Principles for Mobilizing Financial Resources of Small and Medium Enterprises – Solutions to Ensure Financial Security

Abstract

Small and medium-sized enterprises in Vietnam currently account for a large proportion (about over 90%) of the number of operating businesses, and play an important role in economic development. However, these businesses currently have a high bankruptcy rate (by 2023 this number will be over 100 thousand businesses). Thus, to help small and medium-sized businesses overcome the difficult period of the first years of business or when the business is in crisis, it is very important to consider solutions to ensure financial security for these businesses, and the principle of mobilizing financial resources will be one of the important and necessary principles to ensure financial security for small and medium-sized enterprises.