Value chain management has the potential benefit to deliver best value outputs, while improves quality, cost and time. However, it is not widely known and applied on Vietnam. Thus, the research focuses on main issues of current management and value chain management on Vietnamese companies to find their critical efficiencies and acceptability. Data collection was conducted on interviewing thirty- seven top managers and questionnaire forty line managers of fifty pure Vietnamese companies. Eight foreign top managers are moreover interviewed and benchmarked against local managers...