The Impact of the COVID-19 Pandemic on the Small and Medium Family Businesses in Vietnam

Autor: Do Thi Thanh Nhan, Suu Duy Nguyen, Dao Le Kieu Oanh, Le Ngoc Thuy Trang
Rok vydání: 2023
Zdroj: Perspectives and Strategies of Family Business Resiliency in Unprecedented Times ISBN: 9781668473948
DOI: 10.4018/978-1-6684-7394-8.ch005
Popis: The Covid-19 pandemic has influenced the economy over the world. In Vietnam, Covid-19 emerged on January 23, 2020, and has encountered several outbreaks across the country, which has caused negative impacts on the economy. The Covid-19 has influenced all aspects of socio-economic life, creating difficulties for all businesses, especially small and medium family businesses (SMEs family businesses). SMEs account for most of Vietnam's firms and have important roles in the economy. Based on the current situation, the chapter explores the potential impacts of the Covid-19 pandemic outbreak on SME family businesses. Moreover, we discussed the strategies of SME family businesses and the government's policies during this period.
Databáze: OpenAIRE