MINISTRY OF EDUCATION AND TRAINING FOREIGN TRADE UNIVERSITY ----------***--------- MASTER THESIS AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES Major: International Economics PHAM XUAN THAI Ha Noi – 2023 MINISTRY OF EDUCATION AND TRAINING FOREIGN TRADE UNIVERSITY ----------***--------- MASTER THESIS AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES Major: International Economics Code: 8310106 Student: Pham Xuan Thai Supervisor: Luong Thi Ngoc Oanh (PhD) Ha Noi – 2023 DECLARATION I hereby declare that this is my own research work, with the support of my Instructor - PhD.Luong Thi Ngoc Oanh. The research contents and results in this topic are honest and have never been published in any previous research work. The data in the tables for analysis, comments and evaluation are collected by the author himself from different sources listed in the references. If any fraud is detected, I would like to take full responsibility before the Council as well as the results of my thesis.
ACKNOWLEDGEMENT In embarking on the journey of researching and completing this graduation thesis, I have relied not only on my own self-study and analysis but also on the invaluable guidance and sincere suggestions provided by PhD. Luong Thi Ngoc Oanh. I am deeply grateful for the unwavering support and mentor-ship that PhD.Oanh has provided throughout the process of this research. Her expertise and guidance have been instrumental in shaping and refining this article.
Furthermore, I would like to extend my heartfelt appreciation to the lecturers of the Faculty of International Economics at the Foreign Trade University. Their knowledge, insights, and critical assessments have played a pivotal role in enhancing the quality and comprehensiveness of this thesis. Despite my best efforts, I acknowledge that this thesis may have certain limitations in terms of research experience, data search, analysis, and evaluation. However, I am confident that these imperfections can be addressed through your valuable comments and suggestions.
I warmly welcome any feedback that will contribute to further improving and enriching this article, making it a solid foundation for future studies in related fields. Once again, I express my sincere gratitude to Dr. Luong Thi Ngoc Oanh and the esteemed lecturers for their unwavering support and guidance. Your contributions have been indispensable, and I am honored to have had the privilege of working under your tutelage.
TABLE OF CONTENTS DECLARATION ACKNOWLEDGEMENT TABLE OF CONTENTS LIST OF TABLES LIST OF FIGURES LIST OF ABBREVIATIONS SUMMARY OF DISSERTATION RESEARCH RESULTS INTRODUCTION .1 CHAPTER 1: THEORETICAL BASIS FOR AN ANALYSIS OF THE INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES. Theoretical foundations of innovation. Concept of innovation. Characteristics of innovation.
The role of innovation in economic development. Theoretical foundations of innovation ecosystem. Concept of innovation ecosystem. Characteristics of innovation ecosystem.
Factors affecting innovation ecosystem on Vietnamese enterprises. The world experience in developing innovation ecosystem on enterprises. Status of an innovation ecosystem in the world. Actual situation and experience of developing innovation ecosystem on enterprises in some countries around the world.
29 CHAPTER 2: ANALYSIS OF THE INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES. Overview of innovation ecosystem in Vietnamese Enterprises. The situation of developing the innovation ecosystem in Vietnamese enterprises from 2020 to 2022. Actual situation of digital technology application in Vietnamese enterprise from 2020 to 2022.
Readiness for the innovation ecosystem in Vietnamese enterprises. Stories about innovation ecosystem in some Vietnamese enterprises. Analysis of the innovation ecosystem in Vietnamese enterprises .53 CHAPTER 3: SOLUTIONS TO PROMOTE THE INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES UNTIL 2030. Policies and regulations to develop the innovation ecosystem in Vietnamese enterprises.
Recommendations to improve the innovation ecosystem in Vietnamese enterprises. Strengthening Financial Support for Innovation ecosystem. Enhancing Human Capital and Skills Development. Fostering Collaboration and Knowledge Transfer.
Improving Regulatory Framework and Intellectual Property Rights Protection. Strategies to promote the innovation ecosystem in Vietnamese enterprises until 2030. Prioritizing and Sequencing the Recommendations. Engaging Stakeholders and Building Partnerships.
