Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution

Tran Duc Can; Nguyen Huu Xuyen; Nguyen Thi Hong Minh; Pham Thi Ha; Nguyen Hong Anh; Nguyen Thi Lan Huong

doi:doi:10.11648/j.jim.20200902.11

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Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution

Tran Duc Can, Nguyen Huu Xuyen, Nguyen Thi Hong Minh, Pham Thi Ha, Nguyen Hong Anh, Nguyen Thi Lan Huong

Published in Journal of Investment and Management (Volume 9, Issue 2)

Received: 21 April 2020 Accepted: 13 May 2020 Published: 29 May 2020

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Abstract

Supporting enterprises to master technology plays an important role in enhancing endogenous technological capacity of enterprises and promoting economic development based on science, technology and innovation. In Vietnam, the Government has paid attention and put priorities on supporting enterprises to improve their technological mastery. However, the technological level of Vietnamese enterprises is still low, negatively affecting the position and competitiveness of enterprises as well as economic development of the country. Based on assessment of the current status of technology mastering support policies, this paper proposes policy recommendations on improving technology mastery of enterprises in accordance with Vietnam's conditions in the context of the fourth industrial revolution. The research conducted a survey to investigate enterprises most of whom are in the mechanical industry to collect information on the current situation of enterprises’ technology and their benefits from supporting policies on enterprises’ technology mastery. Questionnaires were sent to 132 enterprises with 89 responses. Based on survey results, the authors suggest that the Vietnamese Government should create favorable conditions for enterprises to set up a research and development department in order to accelerate the process of research, improvement, decoding, mastering and innovation of technologies; support businesses in seeking technological information, improving the procedures of credit incentives for businesses in technology innovation and transfer, improving the capacity of human resources to master and apply scientific and technological advances; and create a more favorable legal corridor to accelerate the process of applying technologies of the fourth industrial revolution into production and business.

Published in	Journal of Investment and Management (Volume 9, Issue 2)
DOI	10.11648/j.jim.20200902.11
Page(s)	40-46
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Technology Mastery, Policies on Supporting Technological Mastery

References

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[2]	General Statistics Office (2017), Statistical Yearbook, Statistical Publishing House, Vietnam.
[3]	Institute of Economic Research and Development (2017), Survey about research and development in enterprises, Hanoi.
[4]	Ministry of Science and Technology (2018), Survey on innovation of Vietnamese enterprises, Science and Technology Publishing House, Vietnam.
[5]	National Department of Science and Technology Information (2019), Innovation policies in the digital age, Hanoi.
[6]	Nguyen Huu Xuyen (2014), Science and Technology Innovation Policy, National Economics University Publishing House, Hanoi.
[7]	OECD (1996), Proposed guidelines for collecting and interpreting technological innovation data, Oslo manual.
[8]	OECD (2005), Guideline for collecting and interpreting innovation data, 3rd edition, Oslo manual.
[9]	OECD (2007), Innovation and Growth: Rational for an Innovation Strategy, Paris.
[10]	Ramanathan (1995), Technological capacity of the transferors and transfers, The lecture notes of technology transfer, AIT.
[11]	Sharif (1987), Management of technology for developing countries, Asia-Pacific Economic and Social Commission (ESCAP).
[12]	UNIDO (1996), Industrial Development Global Report, Oxford University Press.
[13]	Vietnam Chamber of Commerce and Industry (2015), Survey on enterprises, Vietnam.
[14]	World Bank (2004), Logical Framework Approach to Project Cycle Management, Public Disclosure Authorized, Washington, DC 20433.
[15]	Website: chinhphu.vn: Look up laws, decisions, circulars and documents related to science and technology.

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APA Style

Tran Duc Can, Nguyen Huu Xuyen, Nguyen Thi Hong Minh, Pham Thi Ha, Nguyen Hong Anh, et al. (2020). Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution. Journal of Investment and Management, 9(2), 40-46. https://doi.org/10.11648/j.jim.20200902.11

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ACS Style

Tran Duc Can; Nguyen Huu Xuyen; Nguyen Thi Hong Minh; Pham Thi Ha; Nguyen Hong Anh, et al. Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution. J. Invest. Manag. 2020, 9(2), 40-46. doi: 10.11648/j.jim.20200902.11

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AMA Style

Tran Duc Can, Nguyen Huu Xuyen, Nguyen Thi Hong Minh, Pham Thi Ha, Nguyen Hong Anh, et al. Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution. J Invest Manag. 2020;9(2):40-46. doi: 10.11648/j.jim.20200902.11

