According to the latest report by McKinsey Global Institute, AI has the potential to create economic value of $13 to $21 trillion per year worldwide by 2030. While large corporations are actively applying AI to optimize operations and enhance competitive advantage, the question is whether small and medium-sized enterprises can keep up with this race.

In Vietnam, the Government has set an ambitious target of digital economy reaching 30% of GDP by 2030, but the reality shows that the gap between ambition and reality is still quite large. While large enterprises have enough resources to invest in advanced technology, more than 600,000 small and medium enterprises, accounting for 97% of the total number of enterprises in the country, are facing significant challenges in the digital transformation journey.

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A recent survey by the Vietnam Association of Small and Medium Enterprises revealed some worrying figures. 68% of SMEs consider cost to be the biggest barrier to accessing modern technology solutions. Many business owners shared that traditional management software packages often cost from 50 to 200 million VND per year, a not small number for businesses with revenue of several billion VND.

The problem is not just about cost. In an era where people are considered the most valuable assets of a business, not having a modern talent management system is causing many businesses to miss out on growth opportunities. Studies show that businesses with good talent assessment and development systems often have a 40% higher employee retention rate and a 25% increase in productivity compared to businesses that rely solely on traditional management methods.

To illustrate, consider the story of Nguyen Tien Dung, a retail store owner in Ho Chi Minh City. With a team of only 20 employees, he had difficulty tracking performance and training, leading to a high turnover rate. After implementing an AI human resource management tool, his revenue increased by 30% in just 6 months, thanks to properly trained and motivated employees.

Recognizing these difficulties, many Vietnamese technology companies have begun to seek ways to bridge the gap. Among them, some companies have chosen a different approach by restructuring their business models to suit the financial capacity of small businesses. Instead of following the traditional annual subscription model, they have switched to a one-time investment model with significantly lower costs.

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Tanca platform attracts great interest from many small businesses

Tanca, one of the pioneers in this field, has just announced a program to support 1,000 businesses in digital transformation with an investment of only 2.8 million VND for lifetime use. The program not only provides an AI-integrated human resource management system but also includes a training platform with thousands of professional courses. According to a testimonial from Ms. Lan, a garment business owner in Hanoi : "Tanca has completely changed the way we manage our team. Low cost, easy to use, and results beyond expectations - my employees are now more dynamic than ever." According to the company representative, this is an effort to change the way technology is approached, helping small businesses access tools that were previously only available to large corporations.

Furthermore, in the context of the booming digital economy, experts predict that SMEs that adopt AI early will have a long-term competitive advantage, such as reducing operating costs by up to 20% and rapidly expanding the market through data analysis.

Initiatives like these are opening up new hope for hundreds of thousands of Vietnamese small businesses. When cost barriers are removed, digital transformation is no longer the privilege of large enterprises. This not only helps level the playing field but can also promote sustainable development of the entire economy. In the global digital transformation race, Vietnam needs the participation of all businesses, regardless of size, to be able to rise together in the digital age. If you are an SME owner, don't miss out - visit [https://tanca.io/blog/tanca-ho-tro-1000-doanh-nghiep-viet-nam-chuyen-doi-so] today to start your digital transformation journey!

Digital transformation of finance: Application of AI technology, accounting ethics, human resources Instead of replacing people, technology such as AI, big data, cloud computing or RPA will help financial experts reposition their roles: From performing technical tasks to strategic functions such as consulting, risk management and decision making.

Source: https://vietnamnet.vn/cuoc-dua-chuyen-doi-so-dn-nho-viet-nam-co-bi-bo-lai-phia-sau-2436156.html