Innovation key to enhancing businesses’ productivity
While innovation is considered as key to boosting the productivity and quality of products, due attention has not been paid to the issue by Vietnamese enterprises, experts have said.
Manufacturing speakers and mobile phone headsets at Foster Electronics Co. Ltd at Vietnam Singapore Industrial Park (VSIP) Bac Ninh in Tu Son township, Bac Ninh province. (Photo: VNA)
Hanoi (VNA) – While innovation is considered as keyto boosting the productivity and quality of products, due attention has not been paidto the issue by Vietnamese enterprises, experts have said.
Bui The Duy, Deputy Minister of Science and Technology, saidthat the number of Vietnamese enterprises using such high technology as 3D printingor robotics are still limited. This is a worrisome problem in the context ofinternational economic integration and the fourth Industrial Revolution is takingplace strongly in the world.
According to experts, the revolution is graduallyeliminating the advantages of spontaneous management methods and old businessmodels.
Innovation helps enterprises increase revenues, profits,reduce costs, meet customers’ demand, attract resources and improvetheir reputation. However, there is no example innovative model so they should choose the right one to develop.
Nguyen Doan Ket, Deputy General Director of Rang Dong Light Sources and Vacumm Flask JointStock Company, agreed, saying each business must find the right solutions whichare suitable to their capacity and resources.
Rang Dong has focused on investing in science andtechnology, joined hands with major universities and built three research centreson lighting and digital technology as well as developing business models on digital platformsto make products with Vietnamese design and trading on Vietnamese platforms while still bringing high added value, meeting quality conditions for export, hesaid.
Ket also said the company has faced many difficulties, including changingmindset, business model and operating mechanisms in the innovation process.
Deputy Minister of Science and Technology Bui The Duy said as it is time for Vietnam to create“breakthrough” through science and technology as the country has experiencedstrong development stages.
To promote scientific initiatives among young people, it isnecessary to prepare resources early and training from high schools, he stated.
Particularly, it is necessary for universities to connect withtheir alumni who have studied abroad, attracting talented people by offering favourablepolicies for them.
♏ Duy said the Ministry of Science and Technology has providedinvestment support for projects by the National Foundation for Science andTechnology Development (NAFOSTED), through which young scientists have theopportunity to develop creativity and research to be on par with regional andworld levels./.
It is inevitable to utilise scientific and technological advances in linking sectors, regions, institutions and schools with businesses amid complex developments of the COVID-19 pandemic.
Ho Chi Minh City aims to help 3,000 local businesses strengthen their innovation capacity from nơ to until 2025, according to the city’s project to develop the local startup ecosystem in the 2021-2025 period.
The National Innovative Entrepreneurship Day (Techfest Vietnam 2022) was launched on March 22, aiming to promote innovative solutions from start-ups amid the strong technology development, attracting resources from domestic experts, intellectuals, entrepreneurs and overseas Vietnamese.
A memorandum of understanding (MoU) on innovation cooperation has been signed, under which Japan will help Vietnam develop startups and innovative companies within the 8th phase of the Vietnam - Japan Joint Initiative.
With the government's strong direction and active participation from businesses and citizens, national digital transformation is deepening, with a focus on building a digital government, economy, and society.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Manufacturing speakers and mobile phone headsets at Foster Electronics Co. Ltd at Vietnam Singapore Industrial Park (VSIP) Bac Ninh in Tu Son township, Bac Ninh province. (Photo: VNA) 
