Impact of Social Capital on People’s Livelihoods in the Coastal Areas of Binh Dinh Province

Abstract

Social capital is a valuable asset in livelihood activities through buyers-supplier relationships. Many studies have shown that the effects of social capital factors such as perception, relationships, and structure are livelihood measures. The study surveyed 175 businesses and people in the coastal areas of Binh Dinh province to test the hypotheses. According to the findings, social cognitive capital has the most significant impact on people's livelihoods (0.351), followed by social relational capital (0.337), and finally, social structured capital (0.069). Simultaneously, research indicates that shared vision and shared understanding (perceived capital structure) have an effect on livelihoods that is greater than the strength of social relationships (relational capital structure) and the variety of relationships (social structural capital). This research provides a better understanding of the relationships between buyers and residents and how various aspects of social capital relate to livelihoods.