Abstract
This empirical paper focuses on the critical success factors of international projects in Vietnam. Our regression results indicate that two factors including project conditions and partners’ capacities do not have significant impact on the project success in Vietnam. In contrast, we found only two factors including partners’ commitments and communication that have significant and positive impact on the project success. So, in an environment with many policy changes like Vietnam, if the stakeholders make strong commitments, the success likelihood of international project is higher. Also, smooth internal and external communication contributes plays an important role in the project management, stakeholder connection and decision-making process that are favorable for the project success.
Highlights
In the trend of globalization and economic integration, Vietnam becomes an official member of many international organizations, such as: WTO, ASEAN, APEC, ASEM ... by participating into several international trade agreements, recently the TTP (Trans-Pacific Strategic Economic Partnership Agreement)
Our research focuses on the actual situation of international project implementation, especially that of MEPD project by analyzing assessment results of investors, contractors, consultants and project team of the factors believed to have an impact on project success
Through the tests and research models in the literature, we found the impact of these factors on the project success, this research scale was small
Summary
In the trend of globalization and economic integration, Vietnam becomes an official member of many international organizations, such as: WTO, ASEAN, APEC, ASEM ... by participating into several international trade agreements, recently the TTP (Trans-Pacific Strategic Economic Partnership Agreement). By participating into several international trade agreements, recently the TTP (Trans-Pacific Strategic Economic Partnership Agreement). This brings many benefits for Vietnam by increasing the number of international projects. Regarding the number of international projects, there are 2,120 new foreign investment projects with a total registered capital of 16.34 billion USD. Foreign investors’ newly-registered and added capital totaled of 24.1 billion USD in 2015. The Vietnam government and enterprises pay more and more attention to the critical factors influencing the international project success. By clarifying and analyzing the critical success factors of international projects, we propose a number of recommendations for the government as well as for investors in attracting and implementing international projects
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