Save millions of dollars with smart factory model in Ho Chi Minh City

On August 12, the Department of Science and Technology of Ho Chi Minh City in collaboration with the University of Economics Ho Chi Minh City (UEH) organized a scientific conference with the theme "Digital Economy - New Growth Driver for Ho Chi Minh City".

Mr. Lam Dinh Thang, Director of the Department of Science and Technology of Ho Chi Minh City, said that after the merger, Ho Chi Minh City has advantages such as outstanding economic scale and population, diverse economic ecosystem, digital infrastructure platform, large digital consumer market, special policies and pilot mechanisms.

Digital economy is the new growth driver

In this context, digital economic development is identified as a strategic orientation and a key factor to contribute to the new megacity achieving sustainable growth goals. Based on the directions of the Central Government, the City Party Committee and the Ho Chi Minh City People's Committee have set an overall goal that by 2025, the digital economy will contribute about 25% of GRDP and increase to over 40% of GRDP by 2030.

"This is an ambitious but completely feasible goal, in line with the potential and advantages of Ho Chi Minh City; successfully building a dynamic, creative and sustainably developing megacity on the digital economic platform" - Mr. Lam Dinh Thang said.

Associate Professor, Dr. Tran Minh Tuan, Director of the Department of Digital Economy - Digital Society, Ministry of Science and Technology, commented that in recent times, Ho Chi Minh City has shown great determination in promoting the digital economy. In particular, a number of successful digital economic models in Ho Chi Minh City and Binh Duong (old) in 2024 have been implemented, when successfully applying technology to production and business activities.

For example, the model was jointly implemented by the Ministry of Science and Technology and the Department of Science and Technology of Ho Chi Minh City to pilot digital transformation in wholesale and retail in Phu Nhuan District (old), with more than 2,100 business households implementing. The measured efficiency of food and beverage services of business households reduced costs by 16%, increased profits by 15-30%. Retail stores saved 25% of operating costs due to staff reduction, increased the number of new customers by 25-35%...

"When applying science and technology solutions, digital transformation helps to reduce staff and increase the number of new customers. Thanks to that, more than 2,100 business households have saved more than 10 billion VND in about 6 months of piloting the above model" - Associate Professor, Dr. Tran Minh Tuan cited.

Another pilot model was also successful thanks to the application of digital transformation. Accordingly, Becamex Binh Duong Group cooperated with the Ministry of Science and Technology to pilot the smart manufacturing model at the Orion Vina factory (formerly Binh Duong). As a result, capacity increased by 30%, machine downtime decreased by 68%, inspection costs decreased by 50% and business efficiency was up to 19 million USD in 8 months.

"For the first time, there is a smart manufacturing platform applied to a foreign-invested factory. Based on this success, we will coordinate with related units to expand the pilot digital transformation of enterprises to 25 industries and expand to the entire new Ho Chi Minh City, contributing to the city's GRDP growth. From there, expand to the whole country" - Associate Professor, Dr. Tran Minh Tuan added.

Source: https://nld.com.vn/mot-mo-hinh-giup-cac-ho-kinh-doanh-o-tp-hcm-tiet-kiem-tien-ti-196250812152311181.htm