International Journal of Advanced Culture Technology

The International Promotion Agency of Culture Technology (국제문화기술진흥원)
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The Innovation Activities of Vietnamese Enterprises: Current Status and Solutions

  • Quoc Cuong Nguyen (Faculty of Technology, Dong Nai Technology University) ;
  • Hoang Tuan Nguyen (Dong Nai Institute for Innovation) ;
  • HyukDong Kwon (Graduate School of NID Fusion Technology, Seoul National University of Science and Technology)
  • Received : 2023.05.06
  • Accepted : 2023.06.10
  • Published : 2023.06.30
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Abstract

Innovation has been considered not only an important factor for creating and maintaining the competitiveness of nations but also a key determinant of enterprises performance in over the world. Innovation is the process by which an enterprise develops new products, services, processes or management systems to meet requirements due to the change of business environment, technology. The results of implementing innovation increase capacity of the business, thereby helping the business to develop sustainably in the face of market trends and competition from competitors. This paper aims to explore the current status of innovation activities as well as proposes solutions to develop innovation activities for Vietnamese enterprises. The proposed solutions in this study paper create a premise to improve the competitiveness and sustainable growth of enterprises in the context of deeper and more comprehensive international economic integration.

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Acknowledgement

This work was supported by Dong Nai Technology University Research Fund in 2022.

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