Journal of Economic Development
No. 202 , June 2011, Page 39-51


An Inquiry into the Development of SMEs in Vietnam: The Roles of Human Capital and Social Capital
VŨ HOÀNG NAM & NGUYỄN THỊ NHUNG

DOI:
Abstract
SMEs contribute greatly to GDP and job creation in Vietnam. Studies of what factors are important to the development of SMEs in Vietnam are, however, scarce. Particularly, there has been little rigorous research focusing on the roles of human and social capital of the owners. This study reveals that education, knowledge, and social networks of the owners are essential for innovations in management and performance of the SMEs in Vietnam.

Keywords
SMEs; Human Capital; Social Capital; Firm Performance; Determinants
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