Abstract
Private enterprises in Vietnam as well as in other countries play an important role in the economy, but they have encountered several barriers in their development at both micro and macro levels. Inquires of these barriers is meaningful in making policy recommendations to remove barriers to private enterprise development in countries where the State/Government is considered a major factor. This study focuses on evaluating factors affecting the micro-barrier system that hinder the development of private enterprises in Vietnam to answer two research questions: which factors influence micro-barriers that hinder the development of private enterprises in Vietnam and what is the degree of influence of those factors along with the mediating impact of intention to use of renewable energy? The study applies quantitative research methods to measure the impact of factors on the micro-barriers system that hinder private enterprise development based on the survey sample of 392 private enterprises in Vietnam, which are mainly small and medium-sized private enterprises (most affected by micro barriers). Research findings indicate that state management policies; legal and tax systems, expanding scientific research and technological innovation activities are the main factors affecting the micro barriers that hinder the development of private enterprises in Vietnam. Intention to use of renewable energy significantly mediates between competitiveness in production and business, support for scientific research and technological innovation activities, expanding cooperation and international integration, state management policy, law and tax and barriers restricting enterprise development. These results could become experiences for other countries like Vietnam.Keywords: Tectonic government; Tectonic state; Innovative government; Remove barriers; Private enterprises; Renewable energyJEL Classifications: L2; O2; Q2DOI: https://doi.org/10.32479/ijeep.10588
Highlights
Both economists with a free-market perspective and economists with modern perspectives agree that the role of the state as a regulatory actor is a natural need of the market
The findings show the convergent validity that exposes the correlation among the items and the statistics show that the figures of Alpha and CR are larger than 0.70 while the figures of loadings and AVE are more than 0.50
The research has synthesized and analyzed micro-barriers that limit the development of private enterprises, including banking system and financial/credit market; competitive pressure under the market mechanism; Source of inputs; Lack of confidence among workers; Lack of cooperation, governance capacity; Lack of confidence in entrepreneurs and entrepreneurship culture; and Lack of uniformity in the organizational structure of enterprises
Summary
Both economists with a free-market perspective and economists with modern perspectives agree that the role of the state as a regulatory actor is a natural need of the market. Creating a healthy development environment for economic sectors is both a task and a goal of the State/Government when intervening in a market economy. How the state/government (depending on the political institutions of each country) intervenes in the economy is usually a topical question; especially in recent years, when economies are increasingly dependent on each other in bilateral and multilateral trade relations, these questions become even more important. Productivity growth has slowed down in recent years, and social and environmental problems in economic development are emerging, such as environmental pollution, social evils and increasingly extensive inequalities, weak economic and governance institutions were honestly admitted by the Party and Government of Vietnam (Congress, 2016). Set out in the 5-year socio-economic development plan 2020-2025 with a vision to 2035, Vietnam needs to accelerate its institutional
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