16:35 | 08/11/2015 Science - Technology
(VEN) - The Ministry of Science and Technology (MoST), the Vietnam Chamber of Commerce and Industry (VCCI) and the Tia Sang Magazine held a joint seminar to honor businesspeople that have successfully applied new technologies in their businesses.
Meeting pioneers in technological renovation
Thriving on technological innovation
According to Mylan Group CEO Nguyen Thanh My, he was one of several people in the US that invented computer-to-plate (CTP) printing technology in 1994 which has been applied across the world as a replacement of the computer-to-film (CTF) printing technology thanks to superior quality, low costs and 60 percent cut in wastage.
This year, the group has continued to reap success in three new CTP versions which have been praised for their environmentally-friendly characteristics including low energy consumption, lack of chemicals and matching with ultraviolet (UV) printing inks, which are expected to earn more than VND2 trillion in the next four years.
The Mylan Group has become well-known worldwide for its high-tech applications and products including digital printing inks, printing plates and packaging plastic films.
“Through application of scientific advancements, the Rang Dong Light Source and Vacuum Flask Joint Stock Company escaped bankruptcy. We once had to suspend work for six months to consider new distinctive products that would help us consolidate a foothold in the market. To date, we have secured our lead position in the market and regularly spend two percent of our sales revenue, equivalent to 20 percent of our pre-tax profits, on technological development and modern equipment,” said Rang Dong Light Source and Vacuum Flask Joint Stock Company CEO Nguyen Doan Thang.
Le Diep Kieu Trang, Strategy Manager at the Misfit Wearables Inc., spoke about the US-based Misfit Wearables Inc. that was founded in 2011 by Sonny Vu and former CEO of Apple and Pepsi John Sculley, and was involved in inventing and manufacturing wearable and smart home products. To date, the company has sold products to 50 countries.
Inspiring young Vietnamese generations
Nguyen Thanh My who used to work for IBM and Kodak and founded the American Dye Source Inc. has decided to return to Tra Vinh Province to do business and set up the Mylan Group, with the intention of helping local people escape poverty.
Instead of developing research and development staff at Silicon Valley like other US-based companies, the Misfit Wearables Inc. has eyed options in Vietnam and decided to set up headquarters in Ho Chi Minh City to recruit Vietnamese engineers responsible for software R&D. The company has employed more than 60 software engineers, scientists and mathematicians, including 10 Vietnamese PhD holders./.