AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES

AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.AN ANALYSIS OF INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES.

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 CONTEN DECLARATION ACKNOWLEDGEMENT TABLE OF CONTENTS LIST OF TABLES LIST OF FIGURES LIST OF ABBREVIATIONS SUMMARY OF DISSERTATION RESEARCH RESULTS INTRODUCTION CHAPTER 1: THEORETICAL BASIS FOR AN ANALYSIS OF THE INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES 10 1.1 Theoretical foundations of innovation 10 1.1.1 Concept of innovation 10 1.1.2 Characteristics of innovation 11 1.1.3 The role of innovation in economic development 12 1.2 Theoretical foundations of innovation ecosystem 15 1.2.1 Concept of innovation ecosystem 15 1.2.2 Characteristics of innovation ecosystem .17 1.2.3 Factors affecting innovation ecosystem on Vietnamese enterprises .21 1.3 The world experience in developing innovation ecosystem on enterprises .25 1.3.1 Status of an innovation ecosystem in the world 25 1.3.2 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 33 2.1 Overview of innovation ecosystem in Vietnamese Enterprises 33 2.2 The situation of developing the innovation ecosystem in Vietnamese enterprises from 2020 to 2022 37 2.2.1 Actual situation of digital technology application in Vietnamese enterprise from 2020 to 2022 37 2.2.2 Readiness for the innovation ecosystem in Vietnamese enterprises 42 2.2.3 Stories about innovation ecosystem in some Vietnamese enterprises 46 2.3 Analysis of the innovation ecosystem in Vietnamese enterprises 50 2.3.1 Strengths .50 2.3.2 Weaknesses 53 CHAPTER 3: SOLUTIONS TO PROMOTE THE INNOVATION ECOSYSTEM IN VIETNAMESE ENTERPRISES UNTIL 2030 57 3.1 Policies and regulations to develop the innovation ecosystem in Vietnamese enterprises 57 3.2 Recommendations to improve the innovation ecosystem in Vietnamese enterprises 58 3.2.1 Strengthening Financial Support for Innovation ecosystem 58 3.2.2 Enhancing Human Capital and Skills Development .62 3.2.3 Fostering Collaboration and Knowledge Transfer .65 3.2.4 Improving Regulatory Framework and Intellectual Property Rights Protection .69 3.3 Strategies to promote the innovation ecosystem in Vietnamese enterprises until 2030 .71 3.3.1 Prioritizing and Sequencing the Recommendations 71 3.3.2 Engaging Stakeholders and Building Partnerships 73 3.3.3 Establishing Monitoring and Evaluation Mechanisms 75 CONCLUSION 79 LIST OF REFERENCES 81 LIST OF TABLESY Table 1.1 Innovation trends that worldwide enterprises mostly use .27 Table 2.1 Global Innovation Index 2022 rankings 35 Table 2.2 The Development Stages of the Innovation ecosystem in Vietnamese enterprises 40 Table 2.3 Key aspects of digital transformation in business 44 Table 2.4 Summary of Government Policy to promote innovation ecosystem in enterprises 2022 .52 LIST OF FIGURE Figure 1.1 The gap between leading and lagging enterprises .26 Figure 2.1 The Innovation Support Organisations in Vietnam sorted by Ownership and Industry 33 Figure 2.2 Newly-established enterprises and total registered capital in 2020-2022 38 Figure 2.3 Vietnam digital economy (in USD billion) 42 Figure 2.4 Distribution of enterprises participating in the survey by industry (%) 43 Figure 2.5 The areas that HBIC focuses on developing .47 Figure 2.6 Elements of the business model are affected when the enterprises apply innovation ecosystem 55 Figure 3.1 FPT University by number 63 Figure 3.2 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: Thesis title: An analysis of innovation ecosystem in Vietnamese enterprises Research area: (Q55) Technological Innovation, (O32) Management of Technological Innovation and R&D, (P42) Productive Enterprises 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 Main contents and author contributions:  Main contents: In addition to the introduction and conclusion, this thesis includes main contents distributed in chapters Chapter 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