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@article{10.11648/j.jim.20200902.11,
  author = {Tran Duc Can and Nguyen Huu Xuyen and Nguyen Thi Hong Minh and Pham Thi Ha and Nguyen Hong Anh and Nguyen Thi Lan Huong},
  title = {Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution},
  journal = {Journal of Investment and Management},
  volume = {9},
  number = {2},
  pages = {40-46},
  doi = {10.11648/j.jim.20200902.11},
  url = {https://doi.org/10.11648/j.jim.20200902.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20200902.11},
  abstract = {Supporting enterprises to master technology plays an important role in enhancing endogenous technological capacity of enterprises and promoting economic development based on science, technology and innovation. In Vietnam, the Government has paid attention and put priorities on supporting enterprises to improve their technological mastery. However, the technological level of Vietnamese enterprises is still low, negatively affecting the position and competitiveness of enterprises as well as economic development of the country. Based on assessment of the current status of technology mastering support policies, this paper proposes policy recommendations on improving technology mastery of enterprises in accordance with Vietnam's conditions in the context of the fourth industrial revolution. The research conducted a survey to investigate enterprises most of whom are in the mechanical industry to collect information on the current situation of enterprises’ technology and their benefits from supporting policies on enterprises’ technology mastery. Questionnaires were sent to 132 enterprises with 89 responses. Based on survey results, the authors suggest that the Vietnamese Government should create favorable conditions for enterprises to set up a research and development department in order to accelerate the process of research, improvement, decoding, mastering and innovation of technologies; support businesses in seeking technological information, improving the procedures of credit incentives for businesses in technology innovation and transfer, improving the capacity of human resources to master and apply scientific and technological advances; and create a more favorable legal corridor to accelerate the process of applying technologies of the fourth industrial revolution into production and business.},
 year = {2020}
}

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TY  - JOUR
T1  - Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution
AU  - Tran Duc Can
AU  - Nguyen Huu Xuyen
AU  - Nguyen Thi Hong Minh
AU  - Pham Thi Ha
AU  - Nguyen Hong Anh
AU  - Nguyen Thi Lan Huong
Y1  - 2020/05/29
PY  - 2020
N1  - https://doi.org/10.11648/j.jim.20200902.11
DO  - 10.11648/j.jim.20200902.11
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 40
EP  - 46
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20200902.11
AB  - Supporting enterprises to master technology plays an important role in enhancing endogenous technological capacity of enterprises and promoting economic development based on science, technology and innovation. In Vietnam, the Government has paid attention and put priorities on supporting enterprises to improve their technological mastery. However, the technological level of Vietnamese enterprises is still low, negatively affecting the position and competitiveness of enterprises as well as economic development of the country. Based on assessment of the current status of technology mastering support policies, this paper proposes policy recommendations on improving technology mastery of enterprises in accordance with Vietnam's conditions in the context of the fourth industrial revolution. The research conducted a survey to investigate enterprises most of whom are in the mechanical industry to collect information on the current situation of enterprises’ technology and their benefits from supporting policies on enterprises’ technology mastery. Questionnaires were sent to 132 enterprises with 89 responses. Based on survey results, the authors suggest that the Vietnamese Government should create favorable conditions for enterprises to set up a research and development department in order to accelerate the process of research, improvement, decoding, mastering and innovation of technologies; support businesses in seeking technological information, improving the procedures of credit incentives for businesses in technology innovation and transfer, improving the capacity of human resources to master and apply scientific and technological advances; and create a more favorable legal corridor to accelerate the process of applying technologies of the fourth industrial revolution into production and business.
VL  - 9
IS  - 2
ER  -

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Author Information

Tran Duc Can

University of Economics - Technology for Industries, Ha Noi, Vietnam
Nguyen Huu Xuyen

National Institute of Patent and Technology Exploitation, Ha Noi, Vietnam
Nguyen Thi Hong Minh

Faculty of Management Science, National Economics University, Ha Noi, Vietnam
Pham Thi Ha

National Council for Science and Technology Policy, Ha Noi, Vietnam
Nguyen Hong Anh

National Council for Science and Technology Policy, Ha Noi, Vietnam
Nguyen Thi Lan Huong

Faculty of Mechanical and Electrical Engineering, Hanoi Industrial Textile Garment University, Ha Noi, Vietnam

