Efforts to boost the digital transformation of micro, small, and medium-sized enterprises (MSMEs) are gaining momentum among APEC member economies, with Vietnam at the forefront. This initiative aims to enhance productivity and competitiveness through the adoption of artificial intelligence (AI). During a recent workshop held in Hanoi, Vietnamese officials underscored the necessity of supporting these enterprises by facilitating technology transfer, fostering digital skills, and encouraging innovation.
The Hanoi event gathered delegates from various APEC economies alongside representatives from international organizations and major technology companies. The discussions centered on several critical areas, including AI adoption, the development of digital infrastructure, access to financial resources, and efforts to bridge the digital divide. These discussions are crucial as they lay the groundwork for policies that will advance digital economic collaboration across the region.
This workshop is also a stepping stone in Vietnam’s preparation to host the APEC forum in 2027. As part of these preparations, participants are expected to formulate policy recommendations that advocate for responsible AI usage and bolster digital economic ties among member economies. This initiative reflects a broader commitment to leveraging technology to support MSMEs and enhance their role in the regional economy.
The focus on MSMEs is vital, given their significant contribution to economic growth and employment across APEC economies. By concentrating on digital skills development and innovation, APEC aims to equip these enterprises with the tools necessary to thrive in an increasingly digital global marketplace. The collaborative efforts at the workshop highlight the shared commitment to overcoming challenges and seizing opportunities presented by digital transformation.