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Corporate Social Responsibility for Sustainable Development of Small and Medium Enterprises in Vietnam

Received: 9 July 2020     Accepted: 27 July 2020     Published: 10 August 2020
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Abstract

Implementing social responsibility activities (CSR) towards sustainable development (Sustainable Development) is one of the issues that businesses pay special attention. The study carried out a survey of 316 small and medium sized enterprises allocated according to different business sectors and territories in Vietnam. The main purpose of the study is to assess the impact of corporate social responsibility compared to other factors developed in the research model affecting the sustainable development of small and medium enterprises (SMEs) in Vietnam. The observations constructed by research team and inserted in the corporate social responsibility policy scale are: Participation in vocational training support programs in the community; Building programs on clean water and sanitation; Training and improving the capacity and social knowledge for workers; Contributing to social activities in the locality; Paying attention to issues of environmental pollution treatment; and finally complying with the provisions of law to ensure food hygiene and safety and environment. The authors applied regression analysis to assess the impact of corporate social responsibility policies on sustainable development of small and medium-sized enterprises (SMEs). The research results showed that the social activities of enterprises have a positive influence on the sustainable development of small and medium-sized enterprises in Vietnam, besides other factors such as: Enterprise management capacity, finance, human resources and support policies from the government.

Published in Journal of Business and Economic Development (Volume 5, Issue 3)
DOI 10.11648/j.jbed.20200503.15
Page(s) 157-163
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Sustainable Development, Small and Medium Enterprises, Social Responsibility

References
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[2] General Statistics Office of Vietnam, 2019.
[3] Viet Nam Enterprises Law, 2014. No. 68/2014/QH13.
[4] Ministry of sustainable development targets of enterprises, 2017-2019. Viet Nam Chamber of Commerce and Industry (VCCI).
[5] Trinh Duc Chieu, 2010. The impact factor influence to growth of small and medium enterprises in Viet Nam, Government Economics Research.
[6] Phung The Dong, 2019, Supporting Vietnam's small and medium-sized enterprises in their current development. Finance Journal, No. 11.
[7] Atkinson, 1999. The measurement of sustainable development, Theory and implementation of Economic Models for sustainable Development: 175-193.
[8] Blewitt. J, 2008. Understanding Sustainable Development, Taylor & Francis Ltd.
[9] Bridger. J, 1999. Toward an Interactional Approach to Sustainable Community Development. Journal of Rural Studies: 15 (4).
[10] Wood, D., 2010. Measuring corporate social performance: A review. International Journal of Management Reviews. 12/1: 20-32.
[11] Gossling, T and Vocht, C., 2007. Social role conceptions and CSR policy success. Journal of Business Ethics. 47/40: 363-372.
[12] Carroll, A. B., 1991. The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business horizons. 34/4: 39-48.
[13] Carroll, A., 1979. A three-dimensional conceptual model of corporate performance. The Academy of Management Review. 4: 497-505.
[14] Le Phuoc Hung & Luu Tien Thuan, 2017. Corporate social responsibility - Summarizing some topics and proposing research directions, Scientific Journal, Can Tho University. No. 50: 19-33.
[15] Duygu. T, 2008. Measuring Corporate Social Responsibility: A Scale Development Study. Journal of Business Ethics, 85, 411-427.
[16] Imran. A, 2010. Effects of Motivational Factors on Employees Job Satisfaction a Case Study of University of Punjab. International Journal of Business and Management, Vol. 5, No. 3.
[17] Herman Daly, 1989. Ecological Economics and Sustainable Development, Edward Elgar Ltd.
[18] Le Ngoc Nuong, 2018. Factors affecting the development of small and medium industrial enterprises in Thai Nguyen-Viet Nam, Economic and Business Management University.
[19] Phan Van Dan, 2012. Building a scale for enterprise sustainability, Scientific Journal, Can Tho University.
[20] Ibrahim. U, 2008. An analysis of strategic factors affecting the performance of small and medium industries in Borno State of Nigeria. St Clements University, Nigeria.
[21] Bouazza. A, 2015. Small and Medium Enterprises as an Effective Sector for Economic Development and Employment Creation in Algeria, International Journal of Economics, Commer, Vol. 3 (2).
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  • APA Style

