Innovation practices at Vietnamese manufacturers: the impacts of innovation on profitability and growth

Hoa Hoang (), Dung Pham () and Duc Nguyen ()
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Hoa Hoang: Vietnam National University, Hanoi 144 Xuan Thuy, Cau Giay, Hanoi, Vietnam
Dung Pham: Vietnam National University, Hanoi 144 Xuan Thuy, Cau Giay, Hanoi, Vietnam
Duc Nguyen: Vietnam National University, Hanoi 144 Xuan Thuy, Cau Giay, Hanoi, Vietnam

Economics Bulletin, 2018, vol. 38, issue 3, 1457-1466

Abstract: In an effort of the Vietnamese government to improve the country's innovativeness, the Ministry of Science and Technology (MOST) carried out a research to investigate Vietnamese companies' current state of innovation. Data of 510 manufacturers used in this paper was extracted from the survey campaign by the MOST. Via statistical analysis, findings indicated that only a humble share of Vietnamese companies is currently performing innovative activities. These firms invest the most on new technology. When it comes to the relationship between innovative performance and firm performance, significant regressive relationships have been found yet, the results are dissimilar across industries. Besides, innovative performance displayed mixed effects on performance, which seems to confirm previous literatures' diverse receptions about this topic.

Keywords: Innovation; Innovative performance; Firm performance; Profitability; Growth; Vietnamese manufacturers (search for similar items in EconPapers)
JEL-codes: M1 O3 (search for similar items in EconPapers)
Date: 2018-08-05
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