Business administration in small and medium-sized enterprises in Vietnam

Small and medium-sized enterprises (SMEs) are vital contributors to economic growth, job creation, poverty reduction, and social development in most economies. By generating employment, SMEs not only increase household incomes but also stimulate demand for goods and services, thereby enhancing living standards and contributing to broader economic stability. This study examines the critical role of SMEs in national development, identifies key challenges they face, including limited access to finance, technology, and markets, and proposes strategic solutions to strengthen their management capacity and promote long-term sustainability.