The study aims to contribute to the improvement of project management in Vietnam. It focuses on developing new critical success factors (CSFs) which can be used to assess the success of project management in the country. This is a promising issue considering the rapid changes occurring within the business environment. The reason is because CSFs carry great consequences on project management issues, particularly in the context of Vietnam, which is currently experiencing many big scale projects involving both local and foreign investors. Two applications are utilised. One is to adapt the business model of Belassi and Tukel (1996) to observe the transitional and emerging economy of Vietnam. The other is to examine the data collected from a survey to examine the new CSFs which can then be used to assess the success of its projects and project management in Vietnam. The research results showed some remarkable differences between CSFs of Vietnam and foreign countries in both number of success factors and its impact levels which should be paid attention by foreign project managers/owners when doing investment and project management in Vietnam. The outcome generated can be useful to project owners/managers as well as policy makers in Vietnam’s business environment.

Abstract
 1. Introduction
 2. Literature Review
  2.1. Project Success and Project Management Success
  2.2. Factors Affecting Project Management Success
 3. Methodology
  3.1. Qualitative Approach – The In-depth Interview
  3.2. Quantitative Approach – The Regression Model
 4. Results and Discussion
  4.1. Factor Analysis
  4.2. Regression Results
  4.3. Hypothesis Testing
 5. Conclusion and Suggestions
  5.1. Conclusion
  5.2. Main Findings
  5.3. Limitations and Recommendations
 References

• Viet Quoc PHAM(Dean, UFM Graduate School, University of Finance-Marketing, Vietnam) Corresponding Author.
• Bao Khac Quoc NGUYEN(School of Finance, University of Economics Ho Chi Minh City, Vietnam.)
• Binh Van TU(School of International Business–Marketing, University of Economics Ho Chi Minh City, Vietnam.)
• Huong Thi Thanh PHAM(School of Economics and Management, Hanoi University of Science & Technology, Vietnam.)
• Thanh Quoc LE(Institute of Applied Research, University of Finance- Marketing, Ho Chi Minh City, Vietnam.)