Cuadernos de Economía

ISSN : 0210-0266
Untitled-43

Enhancing the Competitiveness of Vietnamese SMEs in the Context of International Integration: Moderating Role of Financial Support

  • Diu Thi Phuong Tran , Academy of Finance, Hanoi, Vietnam
  • Huong Thi Mai Dang , Hanoi Metropolitan University, Hanoi, Vietnam
  • Thuy Thu Luong , Academy of Finance, Hanoi, Vietnam
  • Dung Tien Pham , Hanoi Committee for Religious Affairs, Hanoi, Vietnam
  • Phong Tuan Cao , Vietnam Institute of Economics, Hanoi, Vietnam

Keywords:

International Market Access, Financial Support, Technology Adoption, Export Orientation, Competitiveness of SMEs.

Abstract

The primary determinant contributing to the success of an organization is its level of competitiveness, which necessitates a thorough examination through recent research endeavours. Thus, this current study scrutinizes the effects of international market access, technology integration, and export orientation on the competitive edge of Small and Medium-sized Enterprises (SMEs) in the context of Vietnam. Moreover, the research delves into the moderating influence of financial support on the relationship between international market access, technology adoption, export orientation, and SME competitiveness in Vietnam. Data collection from SME employees was conducted via questionnaires, and the study utilized smart-PLS methodology to analyse the interconnections among the variables. The findings underscore a positive correlation between international market access, technology adoption, export orientation, and SME competitiveness in Vietnam. Additionally, the study highlights the significant moderating effect of financial support on the relationship between international market access, technology adoption, export orientation, and SME competitiveness in Vietnam. This article offers insights to policymakers for the formulation of regulations aimed at augmenting SME competitiveness through enhanced international market access, effective technology adoption, and robust export orientation strategies.