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CSR in Developing Countries: Case Study in Vietnam

Author

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  • Phan Van Thanh

    (University of Kaposvar, Hungary)

  • Szilárd Podruzsik

    (Corvinus University of Budapest, Hungary)

Abstract

This article provides a review of the practice of corporate social responsibility (CSR) in Vietnamese enterprises, especially in Vietnamese small and medium enterprises (SMES). To do so, this article first reviewed the conceptual framework of CSR and CSR in developing countries. In addition to enhancing the competitiveness of Vietnamese enterprises in general, Vietnamese SMEs in particular, this study highlights the lessons learned from CSR empirical studies in developing countries. Furthermore, based on the analysis of Vietnamese enterprises and CSR practices in Vietnam, the article collates the recommendations given by researchers to strengthen and improve the implementation of CSR in Vietnam as well as provide some suggestions to help Vietnamese enterprises get success in applying CSR in their sustainable business objectives. This article concludes the implementation of CSR in Vietnam is still limited, and there are many obstacles and limitations in applying CSR not only from the business itself but also from the operating environment. Therefore, to implement and integrate CSR into Vietnamese enterprises’ business strategies, CSR awareness should be improved as well as the legal framework for implementing CSR.

Suggested Citation

  • Phan Van Thanh & Szilárd Podruzsik, 2018. "CSR in Developing Countries: Case Study in Vietnam," Management, University of Primorska, Faculty of Management Koper, vol. 13(4), pages 287-300.
    • Handle: RePEc:mgt:youmng:v:13:y:2018:i:4:p:287-300
    DOI: 10.26493/1854-4231.13.287-300
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    References listed on IDEAS

    as
    1. Shinozaki, Shigehiro, 2012. "A New Regime of SME Finance in Emerging Asia: Empowering Growth-Oriented SMEs to Build Resilient National Economies," Working Papers on Regional Economic Integration 104, Asian Development Bank.
    2. Heledd Jenkins, 2006. "Small Business Champions for Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 67(3), pages 241-256, September.
    3. Lee, Eun Mi & Park, Seong-Yeon & Lee, Hyun Jung, 2013. "Employee perception of CSR activities: Its antecedents and consequences," Journal of Business Research, Elsevier, vol. 66(10), pages 1716-1724.
    4. Dima Jamali & Ramez Mirshak, 2007. "Corporate Social Responsibility (CSR): Theory and Practice in a Developing Country Context," Journal of Business Ethics, Springer, vol. 72(3), pages 243-262, May.
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    Cited by:

    1. Khuong N. Mai & Khuong N. Mai & Phuong N.D. Nguyen & Phuong N.D. Nguyen & An K.T. Nguyen & An K.T. Nguyen & Ngoc M. Tran & Ngoc M. Tran, 2020. "The effects of managerial perceptions on CSR practices and corporate financial performance: an evidence from Vietnam," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 858-874, December.
    2. Van Huong, Vu & Mai, Yong & Hau, Bui Duc & Cuong, Ly Kim & Van Dao, Le, 2023. "Do firm characteristics in their local context promote corporate ecological and social responsibility? Evidence from a multi-hierarchical analysis," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 722-743.
    3. Minh, Thanh Nguyen & Quang, Tuyen Tran, 2022. "The effects of corporate social responsibility on firm efficiency: Inside the matrix of corporate finance," Finance Research Letters, Elsevier, vol. 46(PB).

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