Strong investment in science – technology: A key role in modern production (Part 1)

Application of scientific and technological advances (S&T) to production and business activities is the key driving force for the sustainable development of production sectors. Recently, this activity has been actively implemented by corporations and corporations in Industry and Trade sector.

S&T activities play an important role in improving competitiveness, contributing to speeding up the process of industrialization and modernization of production and business activities. Many S&T research projects have been successfully applied to the manufacturing and business sectors of the industry, contributing to meeting domestic demand, raising the localization rate in equipment manufacturing, reducing trade deficit, improve productivity, reduce costs, increase product competitiveness, and bring economic efficiency to the industry. These achievements have been recognized by the noble awards of S&T such as Ho Chi Minh Prize, State Prize, VIFOTEC Award.

During the implementation process, the Ministry of Industry and Trade has directed organizations and businesses to coordinate and effectively use the funding from the Ministry’s S&T resources, the national programs / projects assigned by the Government. Science and technology activities, innovation in businesses have made significant progress. In many corporations and corporations, with capital appropriated from production and business activities, they have actively promoted investment in upgrading infrastructure to serve research, development and technology application.

Typically, the Electricity of Vietnam (EVN) has implemented the integration of construction investment, technical application in electricity system operation management and corporate governance. In 2019, EVN received the award “Excellent digital transformation enterprise” for comprehensive digital transformation activities at EVN, covering the following areas: Corporate governance; electricity system moderation; Transmission; power generation, deployment of DCS systems for distributed control in power plants, EVNHES systems, power management software, etc; business and customer care.

Not only EVN, to meet the needs of developing production and business activities, the Vietnam Oil and Gas Group (PVN) has actively invested in developing the Petroleum Institute into a specialized scientific research and training unit. The branch will be modernized and synchronous with the completion of building new and modern facilities. Especially, in the recent period, PVN has invested in forming an oil and gas testing and analysis center with international standards, biofuel laboratory, etc with a total budget of more than VND 800 billion from S&T funds, investment funds and business development activities of the unit.

Productivity and Quality Office