Challenges of Small and Medium-Sized Enterprises (SMEs) In Vietnam during the Process of Integration into the ASEAN Economic Community (AEC)

Tran, Hai

doi:10.5296/ijafr.v5i2.8298

Cited by 13 publications

(23 citation statements)

References 10 publications

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“…In East Europe and Central Asia, Bernini (2012) argued that domestic competition cause more financial constraints than foreign competition. In Vietnam, the basic economic obstacles of SMEs are due to the competitive pressure from domestic and foreign enterprises (Tran 2015). In Ghana, globalization and access to technology has increased competitive pressures on all firms (Ocloo et al 2014).…”

Section: Business Mangers Perception Of the Internal Barriersmentioning

confidence: 99%

Internal and external obstacles facing medium and large enterprises in Rusayl Industrial Estates in the Sultanate of Oman

Al-Maskari

Alqanoobi

et al. 2019

J Glob Entrepr Res

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Industrial Estates are significant for the growth of any economy. In this research, the business mangers' perceptions of the internal and external obstacles facing medium and large enterprises in the Industrial Estates are collected and analyzed. The research is conducted with special reference to the Rusayl Industrial Estate (RIE), a prominent Industrial Estate in Oman. A structured questionnaire was administered to a sample of 42 enterprises in the RIE. The survey discovered that medium enterprises reported more obstacles, both internal and external, compared to larger enterprises. Among a variety of external barriers, the lack of raw materials, the lack of skilled workers, visas for foreign workers and the high interest rate of business loans, are at the top of the list. The most significant internal obstacles are competitive pressure in the market, difficulty of external marketing, high labor cost and high operating cost. Some challenges, such as lack of skilled workers and difficulty getting visas for foreign workers are common to medium and large enterprises alike. The study emphasized the need for strategic intervention by regulatory agencies primarily aimed to mitigate the various challenges and provide a conducive environment for enterprises to develop.

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Section: Business Mangers Perception Of the Internal Barriersmentioning

confidence: 99%

Internal and external obstacles facing medium and large enterprises in Rusayl Industrial Estates in the Sultanate of Oman

Al-Maskari

Alqanoobi

et al. 2019

J Glob Entrepr Res

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“…While Gunerergin et al (2012) conclude government is responsible of various external challenges such as the unfair competition, the institutionalization process and the financing difficulties. Tran (2015) suggests SMEs need substantial support from the governments with regards to the official processes, credit access, and business environment. Likewise, Al-Maskari et al (2019) reports a list of internal and external challenges.…”

Section: I) Dimensional Problemsmentioning

confidence: 99%

“…On the other hand, the internal stream advocates a firm could overcome many obstacles by improving the internal settings (Andalib & Halim, 2019;Tran, 2015). Agwu (2014) urges to look from inside as there is significant impact of management, human resources, and marketing.…”

Section: I) Dimensional Problemsmentioning

confidence: 99%

Revisiting the Challenges Affecting SMEs Through Behavioral Approach

Shekar¹,

Hasan²,

Mubarak³

2021

IJARBSS

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The main aim of this study is to investigate the key challenges affecting small and medium enterprises (SMEs). Simultaneously, it would also discuss the background of those challenges, as well as recognizing the challenges that could be controlled by SMEs, and to propose a model. The paper is exploratory in nature and stands on secondary sources. The data are inclusive of scholarly and publicly sources. The data analysis is built on critical content analysis and theming process. Three figures are presented to demonstrate the methodology of study, the suggested model, and the linkage between the findings of study with the corresponding proposed constructs. The study recognizes six internal and external challenges that affect the SMEs. Resources management, entrepreneurial behavior, SMEs capabilities, problem solving and decision making, as well as leadership are the internal factors. The complexity of the business environment and social influence are external factors. It is found that SMEs organizational behavior is the principal domain behind these challenges. The study suggests practitioners should follow specific behavioral strategies such as entrepreneurial management (EM), transformational leadership (TL), strategic improvisation (SI), and dynamic capabilities (DCs) to overcome the different challenges and scale up their positions. As for the promoters, stimulating entrepreneurship among people and revising the training courses should be conducted to cope with market needs.

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“…Therefore, the function of large-scale enterprises is important to the Indonesian economy and the needs to pay more attention to strengthen micro, Small and Medium Enterprises (SMEs) through the interventions of the labor market (Tran, 2015). In particular, investment in apprenticeship may be highly relevant to overcome the phenomenon of "missing middle part" while boosting the productivity.…”

Section: Wagesmentioning

confidence: 99%

Human Capital Competitiveness in ASEAN Economic Community (AEC): The Role of Regulation, Indonesia Experiences

Taty¹,

Possumah²,

Razak³

2017

American Journal of Applied Sciences

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The AEC is an economic integration between ASEAN countries with the creation of a free market generally in the context of capital, goods and services and labor. The AEC opens the gate for all countries to invest and have better mutual cooperation. Indonesia experienced a big leap from 50 to 37 in the World Economic Forum (WEF) competitiveness ranking. As the largest population in the ASEAN, Indonesia must work harder to compete with the advanced educated labor force from Singapore, Malaysia and Thailand. Some challenges to develop the human capital. The problems that exist in the context of human resources and labor in Indonesia today such as lack of expertise, low education, inadequate facilities, low competitiveness, unemployment, imbalance salaries, low productivity and many others, but these problems do not make Indonesia retreat and avoiding the free market competition. MEA 2015 should not lead Indonesian labor plunged in their own home, but MEA expected to drive Indonesian workers able to exchange experiences and advance skill from other countries.

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Challenges of Small and Medium-Sized Enterprises (SMEs) In Vietnam during the Process of Integration into the ASEAN Economic Community (AEC)

Cited by 13 publications

References 10 publications

Internal and external obstacles facing medium and large enterprises in Rusayl Industrial Estates in the Sultanate of Oman

Internal and external obstacles facing medium and large enterprises in Rusayl Industrial Estates in the Sultanate of Oman

Revisiting the Challenges Affecting SMEs Through Behavioral Approach

Human Capital Competitiveness in ASEAN Economic Community (AEC): The Role of Regulation, Indonesia Experiences

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