Establishing Monitoring and Evaluation Mechanisms .79 LIST OF REFERENCES .81 LIST OF TABLES Table 1. Innovation trends that worldwide enterprises mostly use. Global Innovation Index 2022 rankings. The Development Stages of the Innovation ecosystem in Vietnamese enterprises.
Key aspects of digital transformation in business. Summary of Government Policy to promote innovation ecosystem in enterprises 2022. 52 LIST OF FIGURES Figure 1. The gap between leading and lagging enterprises.
The Innovation Support Organisations in Vietnam sorted by Ownership and Industry. Newly-established enterprises and total registered capital in 2020-2022. Vietnam digital economy (in USD billion). Distribution of enterprises participating in the survey by industry (%).
The 6 areas that HBIC focuses on developing. Elements of the business model are affected when the enterprises apply innovation ecosystem. FPT University by number. Exit status of C-lab projects.
67 LIST OF ABBREVIATIONS United Nations Conference on Trade and Development (UNCTAD) United Nations Development Programme (UNDP). Artificial Intelligence (AI) Augmented Reality (AR) Virtual Reality (VR) Mixed Leality (MR) Machine Learning (ML) Software Development Lifecycle (SDLC) Global Innovation Index (GII) World Intellectual Property Organization (WIPO) Over-the-top (OTT) Internet of Things (IoT) Financial Technology (Fintech) Research and Development (R&D) Information Technology (IT) Hoa Binh Innovation Center (HBIC) Ho Chi Minh City High-Tech Park (SHTP) Hoa Binh Construction Group – HBC Joint Stock Company (JSC) USAID (the United States Agency for International Development) Intellectual Property Rights (IPR) SUMMARY OF DISSERTATION RESEARCH RESULTS Thesis title: An analysis of innovation ecosystem in Vietnamese enterprises Student: Pham Xuan Thai Student code: 821123 Class: MIE4A Instructor: PhD. Luong Thi Ngoc Oanh Working unit: Faculty of International Economics - Foreign Trade University Keywords: innovation ecosystem, Vietnam, enterprises Summary content: 1. Thesis title: An analysis of innovation ecosystem in Vietnamese enterprises 2.
Research area: (Q55) Technological Innovation, (O32) Management of Technological Innovation and R&D, (P42) Productive Enterprises 3. Research purpose of the thesis: Analyze the theoretical basis of innovation ecosystem in general and innovation ecosystem in Vietnamese enterprises in particular; Analysis and assessment of achievements and limitations of innovation ecosystem in Vietnamese enterprises in the period 2020-2022; Present lessons learned and propose some solutions for innovation ecosystem in Vietnamese enterprises. Research methods used in the thesis: Qualitative analysis 5. Main contents and author contributions: Main contents: In addition to the introduction and conclusion, this thesis includes 3 main contents distributed in 3 chapters.
Chapter 1 has the task of stating and clarifying the theoretical basis of innovation and innovation ecosystem in Vietnamese enterprises. In Chapter 2, the author uses qualitative methods to analyze and evaluate an innovation ecosystem in Vietnamese enterprise. Chapter 3, the author points out the recent policies and regulations to develop the innovation ecosystem in Vietnamese enterprises. Besides that, the author also proposes recommendations and solutions to improve the innovation ecosystem in Vietnamese enterprises.
Author contribution: Within this thesis, as I delved into the exploration and analysis of the innovation ecosystem in Vietnamese enterprises, the author has proposed policy implications aimed at fostering the adoption of digital transformation technologies. These implications serve to address the professional requirements and streamline the managerial processes within companies, thereby facilitating the development of a robust innovation ecosystem in Vietnamese enterprises. Based on that, the author has drawn inspiration from the lessons learned in other case studies across the globe, where the focus on quantity has often outpaced considerations of quality. By observing and understanding these global experiences, we can navigate potential pitfalls and avoid the pitfalls of prioritizing sheer numbers over sustainable and impact innovation.