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APA Style

Tran Duc Can, Nguyen Huu Xuyen, Nguyen Thi Hong Minh, Pham Thi Ha, Nguyen Hong Anh, et al. (2020). Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution. Journal of Investment and Management, 9(2), 40-46. https://doi.org/10.11648/j.jim.20200902.11

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ACS Style

Tran Duc Can; Nguyen Huu Xuyen; Nguyen Thi Hong Minh; Pham Thi Ha; Nguyen Hong Anh, et al. Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution. J. Invest. Manag. 2020, 9(2), 40-46. doi: 10.11648/j.jim.20200902.11

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AMA Style

Tran Duc Can, Nguyen Huu Xuyen, Nguyen Thi Hong Minh, Pham Thi Ha, Nguyen Hong Anh, et al. Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution. J Invest Manag. 2020;9(2):40-46. doi: 10.11648/j.jim.20200902.11

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@article{10.11648/j.jim.20200902.11,
  author = {Tran Duc Can and Nguyen Huu Xuyen and Nguyen Thi Hong Minh and Pham Thi Ha and Nguyen Hong Anh and Nguyen Thi Lan Huong},
  title = {Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution},
  journal = {Journal of Investment and Management},
  volume = {9},
  number = {2},
  pages = {40-46},
  doi = {10.11648/j.jim.20200902.11},
  url = {https://doi.org/10.11648/j.jim.20200902.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20200902.11},
  abstract = {Supporting enterprises to master technology plays an important role in enhancing endogenous technological capacity of enterprises and promoting economic development based on science, technology and innovation. In Vietnam, the Government has paid attention and put priorities on supporting enterprises to improve their technological mastery. However, the technological level of Vietnamese enterprises is still low, negatively affecting the position and competitiveness of enterprises as well as economic development of the country. Based on assessment of the current status of technology mastering support policies, this paper proposes policy recommendations on improving technology mastery of enterprises in accordance with Vietnam's conditions in the context of the fourth industrial revolution. The research conducted a survey to investigate enterprises most of whom are in the mechanical industry to collect information on the current situation of enterprises’ technology and their benefits from supporting policies on enterprises’ technology mastery. Questionnaires were sent to 132 enterprises with 89 responses. Based on survey results, the authors suggest that the Vietnamese Government should create favorable conditions for enterprises to set up a research and development department in order to accelerate the process of research, improvement, decoding, mastering and innovation of technologies; support businesses in seeking technological information, improving the procedures of credit incentives for businesses in technology innovation and transfer, improving the capacity of human resources to master and apply scientific and technological advances; and create a more favorable legal corridor to accelerate the process of applying technologies of the fourth industrial revolution into production and business.},
 year = {2020}
}

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TY  - JOUR
T1  - Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution
AU  - Tran Duc Can
AU  - Nguyen Huu Xuyen
AU  - Nguyen Thi Hong Minh
AU  - Pham Thi Ha
AU  - Nguyen Hong Anh
AU  - Nguyen Thi Lan Huong
Y1  - 2020/05/29
PY  - 2020
N1  - https://doi.org/10.11648/j.jim.20200902.11
DO  - 10.11648/j.jim.20200902.11
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 40
EP  - 46
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20200902.11
AB  - Supporting enterprises to master technology plays an important role in enhancing endogenous technological capacity of enterprises and promoting economic development based on science, technology and innovation. In Vietnam, the Government has paid attention and put priorities on supporting enterprises to improve their technological mastery. However, the technological level of Vietnamese enterprises is still low, negatively affecting the position and competitiveness of enterprises as well as economic development of the country. Based on assessment of the current status of technology mastering support policies, this paper proposes policy recommendations on improving technology mastery of enterprises in accordance with Vietnam's conditions in the context of the fourth industrial revolution. The research conducted a survey to investigate enterprises most of whom are in the mechanical industry to collect information on the current situation of enterprises’ technology and their benefits from supporting policies on enterprises’ technology mastery. Questionnaires were sent to 132 enterprises with 89 responses. Based on survey results, the authors suggest that the Vietnamese Government should create favorable conditions for enterprises to set up a research and development department in order to accelerate the process of research, improvement, decoding, mastering and innovation of technologies; support businesses in seeking technological information, improving the procedures of credit incentives for businesses in technology innovation and transfer, improving the capacity of human resources to master and apply scientific and technological advances; and create a more favorable legal corridor to accelerate the process of applying technologies of the fourth industrial revolution into production and business.
VL  - 9
IS  - 2
ER  -

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