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Support to improve competitiveness for businesses



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Dong Nai businesses are looking for opportunities to cooperate

In order to integrate globally, compete fairly with imported products and foreign direct investment (FDI) enterprises, the requirement for Vietnam enterprises is to upgrade their production equipment in order to reduce many types of costs.

Besides, the State also needs to develop programs and plans to support and promote enterprises to innovate production technology.

Technology innovation speed is still low

Technological innovation is one of the leading measures to help improve productivity, product quality, increase competitiveness as well as create a sustainable position in the market. Some businesses have actively changed modern technology lines to improve product quality. However, the amount is very small compared to the actual requirement, so it is necessary to accelerate the process of technological innovation in enterprises, repel and gradually eliminate old technology equipment. To do that, the business community needs great support from the state in terms of policies and development perspectives.

According to experts, when implementing technology innovation investment, enterprises need to conduct investigation and research on technical features as well as the state-of-the-art technology level of investment. At the same time, it is necessary to innovate with key technologies that are "vital" to production and business activities, to avoid spreading and rampant investment.

In Dong Nai, a recent study from the Department of Science and Technology showed that the index of technology and equipment innovation in the 2016-2020 period was -56.05%. Subjects of investigation are enterprises with human resources from 100 employees or more. This negative index reflects the fact that enterprises in this period have slow ability to absorb technology and master technology; Technology transfer time (or time to research, improve machinery, equipment or technology) is long, leading to slow speed of technology innovation. Most businesses do not have a long-term vision, lack highly qualified human resources and financial resources to innovate and upgrade technology. Enterprises' investment in technology research and innovation remains very low.

Actively encourage businesses to innovate technology

To improve productivity and product quality of domestic and private enterprises, the best way is to become a product supply chain for foreign partners. Therefore, Dong Nai determines that attracting FDI is careful and selective. The province strives for foreign investment registered FDI in the period 2021-2025 is about 5 to 6 billion USD, in the period 2026-2030 will reach about 6-7 billion USD. Along with that, the proportion of enterprises using advanced technology, modern governance, environmental protection and high-tech orientation in the province increases by 80% by 2025 and 100% by 2030 compared to 2018.

More importantly, attracting FDI, but requires the province to set the localization rate must account for over 30% by 2025 and over 40% by 2030. High localization rate means an opportunity for cooperation. Enterprises in the province with FDI enterprises are also raised. From there, encourage and motivate the business community to innovate technology, improve productivity, quality, and increase competitiveness for the products, goods and services they provide.

According to the Department of Science and Technology, in the future, innovation is really the main driving force of the growth model and promoting the development of the digital economy. With its role, science and technology will be one of the focal points to promote the investment role of businesses and society in the chain of research and innovation activities. Improve enterprises' potentials to be able to deploy scientific research directions and develop new technologies such as digital technology, information, physics, biology, artificial intelligence ...

The important thing is that the State needs solutions for enterprises to invest in technology application, application of advanced methods in human resource management, production management in order to optimize resources, costs reduction, produce new goods and services to improve the competitiveness of businesses and the whole economy.


Author: Nam Vu

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