Tra Vinh is one of 63 provinces in Vietnam. It is located in Mekong Delta and
is also one of the poorest. The official population of Tra Vinh Province is over one
million people. Over 29% of the population’s ethnicity is Khmer. Over 80% of the
population is dependent on the agricultural sector.
Since the Vietnamese government has implemented Doi Moi (reform) policies
(in 1986), Vietnam’s business climate has been quickly improved. The state has
followed a market economy and officially admitted that there are various sectors in
that economy. The appearance of an enterprise law in Vietnam was a vital mark to
develop enterprises in Vietnam. Thanks to the enterprise law, hundreds of SMEs in
Tra Vinh started up during the last eight years.
In past years, SMEs faced disadvantages in their business activities.
However, it had been supported by the local government through implementing
policies to promote SMEs. Thanks to their help, it has been exploring comparative
advantages in locality to expand their business. SMEs have become one of the
important factors which contributes local social-economic development. SMEs have
created jobs for the local people to improve their living standards themselves. SMEs
have played a vital role in eliminating poverty in Tra Vinh province.
Economics | Growth and Development
Pham, Yen Trung, "Small and Medium Enterprises in Tra Vinh Province, Vietnam An examination of problems and prospects" (2008). Capstone Collection. 701.