Determinants of business performance in firms: Evidence in Vietnam technology and manufacturing enterprises

Abstract

This article aims to identify factors affecting the business performance of enterprises. Vietnam. The author gathered information from 458 technology and manufacturing businesses in Vietnam. Survey enterprises in Hanoi, Da Nang, Ho Chi Minh, and Can Tho Cites. Data were processed via SPSS software version 20.0. Cronbach's Alpha test methods, exploratory factor analysis (EFA), and regression analysis were used in this study. The results show that firm size positively affects business performance. The research results show there are 07 main factors that positively affect the business performance of enterprises, including: (1) solvency, (2) firm size, (3) growth rate revenue growth, (4) administrative procedures, (5) access to credit institutions, (6) labor qualifications and (7) the age of the business. From the results of the analysis, the author gives some recommendations and solutions to improve the business operations of businesses in Vietnam, especially those in the technology and manufacturing sectors, in the context of Industrial network 4.0.