Open AccessFactors affecting SMEs’ development in Vietnam
Author(s) -
Đặng Thị Hương,
Vu Viet Ninh,
Nguyen Dinh Hoan,
Dinh Quang Toan,
Nguyễn Thị Hồng Vân,
Dang Thi Lan
Publication year - 2022
Publication title -
accounting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.175
H-Index - 5
eISSN - 2369-7407
pISSN - 2369-7393
DOI - 10.5267/j.ac.2021.7.007
Subject(s) - business , government (linguistics) , production (economics) , position (finance) , consumption (sociology) , industrial organization , economic system , economic growth , economics , social science , philosophy , linguistics , finance , sociology , macroeconomics
The enterprise's system, along with households and the government are the main factors in the production and consumption of the economy, which plays an extremely important role in the development of any country. Besides the large enterprises, which are often considered as the locomotives of the economy’s development, people are increasingly interested in a significant number of small and medium enterprises (SMEs) whose position and role has been confirmed through the actual economic development of many countries and economies. In Vietnam, the development of SMEs has been creating a driving force for economic growth and has become an important strategic direction in the country’s socio-economic development strategy. The article focuses on determining the factors affecting the development of small and medium-sized manufacturing enterprises in Vietnam. At the same time, the current paper evaluates factors affecting the development of these enterprises. The main factors expected to be focused on in the research include the level of production technology, government policies, raw materials, labor, management capacity, corporate social responsibility, green growth orientation, and global epidemics.