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| Vietnam Oil and Gas Technical Services Corporation (PTSC) is one of the enterprises honored in the VIE50 list. (Photo: Hong Chau) |
The event attracted more than 200 representatives from businesses in the VIE50 and VIE10 lists in the following industries: Manufacturing; Information Technology - Telecommunications; Pharmaceuticals - Medical Equipment; Logistics; Banking; Insurance; Retail; High-tech Agriculture; Food and Beverage, Construction - Real Estate.
This is also the first year that the VIE50 and VIE10 lists were published by Dau Tu Newspaper based on research results by Viet Research.
The enterprises honored at the event are those that have applied creativity, innovation and reform in their operations, contributing to improving production and business efficiency, establishing a position in the market and contributing to the overall development of the whole country.
A quick survey of businesses on the VIE50 and VIE10 lists shows that up to 84% of businesses believe that innovation is an important key to growth in the coming time, with the majority of businesses focusing on innovation, improving products, services and processes. 70% of businesses in the survey also said they plan to increase their budget for innovation in at least the next 2 years.
Also within the framework of the event, domestic and international experts shared about the importance of innovation for development potential and shaping the future generation of businesses.
World Bank Chief Economist for Vietnam, Mr. Andrea Coppola, mentioned the importance of productivity growth and innovation towards achieving Vietnam's goal of becoming a high-income country by 2045.
Associate Professor Dr. Vu Minh Khuong, Lee Kuan Yew School of Public Policy, National University of Singapore, shared specifically about key factors to help Vietnamese businesses accelerate development through innovation.
According to this expert, there are three values that businesses need to clearly see when practicing innovation. The first is efficiency. bring to the business, expressed in revenue, profit,...
Second , effectiveness, which means innovative solutions that help customers and society trust and love businesses more. Third , efficiency. adapt to change and volatility.
In addition, according to Associate Professor Dr. Vu Minh Khuong, businesses need to clearly understand the three pillars of innovation, including efficiency, business innovation capacity, and conditions for encouragement and resource support.
On the Government side, it is necessary to create an innovative environment from financial and technological support, regulations, institutions, technical standards, and favorable conditions for recruiting talents. In addition, an equal and competitive environment is needed. This means that genuine businesses benefit and reward deserving and creative people. At the same time, there needs to be support from society and the Government for businesses to move forward.
Dr. Vo Tri Thanh, Director of the Institute for Brand Strategy and Competitiveness Research, also mentioned the innovation environment for the Vietnamese business community and the difficulties and challenges that businesses need to overcome.
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| Top 10 creative and effective businesses gather many big brands. (Source: Viet Research) |
As the economy recovers and develops, businesses that want to move up the ladder in the global value chain must innovate and create to survive and compete successfully. Effective and successful innovation creates a solid foundation for production and business activities, increases value and promotes growth for businesses; gradually shapes the DNA code and culture of innovation in businesses. Innovation not only helps businesses increase their ability to adapt to new business contexts and promote growth, but importantly, it demonstrates their position as leaders and game changers in the market.
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