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VOL. 11, ISSUE 12 (2025)
Legal framework for small and medium-sized enterprise support by business associations in Vietnam
Authors
Ho Thi Duyen, Vo Hien Trang, Do Thi Anh Van
Abstract
Business associations (BAs) are increasingly
recognized as indispensable intermediary actors in supporting small and
medium-sized enterprises (SMEs). In Vietnam, this role has been formally
acknowledged in the 2017 Law on Support for SMEs and its implementing
regulations. Nevertheless, the practical performance of BAs remains fragmented
and uneven. Using qualitative legal research methods, including doctrinal legal
analysis, selective policy review, and comparative legal analysis, this article
examines the domestic legal framework governing SME support activities
conducted by business associations. The findings reveal several structural
shortcomings, particularly the absence of detailed provisions on sustainable
financial mechanisms, standardized service quality, and monitoring and
evaluation (M&E) frameworks. Based on these findings, the article proposes
targeted legal reform measures, including the formalization of funding
mechanisms and public–private partnership (PPP) models, the standardization of
SME support services and M&E frameworks, capacity-building investments for
business associations, and supplementary quantitative research. These reforms
aim to enhance both the effectiveness and accountability of business
associations in supporting SMEs toward sustainable development.
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Pages:197-201
How to cite this article:
Ho Thi Duyen, Vo Hien Trang, Do Thi Anh Van "Legal framework for small and medium-sized enterprise support by business associations in Vietnam". International Journal of Law, Vol 11, Issue 12, 2025, Pages 197-201
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