The Innovation Activities of Vietnamese Enterprises: Current Status and Solutions

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 s...

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Bibliographic Details
Published inInternational Journal of Advanced Culture Technology(IJACT) Vol. 11; no. 2; pp. 229 - 237
Main Authors Quoc Cuong Nguyen, Hoang Tuan Nguyen, HyukDong Kwon
Format Journal Article
LanguageEnglish
Published 국제문화기술진흥원 30.06.2023
Subjects
과학기술학
innovation activities
product innovation
Innovation
Vietnamese enterprises
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Summary: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.
Bibliography:http://www.ipact.kr/eng/iconf/ijact/sub30.php
ISSN:2288-7202
2288-7318
DOI:10.17703/IJACT.2023.11.2.229