Capital Raising and Management of Vietnamese Small and Medium Sized Enterprises after Integrating into Global Economy

Nhat Chi Mai

No dv68m, OSF Preprints from Center for Open Science

Abstract: Since 1986, Vietnam has continued to transform from a centrally-planned to market-oriented economy. Over the past 30 years, Vietnam has enjoyed one of the world’s best performances in terms of both economic growth and poverty reduction. Living standards have improved significantly – remarkable achievements based on the country’s socioeconomics. These results stem from the efforts of hundreds of thousands of small and medium sized enterprises (SMEs), and micro enterprises nationwide. They are considered the ‘backbone’ of the economy, and their development is a key driver of sustainable economic development. In 2007, Vietnam officially became a member of the World Trade Organization (WTO); integration that has delivered substantial benefits, as evidenced by the recent rapid growth in exports, income and employment to develop the economy. In this process, SMEs continue to play an important role in the distribution of income, employment levels, export growth and poverty reduction.

Date: 2022-05-07
New Economics Papers: this item is included in nep-ent, nep-int, nep-sbm and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:dv68m

DOI: 10.31219/osf.io/dv68m

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