{"id":11980,"date":"2024-12-11T03:58:27","date_gmt":"2024-12-11T03:58:27","guid":{"rendered":"https:\/\/depocen.org\/?post_type=publications&#038;p=11980"},"modified":"2024-12-11T03:58:27","modified_gmt":"2024-12-11T03:58:27","slug":"roles-of-access-to-finance-in-small-and-medium-sized-enterprise-development-in-viet-nam","status":"publish","type":"publications","link":"https:\/\/depocen.org\/vi\/publications\/roles-of-access-to-finance-in-small-and-medium-sized-enterprise-development-in-viet-nam\/","title":{"rendered":"Roles of Access to Finance in Small and Medium-Sized Enterprise Development in Viet Nam"},"content":{"rendered":"<p><strong>Abstract<\/strong><\/p>\n<p>This study investigates the impact of access to finance on small and medium-sized enterprise (SME)<br \/>\ndevelopment in Viet Nam, specifically focusing on estimating the economic effects of an Asian<br \/>\nDevelopment Bank (ADB) 2021 loan to the Vietnam International Bank (VIB). The research examined<br \/>\nhow lessening credit constraints affects job creation and local economic development, building on<br \/>\nestablished literature that links SME financing to firm growth and production expansion. The study<br \/>\nlooked at two dimensions, including comparing firms with and without loans (extensive margin) and the<br \/>\nmarginal effects among borrowing firms (intensive margin). Analysis of panel enterprise surveys from<br \/>\n2005 to 2020 using the fixed effects model showed that formal institutional borrowing correlates with<br \/>\nan average increase of 1.3 jobs per firm. Projections suggest that ADB\u2019s $260 million loan to VIB could<br \/>\ngenerate between 619 and 3,274 new jobs, with an estimated creation of 10.4 jobs per $1 million lent.<br \/>\nOn the intensive margin, an increase in debt is associated with increased productivity and fixed assets,<br \/>\nindicating that loans support long-term growth strategies<\/p>\n<p><strong>Authors:<\/strong> Ngoc Anh Nguyen, Ha-My Bui, Gia-Tan Nguyen, Manfred Kiefer, and Christian Abeleda<\/p>\n<p><strong>Access link:<\/strong> https:\/\/www.adb.org\/publications\/access-finance-sme-development-viet-nam<\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[19],"author_publications":[],"topic_publications":[49],"class_list":["post-11980","publications","type-publications","status-publish","hentry","cate_publications-bai-nghien-cuu","topic_publications-kinh-te-vi-mo-va-phat-trien"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications\/11980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/media?parent=11980"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/cate_publications?post=11980"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/author_publications?post=11980"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/topic_publications?post=11980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}