Representatives from over 70 businesses in Da Nang were informed of incentives to the use of modern technologies during a local seminar on June 2.

A number of them mentioned difficulties in adopting technological advances, including high costs, lack of marketing skills and limited resources to monitor competition and the latest technology trends.

They shared that Vietnamese companies predominantly process and export raw materials using outdated technologies, resulting in low added value.

According to them, domestic firms also find it hard to access financial subsidies when they plan for technology adoption, partly owing to cumbersome procedures.

Participants called for all possible regulations to stimulate technology use, adding that micro-enterprises could financially contribute to local science-technology development foundations, making it easier to support the business community.

Yamazaki Mazak Vietnam and Mitsubishi Electric Vietnam also took the occasion to introduce their latest manufacturing technologies to participants.

(Source: VNA)