SUPPORT POLICY FOR SMALL AND MEDIUM ENTERPRISES IN HANOI

Abstract

Small and medium-sized enterprises in Hanoi play an important role in the socio-economic development of the capital and the whole country, such as contributing to hunger eradication and poverty reduction, creating many jobs for workers, making a major contribution to GDP growth and state budget revenue, mobilizing social capital sources for development investment, and contributing to promoting economic restructuring towards modernity and integrating with the world economy. This article researches, discusses, and measures support policies for small and medium-sized enterprises (SMEs) in Hanoi. The study uses survey data of the board of directors and sales managers of over 150 SMEs in Hanoi combined with in-depth interview methods and the analysis tool SPSS software. The research was conducted in the context of Vietnam's economy integrating with the world economy and SMEs implementing digital transformation. Research results show that support policies for small and medium-sized enterprises in Hanoi are highly appreciated by respondents. There is not a statistically significant difference in the support policy for small and medium enterprises in Hanoi between these different academic levels and professional seniorities. From there, the study suggests recommendations for the Hanoi People's Committee to improve the business performance of SMEs.

Keywords: support policies, small and medium enterprises (SMEs), economics, economic development, business administration

JEL codes: L21, M10, G38, H32