This study examines the relationship between dynamic capabilities and business performance, mediated by business model innovation, focusing on enterprises in Binh Duong province. Grounded in the theoretical framework of dynamic capabilities, the research emphasizes key elements such as absorptive capability, technological capability, adaptive capability, innovative capability, and knowledge management capability. The research employs a qualitative methodology, including literature review and expert interviews. Findings reveal that dynamic capabilities not only have a direct impact on business model innovation but also indirectly enhance business performance. Consequently, the study underscores the critical role of developing dynamic capabilities to help enterprises sustain competitive advantage and achieve sustainable growth in a rapidly changing business environment.