Vietnam has potential characteristics for reforming and successful development. It has experienced a long impressive history that impacted the transformation the internal economic.  In 1986, champagne called “DOIMOI” had known when Vietnam changed from a centrally planned to market economy. At that time, the rate of poverty has reduced significantly. The changing also was proven in success of agricultural, as well as in issuing a lot of comfortable business conditions.  By 2007, GDP growth was taken consider when Vietnam joining WTO, and it got a huge flow of FDI. Even though, Vietnam has overcame difficulty as the inflation has reached 23% by 2011, then the government needed to intervene for stabilization. After that, Vietnam has shown that the potential development when join ASEAN and TPP, and it is expected to earn some additional GPP growth.

There is some recognition for Vietnam, detailed it ranked 78 out of 189 countries in World Bank report for ease of doing business. Moreover, in World Economic Forum’s Global Competitiveness Index for 2014-2015, Vietnam continued to rank 68 out of 144 countries.

Nowadays, it is time for Vietnam to face with so many challenge. That it need to transform from “a low –wage economy to one that comprises a highly skilled, well-trained and sophisticated labor force”.  So, we really optimistic for the developing prospect of Vietnam. However, it will take a support from the government to make the bright and advantage future for economic.

Resource:

http://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1022&context=ami

Writer: Nguyen Mai Huong (number 09)

Duc anh PHU

Vietnam has high growth potential. Moreover 65 percent  of population is working age, there is an attractive dosmetic market. Vietnam’s economy has to shift to a market economy to reform the economy – a structural reform needed to modernize the economy. Provetly levels have dropped dramatically. The government allows state-owned companies to diversify their investments. That is one of the easiest ways to increase GDP. The combination between Vietnam and the world is very impressive. It has joined many economic associations and signed trade agreements. Vietnam could expect to increase GDP from TPP and AEC. Vietnam’s eagerness to sign the TPP and restructure the economy to prepare for future competition.
Vietnam ranked 68 out of 144 economies in the Global Competitiveness Index for the period 2014-2015. There is a lot of room to improve, and Vietnam needs to reform otherwise it will face the risk of falling into the middle income trap. Vietnam has advantages in terms of market size, health, primary education and labor market efficiency – but it suffers from infrastructure. Vietnam must move from a low-wage economy to a highly skilled and trained country. Vietnamese enterprises must stick to the global value chain. The Vietnamese government has streamlined the bureaucracy and improved the role of civil society. Integration will require new standards of fair competition and transparency from the government. I believe that if Vietnam can burn the creativity and dynamism of its people, Vietnam should have the opportunity to thrive and take advantage of its integration into the world economy.

Writer: Nguyen Thu Ha (No.06)

Source of the Article: “The past and the Hopeful Future of Vietnam’s Economy” – by Le Dang Doanh

Thu ha NGUYEN

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

Thi khanh linh VU

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

Thi khanh linh VU

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

Duc anh PHU

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)

Duc anh PHU

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

Thi khanh linh VU

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) = AK^αL^βM^γ

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

Hoang nam NGUYEN