized businesses.
ROX Group (formerly TNG Holdings Vietnam) exemplifies this trend. Since 2018, the Group's leadership has allocated substantial resources to IT projects to enhance technological applications across operations. A total of 56 technology projects have been implemented, with the majority successfully deployed, yielding significant results. The company has established a Digital Transformation Committee and Data Management Centers, steadily advancing its digital maturity.
At the ROX Up 2025 Business Conference, ROX Group and its subsidiaries showcased impressive data-driven demonstrations featuring the virtual assistant Effi and automated data extraction reports.
The automation of data reporting reflects the Group's growing data maturity and improved management capabilities.
During the panel discussion Reliable Reporting: Challenges and Solutions at the ROX Up 2025 Business Conference, TNTech's CEO emphasized, Data is like oil - if not extracted, it remains underground forever. Properly structured and analyzed data serves as a powerful tool for business operations and management.
By leveraging its established systems, ROX Group is optimizing business operations through real-time data monitoring, quantitative evaluations, data-driven decision-making, and measurable outcomes recorded on a daily, weekly, and monthly basis.
To further harness the potential of data as a growth-driving resource, the ROX Group Board of Directors plans to continue investing in technology projects throughout 2025.
Resolution No. 57-NQ/TW is widely recognized by experts as an action-oriented resolution that lays the groundwork for regulatory advancements to accelerate the digital economy. In this transformative journey, businesses play a pivotal role as the driving force of the science, technology, and innovation ecosystem. Leading enterprises with strong financial capabilities, technological expertise, and robust infrastructure - such as ROX Group - are poised to be pioneers, working alongside the government in this new era of national advancement.