Investment in science and technology is vital factor to enterprises

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Dr. Luu Hai Minh

Many enterprises nowadays misconceive the two words "Start up". With you having a lot of experience in the field of science and technology, what would you like to say about this?

The current common situation which is taking place is that everyone, every household who is starting up or has started up, still do not understand the nature of this phrase. The world defines that ‘start up’ concerns technology, but most of Vietnamese young people today think that ‘start up’ is opening shops, a bakery shop or coffee shop, etc. I think that every individual who wants to start a successful business must master technology and invest in scientific and technological research. In a wider scale, a city, a country that wants to start a successful business must have thousands and millions of high-tech enterprises, thus the society may develop and Vietnam’s position may be improved in the international market.

Many people also commented that the market is always fierce. When an enterprise takes time to invest in scientific and technological research, many other enterprises take the chance to get great profits, so what do you think about this view?

The market is the battlefield, and any enterprise that wants to survive and develop sustainably must have its own tactics. But, it can not ignore the investment in technology, and when investing in technology, enterprises do not worry about being abandoned because the market is endless. What enterprises need to do is look for opportunities and customers of their own.

In the present period when the information technology market is developing strongly, if small and newly established enterprises continue face-to-face competition, looking for comparative advantage, seizing each segment of the market and constantly differentiating their products, this will bring many difficulties and disadvantages compared to large enterprises.

Thus, from the personal experience of the OIC-an enterprise, which has more than 20 years of experience in the field of Information Technology, we are exploring undiscovered high-tech markets, such as nanotechnology. A prominent example is the Liquid Nano Curcumin OIC (LNCO) researched and manufactured by OIC NEW which is marketed for consumers and won a Patent for Invention No. 16095

So how do you think about the potential of nanotechnology in Vietnam in the future?

In Hanoi, there are 35 science and technology enterprises out of 350,000 registered enterprises, accounting for 1 out of 10,000. It means that every 10,000 new enterprises have 1 science and technology enterprise. This shows that the rate is quite low.

Nanotechnology is the new trend that OIC NEW is applying. However, mastering this super-small technology is not easy, requires researchers to have persistence and ability to overcome the challenges. However, if enterprises do not dare to invest in high technology, then they will not produce high-tech application products. All the successes in this world by people are rooted in bold ideas, and require a lot of time and efforts doing their best with absolute confidence, and the knowledge and experience of former researchers.

As known, as Vice Chairman of the Hanoi Association of Small and Medium Enterprises and President of an enterprise which is highly appreciated, can you share your secret and give a message to ‘start-ups’?

For me, the most important thing is to retain personal prestige in trade relations. To do that, enterprises must provide good service, good products and be responsible to come along with their products and services. We always attach importance to the international cooperation in each research stage of the Company. We now have research cooperation with companies in Europe and Japan to create nanoparticles from Vietnam's natural compounds.

In addition, ‘start-ups’ must innovate and have "technology." When producing technology products, the most important thing is not to give up. A science and technology enterprise that gives up will suffer a catastrophic death.

Vietnamese workers in the context of revolution 4.0: Many disadvantages VCN- The 4.0 technology revolution leads to high demands on technology innovation, which also means that businesses ...

About the secret of success of Nhat Hai New Technology Company. We understand about market segments, target certain consumers and constantly research and develop products and inspire confidence for customers. In addition, the company only focuses on research and development (R & D), orients the application 4.0 by IoT and AI application to all production processes to increase productivity. The company is also learning advanced models from large technology companies around the world when creating distribution channels, while the production will be transferred to reputable pharmaceutical companies under the ISO standardization process (standardization international) and GMP (Good Manufacturing Practice).

Thank you so much,