A PRIMARY RESEARCH ON OPEN INNOVATION ACTIVITIES OF SMEs IN VIETNAM Author Tang Due Au University of Foreign Language Studies, The University of Danang; tdau@ufl udn vn Abstract Open Innovation (OI) i[.]
A PRIMARY RESEARCH ON OPEN INNOVATION ACTIVITIES OF SMEs IN VIETNAM Author: Tang Due Au University of Foreign Language Studies, The University of Danang; tdau@ufl.udn.vn Abstract: Open Innovation (OI) is a new term in the literature of business administration Although OI studies have been widely done in developed or newly industrialized countries, not many are observed in developing economies like Vietnam An analysis of quantitative data collected from a survey of 50 enterprises, in both manufacturing and service sectors in Vietnam in this study presents an overview of the adoption of OI activities in the Vietnamese context It is observed that over thirty years of Doi Moi adoption, more and more enterprises in Vietnam conduct OI activities along with its accelerative process of integration into the global economy Venturing seems a dominant practice while foreign-invested firms are more likely to have more OI activities than the domestic ones Implications from the analysis can help business partners in setting their strategic direction for more competitive capability in the new business context Key words: Closed Innovation; Developing country; Open Innovation; SME; Vietnam