Orchestrating green strategies for sustainable competitive advantage in Vietnamese agricultural SMEs: A dynamic capabilities perspective
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Received January 12, 2026;Accepted June 30, 2026;Published July 23, 2026
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Author(s)Quynh Xuan NguyenLink to ORCID Index: https://orcid.org/0009-0003-1854-9229
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Hai Thanh Thi NguyenLink to ORCID Index: https://orcid.org/0009-0004-1594-1003
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DOIhttp://dx.doi.org/10.21511/ppm.24(3).2026.08
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Article InfoVolume 24 2026, Issue #3, pp. 107-117
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Type of the article: Research Article
Abstract
As emerging economies pivot toward regenerative models, agricultural small and medium-sized enterprises face increasing pressure to harmonize sustainability with market performance. This study investigates the mechanisms through which green supply chain management and circular economy orientation drive sustainable competitive advantage, specifically focusing on the agricultural sector in Vietnam. Data were collected from 369 agricultural small and medium-sized enterprises and analyzed using partial least squares structural equation modeling to test the hypothesized relationships. The empirical results reveal that the structural model accounts for 43.3% of the variance in sustainable competitive advantage. While both strategies significantly enhance competitive outcomes, circular economy orientation (β = 0.307, p < 0.001) exhibits a stronger positive association with sustainable competitive advantage compared to green supply chain management (β = 0.181, p < 0.001). Furthermore, dynamic capabilities act as a potential mediator, partially mediating the relationship between green orientations and market superiority. Notably, market turbulence significantly strengthens the relationship between dynamic capabilities and sustainable competitive advantage (β = 0.098, p = 0.024), highlighting the boundary condition that enhances the strategic value of organizational agility. These findings suggest that for small and medium-sized enterprises in volatile emerging markets, transitioning from operational greening to systemic circularity is essential for long-term resilience and securing a robust competitive position.
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JEL Classification (Paper profile tab)Q56, M11, L21, O13
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References30
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Tables5
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Figures2
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- Figure 1. Conceptual framework
- Figure 2. Structural model
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- Table 1. Profile of respondents
- Table 2. Reliability and convergent validity
- Table 3. Direct and moderating hypotheses
- Table 4. Mediation hypotheses
- Table A1. Measurement scales
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Conceptualization
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Data curation
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Formal Analysis
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Funding acquisition
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Investigation
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Methodology
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Resources
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Software
Quynh Xuan Nguyen
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Supervision
Quynh Xuan Nguyen
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Validation
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Visualization
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Writing – original draft
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Writing – review & editing
Quynh Xuan Nguyen, Hai Thanh Thi Nguyen
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Project administration
Hai Thanh Thi Nguyen
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Conceptualization
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The resource-based view: a tool of key competency for competitive advantage
Problems and Perspectives in Management Volume 17, 2019 Issue #3 pp. 143-152 Views: 14396 Downloads: 2344 TO CITE АНОТАЦІЯThe increasing turmoil in the external organizational setting or business environment has focused attention on capabilities and resources as the primary source of competitive advantage. Obviously, this statement points to the application of the resource-based view (RBV) of organizational management. Nevertheless, what constitutes RBV remains an illusion in many quarters of organizational management, as scholars have managed to put up their personal ideas, and managed to converge on phenomenon-driven theories, in addition to RBV. This paper reviews the concepts of RBV in light of knowledge management to highlight some critical pitfalls that might have eluded the research community on the subject matter of RBV. To this end, this paper’s educational value lies in the fact that it simplifies the concept of RBV to the new researcher in a fashion that is capable of appealing to his or her level. A cross-sectional qualitative research approach was employed in an effort aimed at understanding the role of RBV in creating a sustainable competitive advantage and key competencies. A total of 20 relevant articles were searched from different databases and search engines, including Scopus, EBSCO, ABI Inform, IEEE, PubMed, Science Direct, SABINET, IEEE, Bing, Science Direct, and Google Scholar. The findings indicate that RBV plays an important role and assists organizations not only create, nurture, and maintain competitive advantage, but also understand the collective resources needed to compete favorably in a globalized and highly competitive market. With expert knowledge workers at its core to provide support for knowledge creation, sharing, and utilization, the RBV principles discussed in this paper promise to guarantee a methodological step geared towards the achievement of competitive advantage. It, therefore, makes an incremental contribution to the RBV to attain modest improvement in organizational settings.
