ENTREPRENEURSHIP AND INNOVATION: RESEARCH ON BUSINESS SUPPORT POLICIES IN VIETNAM

Abstract

ABSTRACT: Entrepreneurship and innovation are playing an increasingly important role in the economy and are fundamental elements in modern growth theories. The experience from other countries, especially those successful in supporting and promoting business innovation, is highly significant for Vietnam. International experience shows that public procurement is a widely and successfully used policy tool in fostering business innovation worldwide. The demand and regulations from public procurement stimulate proactive innovation, product development in areas beneficial to the nation, and with great commercial potential.