Greener Journal of Business and Management Studies Vol. 6 (2), pp. 050-056, July 2016
Manuscript Number: 052016093
Performance of Young Businesses in Vietnam and Its Affecting Factors: Anempirical Study in Tu Son District, BacNinh Province
Bui Thi Nga
Faculty of Accounting and Business Management, Vietnam National University of Agriculture.
Tu Son is one of the traditional commercial districts in BacNinh province of Vietnam, that has many traditional villages and many young people in Tu Son have established and run their own business. Young businesses in Tu Son are often creative, active, flexible and quickly respond to the demand in the market. However, young businesses have less experience to face the difficulties and challenges in the market; therefore, it has been easy for them to be vulnerableto the market sock or crisis in recent years. This study aimed to analyze the performance results of young businesses in Tu Son district and find out some affecting factors to this result. The data were collected by standard questionnaires from 120 young businesses from November 2015 to January 2016. The results showed that the performance of young art furniture businesses were quite high and stable, the performance of young textile businesses tended to decrease while those numbers of young iron and steel businesses were quite high, but were not stable.There were five factors and all had positive impacts on the young businesses’ profits: area of production, quantity of production, investment, equity capital, and revenue of the young businesses.To improve the performance of the young businesses, it is necessary to enlarge the area of production, increase the quantity of production, expand the investment in the production and owner equity, and promote the sales of products to enhance the revenue of the young businesses.
Keywords: young business, performance, textiles, art furniture, iron and steel.
Nguyen ThiHaiNinh (2012), Small and Medium businesses in Vietnam in the global economic crisis.Master thesis of Hanoi National University, Vietnam.
Tran Hoang Long (2013), Research the impact of expanding payment time and reducing corporate income tax policy on the performance and efficiency of small and medium size enterprises in Tu Son district, BacNinh province of Vietnam. Master thesis of Vietnam National University of Agriculture, Vietnam.
Trinh Thi Thu Phuong (2014), Development of traditional villages in Tu Son district, BacNinh province, Master thesis of Economics University, Hanoi National University, Vietnam.
Duong Thanh Van (2013), Sustainable development of Dong Ky art furniture Village in Tu Son district, BacNinhprovince, Master thesis of Economics University, Hanoi National University, Vietnam.
Statistical office of Tu Son district (SOTS) (2015), Bac Ninh province, Annual Report on Statistic data, Vietnam.
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