Special issue of Innovation and Development JUNE 2021, Asia-Pacific Economic Review

1. The sector of impact startups in Vietnam

Truong Thi Nam Thang, Nguyen Thị Hong Van

Special issue of innovation and development June 2021, page 3 


Abstract: Social enterprises have been included as a specific form of enterprises that have the goal of solving social and environmental problems, serving the community in the revised Enterprise Law 2014 (Article 10) and continued to be included in Article 10, Enterprise Law 2020. Since 2016, startups have been considered a key driver for economic growth in Vietnam. Sustainable development has been included in the objectives of national socio-economic development plan from 2015. Social Impact startups are often understood as a ‘hybrid’ model between innovative startups and social enterprises. The study was conducted through a survey on 100 impact startups, which provides a better understanding of the social Impact startups sector in Vietnam. Based on the results, some recommendations to promote entrepreneurial activities for sustainable development in Vietnam are proposed.

Keywords: Social enterprises, social impact startups, startups, sustainable development.


2. Recommending the analysis framework for startup ecosystem for youth

Nguyen Hoang Hieu

Special issue of innovation and development June 2021, page 13 


Abstract: Promoting the growth in the number of enterprises, especially fast-growing ones, is recently becoming the central focus for policy development in Vietnam. However, it is not enough to just create favorable conditions or generally stable environment for businesses. Therefore, the startup ecosystem approach has been proposed by researchers and policy makers. However, no startup ecosystem can be fully sustainable without considering the local situation and specific context, so the regions need building ecosystems that correspond to the environment and local cultural-social attributes in order to help entrepreneurs to become successful. Based on a theoretical and practical overview, the authors of the article have proposed an analytical framework for the startup ecosystem for young people, in which the determining elements of the startup ecosystem are relationships between resources and environments.

Keywords: An analytical framework for startup ecosystem, entrepreneurship, start-up ecosystem, youth startup.


3. Corporate Social Responsibility: Case study of industrial companies in Phu Tho

Vu Thi Phuong Lan

Special issue of innovation and development June 2021, page 14 


Abstract: Corporate social responsibility is not a new topic in the world, but in developing countries like Vietnam, this topic still has many different interpretations and perspectives, especially about the benefits. Realization brings social responsibility. The research was conducted in 253 industrial enterprises in Phu Tho province. With the aim of finding the relationship between the implementation of social responsibility and the financial performance of the business. Research results have shown a positive relationship between social responsibility performance and corporate financial performance. This result has great implications for the development of plans to allocate and use financial resources of industrial enterprises for development.

Keywords: Corporate social responsibility, industrial enterprise, Phu Tho.

4. Literature Review on the Relationship between Leadership Styles and Well-being of the Employees

Truong Ngoc Anh

Special issue of innovation and development June 2021, page 34 


Abstract: This paper reviews the relationship between leadership styles and employee’s psychological well-being. First, the author provided a review in the area of employee’s psychological well-being and the relationship between leadership styles and employee’s psychological well-being. Second, from the results, the author suggest that transformational leadership style outperformed the effect of transactional leadership style and laissez-faire leadership style on employee’s psychological well-being. The author is conducting an empirical survey to further understanding the relationships.

Keywords: Employee’s well-being, laissez-faire leadership, leadership styles, transactional leadership, transformational leadership.


5. Measuring impacs of agricultural social businesses

Phan Phương Nam, Phung Thi Thu Trang, Truong Thi Nam Thang, Ashley Stevens

Special issue of innovation and development June 2021, page 44


Abstract: Social impact business (SIB) is a promising sector that contribute to economic, social and also environmental targets of Vietnam by its dual-goal model. However, for the most part, SIBs are facing various challenges where impact measurement is their top weakness. A main reason is the absence of an impact measurement tool that is relevant to Vietnam context and simple for SIBs to adapt. Thus, it is necessary to implement a research developing a compatible impact measurement tool for SIB sector in this country. Within this research, an impact measurement framework of SIB is proposed with 3 areas of measurement: economic, social and environmental impact. The framework is tested by a survey on 20 randomly-selected SIBs in agriculture, which is the largest sector SIBs are engaging in. As a preliminary research, this survey shows practical values of the new impact measurement framework in both academic and business sides, and opens new research directions to further complete the impact measurement tool for SIB sector in general.

Keywords: Agriculture sector, impact measurement, social impact business.


6. Factors affecting entrepreneurial intention of economics students

Nguyen Hoang Hieu

Special issue of innovation and development June 2021, page 56

Abstract: This paper applied Theory of Planned Behaviour to analyse Entrepreneurial intention of senior economics students. Six main factors were determined after the preliminary qualitative research, including Attitude towards entrepreneurial behaviour, Subjective norms, Perceived behavioural control, Perceived financial capacity, Personality and Education. A survey was developed with the participant of 434 senior students in National Economics University (NEU). The results show that Perceived behavioural control has the highest impact on Entrepreneurial intention, along with Entrepreneurial motivation and Personality. On the other hand, the impacts of Perceived financial capacity and Education are unclear. The study provides a better understanding of Entrepreneurial intention of senior economics students and the factors that affect it. Based on the results, some recommendations to promote entrepreneurial activities are proposed.

Keywords: Entrepreneurial intention, Theory of Planned Behaviour, senior economics students.