Improving the competitiveness of small and medium-sized enterprises in Vietnam

Small and medium enterprises (SMEs) play a pivotal role in socio-economic development, contributing significantly to employment, economic growth, and innovation. However, enhancing the competitiveness of SMEs remains a critical challenge in promoting their full potential. In Vietnam, the competitiveness of SMEs continues to face numerous limitations stemming from various internal and external factors. This study analyzes the current state of SMEs’ competitiveness in Vietnam, identifies key challenges hindering their competitive capacity, and proposes targeted solutions to strengthen the competitiveness of this vital business sector, thereby contributing to sustainable economic development.