Creating competitive advantage from technology investment

With increasingly strict market demands and fierce global competition, businesses that are slow in digital transformation and applying new technologies will face many difficulties in conquering the market.

Huynh Duc Production, Trade and Service Company Limited (Amata Industrial Park) invests in innovation of machinery and production technology. Photo: Vuong The

Investing in technology applications will help businesses establish flexible and highly efficient production and business systems, optimize operating costs, improve product and service quality, and make accurate and timely business decisions.

Businesses strive for change.

Ishikawa Metalworking Co., Ltd. (Bien Hoa Ward) is a small and medium-sized enterprise (SME) pursuing the mechanical engineering and supporting industries. Currently, the company performs precision machining of various spare parts and components for industrial machinery such as: worm gears, screw shafts, gears, fan blades, threaded rods, hinges, strainers, rollers, guide pins, wheels; and various machine parts from simple to complete... According to Mr. Vu Van Chien, the company's director, the unit is striving to diversify its products; and at the same time, invest in machinery and technology with the motto "careful in every operation" to produce quality products to meet demand. This enterprise hopes that the State will create more bridges to promote cooperation with domestic and foreign manufacturing partners. Because only through production linkages and cooperation can they achieve long-term success and compete better against the pressure from foreign companies producing similar goods in Vietnam.

Resolution 57-NQ/TW, dated December 22, 2024, of the Politburo on breakthroughs in national science, technology, innovation, and digital transformation sets the goal that by 2030, Vietnam will be among the top 3 countries in Southeast Asia in artificial intelligence research and development, and a center for the development of several digital technology industries and sectors in which Vietnam has advantages.

Similarly, in the food and consumer goods manufacturing and processing sector, under pressure from green consumption trends and strict environmental regulations in various markets, GC Food Joint Stock Company (GC Food - Ho Nai Industrial Park) has developed a closed-loop model from raw material sourcing to processing and distribution to ensure optimal environmental protection standards. Mr. Nguyen Van Thu, Chairman of the Board of Directors, shared: GC Food prioritizes the development of high value-added product lines such as processed aloe vera, packaged coconut jelly according to partner requirements, or toppings used in the beverage industry. These products not only comply with safety standards but are also designed to be environmentally friendly and easy to process.

To do that, this enterprise has increased investment in processing technology, standardized labor quality, applied digitalization in production, and cooperated with major partners. From the beginning of August 2025, Asia Ingredients Group (AIG) officially became a strategic partner of GC Food. This strategic cooperation aims to help build strong brands between units; at the same time, contributing to consolidating and enhancing the competitiveness of Vietnamese agricultural products when entering the global market.

A mandatory requirement for sustainable business development.

According to Mr. Le Phuoc Van, Director of Hanh Gia Management Consulting Company Limited ( Ho Chi Minh City), most Vietnamese enterprises are mainly manufacturing by outsourcing, with very few product designs. Meanwhile, enterprises with foreign direct investment (FDI) take advantage and perform better because they have technology, human resources and solutions. To innovate, enterprises must change their production methods, invest in equipment, use external resources to increase productivity, move towards standardizing production and innovation. At the same time, invest in human resources, improve labor quality to be able to master modern technologies. That is a mandatory requirement for enterprises today if they want to develop sustainably.

Huynh Duc Production, Trade and Service Company Limited (Amata Industrial Park) invests in innovation of machinery and production technology. Photo: Vuong The

Dong Nai is a locality with a large number of enterprises with tens of thousands of enterprises in operation. However, apart from FDI investors and a number of large units and corporations, investment in technology, especially digital transformation, is still in its early stages. Mr. Pham Viet Phuong, Deputy Head of the Management Board of Industrial Parks and Economic Zones of Dong Nai Province, commented: Enterprises still face many difficulties in this issue because of high conversion costs, while preferential loans and financial support policies are not easy to access. Therefore, there needs to be better support and incentive policies for enterprises to access conveniently; at the same time, it is necessary to consider and research the establishment of a fund to support digital transformation for enterprises in industrial parks and economic zones.

Promoting technological innovation and the application of digital transformation in production and business, along with implementing support solutions, will be further intensified in Dong Nai province in the coming period. According to Vo Hoang Khai, Deputy Director of the Department of Science and Technology: "In the past, the department has made efforts to coordinate and implement training programs on digital transformation for businesses. The department is ready to cooperate with the Management Boards of industrial parks and economic zones, acting as a bridge to support businesses in the province in accessing content on technological innovation, as well as inviting experts and opening training courses for businesses to participate in..."

King

Source: https://baodongnai.com.vn/kinh-te/202509/tao-loi-the-canh-tranh-tu-dau-tu-cong-nghe-5d02141/