READINESS FOR DIGITAL TRANSFORMATION IN COOPERATIVES IN THE NORTHEAST OF VIETNAM

Abstract

The purpose of this study was to investigate the levels and determinants of readiness for digital transformation among 317 cooperatives operating in the Northeast region of Vietnam in 2022, as well as their need for digital transformation. The majority of the cooperatives surveyed were found to be at the highest and high levels of readiness for digital transformation, with 76% and 13.6% at Levels 5 and 4, respectively. The study utilized a two-stage least squares regression method to identify influential factors affecting the cooperatives' readiness for digital transformation. Results indicated that characteristics of cooperative directors (such as age, education, number of social accounts, and use of e-wallets) and surveyed cooperatives (such as age, social accounts, computer literacy of members and workers, bank accounts, and participation in e-commerce trading floors) significantly impacted their readiness for digital transformation. External supportive services were found to be crucial in improving the cooperatives' readiness for digital transformation, with training on digital transformation, digital hardware, digital transformation consultations, and financial support being particularly essential.