Emerging Science Journal
Vol 6 (2022): Special Issue "COVID-19: Emerging Research"

Recommendations Enhancing the Competitive Capacity of Small and Medium Enterprises after the Covid-19 Pandemic

Nguyen Van Tien (Faculty of Business Administration, Banking University of Ho Chi Minh City (BUH), Ho Chi Minh City,)



Article Info

Publish Date
14 Mar 2022

Abstract

In Vietnam, the Covid-19 pandemic has taken place since the beginning of 2020, has seriously impacted businesses' production and business activities, and pushed the world economy into recession. Like other countries globally, Vietnam has been severely affected by this global pandemic. During the Covid-19 outbreak, small and medium enterprises (SMEs) that stopped production or went bankrupt increased. Besides, due to the deep integration into the global value chain now closed to the port, the findings explored that SMEs with a larger scale faced many difficulties. The number of enterprises having to shrink production also increased rapidly. Most businesses say the Covid-19 outbreak has negatively affected their production and trade. The primary official data is distributed directly to business leaders through detailed questionnaires to collect preliminary data and selected models by a simple random process. SMEs failed to reach customers, broke the supply chain, revenue plummeted, and laid off many workers, so far struggling. The study objectives found that more than 87% of businesses are affected by Covid-19. Therefore, the article novelty had several recommendations for enhancing the competitive capacity of small and medium enterprises in Vietnam after the Covid-19 pandemic. Doi: 10.28991/esj-2022-SPER-09 Full Text: PDF

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Journal Info

Abbrev

ESJ

Publisher

Subject

Environmental Science

Description

Emerging Science Journal is not limited to a specific aspect of science and engineering but is instead devoted to a wide range of subfields in the engineering and sciences. While it encourages a broad spectrum of contribution in the engineering and sciences. Articles of interdisciplinary nature are ...