Investment in R&D is still low in Vietnam

by VTV27 March 2017 Last updated at 11:00 AM

VTV.vn - Vietnamese enterprises spend under 1% of their total revenue for research and development. Among the 7,500 enterprises that participated in the survey, only about 500 enterprises said that they have invested in R&D.

This means that below 6% of enterprises invest in R&D. This number is low given that R&D is a very important activity for enterprises worldwide.

According to experts, if Vietnamese enterprises only care about lowering costs and ignore efforts to put more added value in the products via R&D research, it will be very difficult for them to participate in the global added value chain.

South Korea is a good example in effective R&D development in the region. Each year, South Korea spends more than 4.3% of its GDP in R&D. Israel spends 4% and Japan spends almost 4%.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-03-28 22:45 UTC

WEATHER FORECAST