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The Role of Social Investment in Information, Communication, Science, and Technology on the Productivity Growth of Enterprises in Vietnam

In: Emerging and Evolving Business and Management Issues in Vietnam Research and Practice

Author

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  • Quang Hai Nguyen

Abstract

The development of science and technology (ST) and information and communication (IC) has positively affected countries socioeconomically. The aim of this study is to explore the impact of social investment in IC and ST on the output growth of enterprises in different industries. The study focuses on enterprises in 77 Tier-2 industries in Vietnam and is divided into three samples: industry and construction, services, and overall data for the period 2008–2019. The chosen estimator is the panel generalized method of moments (GMM). The results were checked for robustness via comparison with the panel least squares (LS) method. The results confirm that business capital and labor are still the two basic inputs that determine the output value of enterprises. However, social investment in IC and ST also plays a significant role. Different roles of explanatory factors for output value were also found between enterprises in two economic sectors: the industry and construction sector, and the service sector. Enterprises in industry and construction benefit more from society’s investment in IC and ST than enterprises in the service sector.

Suggested Citation

  • Quang Hai Nguyen, 2024. "The Role of Social Investment in Information, Communication, Science, and Technology on the Productivity Growth of Enterprises in Vietnam," World Scientific Book Chapters, in: Hoai Trong Nguyen & Thanh Dinh Su & Toan Luu Duc Huynh & Angelina Nhat-Hanh Le (ed.), Emerging and Evolving Business and Management Issues in Vietnam Research and Practice, chapter 10, pages 315-334, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811286100_0010
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    Keywords

    Strategic Management; Environmental Uncertainty; Digital Marketing; Marketing and Digital Shift; Cultural Intelligence; Quality Measurement; Prosumption; Transitional Economy; IoT Adoption; Market Orientation; Social Investment; Productivity Growth; Fintech; New Managerialism; Financial Literacy; Digital Literacy; Personal Financial Management; Digital Financial Services; Vietnam;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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