It serves as the "key" to rapid and sustainable growth. In Vietnam, many businesses have embraced innovation and achieved remarkable success.

Recognizing the current landscape, businesses are required to advance science, technology, and innovation to meet the demands of sustainable national development. Enhancing technology absorption, dissemination, innovation, and workforce quality will be pivotal in propelling sustainable economic growth forward.

In response to this necessity, Rang Dong Light Source and Vacuum Flask Joint Stock Company has consistently prioritized innovation in its operations. As a result, the company has maintained its position as a leading manufacturer and distributor of lighting products in Vietnam.

Nguyen Doan Ket, the company’s Deputy General Director, said that Rang Dong’s strategic direction is to remain at the forefront of adopting advanced technologies, particularly digital technology and artificial intelligence (AI), in production.

In recent years, the company has heavily invested in research and development (R&D), not only to create new products but also to optimize manufacturing processes, improve efficiency, minimize environmental impact, and utilize clean and sustainable energy sources.

Rang Dong has rapidly integrated digital technology, AI, and the Internet of Things (IoT) across all production and business activities. By combining foundational technology, lighting technology, and digital technology, the company has built an intelligent and flexible production system, enhanced quality management, and implemented green manufacturing practices. The application of digitalization, automation, robotics, and intelligent production systems has significantly boosted labor productivity and reduced production costs.

For small and medium-sized enterprises (SMEs), innovation efforts are in line with their scale, yet they are striving to keep pace with modern trends.

These businesses are actively integrating information technology and digital transformation into their operations while simultaneously developing new products, enhancing existing ones, innovating customer services, and optimizing supply chain management.

Hoang Huu Yen, General Director of Intech Group, shared that the company’s revenue in 2024 soared by 30% compared to the same period in 2023. This growth demonstrates the economy’s recovery and is largely attributed to the company’s substantial investment in R&D for new products. In addition to technological innovation, Intech Group has enhanced its after-sales services, sharpening its competitive edge and meeting the growing demands of partners.

Product research and development remain a priority for businesses. Before launching a product to the market, it must undergo a rigorous process of research, design, manufacturing, and testing at the company’s R&D center. The product undergoes stringent quality control checks before being released to consumers

Clearly, prioritizing innovation across operations is a crucial driving force for businesses aiming for rapid and sustainable growth.

Thus, companies must pursue breakthroughs, as this is the pathway to making significant leaps while ensuring continuous development and long-term resilience.

Innovation plays an increasingly important role in sustainable development: PM Chinh

VOV.VN - Innovation is increasingly demonstrating its important role and becoming a breakthrough driving force, becoming the “key” for rapid and sustainable development, Prime Minister Pham Minh Chinh said while attending Vietnam Innovation Day 2024 and the fifth anniversary of the National Innovation Center (NIC) organized by the Ministry of Planning and Investment in Hanoi on October 1