Author Archives: Thi khanh linh VU

Innovation in Hanoi: The Vuon Co-working Space

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In the recent year, we have experienced the raising trend of office renting price. Therefore, it’s quite hard for the start-up companies, small companies with low budget or freelancers who are self-employed to find a suitable and reasonable place to work.

The Co-working Space was born as a result. It is an innovation solution for the above matter. Co-working Space is a kind of space in which group of people can share the workplace, share the values and have independent activities. In the world, the number of share working spaces is growing phenomenon.

Source: The Vuon Coworking Space Facebook

“https://www.facebook.com/TheVuonOffice”

The Vuon Coworking Space is one of the first Coworking Space business model in Hanoi. The Vuon is located at third floor of Tower “A” of D2 Building in Giang Vo Street, Hanoi. It offers the nice place with outstanding decoration, green atmosphere and high quality infrastructure as well as different functional rooms so that everyone can rent to work, have a meeting, organize the event, training, etc. They also have the working places for the individual which can be used 24/7 without limited of time, high speed internet and full option of office equipments such as projector, printer, scanner.

Being a part of Co-working Space in general and The Vuon in particular, we can get a lot of benefits, for example:

  • Reasonable price for a convenience space
  • Flexibility place rather than than traditional working office
  • Create opportunity to explore new relationship with the people who have the same interests
  • Get valuable support to becme more effective

Therefore, it’s no doubt that the Co-working spaces are the trend and the future of work.

Writer: Le Ngoc Anh (No. 03)

Introduction about IRD in Vietnam

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IRD (The French National Research Institute for Sustainable Development) is an international multidisciplinary organization presenting in approximately fifty countries. It is focusing on research, expertise, training and knowledge-sharing to the benefit of countries and regions that make science and innovation key drivers in their development.

Being in Vietnam since the early 1990s, IRD researchers cooperate with Vietnamese colleagues to build and share original scientific knowledge that will eventually be applied and used for a sustainable development of the countries in the field of social, health, enviromental sciences. Besides that, IRD is also doing the training for students and young researchers and supporting them either financially or through posted researchers, and in assembling multidisciplinary collaborative networks.

There are two main activities of IRD in Vietnam:

  • Scientific Activities: including three major areas
  • Environment and resources: Climate change and natural hazards; Coastal erosion; Ecosystems and biodiversity; Biogeochemical cycles and enviromental pollution; Production and food security
  • Societies: Vulnerability, inequality and growth; Boundaries and social and spatial dynamics
  • Health: Nutition; Health and Environment
  • Partnerships: IRD has established long-term partnerships with the main Vietnamese research and training institutions ( Ministry of Science and Technology, Vietnamese Academy of Science and Technology, many universities,…) as well as the international organizations and agencies in Vietnam ( Agence Universitaire de la Francophonie, WHO, World Bank, UNDP,…)

One of the most impressed activities of IRD in Vietnam for me is the research on coastal erosion problem and mitigation in the Mekong Delta and Hoi An City. As a result of global warming and climate change, the level of the sea is rising significantly and some parts of Vietnam Mekong Delta is sinking in the water. That’s the reason why the research of IRD is very important . Based on that research people can take the timely action to save our land.

Writer: Le Ngoc Anh (No. 03)

IRD in Vietnam- A major scientific referent on development challenges

Source: www.vietnam.ird.fr/content/…/1/…/dépliant_représentation_Vietnam_UK_mail.pdf

IRD France

The new Hanoi: Opportunities and challenges for future urban development

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Writer: Tran Thi Thu Trang / No.19

The article mentions the urban development with the heavy investment from domestic and international organizations and with the efforts to transform and enhance Hanoi as a global city, including Economic industrialization and high-tech clustering; developing the metropolitan fabric such as transportation, housing, commercial places,…

Accordingly, among the innovative activities, I’m quite interested in Hoa Lac Hi-tech park (HHTP) – one of the first projects of the Vietnamese Government with the aim to develop hi-tech industry and national R&D with the total area of 15.5. km2. The main functions of HHTP are Education and Training, Software – R&D – Silicon Valley, General Service area, Residential and office buildings, Hotels and facilities for experts and workers, Entertainment and sports center. HHTP is known as a platform of modern city with full of utility services and the main functional areas as above. The location of HHTP is also quite convenient, 25km from the center of Hanoi and 40km from Noi Bai Airport, next to Hanoi National University and other academic institutions, via Thang Long highway – the longest and most modern highway in Vietnam. In my opinion, with the pressure on the transportation with the huge population in Hanoi which is expected to reach 10 million by 2030, HHTP seems to be a good location for the living with jobs,
utility services, and entertainment with modern technology in a real community. As a result, this could help decrease the environmental pollution, transportation & traffic congestion, land insufficient,… in Hanoi. However, the fact shows that many local Vietnamese, especially parents and students seem to be afraid of living far away from center of Hanoi without any affordable and reliable commuting system. Therefore, HHTP really needs to focus more to develop more higher education projects towards the knowledge economy, to satisfy and attract more people to enjoy their living and working/studying there.

