In the context of increasingly extensive international integration, the 4th industrial revolution is expanding to all areas of production. That is increasingly expanding and putting into practice, the sustainable development (SD) of enterprises of small and medium enterprises (SMEs) depends greatly on the management capacity of the team of administrators in the enterprise. The study selected research scope in Vietnam, to survey of 316 SMEs of different business sectors and territories. The study results showed that, the role of management capacity for the SD (SD) of SMEs in Vietnam very important, the influence level of management capacity has a greater than other factors as: State and local support policies, innovation consciousness, corporate social responsibility, finance and human resources.
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