R&D, training and accessibility to finance for innovation: a case of Vietnam, the country in transition

Innovation is consulted a very important activity for any firm and organization especially for business units in a transitional country. By using a binary logistic regression with Vietnam Enterprise Surveys data from World Bank project, this research finds that R&D played a vital role in encouraging innovative activities. Moreover, formal training within businesses has very strong and significant effects on all four different measures of innovation. What's more is that if a manager has experience of 5 or 15 in years in comparison with longer years of experience, marginal effects to probability of occurrence for organizational innovation likely come into being higher. Interestingly, higher obstacles for accessing to financial resources do not reduce innovative level but it does get business units have higher propensity to marketing innovation.