E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 5, 2023

Improve the Strength in Management of Small and Medium Garment Enterprises in Hanoi by Using Responsibility Accounting

Author(s): Hoang Khanh Van, Vu Thuy Duong, Nguyen Thi Thanh Nga


Consumer demand has decreased as a result of the global economic downturn and tighter monetary policy, which has had a significant impact on Vietnam's textile and apparel industry's production and commercial activity. Garment businesses need efficient management tools to handle the circumstance. Accountability is one of the models that supports company management. The current state of responsibility accounting at small and medium garment enterprises in Hanoi is examined in this article. We surveyed 50 small and medium garment enterprises in Hanoi using a qualitative research method. The results of the survey indicate that small and medium-sized clothing firms in Hanoi do not apply responsibility accounting at a high level. New businesses are primarily concerned with the information on financial accounts and are solely interested in revenue, costs, and profits. Many companies lack a clear strategy.

Keywords: Responsibility Accounting, Small and Medium Garment Enterprises

Pages: 374-378

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