The process of globalization and economic integration nowadays sharply intensifies economic competition in the field of production and services. Technological development is considered as the key to stimulating sustainable economic growth. In Vietnam, statistics show that most enterprises still use medium and backward technologies. Therefore, the products labeled "Made in Vietnam" are hard to compete in global market. In order to make a change, Vietnamese enterprises need to improve technology, including technology transfer, which is the solution to improve quality of the goods production and services, and to improve competitiveness of enterprises in general. In this study, the current consequence of technology transfer of Vietnamese enterprises is reviewed and some recommendations are suggested for further technological development and problem solving.