Authors :
Võ Thị Thu Hồng; Nguyễn Vũ Hiếu Thảo
Volume/Issue :
Volume 10 - 2025, Issue 1 - January
Google Scholar :
https://tinyurl.com/26m2v8nr
Scribd :
https://tinyurl.com/ayf5b8n3
DOI :
https://doi.org/10.5281/zenodo.14891759
Abstract :
In the context of Industry 4.0 and the strong development of digital technology, the open innovation model has
become a strategic factor that helps businesses enhance competitiveness and adapt to rapid market changes. This paper
uses secondary data collection methods, statistics, analysis, and expert methods to introduce the theoretical basis of open
innovation, the challenges and opportunities enterprises in Ho Chi Minh City face when applying this model, and the
experiences of global enterprises in implementing open innovation. Additionally, the paper surveys the current application
of open innovation in local enterprises, thereby proposing a series of solutions such as enhancing collaboration between
businesses and research institutes, promoting connections with the startup ecosystem, and supporting policies from local
authorities. The research results contribute to providing a comprehensive perspective and specific recommendations to
promote the open innovation model in Vietnam, particularly in Ho Chi Minh City.
Keywords :
Open Innovation, Enterprises, Ho Chi Minh City, Industry 4.0, Startup Ecosystem, Research Collaboration.
References :
- Chesbrough, H. (2003). Open Innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business Press.
- Ronald H. Coase, The Problem of Social Cost (1960), Transaction Cost Theory 1937.
- Decree No. 94/2020/ND-CP regulating mechanisms and preferential policies for the National Innovation Center.
- Ministry of Planning and Investment (2023). White Book of Vietnamese Enterprises 2023. H. Statistical Publishing House
- Le Anh Hung, Current status of innovation activities of Vietnamese enterprises, Industry and Trade Magazine - Results of scientific research and technology application, No. 19, August 2020
- https://www.most.gov.vn/vn/tin-tuc/20107/doi-moi-sang-tao-mo--co-hoi-va-thach-thuc-cho-doanh-nghiep-viet-nam-.aspx
- Decision No. 569/QD-TTg, dated May 11, 2022, of the Prime Minister “Issuing the Strategy for Science, Technology and Innovation Development to 2030”;
- National Agency for Science and Technology Information. Innovation policies in the digital age, 2019
In the context of Industry 4.0 and the strong development of digital technology, the open innovation model has
become a strategic factor that helps businesses enhance competitiveness and adapt to rapid market changes. This paper
uses secondary data collection methods, statistics, analysis, and expert methods to introduce the theoretical basis of open
innovation, the challenges and opportunities enterprises in Ho Chi Minh City face when applying this model, and the
experiences of global enterprises in implementing open innovation. Additionally, the paper surveys the current application
of open innovation in local enterprises, thereby proposing a series of solutions such as enhancing collaboration between
businesses and research institutes, promoting connections with the startup ecosystem, and supporting policies from local
authorities. The research results contribute to providing a comprehensive perspective and specific recommendations to
promote the open innovation model in Vietnam, particularly in Ho Chi Minh City.
Keywords :
Open Innovation, Enterprises, Ho Chi Minh City, Industry 4.0, Startup Ecosystem, Research Collaboration.
