Developing science and technology enterprises

Alongside the development of the private sector, strengthening science and technology enterprises is a key step toward consolidating the innovation ecosystem. With significant potential, these enterprises can create new opportunities for the transfer and commercialization of knowledge-intensive products, thereby contributing to GRDP growth and sustainable economic restructuring.

Pioneering the use of nanotechnology to extract curcumin from yellow glutinous turmeric, Bac Ha Herbal Medicine Technology Joint Stock Company is one of the leading science and technology enterprises working to increase the value of local agricultural products. This move has enabled the company to develop a range of high-quality products and gradually expand the Bac Kan herbal medicine brand in the market.

Ms. Nguyen Thi Le, Deputy Director of Bac Ha Herbal Medicine Technology Joint Stock Company said “Applying science and technology to locally available agricultural products helps improve their quality and enhance their competitiveness”.

Established in 2019 with the mission of bringing modern technology to Vietnamese households, Hunonic Vietnam Joint Stock Company is one of the pioneering science and technology enterprises in researching, manufacturing and providing smart home and automation solutions.

Mr. Nguyen Van Quan, Deputy Director of Hunonic Vietnam Joint Stock Company said “Hunonic’s products have a high level of scientific and technological content. Being recognized as a science and technology enterprise has helped us enhance our reputation and competitiveness in the market”.

The province currently has 15 certified science and technology enterprises in operation, all of them privately owned. They operate in areas including agricultural processing, new materials, electrical and electronic equipment, pharmaceuticals and healthcare, and environmental protection.

These enterprises play a key role in research, technology application and the commercialization of scientific and technological results, contributing to higher productivity and product quality, technological innovation and sustainable socio-economic development in the province.

Mr. Hoang Van Thien, Director of the Department of Science and Technology said “In the coming period, the department will continue to review and guide businesses that meet the requirements for recognition as science and technology enterprises. At the same time, we will provide information and support to help businesses access preferential policies, promote technological innovation and improve product quality”.

The development of science and technology enterprises is not only essential to consolidating the innovation ecosystem, but also a crucial link in improving the quality of growth in the private sector. Although these enterprises are still at an early stage of development and exploring their potential, they are already opening up promising new opportunities.

Continuing to create favorable conditions, nurture and support these knowledge-based enterprises will be a strategic priority, helping the province turn its potential into a genuine driver of breakthroughs in sustainable economic restructuring.