Hanoi, Jan. 24 -- While digital transformation is expected to help businesses boost productivity, cut costs and enhance competitiveness, for many small firms, digitalisation is driven more by regulatory compliance pressures than by their strategies.
Over the past two years, amid the drive for administrative procedure reforms and digital government, businesses have been striving to satisfy a series of digitalisation requirements such as applying electronic invoices, digital signatures, electronic tax declaration and payment, labour reporting, social insurance, and data connection with regulatory agencies.
For large businesses with well-structured governance systems and sufficient financial resources, this process is relatively smooth. But ...