HCM City (VNA), Oct. 21 -- Digital transformation is not only a trend but also essential for businesses to thrive as the fourth industrial revolution (4IR) has boomed globally, heard at a conference held in Ho Chi Minh City on October 20.

The conference titled "Vietnam Economic Forecasts in the Context of Digital Economy and New Trends - Adaptation and Business Process Transformation" was organised by PTI Education and Training.

The 4IR today is no longer a phenomenon in a few countries or areas but having direct impact on economic development on a global scale, said former Director of the Vietnam Institute of Economics Tran Dinh Thien.

The further Vietnam integrates into the global economy, the greater effect the global digital econom...