THE IMPACT OF INFORMATION TECHNOLOGY IN ENHANCING COMPETITIVE CAPABILITY OF YOUNG ENTREPRENEURS

The role of new Information Technology (IT) in driving the global economy is widely recognised. Information Technology plays an important part in accelerating growth, eradicating poverty and promoting sustainable development in developing and transition economy countries and in facilitating their beneficial integration into the global economy. It has been recognised that Information technology facilitates access to markets, access to commercial information, and access to new processing technologies and knowledge (UNCTAD, 2018). At this moment, entrepreneurs globally, have said that access to information, especially market information, is their first priority in accelerating the growth of their businesses. However, access to such information by young entrepreneurs has not been without constraints. The purpose of this study was to analyse the role of IT in supporting young entrepreneurs in Vietnam.