    Do Hai Hung, Nguyen Thi Hanh Nguyen. (2020). Corporate Social Responsibility for Sustainable Development of Small and Medium Enterprises in Vietnam. Journal of Business and Economic Development, 5(3), 157-163. https://doi.org/10.11648/j.jbed.20200503.15

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    ACS Style

    Do Hai Hung; Nguyen Thi Hanh Nguyen. Corporate Social Responsibility for Sustainable Development of Small and Medium Enterprises in Vietnam. J. Bus. Econ. Dev. 2020, 5(3), 157-163. doi: 10.11648/j.jbed.20200503.15

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    AMA Style

    Do Hai Hung, Nguyen Thi Hanh Nguyen. Corporate Social Responsibility for Sustainable Development of Small and Medium Enterprises in Vietnam. J Bus Econ Dev. 2020;5(3):157-163. doi: 10.11648/j.jbed.20200503.15

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  • @article{10.11648/j.jbed.20200503.15,
      author = {Do Hai Hung and Nguyen Thi Hanh Nguyen},
      title = {Corporate Social Responsibility for Sustainable Development of Small and Medium Enterprises in Vietnam},
      journal = {Journal of Business and Economic Development},
      volume = {5},
      number = {3},
      pages = {157-163},
      doi = {10.11648/j.jbed.20200503.15},
      url = {https://doi.org/10.11648/j.jbed.20200503.15},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200503.15},
      abstract = {Implementing social responsibility activities (CSR) towards sustainable development (Sustainable Development) is one of the issues that businesses pay special attention. The study carried out a survey of 316 small and medium sized enterprises allocated according to different business sectors and territories in Vietnam. The main purpose of the study is to assess the impact of corporate social responsibility compared to other factors developed in the research model affecting the sustainable development of small and medium enterprises (SMEs) in Vietnam. The observations constructed by research team and inserted in the corporate social responsibility policy scale are: Participation in vocational training support programs in the community; Building programs on clean water and sanitation; Training and improving the capacity and social knowledge for workers; Contributing to social activities in the locality; Paying attention to issues of environmental pollution treatment; and finally complying with the provisions of law to ensure food hygiene and safety and environment. The authors applied regression analysis to assess the impact of corporate social responsibility policies on sustainable development of small and medium-sized enterprises (SMEs). The research results showed that the social activities of enterprises have a positive influence on the sustainable development of small and medium-sized enterprises in Vietnam, besides other factors such as: Enterprise management capacity, finance, human resources and support policies from the government.},
     year = {2020}
    }
    

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    AU  - Do Hai Hung
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    AB  - Implementing social responsibility activities (CSR) towards sustainable development (Sustainable Development) is one of the issues that businesses pay special attention. The study carried out a survey of 316 small and medium sized enterprises allocated according to different business sectors and territories in Vietnam. The main purpose of the study is to assess the impact of corporate social responsibility compared to other factors developed in the research model affecting the sustainable development of small and medium enterprises (SMEs) in Vietnam. The observations constructed by research team and inserted in the corporate social responsibility policy scale are: Participation in vocational training support programs in the community; Building programs on clean water and sanitation; Training and improving the capacity and social knowledge for workers; Contributing to social activities in the locality; Paying attention to issues of environmental pollution treatment; and finally complying with the provisions of law to ensure food hygiene and safety and environment. The authors applied regression analysis to assess the impact of corporate social responsibility policies on sustainable development of small and medium-sized enterprises (SMEs). The research results showed that the social activities of enterprises have a positive influence on the sustainable development of small and medium-sized enterprises in Vietnam, besides other factors such as: Enterprise management capacity, finance, human resources and support policies from the government.
    VL  - 5
    IS  - 3
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Author Information
  • Faculty of Business Management, Hanoi University of Industry, Hanoi, Vietnam

  • Faculty of Business Management, Hanoi University of Industry, Hanoi, Vietnam

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