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All Journal Frontier Management Science (FMS)
Huyen Thi Minh Van
Foreign Trade University
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Journal : frontier management science fms

 1 
Vietnamese SMEs as Engines of Innovation and Sustainable Growth: A Conceptual and Policy Analysis Huyen Thi Minh Van
Frontier Management Science Vol. 3 No. 2 (2026): FMS - April
Publisher : Yayasan Ghalih Pelopor Pendidikan (Ghalih Foundation)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53893/fms.v3i2.539

Abstract

Small and medium enterprises (SMEs) in Vietnam face both opportunities and constraints in pursuing competitiveness through digital transformation and sustainability. This study developed a conceptual framework integrating four firm level capabilities - digital agility, innovation capability, sustainability orientation, and entrepreneurial resilience - with ecosystem and policy enablers. Drawing on case evidence from TECHPRO, EMES, and Menas, the analysis showed how digital tools, circular practices, and resilient cultures can accelerate growth, but also how structural barriers such as finance, regulation, and skill shortages hindered scaling. Comparative insights from ASEAN highlighted that coherent policy frameworks, including subsidies, incubators, and mentoring programs, amplified firm level initiatives. The findings contributed conceptually by linking dynamic capabilities with institutional support, and practically by offering managerial and policy implications for SME development. The study concluded that without reforms in finance, regulation, and skills, Vietnamese SMEs would struggle to translate emerging capabilities into durable competitive advantage.
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