Rationale of the research In today rapidly changing global economy, innovation has become a key driver of sustainable economic growth and competitiveness. The ability of enterprises to innovate and adapt to new technological advancements and market dynamics is crucial for their long-term success. Within this context, the concept of an innovation ecosystem has emerged as a powerful framework for understanding and fostering innovation at various levels. This thesis aims to provide a comprehensive analysis of the innovation ecosystem in Vietnamese enterprises.
Vietnam, as a dynamic and emerging economy in Southeast Asia, has witnessed a remarkable transformation over the past decades. The country has recognized the importance of innovation in driving economic development and has taken significant steps to nurture its innovation ecosystem. However, a deeper understanding of the current state, challenges, and opportunities within the Vietnamese innovation ecosystem is essential for formulating effective strategies and policies to further enhance innovation capabilities. The scope of this study is focused on the period from 2020 to 2022, allowing for an examination of recent developments and trends within the innovation landscape of Vietnamese enterprises.
By employing a qualitative research approach, this thesis will delve into the multifaceted aspects of the innovation ecosystem, exploring the interplay of various actors, resources, and contextual factors that shape the innovation dynamics. The objectives of this research are threefold. Firstly, to provide an overview of the innovation ecosystem in Vietnamese enterprises, including a definition of the ecosystem, identification of key players, and an assessment of the challenges and opportunities faced. Secondly, to analyze the current state of the innovation ecosystem, examining the innovation performance of Vietnamese enterprises during the specified time frame and assessing the existing innovation policies and initiatives.
Lastly, to offer evidence-based recommendations and policies for improving the innovation ecosystem in Vietnamese enterprises, with a focus on their practical application until 2030. The significance of this study lies in its potential to inform policymakers, business leaders, and other stakeholders about the key factors influencing innovation in Vietnamese enterprises. By identifying strengths, weaknesses, and opportunities within the ecosystem, this research aims to contribute to the formulation of effective strategies and policies that can foster a vibrant and sustainable innovation ecosystem in Vietnam. Furthermore, this study also seeks to bridge the existing knowledge gap by providing empirical insights and practical recommendations for enhancing the innovation capabilities of Vietnamese enterprises.
In the subsequent chapters, this thesis will delve into a detailed analysis of the innovation ecosystem in Vietnamese enterprises, followed by a comprehensive examination of the recommendations and policies for its improvement. By shedding light on the intricacies of the innovation ecosystem and proposing actionable strategies, this research endeavors to facilitate the growth and competitiveness of Vietnamese enterprises in the global innovation landscape. Literature Review Up to the time the thesis was written, many domestic and foreign articles on innovation ecosystem in general and innovation ecosystem in Vietnamese enterprises in particular have been published. As a result, the author inherits the analysis, thesis and research achievements of the following typical works and articles: In Vietnam: Articles in Vietnamese magazines: In a 2021 study by Nguyen Thanh Hien and Le Quang Trung published in the "Journal of Business and Management," the authors conducted a case study analysis to understand the innovation ecosystem in Vietnamese enterprises.
The findings of this research underscore the critical role of government policies, funding mechanisms, and collaborative networks in fostering innovation within the Vietnamese business landscape. Tran Thanh Huyen and Nguyen Anh Tuan, in their 2021 article titled "Drivers of Innovation in Vietnamese Enterprises: A Case Study of the Manufacturing Sector," delved into the drivers of innovation in Vietnamese enterprises, with a specific focus on the manufacturing sector. Their case study identified technological capabilities, human capital development, and market orientation as the key factors influencing innovation. This study highlights the importance of nurturing these drivers to enhance innovation in Vietnamese manufacturing enterprises.
In 2020, Pham Ngoc Quang and Le Thi Minh conducted an empirical study titled "The Role of Government Policies in Promoting Innovation in Vietnamese Enterprises," published in the "Asian Journal of Technology Innovation." This research scrutinized the influence of government policies on promoting innovation in Vietnamese enterprises. The study emphasized the significance of supportive regulatory frameworks, funding mechanisms, and infrastructure development in creating an enabling environment for innovation and enhancing the overall innovation ecosystem in Vietnam.