Businesses in southern Vietnam slow in innovation

Businesses in southern Vietnam slow in innovation

Van Nam

HCMC vice chairman Le Thanh Liem (L) greets a delegate at the fourth Southern Industry and Trade Conference in HCMC last Friday – PHOTO: VAN NAM

HCMC – Enterprises in 20 cities and provinces in southern Vietnam have remained slow in technology innovation though the Index of Industrial Production (IIP) is higher  than the average of the country.

At the fourth Southern Industry and Trade Conference held in HCMC last Friday by the Ministry of Industry and Trade and the HCMC Department of Industry and Trade, enterprises in the south have medium or low production technologies and low competitiveness.

The southern region encompasses HCMC, Can Tho, An Giang, Bac Lieu, Ba Ria-Vung Tau, Ben Tre, Binh Duong, Binh Phuoc, Binh Thuan, Ca Mau, Dong Nai, Dong Thap, Hau Giang, Kien Giang, Long An, Soc Trang, Tay Ninh, Tien Giang, Tra Vinh and Vinh Long.

Many small and medium enterprises in the region which make up a majority have been closed down due to limited finances and outdated technologies, among others.

HCMC vice chairman Le Thanh Liem said that if the southern cities and provinces make full use of their strengths, promote investment activity and expand markets, they could gain stronger growth, contribute to the economic development of the country and improve their competitiveness on domestic and international markets.

According to a report delivered at the conference, the 2016 IIP of the region surged 9.28% versus 2015, well above 7.5% nationwide. In particular, Tay Ninh, Ben Tre, Tien Giang, Long An, Soc Trang, Vinh Long, Binh Duong, Binh Phuoc and Kien Giang provinces posted high IIP.

At the conference, the 20 cities and provinces in the south set targets for 2017 including maintaining a higher IIP than the country’s average, increasing revenues from retail sales and services by 12% compared to last year to VND2,000 trillion and obtaining export growth of 11.6% year-on-year to nearly US$15 billion.

 



Link http://news.c10mt.com/search/label/vietnambreakingnews and http://news.c10mt.com


Links Topics : http://news.c10mt.com/2017/08/businesses-in-southern-vietnam-slow-in.html