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MINISTRY OF EDUCATION AND TRAINING FOREIGN TRADE UNIVERSITY SUMMARY OF PHD THESIS STUDY ON THE IMPACT OF MULTIFACETED INNOVATION ON THE DEVELOPMENT OF VIETNAMESE ENTERPRISES Major: Interntional Economics Code number: 9310106 HOANG BAO TRAM Hanoi, 2024

I. Application for extension .......................................................................... LIST OF PUBLISHED RESEARCH WORKS 1. Vu, Hoang Nam & Hoang, Bao Tram (2021). “Business environment and innovation persistence: the case of small- and medium-sized enterprises in Vietnam”, Economics of Innovation and New Technology, 30(3), 239-261. 2. Vu Hoang Nam, Hoang Bao Tram, Le Thi Ngoc Bich, Nguyen Thanh Van (2022), “Effects of non-technological innovation on technological innovation of small- and medium-sized enterprises: The role of the local business environment”, Journal of General Management, 03063070221135099. https://doi.org/10.1177/03063070221135099 3. Vu, N. H., Bui, T. A., Hoang, T. B., & Pham, H. M. (2022). “Information technology adoption and integration into global value chains: Evidence from small- and medium-sized enterprises in Vietnam”. Journal of International Development, 34(2), 259–286. https://doi.org/10.1002/jid.3591 4. Vu, Hoang-Nam & Nguyen, Tram-Anh & Bao, Tram & Nguyen, Cuong. (2023). “Formal firms with bribery in a dynamic business environment”. Journal of Business Ethics. 1-19. 10.1007/s10551-023-05469-y. 5. Le Thi Ngoc Bich, Hoang Bao Tram, Doan Quang Hung, Fillipo Marchesani, Bui Quang Tuan (2022), “Firm innovation strategies and integration into the global value chains: How does the local business environment matter?”, Journal of International Economics and Management, 22(3), 62–90. https://doi.org/10.38203/jiem.022.3.0054 6. Hoàng Bảo Trâm, Bùi Quang Tuấn, Bùi Tùng Dương, Vũ Hoàng Nam, Nguyễn Xuân Khuê, Nguyễn Thị Khánh Chi (2023). “Vai trò của chất lượng môi trường kinh doanh đối với kết quả hoạt động của các doanh nghiệp nhỏ và vừa”. Tạp chí Nghiên cứu kinh tế, số 4 (539), tr. 28-42. 7. Hoàng Bảo Trâm (2018). “Thách thức đối với đổi mới sáng tạo tại Việt Nam: Nhìn từ chỉ số đầu vào đổi mới sáng tạo”, Tạp chí Kinh tế Đối ngoại, số 105 (06/2018), tr.15-27.
1 INTRODUCTION 1. Research background Innovation has long been dissused in economic studies as one of the main driving forces of economic growth and development. Unlike traditional economic development models, innovation- based development is expected to bring sustainability to the economy thanks to its ability to increase productivity, have strong spillover effects and maintain long term growth. In the context of globalization and the rapid industrial revolution 4.0, the role of innovation becomes even more preeminent since only through innovation that technological advances be developped and spread quickly. Also through innovation, economic organizations increase their ability to adapt and elaborate solutions to meet increasingly rapid changes in technology, environment, economy and society. In the development process, the business community is seen as the place where innovation originates, implements, spreads and be effectively exploited in many different aspects. Not only contributing to firms’ revenue and profits (Klomp and Van Leeuwen, 2001; Colombelli, Haned and Le Bas, 2013; Woltjer et al., 2021), innovation activities also help businesses to increase productivity (Parisi, Schiantarelli and Sembenelli, 2006; Morris, 2018) and access larger markets (Becker and Egger, 2013; Azar and Ciabuschi, 2017). In the context of increasingly fierce competitive pressure , not only domestically but also on international market, while technology life-cycles are getting shorter, businesses are forced to innovate continuously and in all aspects to become different and achieve higher performance. Combining a variety of innovation activities or implementing multifaceted innovation has been suggested by several studies as an option which allow businesses to outperform non-innovators and businesses that carry out single innovation (Polder et al., 2010; Tavassoli and Karlsson, 2015). In Vietnam, after nearly forty years of economic reform, the country has reached impressive achievements in economic and social development. However, available natural advantages such as abundant labor, diverse natural resources, favorable geographical conditions... are not enough to realize the goal of making Vietnam a developed, high-income country by 2045. Along with the change in growth strategy, the Vietnam Socio-Economic Development Strategy for the period 2011 - 2020 as well as The socio-economic development strategy for the period 2021 - 2030 emphasizes the role of science and technology and innovation as an important driving force of economic growth. Improving innovation capacity has become urgent so that businesses can enhance their position in the global integration process. Using advanced and modern technology in production will create quality products while increasing productivity, thereby creating high and sustainable competitiveness for Vietnamese businesses and the entire economy.

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