Innovation practices at Vietnamese manufacturers: the impacts of innovation on profitability and growth

In an effort of the Vietnamese government to improve the country's innovativeness, the Ministry of Science and Technology (MOST) carried out a research to investigate Vietnamese companies' current state of innovation. Data of 510 manufacturers used in this paper was extracted from the survey campaign by the MOST. Via statistical analysis, findings indicated that only a humble share of Vietnamese companies is currently performing innovative activities. These firms invest the most on new technology. When it comes to the relationship between innovative performance and firm performance, significant regressive relationships have been found yet, the results are dissimilar across industries. Besides, innovative performance displayed mixed effects on performance, which seems to confirm previous literatures' diverse receptions about this topic.