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Creating Markets in Vietnam: Bolstering the Private Sector During COVID-19 and Beyond - Relief, Restructuring, and Resilient Recovery(World Bank, Washington, DC:, 2021-09) World Bank ; International Finance CorporationThe objective of the Vietnam Country Private Sector Diagnostic (CPSD) is to examine opportunities and challenges, both cross-sector and sector-specific, to strengthen private sector development and facilitate investments in Vietnam. The CPSD is closely aligned with the government’s strategic priorities (as outlined in Vietnam’s Socio- Economic Development Strategy [SEDS] 2021-2030 and the Vietnam 2035 report) and World Bank Group policy priorities and programs (WBG Vietnam Country Partnership Framework [CPF] FY18–FY22 and IFC’s Vietnam Country Strategy 2020–22). The CPSD relies on multiple data resources, including knowledge from the literature (including sectoral studies) and from World Bank Group staff, enterprise surveys, high frequency/ real-time data generated by private firms, and interviews and consultations with the private sector, Vietnamese authorities, and other external stakeholders.
Publication(World Bank, Washington, DC, 2021) World BankThe science, technology, and innovation (STI) report provide analytical support for Vietnam’s upcoming ten-year STI strategy 2021-2030 and the socio-economic development strategy (SEDS) 2021-2030. The STI report has been prepared in response to a request from the Ministry of Science and Technology (MOST). The new STI strategy is expected to contribute to a strengthened national innovation system (NIS) that will promote a more innovation-driven enterprise sector, and in turn lead to sustained high-growth in Vietnam. As the Coronavirus disease 2019 (COVID-19) triggered economic shock continues to spread globally and its impact deepens in Vietnam, the importance of innovation and technology adoption for business resilience as well as for productive growth has been amplified. This report will highlight specific changes in policies and present institutional options to strengthen technology adoption and innovation in enterprises to inform the new STI strategy 2021-2030 and the SEDS 2021-2030 in section one. Towards this end, section two presents the conceptual framework for the study. A brief overview of the current STI policy institutional framework is presented in section three. Section four reviews the state of Vietnam’s developing NIS and identifies the recurring gaps that hinder Vietnamese enterprises from adopting and applying technology. The coherence and quality of STI policies - the last pillar of the NIS - is examined in section five. Section six reviews the implication of the emerging domestic and global shifts and how they inform the new STI strategy. Section seven provides a roadmap of priority reform actions that are needed to reset the new STI strategy towards business innovation and technology adoption.