Monthly Archives: February 2018

Social entrepreneurs and enterprises

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Thanks to the article, I have deeper knowledge about what is the social business, what social enterprises do, what is the target and mission of social enterprises…

I also gain more knowledge about some social organizations, in which I impressed the most is  CSIP. CSIP develops the social entrepreneurship ecosystem and build a strong community of social enterprises in Vietnam and regionally through Inspiring, Empowering and Connecting social enterprises and social entrepreneurs who are solving the social and environmental issues by their sustainable and creative business solutions.

I had 2 times working with CSIP members when I was second-year student at FTU. My club is ENACTUS, which is established and operated with the same target and mission as CSIP. We organized a contest called “FBA INNOVATION CHALLENGE” and invited some CSIPers to be the judge of this competition. It was very meaningful. And the project who won the 1st prize is “STRAW”, which connects handicapped people in Hanoi, and let them make some gifts and handicrafts then sells to the foreigners. Now it is still working

From Change management to Innovation

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Innovation and change management interact together. On each stage of innovation process, change management plays a different role to shape or control the idea generation and the implementation in order to achieve change outcomes. Change outcomes are the results of innovation process with change management tool

Writer: Nguyen Pham Thuy Duong (number 05)

WALKING STREAT, AN INNOVATIVE PLACE IN HA NOI

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Hanoi is changing. From an unknown city, Hanoi is flipping to another period of time with more development. 2 years ago, Hoan Kiem lake was not crowded, people came here for taking pictures but now it is changing to a very different lake. Management team of this lake decided to build walking street around lake in every weekend. In these days, there are a lot of interesting activities were held. Beside the rule that no bike, no car moving on this road, people also rebuild many traditional games that remind young people about Vietnamese history. Luckily, tourists seem really like those activities. This is a good way to connect people with many different ages.

This picture proposes one typically example. That kids enjoy playing “Ô ăn Quan”. This is a very familier game when I was young. Even now when I go back to my hometown, there are very few kids know how to play this game.
I was so supprised when I saw those kids, who living in big cities, can play together with a very exciting attitude.
I hope this kind of street can open more in other cities such as Da Nang, Ho Chi Minh, Hue… where people can enjoy culture space.
Ha Noi 06/02/2018
Nguyen Que Huu

Change management in innovation of Hanoi

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Ha Noi nowadays has been changing a lot in many aspects like: view, development of economic. It is obviously that income and life quality of the citizens are becoming better thanks to innovation of policy and technology. However, Ha Noi is facing to some huge problems such as: environment pollution, overpopulation, the difference between the rich and the poor,… To solve those problem and improve the situation, there are some innovation should be created and applied. Therefore, the authority should pay appreciate attention on change management. This is the first step of innovation process of Ha Noi so the idea generation should be coached, interpreted and nurtured carefully. Only some specific fields such as tourism, commercial and high technology industry should be focused to develop the economic.

Writer: Nguyen Pham Thuy Duong (number 05)

Street vendors in India are really innovative toward self-service technology, what about Vietnam?

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Picture source: http://www.pbase.com/image/147856939

This article is about the street vendors informal sector in India and his position about innovation adoption.

This article is divided into 7 section, an introduction, the background of informal street vending, the hypothesis development and operationalization of variables, the methodology of the study, the various findings of the study, a discussion about the findings and finally a conclusion.

The study shows an interested fact, the street vendors are really superior innovation adopters within their communities. For example, a table compares the workers from formal sector with informal street vendors from lower middle class and show that 66.1% of the street vendors have an innovation adoption unlike the traditional earners (only 33%). We have to keep in mind that this statistic study is not about innovation in general terms but only about Self-service technology.

You want discover why? Have a look on the article!

Analysis of the interest of this article for innovation in Hanoi

Like India, Vietnam is a country where everybody spends a huge amount of time on the street. From this fact, especially in Hanoi and Saigon more and more peoples take the opportunity to launch their own business as street vendors. Do you think that the trend for street vendors about innovation toward self-service technology is the same in our beautiful country?

M&A IN VIETNAM, OPPORTUNITIES OR THREATS

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Writer: Minh Anh Ngo / ID: 002

According to a report from KPMG in 2016, we could see there was a dramatically change in volume of M&A activity in Vietnam from 2010. KPMG ranked Vietnam as one of the most dynamic market ASEAN area, although inbound investment was far away to outbound. Value of outbound was USD3 million, comparing to USD5,052million of inbound. Investment coming from foreign leaded to the takeover of oversea firm.

In M&A Vietnam market, volume was driven most from both private and public transaction. While private deal was from retail, pharmaceutical and real estate sectors, state – owned enterprise preferred public transaction, for example: Vietnam Airline, Vissan.

Source: KPMG

One of the most remarkable M&A was Petrolimex, a state – owned firm, JX Nippon Oil & Energy bought 8% share, which was never approved before. Following this deal, Vinamilk, Saigon Beer were allowed to sell out stakes. They would be target to foreign investors in the next year.

