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Risk Management Readiness of Vietnamese SMEs under the Eu- German Supply Chain Due Diligence Act

Year: 2024

Type: article

Abstract: The implementation of the German Supply Chain Due Diligence Act and the European Union's Corporate Sustainability Due Diligence Directive has significant implications for the Vietnamese small and medium-sized enterprises (SMEs) integrated into global supply chains. This study assesses the readiness of the Vietnamese SMEs in adopting risk management practices to comply with these regulations. Utilizing a mixed-methods approach, the study reveals limited awareness and implementation of due diligence requirements among the SMEs, highlighting the need for targeted support and capacity-building initiatives.

Source: Journal of Ecohumanism

DOI: 10.62754/joe.v3i8.6801

Authors: Tran Duc Thang, Nguyen Thi Hong Nhung

Institutions: University of Labor and Social Affairs, Hanoi Law University

Language: English

Topic: Corporate Law and Human Rights

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions, Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W4410924309

FWCI:

Cites: 2

Cited by:

Related to: 10