139 The impacts of technological innovation and institutional quality on the productivity of Vietnamese manufacturing firms

This research aims to assess the pivotal role of total factor productivity (TFP) in shaping performance manufacturing enterprises Vietnam. It systematically examines influence technological innovation and quality economic institutions on TFP these firms. Employing robust methodologies such as control function (CF) feasible generalized least squares regression (FGLS) models, a comprehensive panel dataset Vietnamese companies is meticulously scrutinized. The data, sourced from General Statistics Office Vietnam Chamber Commerce Industry, spans five-year period 2015 2019. findings this study elucidate several key insights. First, it reveals that landscape predominantly characterized by labor-intensive operations, with an apparent trend toward increasing returns scale. Furthermore, underscores TFP's contribution output remains relatively modest, averaging at 1.933 over Additionally, identifies concerning decline average score, along widening gap between firms, which tends exacerbate during period. Finally, establishes positive correlation investments production technology governance within provincial governments Vietnam, both significantly bolster