Companies earn trillions of dong thanks to technological innovation

Real-life examples were shared by business representatives at a seminar on “Policies to support enterprises in technology search, transfer and innovation” held in Ho Chi Minh City on the morning of March 25.

Truong Vinh Thanh, Deputy Director General of Sao Mai Company, said that his company has participated in the National Technology Innovation program and received financial support to improve technology and equipment for the production of cooking oil, and fish meal products, seasoning powder… from catfish fat. This technology helps increase the value of Vietnamese catfish up to 28%, the quality is equivalent to imported products.

When renovating technology, sales of catfish products increased 2.9 times (about VND 800 billion), sales of catfish food products increased 57% (about VND 1,700 billion). “Technology mastery and innovation is the foundation for us to improve quality, diversify products and meet market demands,” said Mr Thanh.

Nguyen Ba Tong, Director of Bach Tung Company (headquartered in Binh Duong), said that the company specializes in manufacturing small-sized shaft metal parts in the precision mechanical industry according to domestic and foreign orders. Thanks to financial support from the National Fund for Technological Innovation, he helped his company research automation equipment, replaced workers, reduced production time by a third, and reduced labor by 50%. operation, reduce labor costs 5 times per product. This innovation helps to increase the productivity of the workforce 5 times compared to the old technology.

According to Mr Tong, in addition to financial support, the Ministry of Science and Technology also supports liaison agencies, sending scientists to participate in research, if the business is limited to human resources.

“The technological innovations from this support help us automate production, replace outdated machines, and reduce manpower. This helps improve product quality, meet quantity requirements and delivery times for partners,” Tong said. According to him, the assistance of state institutions helps businesses dare to invest in technological innovation, reduces some of the financial burden, and helps companies move forward faster.

According to the report of the National Fund for Technological Innovation (Ministry of Science and Technology) with a charter capital of 2,000 billion VND, in 2020 it has mobilized 872 billion VND from businesses for technology innovation projects implemented through information technology through funding assignments (contributing 74.5% of the budget contracted project). The company after technological innovation increased by about 4,000 billion dong in annual revenue, profit before tax reached 800 billion dong, paying 300 billion dong to the budget every year (larger than the sponsor’s budget). Nearly 50 technologies have been applied in the company, bringing high economic efficiency and modernizing production processes.

Speaking at the workshop, Minister of Science and Technology Huynh Thanh Dat said the ministry is restructuring the national science and technology program for the next five years. One of its main tasks is to simplify administrative procedures and increase transparency in program management. Science and technology programs for socio-economic development, national security and defense… also mobilize the maximum participation of scientists and companies across the country.

According to Minister Dat, the company is considered the center of the national innovation system, an important bridge in turning scientific and technological achievements into life. He said supporting businesses in the search, transfer and technological innovation is an important task not only in the science and technology industry, so it needs an active role from ministries, sectors, regions and the business world, industry, schools.

“We look forward to receiving the contributions of the parties to improve mechanisms and policies, removing difficulties and obstacles in the implementation of supporting enterprises in the search, transfer and technology innovation,” said Minister Dat.

Contributing the recommendations, Mr Pham Phu Truong, Chairman of the Ho Chi Minh City Young Entrepreneurs Association, shared that state institutions not only support capital but also need to train businesses in thinking and skills to select the necessary technology applications for their production and business. Programs on the relationship between universities and business require stronger organization.

The Ho Chi Minh City Young Entrepreneurs Association will host an R&D Summit to connect businesses and institutions to help businesses learn from experiences in research, implementation and world research trends. “We want scientists to listen to companies’ difficulties in orienting research and connecting technology supply and demand,” advises Truong.

From the perspective of Assoc university. Prof. Dr. Mai Thanh Phong, Chancellor of the University of Science and Technology, National University of Vietnam in Ho Chi Minh City, said that the university currently has 8 technology transfer centers operating under a joint-stock company model with sales of around 100-170 billion VND per year. However, Mr Phong said that this model has some problems because it is a specific organization, requires human resources with expertise in technology, law, business, overseas… current policy mechanisms do not have this particular support. “There must be a breakthrough mechanism so that lecturers can more freely establish spin-offs (start-ups). The technology transfer center also needs a more professional operating model,” Assoc said. Phong.

Ha An

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