Volume 5, Issue 3, September 2020, Page: 157-163
Corporate Social Responsibility for Sustainable Development of Small and Medium Enterprises in Vietnam
Do Hai Hung, Faculty of Business Management, Hanoi University of Industry, Hanoi, Vietnam
Nguyen Thi Hanh Nguyen, Faculty of Business Management, Hanoi University of Industry, Hanoi, Vietnam
Received: Jul. 9, 2020;       Accepted: Jul. 27, 2020;       Published: Aug. 10, 2020
DOI: 10.11648/j.jbed.20200503.15      View  128      Downloads  25
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.
Keywords
Sustainable Development, Small and Medium Enterprises, Social Responsibility
To cite this article
Do Hai Hung, Nguyen Thi Hanh Nguyen, Corporate Social Responsibility for Sustainable Development of Small and Medium Enterprises in Vietnam, Journal of Business and Economic Development. Vol. 5, No. 3, 2020, pp. 157-163. doi: 10.11648/j.jbed.20200503.15
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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