The paper examines and estimates some aspects of business performance and accounting jobs in SMEs in the past few years to establish a basis for researches on, and development of, a model of accounting task appropriate to Vietnamese SMEs. | RESEARCHES & DISCUSSIONS THE BUSINESS PERFORMANCE AND ACCOUNTING PRACTICE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN VIETNAM by Assoc. Prof. Dr. VOÕ VAÊN NHÒ & Dr. NGUYEÃN NGOÏC DUNG* Small and medium enterprises (SME) play an important role in the economy. Their sustainable development is one of preconditions for economic growth at present and in future as well. In the past period, Vietnamese SMEs have contributed a lot to various aspects of the socioeconomic development. To help them make the best use of their advantages, overcome difficulties and shortcomings, and deal successfully with challenges posed by international competition, quality of business management in general, and accounting in particular, should be improved radically. The paper examines and estimates some aspects of business performance and accounting jobs in SMEs in the past few years to establish a basis for researches on, and development of, a model of accounting task appropriate to Vietnamese SMEs. Keywords: accounting practices, business performance, SME management, accounting regulations. 1. An overview of SMEs in Vietnam Criteria to define a small and medium-sized enterprise (SME) are various from country to country. However, they still have a lot in common, for example, small capital, small workforce, narrow scope of business, simple organizational structure, small market share, low sales, poor management capacity, and need for the governmental assistance in terms of capital, technologies, tax, interest rate, etc. so as to evolve itself. SMEs play an important role in the economic development of many countries including titan economies of the US, Japan, etc. In developing countries, SMEs are in the majority and take the decisive role in the socioeconomic stability and development. SMEs in Vietnam, as put forth in many literatures, are showing an onward trend in terms of both quantity and scope of business as well. For example: - Super small and small-sized enterprises make up the vast .
