Drivers of Innovation in Vietnamese Commercial Banks

This article develops and operationalizes an international-journal style empirical framework for examining the drivers of innovation in Vietnamese commercial banks through a linear model. Drawing on the resource-based view, dynamic capabilities, and the technology-organization-environment framework, the study argues that innovation performance in banks is jointly shaped by strategic leadership commitment, technological capability, human capital quality, organizational learning capability, regulatory support, and fintech collaboration intensity. The paper translates these theoretical relationships into a bank-level survey design that can be estimated with ordinary least squares (OLS) using heteroskedasticity-robust standard errors, hierarchical model building, and clustered inference when multiple responses are obtained from the same bank. The manuscript contributes in three respects. First, it shifts the focus of Vietnamese banking research from the consequences of digital transformation to the antecedents of innovation itself. Second, it embeds bank innovation in the institutional context of Vietnam’s rapidly digitalizing and increasingly regulated financial system. Third, it provides a complete measurement architecture, conceptual model, and empirical reporting logic that can be deployed immediately in fieldwork. The paper suggests that boards and executive teams should institutionalize innovation governance, invest in interoperable technology platforms, strengthen staff capability development, and use structured collaboration with fintech firms to accelerate innovation outcomes. Regulators can reinforce these efforts through predictable data-sharing rules, cybersecurity standards, and supervisory learning from sandbox-based experimentation. Because no raw dataset was supplied for this task, the manuscript specifies the full empirical architecture and interpretation logic without fabricating statistical coefficients.