FINANCIAL RESOURCES OF SMALL AND MEDIUM ENTERPRISES

Abstract

As of right now, Hanoi has achieved significant progress in terms of administration, leadership, direction, and setting up the right environment for SMEs to grow. The percentage of SMEs that enter the production and business activities with income in the year is low compared to the total, and they continue to make a minimal contribution to overall economic growth. SMEs' production and business results are not good in the city. This article researches, analyzes, and measures the financial resources of SMEs in Hanoi and, on that basis, proposes solutions to improve the financial resources of SMEs in Hanoi. Survey data was collected from 300 workers working at SMEs in Hanoi, but only 240 questionnaires met the requirements for analysis. Through qualitative research methods combined with quantitative research methods, research results show that the financial resources of SMEs are highly appreciated. No appreciable variation exists between the financial resources of SMEs in Hanoi between these different professional seniorities and job positions. This is the basis for proposed solutions to increase the financial resources of SMEs in Hanoi.