The competitiveness of small and medium-sized enterprises in Vietnam

Small and medium-sized enterprises (SMEs) play a pivotal role in socio-economic development, contributing significantly to employment generation, economic growth, and innovation. Despite their importance, the competitiveness of SMEs in Vietnam remains constrained by multiple structural and operational challenges. This study examines the current state of SME competitiveness, identifies key factors limiting their performance, and analyzes the underlying constraints within the broader business environment. The findings provide an integrated assessment of the challenges facing Vietnamese SMEs and their implications for sustained economic development.