Companies make trillions 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.

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 cost 5 times per product, labor productivity increased 5 times compared to 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“The technological innovation from this support helps us to automate many processes in production, replace outdated machines, and reduce labor. This helps to improve product quality and meet customer demand for quantity and delivery time for partners,” Tong said. According to him, the assistance of state institutions helps businesses boldly invest in technological innovation, reduces some of the financial burden, and helps companies run faster.

The Sao Mai Company also participates in the National Technology Innovation program to help the business perfect its technology lines and equipment for the production of cooking oil and fish meal, seasoning powder… from catfish fat. This technology helps increase the value of Vietnamese catfish up to 28%, the quality is equivalent to imported products.

According to Mr. Truong Vinh Thanh, Deputy General Director of Sao Mai Company, when renovating technology, catfish product sales increased 2.9 times (about 800 billion VND), catfish food product sales increased 57 times.% (about 1700 billion VND). “Technology mastery and innovation is the foundation for us to improve quality, diversify products and meet market demands,” said Mr Thanh.

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 was restructuring the national science and technology program for the next five years. One of the tasks envisaged is to simplify administrative procedures, increase publicity and transparency in program management, and maximize the mobilization of scientists and national businesses to participate in technological scientific programs for socio-economic development, security and defense tasks …

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 innovation of technology,” said Minister Dat speaking.

Ha An

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