Addressing the event, economist Dr. Vo Tri Thanh emphasised that in the constantly changing business landscape, local firms are facing numerous difficulties.
The enormous impact of typhoon Yagi that pounded Vietnam in early September has caused huge economic losses, affecting the country’s economic growth, said Dr. Thanh, adding that this is the period when enterprises are required to stand resilient and learn how to adapt to market changes.
Dr. Thanh pointed out that green and digital transformation, as well as economic restructuring, are crucial solutions for firms in the current context to accelerate growth.
Sharing this perspective, Dr. Nguyen Tri Hieu said that technology and artificial intelligence (AI) are exerting a greater impact on all economic sectors, meaning that local businesses are required to make good use of AI in production activities to reach their sustainable development goal.
Meanwhile, Nguyen Trung Kien, chairman of Vietnam - Singapore Investment Fund, advised firms to make timely changes through restructured management methods in order to cope with challenges in reality.
“If you feel something is abnormal or unstable, then it’s necessary to make a change. The stronger your foundation, the more effective your actions will be,” he reminded.
At the event, experts also recommended that local firms proactively and effectively take advantage of opportunities and devise solutions for the worst-case scenarios.
