Creating competitive advantage from technology investment

With increasingly fierce market demands and 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 a flexible and highly efficient production and business system, optimize operating costs, improve product and service quality, and make accurate and timely business decisions.

Businesses strive for change

Ishikawa Metal Processing Co., Ltd. (Bien Hoa Ward) is a small and medium-sized enterprise pursuing the mechanical manufacturing and supporting industry. Currently, the company precisely processes all kinds of spare parts and industrial machine components such as: screws, screw shafts, gears, fan blades, threaded rods, hinges, trash filters, rollers, guides, wheels; simple to complete machine parts... According to Mr. Vu Van Chien, the company's Director, the unit is making efforts to diversify its products; at the same time, investing in machinery and technology with the motto "careful in every operation" to produce quality products according to demand. This enterprise hopes that the State will create more bridges to promote and cooperate with domestic and foreign production partners. Because only by linking production and cooperating together can we go long-term and compete better under the pressure of foreign enterprises producing similar products in Vietnam.

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

Similarly, in the field of food production and processing, consumer goods, under pressure from green consumption trends and strict environmental regulations in markets, GC Food Joint Stock Company (GC Food - Ho Nai Industrial Park) has developed a closed model from raw material areas to processing and distribution to ensure optimization of environmental protection standards. Mr. Nguyen Van Thu, Chairman of the Board of Directors of the company, shared: GC Food prioritizes the development of high value-added product lines such as processed aloe vera, coconut jelly packaged according to partners' 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.

Mandatory requirements 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) capital 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 some 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 study the establishment of a fund to support digital transformation for enterprises in industrial parks and economic zones.

Promoting enterprises to innovate technology, apply digital transformation to production and business, and deploy support solutions will be further promoted by Dong Nai in the coming time. Deputy Director of the Department of Science and Technology Vo Hoang Khai said: In the past time, the department has made efforts to coordinate to implement and deploy training programs on digital transformation for enterprises. The department is ready to coordinate with the Management Board of industrial parks and economic zones, acting as a bridge to support enterprises in the province to access content on technological innovation as well as invite experts, open training courses for enterprises to participate in training...

King World

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