Factors affecting the business performance of enterprises: Evidence at Vietnam small and medium-sized enterprises

Abstract

The purpose of this study is to identify factors affecting the performance of the small and medium-sized enterprises (SMEs) in Vietnam. The research team uses a sample size of 456 SMEs. The information is collected by the authors based on the survey results and the financial statements of SMEs listed on Vietnam stock market. Descriptive statistical methods and multivariate linear regression analysis are also used in the study. The data processed through SPSS 20.0 software and the research results show that factors of access to government support policies, education level of enterprises owner, enterprises scale, society relationships of enterprises and revenue growth rate affect the business performance of SMEs in Vietnam. In addition, the study uses a multivariate linear regression model based on the least squares method to estimate the factors affecting the performance of SMEs in Vietnam. The research results also show that the performance of the enterprises is influenced by different factors: scale, growth rate, profitability, and industry cohesion of enterprises. On that basis, the article proposes some solutions to improve the performance of SMEs in Vietnam in the current period.

State Support of the Real Sector of the Economy: Legal Regulation

“…Overcoming global crises should occur in interaction and mutual assistance, outside national interests. It is unacceptable, hiding behind the fight against the crisis, to forget about respect for human rights, justice and equality [ 25 ].…”

Determinants of Investment Capital Size: A Case of Small and Medium-Sized Enterprises in Vietnam

“…With studies on Vietnam, Xuan et al (2020a) argued that the business sector, type of export or domestic business, and the form of business registration have a close relationship with the size of the business capital. According to Xuan, Nguyen, and Ngo (2020b), factors of lines of business, type of business registration, location of production and business establishments, operating time of enterprises, and percentage of capital contribution of the organization in the capital structure of the business are the factors that affect the size of the capital of the business. Based on the above findings, our research model on factors affecting the capital size of enterprises in Vietnam is constructed as follows ( Figure 1 In which: QMV -dependent variable (million dong) is the size of the enterprise; NGANHNGHE (dummy variable) represents the business line of the enterprise, whether it is construction industry, service trade or agroforestry; XNKHAU (dummy variable) shows whether the business has an import-export business; LOAIHINH (dummy variable) represents the type of business, is a limited liability company (Limited), one member limited liability company, joint stock company or private enterprise; VITRI (dummy variable) represents the location of business operations in urban or rural areas; GIOITINH (dummy variable) represents the gender of the business owner or the decisive person in the business; THOIGIAN (years) shows the operating time of the business from the beginning of operation; TUOI (age) represents the age of the business owner or the decisive person in the business; SOTHANHVIEN (person or organization) represents the number of founding members, contributing capital to the enterprise plus the number of organizations contributing capital to the enterprise; VONGOP (%) represents the proportion of the organization's capital contribution to the total capital structure of the enterprise; LAODONG (person) represents the number of employees currently in the enterprise; ROA (%) represents the ratio of profit to assets of the business.…”

Factors affecting foreign direct investment: Evidence at foreign technology enterprises in Vietnam

“…The project must satisfy them (i.e., be satisfied) with their investment. At the same time, Xuan et al (2020b) argued that investor decisions are influenced by 08 factors:…”

“…The effectiveness in investment activities also reflects the level of investment decision of the investor. Investors who decide to invest tend to continue long-term investments in the locality as well as introduce the locality to other investors (Xuan et al, 2020b).…”