One side, the M&A made a boost on business activities of the firm by exchanging resources, capital, and technology. Another, it may be a threat to main owner because the M&A plans were much depend on oversea investors, who had a lot of experience in the field, but Vietnamese was not. So some M&A followed “western”strategy which may cause damage to former owner.

 

Source:

https://home.kpmg.com/content/dam/kpmg/vn/pdf/publication/2017/deals-in-vietnam-webinar.pdf

http://www.iflr.com/Article/3673293/2017-Mergers-and-Acquisitions-Report-Vietnam.html

 

HANOI BOOK EXCHANGE DAY

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Enactus FTU Hanoi was established on March 7, 2008, as a student community, ready to use business actions to solve social problems. They are young students who are passionate about promoting economic, social and environmental health in Vietnam. They want to become the future leaders, the people with social responsibility and the heart for the community. They also have a young entrepreneurial spirit, committed to solving social problems, promoting sustainable development by conducting business projects.

The Book Exchange – an annual activity of FTU Hanoi’s Enactus , aims to help students exchange books, reference books, stories, novels, etc. Save money for the new semester. The traditional connection years before the book exchange this year will take place with many interesting activities promising to bring you a new feeling.

Link: “https://www.facebook.com/booksife/posts/660719007353090”

link: “https://www.facebook.com/booksife/posts/660719007353090”

Link:”https://www.facebook.com/booksife/posts/660719007353090″

 

This is how innovatively they work:

Step 1: Bring your old book to the reception desk

Step 2: Get the coupon corresponding to the value of the book

Step 3: Bring slips to the Book Exchange Day

Step 4: Select books of corresponding value

https://www.facebook.com/events/586712981342608/

https://www.facebook.com/booksife/?hc_ref=ARRiloLIgSYYQyOq3hqUtApKC_z0o_LuLYuQFQQ44YdG0bsWL9aLPwstdLveFpYrupk&fref=nf

https://www.facebook.com/events/433809946732185/

M&A IN VIETNAM 2005 – 2012

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WRITER of the summery : MINH ANH NGO                 ID: 002

The article talks about the M&A performance in Vietnam, which is believed to be effected by innovations, capital expenditures.

Based on the results, we could say innovation, resources, brand values had positive effect on the “positive post M&A performance”. Which means that M&A is a chance for Vietnamese product/ brand to improve their performance by providing capital expenditures, resources and technology.

However, on the other hand, it comes out another issue that is that origin of the brand. When Vietnamese brand is merged to US organization, for example, we may lose the identity of the brand.

Source: https://www.researchgate.net/profile/Quan-Hoang_Vuong/publication/265099931_Relationship_between_Innovations_Capital_Expenditures_and_Post-MA_Performance_Evidence_from_Vietnam_2005-2012/links/53ff061c0cf283c3583c1fc8/Relationship-between-Innovations-Capital-Expenditures-and-Post-M-A-Performance-Evidence-from-Vietnam-2005-2012.pdf

THE RELATIONSHIP BETWEEN INNOVATION AND PRODUCTIVITY OF SMEs IN VIETNAM

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Writer: Nguyen Hoang Nam – No.14

Source: International Journal of Economics and Financial Issues, 2017, 7(3), 226-232 – ISSN: 2146-4138, available at http: www.econjournals.com

The article is a research of the relationship between innovation and firm productivity in SMEs in Vietnam. This research focuses on the impact of firm size, firm location and manufacturing sector on the relationship between innovation and SMEs’ productivity.

The article used the data from SME survey in Vietnam from 2007 to 2009. The survey was conducted with 2500 enterprises in 10 provinces in Vietnam including big cities like Hanoi, HCM city and other small provinces like Hai Phong, Quang Nam, Nghe An, etc.

The author used the methodology based on Cobb and Douglas production function:

Y=F (K, L, M) = AKαLβMγ

Where:

Y: Total outputs in a given year

L: labor input

K: capital input

M: total material inputs

A: total factor productivity (TFP)

From the methodology, they run the data in 4 different models to test the relation between: Technology Innovation, firm size, firm location, manufacturing sector and firm productivity.

After doing data analysis, the results showed the 4 main points. Firstly, the innovative firms will have productivity 2.9% higher than non-innovative firms. Secondly, there is no significant difference in the impact of innovation on productivity between the firms who have more than and less than 10 employees. Thirdly, the impact of innovation on firm’s productivity in Hanoi and HCM city is 7.0% lower than other cities. Finally, there is no significant difference between the impact of innovation on productivity of high-tech industry (chemicals, transportation equipment) and low-tech industry (food and beverages, tobacco, textiles, etc.).

In conclusion, the author said that, for enhancing the growth, SMEs in Vietnam have to reconsider their current practices in investments, determining the needs, development strategies and gaps for more balanced innovation activities. Moreover, beside the added value for the firm, the innovation in the firm has to benefit their customers and also other firms. That will help for the national economic growth in general.

Writer: Nguyen Hoang Nam – No.14

Source: International Journal of Economics and Financial Issues, 2017, 7(3), 226-232 – ISSN: 2146-4138, available at http: www.econjournals.com