1. Technical infrastructure: The foundation is not yet solid
One of the core factors to promote digital transformation is technical infrastructure. However, in Vietnam, this system is still in the development stage:

Internet connection and data network: Although internet speed in Vietnam has improved, the deployment of 5G networks and large data centers has not yet reached the required scale.

Information technology (IT) infrastructure: Many businesses, especially small and medium enterprises (SMEs), still use outdated IT systems, hindering the application of modern digital solutions.

Cybersecurity: The increase in cyberattacks requires technology projects to invest more in security, but this remains a major challenge for startups.

2. Human resources: Shortage and unevenness
Digital transformation is not only a technology issue, but also requires a team of qualified personnel to deploy and operate:

Lack of technology experts: Vietnam is facing a serious shortage of human resources in areas such as artificial intelligence (AI), data science, and cybersecurity.
Digital skills of unskilled workers: Many workers are still not fully trained in the skills needed to work in a digital environment.
Training and retaining talent: Technology startups have difficulty competing with large corporations to attract and retain talent.

3. Policy: Lack of synchronization and appropriateness
Policy is a decisive factor in creating a favorable environment for digital transformation, but in Vietnam, there are still many points that need to be improved:

Legal framework: Regulations related to data, privacy, and intellectual property are not clear enough to support technology businesses.
Financial support: Although there are many incentive policies, accessing support capital is still a difficult problem for young technology projects.
Synchronization: Digital transformation policies in industries, localities, and businesses sometimes lack connectivity, leading to overlap and inefficiency.
How to overcome challenges?
To successfully transform digitally, technology enterprises in Vietnam need support from many sides:

Investing in infrastructure: The State and enterprises need to cooperate to upgrade IT infrastructure, ensuring safety and speed in data connection.
Developing human resources: Promoting training programs, cooperating with universities and international organizations to improve technology skills for workers.
Improving policies: The Government needs to issue clear legal frameworks and support technology projects to access capital easily.

Digital transformation brings many great opportunities, but also poses many challenges for technology projects in Vietnam. Alfacens Capital is committed to accompanying startups, not only providing financial support but also providing strategic advice, helping to overcome difficulties and turning challenges into sustainable development drivers.