Research on World Agricultural Economy

Bridging the Gap: Unveiling the Factors of Government Support Influencing the Success of Vietnamese Agricultural SMEs Post-COVID-19

Nguyen The Anh

Faculty of Management Information System, Academy of Finance, Hanoi, 100000, Vietnam

Dao Thi Huong

Faculty of Economics and Management, ThuyLoi University, Hanoi 100000, Vietnam

DOI: https://doi.org/10.36956/rwae.v5i4.1194

Received: 25 July 2024 | Revised: 22 August 2024 | Accepted: 26 August 2024 | Published Online: 14 October 2024

---

Abstract

This study investigates the essential role of government aid in enhancing the resilience and success of small and medium-sized agricultural firms in Vietnam during the COVID-19 pandemic. The research fills a gap in the existing literature by concentrating on strategies for long-term recovery rather than immediate reactions. Using a structured survey and multivariate linear regression analysis, the study engaged 200 proprietors and executives from the Red River and Mekong Delta areas. The results exhibit a favorable association between governmental support and the success of small and medium-sized enterprises, emphasizing the necessity of tailored governmental interventions to enhance sector competitiveness. While offering valuable insights for policymakers, the study’s geographical and sectoral scope is restricted, indicating the need for more extensive research and qualitative evaluations to deepen comprehension of the effects of governmental support in diverse settings. This research has the potential to significantly influence policy formulation and further scholarly investigation in the economic landscape post-pandemic.

Keywords: Government Support; Agricultural SMEs; Post‑COVID‑19 Recovery; Sustainability; Policy Formulation

---

References

[1] Dabla-Norris, M.E., Nguyen, A.T.N., Zhang, M.Y.S., et al., 2022. Unpacking Impact of COVID-19 on Vietnamese Firms: Evidence from a Novel Survey. International Monetary Fund.

[2] Ferrer, A.J.G., Thanh, L.H., Chuong, P.H., et al., 2023. Farming household adoption of climate-smart agricultural technologies: Evidence from North-Central Vietnam. Asia-Pacific Journal of Regional Science. 7, 641–663.

[3] Ejiogu, A.O., 2018. Agricultural finance and opportunities for investment and expansion. IGI Global: Hershey, PA.

[4] Doh, S., Kim, B., 2014. Government support for SME innovations in the regional industries: The case of government financial support program in South Korea. Research Policy. 43(9), 1557–1569.

[5] Hang, N.P.T., Nguyen, M.L.T., Le, T.T.H., 2023. Digital transformation affecting sustainable development: A case of small and medium enterprises during the Covid-19 Pandemic. Emerging Science Journal. 7, 238–250.

[6] Aceleanu, M.I., Traşcă, D.L., Şerban, A.C., 2014. The role of small and medium enterprises in improving employment and in the post-crisis resumption of economic growth in Romania. Theoretical and Applied Economics. 21(1), 87–102.

[7] Ferris, S., Robbins, P., Best, R., et al., 2014. Linking smallholder farmers to markets and the implications for extension and advisory services. MEAS Brief. 4(10), 13–14.

[8] Jamil, M.H., Jahi, A., Arsyad, M., et al., 2017. Determinants factors of agricultural extension services performance and impacts on farmers’ behavior. American Journal of Agricultural and Biological Sciences. 12, 33–38.

[9] Kääriäinen, J., Saari, L., Tihinen, M., et al., 2023. Supporting the digital transformation of SMEs—trained digital evangelists facilitating the positioning phase. International Journal of Information Systems and Project Management. 11(1), 5–27.

[10] Richards, T.J., Patterson, P.M., 1998. Dynamic complementarity in export promotion: The market access program in fruits and vegetables. Journal of Agricultural and Resource Economics. 23, 319–337.

[11] Kelly, V., Adesina, A.A., Gordon, A., 2003. Expanding access to agricultural inputs in Africa: A review of recent market development experience. Food Policy. 28(4), 379–404.

[12] Zaridis, A., Vlachos, I., Bourlakis, M., 2021. SMEs strategy and scale constraints impact on agri-food supply chain collaboration and firm performance. Production Planning & Control. 32(14), 1165–1178.

[13] Belgibayeva, A., Denissova, O., Kozlova, M., et al., 2022. Analysis of sustainable development of SMEs in agriculture. Journal of Environmental Management & Tourism. 13(3), 681–694.

[14] Gray, E., Jones, D., 2022. Innovation, agricultural productivity and sustainability in Viet Nam. OECD Food, Agriculture and Fisheries Papers, No. 181. OECD Publishing: Paris.

[15] MacCallum, R.C., Widaman, K.F., Zhang, S., et al., 1999. Sample size in factor analysis. Psychological Methods, 4(1), 84.

[16] Cortina, J.M., 1993. What is coefficient alpha? An examination of theory and application. Journal of Applied Psychology. 78(1), 98–104.

[17] Kutner, M.H., Nachtsheim, C.J., Neter, J., et al., 2005. Applied linear statistical models, 5th ed. McGraw-Hill/Irwin: New York, NY.

[18] Agresti, A., Finlay, B., 2009. Statistical methods for the social sciences, 4th ed. Pearson Prentice Hall: Upper Saddle River, NJ.

[19] Elbehri, A., Temel, T., Burcu Ceylan, F., et al., 2022. COVID-19 pandemic impacts on Asia and the Pacific: A regional review of socioeconomic, agrifood and nutrition impacts and policy responses. Food & Agriculture Organization.

[20] Carissimi, M.C., Creazza, A., Pisa, M.F., et al., 2023. Circular economy practices enabling circular supply chains: an empirical analysis of 100 SMEs in Italy. Resources, Conservation and Recycling. 198, 107126.

[21] Kelly, V., Adesina, A.A., Gordon, A., 2003. Expanding access to agricultural inputs in Africa: A review of recent market development experience. Food Policy. 28(4), 379–404.