Bui The Duy, Deputy Minister of Science and Technology, said that the number of Vietnamese enterprises using such high technology as 3D printing or robotics are still limited. This is a worrisome problem in the context of international economic integration and the fourth Industrial Revolution is taking place strongly in the world.

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.

According to experts, the revolution is gradually eliminating the advantages of spontaneous management methods and old business models.

Innovation helps enterprises increase revenues, profits, reduce costs, meet customers’ demand, attract resources and improve their 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 Joint Stock Company, agreed, saying each business must find the right solutions which are suitable to their capacity and resources.

Rang Dong has focused on investing in science and technology, joined hands with major universities and built three research centres on lighting and digital technology as well as developing business models on digital platforms to make products with Vietnamese design and trading on Vietnamese platforms while still bringing high added value, meeting quality conditions for export, he said.

Ket also said the company has faced many difficulties, including changing mindset, 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 experienced strong development stages.

To promote scientific initiatives among young people, it is necessary to prepare resources early and training from high schools, he stated.

Particularly, it is necessary for universities to connect with their alumni who have studied abroad, attracting talented people by offering favourable policies for them.

Duy said the Ministry of Science and Technology has provided investment support for projects by the National Foundation for Science and Technology Development (NAFOSTED), through which young scientists have the opportunity to develop creativity and research to be on par with regional and world levels.

PM Pham Minh Chinh meets US business community

Cooperation activities between Vietnam and the US continue to develop deeply in all fields, particularly in investment and finance, with businesses of the two countries playing a very important role, said Prime Minister Pham Minh Chinh.

E-invoice applied at more than 3,600 businesses and economic organizations in Bac Giang

(BGO) - Under the direction of the Government and Ministry of Finance on applying electronic invoice (e-invoice) for enterprises, economic organizations, household businesses and individuals in 57 centrally-run provinces and cities, since April, the taxation department of Bac Giang province has highly focused on training, communicating and instructing tax payers to change from paper invoice to e-invoice as Circular No 78/2021 of the Ministry of Finance.

Businesses and traders register to consume 36,800 tonnes of lychee at domestic market

(BGO) - To prepare for this year lychee harvest season, 43 businesses and traders have registered to consume lychee at domestic market, reported the Division of Economy and Infrastructure in Luc Ngan district (Bac Giang province).  

Substantial reform of business conditions

The results of the Provincial Competitiveness Index (PCI) in 2021, recently announced by the Vietnam Federation of Trade and Industry (VCCI), showed significant improvements in the quality of provincial economic management in Vietnam as well as positive changes in administrative reform.

Businesses and cooperatives link to consume lychee

(BGO) – Since middle of March at the flowering and fruit bearing stages of lychee, many domestic and foreign cooperatives and businesses have connected to orchard owners and contactors in Bac Giang province to seek way of lychee consumption. Support plans have been issued locally toward the most smooth lychee consumption.

Source: NDO/VNA