Vietnamese firms told to improve production technologies
Vietnamese companies need to improve their production technologies and strengthen linkages with foreign companies to improve their competitiveness in both domestic and overseas markets, a seminar heard in Ho Chi Minh City on December 12.
The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City (Source:VNA)
HCM City (VNS/VNA) - Vietnamese companies need to improve theirproduction technologies and strengthen linkages with foreign companies toimprove their competitiveness in both domestic and overseas markets, a seminarheard in Ho Chi Minh City on December 12.
Le Hoai Quoc, head of the management board of the Saigon High Tech Park, toldthe Vietnam-Korea production technology seminar that 97 percent of companies inthe country are small and use modest technologies.
According to the HCM City Association of Mechanical – Electrical Enterprises,the computer numerical control (CNC) machine manufacturing industry in Vietnamand HCM City in particular is not developed.
Most machinery used in the local market is imported from other countries, 65 percentfrom developing countries and the rest from developed ones.
The association said Vietnam’s industrial sector is integrating globally andgrowing rapidly, and rising investment by foreign firms is driving the growthof local supporting industries.
To compete with their foreign rivals and meet the requirements of foreigncustomers, Vietnamese companies have to use CNC machines to process products.
Quoc suggested that Vietnamese companies should expand cooperation with foreignfirms, including Korean, to enhance technology transfer and develop together.
Kim Jung Yeol of the Korea Institute of Industrial Technology said Korean firmsnot only want to expand investment in and trade with Vietnam but also transfertechnology.
They also want to set up joint ventures with Vietnamese firms, which wouldpromote the development of Vietnam’s industrial sector and enable moreVietnamese firms to enter the global supply chain, he said.
Nguyen Phuong Dong, deputy director of the city Department of Industry andTrade, said there is a shift happening in Vietnam from outsourcing and assemblyto manufacturing products with high added value.
The growth of the hi-tech industry is an important factor in attractinginvestment, enhancing competitiveness and increasing economic value andcreating a development momentum for the city, he said.
Therefore, the city has been adopting many policies to support enterprises withimproving their production capacity, he said. – VNS/VNA
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The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City (Source:VNA) 
