The Government Supporting Policy for Sustainable Development of Small and Medium Industrial Enterprises in Vietnam

Article history Received: 5 March 2021 Accepted: 24 March 2021 Published Online: 20 April 2021 In recent years, the issues of sustainable development in general and enterprise's sustainable development have always been given special attention by government management agency, including small and mediumsize industrial enterprises. The study conducted a survey of 316 industrial SMEs in three regions of the North, Central and South of Vietnam with the main survey subjects being managers in enterprises. The main purpose of the study is to assess the impact of the government support policies compared to other factors developed in the research model affecting the sustainable development of small and medium-sized industrial enterprises (SMEs) in Vietnam. In this research, the authors employed exploratory factor analysis to identify 4 factors affecting the sustainable development of SMEs. The research results show that the government support policies have an important role but not strongly influence human resource factors, financial factor and social responsibility (SR) policies of enterprises in their sustainable development for industrial SMEs in Vietnam.