The competitiveness of Vietnamese businesses in technology is still weak. This is the conclusion of a seminar co-organised by the Danish International Development Agency and the Central Institute for Economic Management in Hanoi on May 8.

According to a survey, which the institute conducted on 8,000 businesses in Vietnam, although many businesses participate in activities to improve their technological application, only five percent use their available technology in production.

About 84 percent of respondents said their companies have no specific programmes to upgrade or develop technology.

Meanwhile, competition in production is extremely fierce. 78 percent of enterprises reported that they have domestic rivals while 36 percent said they have more than 10 competitors.

Experts at the seminar said that to increase competitiveness in both domestic and international markets, businesses need to invest more in technology.

Besides, State management in science and technology should be further reformed and legal regulations on the issue should be perfected to speed up science-technology research and application, therefore contributing to enhancing the competitiveness of goods and businesses.-VNA