The Impact of Technological Changes on Small and Medium Enterprises in Vietnamese Organic Food Industry

DOI

10.2991/aebmr.k.220307.065How to use a DOI?

Keywords

SMEs; Vietnamese; Food-producing industry; Technologies; Opportunities

Abstract

This paper examines the impact of technological change on SMEs operating within the Vietnamese organic food-producing industry. The literature review manifests that demand for organic food is exponentially rising as day follows night due to various reasons such as nutritional benefits, low chemical residues in such food, and its environmental-friendly ambiance. Nonetheless, the Vietnamese SMEs are found to be the drivers of growth for the emerging economy, and technology is at the heart of the exemplary performance of the country’s organic food sector SMEs. Since the agricultural potential of organic food production is not the product of one technology, but of multiple applied technologies such as artificial intelligence, robotics and data analytics, these technological changes have been dubbed the “fourth industrial revolution”. The results of the study indicate that in being found to have the potential for the Vietnamese organic food industry SMEs can unlock huge out of its development potential through precision agriculture, blockchain technology, smart greenhouse technology, etc. The conclusions of this paper will have the effect of helping the Vietnamese organic food industry to unlock its market potential, thereby contributing to the development of the local economy.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Jialian Ma
PY  - 2022
DA  - 2022/03/26
TI  - The Impact of Technological Changes on Small and Medium Enterprises in Vietnamese Organic Food Industry
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 411
EP  - 416
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.065
DO  - 10.2991/aebmr.k.220307.065
ID  - Ma2022
ER  -