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    • 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.
    Innovation key to enhancing businesses’ productivity ảnh 1Manufacturing 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./.

    VNA

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