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HÀ NỘI — Vietnamese enterprises need more opportunities to get technology transfers from foreign investment activities and join ventures with foreign partners for sustainable development of the domestic industry.
Technology is important in improving global competitiveness for local manufacturers in Việt Nam, said BT Tee, general director of Informa Market Việt Nam.
The domestic industrial sector, which contributes 50 per cent of national GDP, has a strategic position in the sustainable development of the domestic economy and attraction of foreign investment.
Local enterprises must actively improve production scale and technology and connect with professional partners to develop the industry and participate in the global supply chain, said BT Tee.
To do this, some experts said local enterprises must overcome challenges in using data management systems. Việt Nam’s industrial sector and domestic enterprises face many difficulties in digitising and connecting data of enterprises as well as applying technology and smart machines in production lines.
With the development of Industry 4.0 and globalisation, local businesses need to actively take advantage of opportunities to increase competitiveness, according to the experts.
The global free trade market requires domestic enterprises to invest in research and production of smart machines that are capable of competing in many markets but not just meeting demand in the domestic market.
According to the Japan Trade Promotion Organisation (JETRO)’s branch in HCM City, foreign direct investment (FDI) from Japan to Việt Nam has increased significantly year by year, showing that the Japanese business community have always appreciated the Việt Nam market and strived to seek opportunities for cooperation with Vietnamese enterprises, reported the Vietnam News Agency.
For the industrial sector, Japanese enterprises have advantages in equipment and machinery with modern production technology to increase productivity and reduce costs.
With entry into free trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or the Vietnam-EU Free Trade Agreement (EVFTA), Việt Nam is a potential market for foreign businesses in almost all fields.
According to Marko Walde, Chief Representative of the Association of German Chambers of Commerce and Industry (AHK) in Việt Nam, the association wishes to connect businesses of the two countries, helping Vietnamese enterprises approach to new technologies and solutions in the manufacturing industry.
It will also help Việt Nam improve its competitiveness and sustainable development as well as support businesses in meeting the regulations of Việt Nam’s Government and the needs of modernising machinery and production lines for development of the domestic support industry.
Walde said for the manufacturing industry, effective exploitation of investment promotion channels and attraction of foreign capital is a challenge for both management agencies, as well as the business community.
According to the Ministry of Industry and Trade, the important issue for the domestic industry sector at present is to improve the low technical and technological level of enterprises. Statistics show that 59.6 per cent of local enterprises use outdated technology and only 2 per cent use high technology for production.
According to Việt Nam’s industrial development strategy up to 2025, Việt Nam’s industry will be more competitive and use modern technology, participate in global value chains in a number of specialties and fields as well as meet the basic requirements of the economy and export activities.
In addition, the Vietnamese mechanical industry is also oriented to develop with advanced technology, international quality products and deeper participation in the global value chain.
VNS
Belgian National Day is a public holiday celebrated on 21 July each year. In 1830, Belgium gained political independence and regained cultural independence from the United Kingdom of the Netherlands. Up until then, the Belgian area was known as the Southern Netherlands and had been governed by other countries including Spain and France.
The Belgian Revolution that occurred from 25 August 1830 was the key catalyst to the independence of Belgium. The revolutionaries destroyed industry buildings and looted shops. Many army recruits deserted, which left the military powerless to bring control.
King William I of the Netherlands sought help from other nations. Five nations met in London at what is now known as the London Conference of 1830 and agreed to Belgium becoming its own power. The Dutch refused to accept this decision and it took nearly a decade of unrest before they finally did.
On 21 July 1831, Leopold of Saxe-Coburg and Gotha swore allegiance to the newly approved Belgian Constitution and became King Leopold I, the first King of the Belgians. His family line is still on the Belgian throne although they renamed after the First World War to the name ‘of Belgium’ in whichever language is being used: van België, de Belgique, or von Belgien.
Belgian National Day is a full public holiday. In Brussels, as well as other locations, there are military parades, air force aerial demonstrations, street festivities, expos and fireworks, and the king inspects the Belgian Army parading past the palace. It is a day of national pride and celebration of the independence of a strong people.
On Sunday the 14th of July, Solvay Business School has successfully organised a business talk with the following topic: “Managing your career to reach your fullfilment in life”. The event featured a total of five amazing guest speakers (Ms. Kim Anh, Ms. Thu Ngan, Mr. Thanh Son, Dr. Toan Trung and Prof. Michel Alle) who shared thoughtful stories with the audience.
Then, on 18th of July, Solvay Brussel Business School held its 2nd series of business talk on “Managing your career to reach your fulfillment in life” in Hanoi, after the first successful one in Ho Chi Minh City.
The second event featured three inspiring guest speakers who are alumni of Solvay from different intakes and who possess various experiences to join with the Dean of Solvay School – Prof Michel Allé and our Scientific Director, Dr Trung Dinh. The event was an occasion for more than 60 alumni, students, friends and colleagues of Solvay Network to get together in warm & friendship atmosphere.
Solvay hopes that you enjoyed the talks and got inspiration for your career orientation or your work-life balance.