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ESG disclosure and financial performance: Empirical study of Vietnamese commercial banks
Banks and Bank Systems Volume 19, 2024 Issue #1 pp. 208-220 Views: 11304 Downloads: 3195 TO CITE АНОТАЦІЯEnvironmental, social, and governance (ESG) disclosure becomes vital for banks to be transparent and accountable for their investments and lending decisions to shareholders, regulators, and society. The potential enhancement of shareholder value through ESG disclosure is still inconsistent. Empirical studies on the association between ESG disclosure and financial performance are mixed and limited in emerging economies. This study aims to examine whether ESG disclosure impacts the financial performance of 24 Vietnamese commercial banks in terms of return on assets (ROA), return on equity (ROE), and net interest margin (NIM). The study uses the feasible generalized least squares estimation method based on panel data from 2018 to 2022. The study employs content analysis on 12 themes related to environmental, social, and governance pillars to score policy disclosure based on the Fair Finance Guide Methodology. The results highlight the positive effects of ESG policy disclosure, individual environment disclosure (E), and individual governance disclosure (G) on bank financial performance. Notably, ESG, E, and G have the largest influence on ROE, with coefficients of 0.051, 0.036, and 0.027, respectively, at a 5% significance level. However, the study does not provide evidence of a statistically significant association between social disclosure and financial performance. These results provide empirical evidence for regulators and bank managers to shape ESG policies and practices aligning with international standards.
Acknowledgment
ESG disclosure score of 11 banks as primary data in this study is conducted under the project coordinated by the Fair Finance Vietnam coalition, as part of Fair Finance International. -
Short video marketing factors influencing the purchase intention of Generation Z in Vietnam
Thi Thuy An Ngo
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Phu Quach
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Thanh Vinh Nguyen
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Anh Duy Nguyen
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Thi Minh Nguyet Nguyen
doi: http://dx.doi.org/10.21511/im.19(3).2023.04
Innovative Marketing Volume 19, 2023 Issue #3 pp. 34-50 Views: 10084 Downloads: 2685 TO CITE АНОТАЦІЯIn the digital age and technological advancements, short video platforms have become essential tools for online sales and marketing. In addition, shopping through short video marketing has gained significant attention, especially among Generation Z, as it brings unique and novel shopping experiences. The primary goal of this study is to explore the factors of short video marketing that influence the purchase intentions of Generation Z consumers in Vietnam. To conduct this study, a quantitative approach was employed, utilizing a 5-point Likert scale questionnaire administered online through a non-probability sampling method. The sample comprised 350 respondents aged between 16 and 26 from Vietnam, representing Generation Z, who made purchases through short video marketing. The relationships among various variables were analyzed using Structural Equation Modeling (SEM). The study’s results demonstrated a positive, significant, and direct relationship between all factors of short video marketing, including interesting content, perceived usefulness, scenario-based experience, user interaction, perceived enjoyment, and involvement of celebrities and consumer brand attitude. Among these factors, perceived usefulness is the most influential factor on customer brand attitude. In addition, the study revealed that consumer brand attitude, acting as a mediating variable, had a positive and significant impact on consumers’ purchase intentions. Based on the findings, the study suggested strategies for businesses to enhance the quality and content on short video platforms, thereby improving the effectiveness of their marketing strategies.
Acknowledgment
The authors express a sincere gratitude to all the participants who generously took part in this research study.

