Innovation in Small and Medium Enterprises in Vietnam

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Page Numbers: 304-319
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Published: Mar 25, 2024
Digital Object Identifier: 10.58578/ajstea.v2i2.2805
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Authors:
Trang Mai Tran1*, Ngoc Minh Thi Vu2
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Trang Mai Tran
Vietnam Institutes of Economics, Vietnam
Ngoc Minh Thi Vu
National Academy of Public Administration, Vietnam

Abstract

In a rapidly evolving market context, innovation plays a crucial role in the success of Small and Medium Enterprises (SMEs) in Vietnam. This study delves into the significance of business innovation, particularly in light of the need for SMEs to cultivate new competitive advantages amidst a growing number of similar competitors. For Vietnamese companies, innovation is not merely an option but a necessity for sustainable growth. This article focuses on exploring the advantages, disadvantages, opportunities, and risks associated with innovation in Vietnamese SMEs.

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How to Cite
Tran, T. M., & Vu, N. M. T. (2024). Innovation in Small and Medium Enterprises in Vietnam. Asian Journal of Science, Technology, Engineering, and Art, 2(2), 304-319. https://doi.org/10.58578/ajstea.v2i2.2805

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Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

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