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Vietnamese Micro-enterprise During Covid-19 Pandemic

In: Proceedings of the 4th Asia Pacific Management Research Conference (APMRC 2022)

Author

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  • Nguyen Thi Mai Chi

    (Hanoi University of Science and Technology)

Abstract

Micro-enterprises are enterprises with a very small scale of operation, operating in many business fields such as commerce, services, transportation, construction, etc. These enterprises are numerous, widely distributed across localities, and make significant contributions to the economy. However, with a small capital scale, micro-enterprises are vulnerable to fluctuations in the economy. The Covid-19 pandemic has been having a heavy impact on the entire economy of Vietnam, particularly on the production and business activities of micro-enterprises. There are many micro-enterprises that have had to suspend operations, close for a long time. There is no revenue but still incurs costs in the long run, causing micro-enterprises to be seriously affected. The Vietnamese government has issued many policies to timely support businesses. Support packages have been implemented, but in reality, micro enterprises still face many difficulties and challenges. In order for practical support packages to reach the right subject, the author has proposed a number of solutions to contribute to improving policy effectiveness, assisting micro-enterprises in maintaining, stabilizing, and developing their production and business.

Suggested Citation

  • Nguyen Thi Mai Chi, 2023. "Vietnamese Micro-enterprise During Covid-19 Pandemic," Advances in Economics, Business and Management Research, in: Eva Hotnaidah Saragih & Rike Penta Sitio & Rosita Fitriyani & Dhinar Silalahi & Yeneneh Tamirat Nega (ed.), Proceedings of the 4th Asia Pacific Management Research Conference (APMRC 2022), pages 511-518, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-076-3_40
    DOI: 10.2991/978-94-6463-076-3_40
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