Sources: journal homepage: www.elsevier.com/locate/cities

The new Hanoi: Opportunities and challenges for future urban development

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

 

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

FIIS: A MOTIVATION FOR INNOVATION IN HANOI

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Abstracts

The mainly purpose of this Article is to give an example in the relationship between Knowledge Management and Innovation in some organization in Hanoi. FIIS is an ecosystem with quick support and advice from a team of experts and academics who have experience in building successful businesses in Vietnam, especially in Hanoi. FIIS proved that with enough knowledge management, we can create innovative ideas and apply them into real.

Source: Facebook Fan page of FIIS

“https://www.facebook.com/fiisftu/photos/a.668485650017552.1073741826.668485393350911/718239058375544/?type=1&theater”

1. Introduction

It can be said that there is no innovation without new ideas and new knowledge creation is a pre-requisite condition for innovation. Innovation is one goal of Knowledge management. In Foreign Trade University in Hanoi, Innovation is always promoted so that all students have the opportunity to create and develop their potential. That is also why the FIIS was founded at the Foreign Trade University and really make the innovation for Hanoi. FIIS is a good example of the application of knowledge management in Innovation.

2. What FIIS does in Innovation?

FIIS – FTU Innovation and Incubator Space – is an ecosystem with quick support and advice from a team of experts and academics who have experience in building successful businesses.

Taking education as a foundation, FIIS inspires and empowers young people and students to innovate, start their businesses and become leaders in the creative economy. With the services of TRAINING, ADVISORY, NUCLEAR CREATION, NETWORKING INSTITUTE FOR COMMUNICATIONS AND INTERNATIONAL ASSOCIATION, FIIS will accompany and support the components of the innovative ecosystem on the itinerary starting a business.

FIIS has activities that promote knowledge and creativity for everyone, especially students. FIIS members often learn about innovative programs for students and introduce them to everyone. This is a very effective activity in Knowledge management. There are some programs that FIIS has helped to promote such as:

+ National Creative Innovation Day – TECHFEST – annual event organized by the Ministry of Science and Technology in collaboration with other ministries and socio-political organizations.

+ VSDA Vietnam Silicon Valley Accelerator – DEMO DAY Investment Day 2018 – an annual event to help start-up businesses present their business results to both domestic and foreign investors.

+ The nationwide challenge to creative society in Vietnam

In addition, FIIS also organizes innovative programs for students and businesses. At the same time, FIIS supports many scholarships for students, and expands the space at FIIS so that foreign trade students can come to study and work.

One of the most prominent and attracting programs of FIIS is the SIP100 Nursery. The SIP 100 incubator program is a 100-day incubator that helps students and young people build their businesses step by step through innovative business ideas. 100 days of incubation is to complete the business model, market test to evaluate the effectiveness of the project. This is also a step to assess the feasibility and development of the project to call for investment.

Source: Facebook Fan page of FIIS

“https://www.facebook.com/fiisftu/posts/776605709205545”

The SIP100 incubator program is designed for individuals and organizations:

+ Have the idea or ownership of research results, technology is feasible.

+ Have a feasible business plan.

+ Demand and commitment to participate in activities of incubation centres such as: promotion, visit, meeting, training, professional training,…

The program attracted a lot of participants and really created a nursery for innovation. This is also an example of how FIIS knows how to apply knowledge to innovation.

3. Conclusion

It can be said that the application of knowledge management in innovation is one of the important factors that make a difference to an organization. FIIS has been applying this in its activities and creating values for Hanoi and for the society. We need to do more in the future.

Writer: Vu Thi Khanh Linh (No.12)

Knowledge Management (KM), Innovation and Firm Performance

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Knowledge Management: KM

This article is mainly about the relationships between KM and Innovation.

Innovation is highly dependent on KM. It can be said that there is no innovation without new ideas and new knowledge creation is a pre-requisite condition for innovation. Innovation is one goal of KM.

You need to base on KM to make Innovation. If you have enough knowledge and you know how to arrange it, you can create innovative ideas and apply them into real.

The article also mentioned about the effects of Innovation on Firm performance. Innovation is considered as a source of a firm competitiveness. Successful innovative activities lead to improvement in terms of new products / services introduction, better quality, reduces cost, and as a result larger market share & higher profitability. It can be said that Innovation is key element to help a firm can survive in the market.

For example, Ernst & Young used Innovation to lead to firm performance through standardization of services and cost-cutting and how personalization knowledge management strategy implement. Meanwhile, Boston Consulting Group, McKinsey lead to firm performance through customizing their services and charging high fees. Numbers of empirical studies have found the effect of knowledge management on firm performance such as Darroch (2005), Calantine et al. (2002), Pang-Lo Liu et al. (2004).

Writer: Vu Thi Khanh Linh (No.12)

Source of the Article: “Strategic Knowledge Management, Innovation and Firm Performance: An Empirical Study in Vietnamese Firms” – Journal of Economics and Development, Vol.16, No.1, April 2014, pp. 60-73