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1
Thi Xuan Huong, Tram, My-Linh Thi Nguyen, and Nguyen Thi Kim Lien. "An empirical study of the real effective exchange rate and foreign direct investment in Vietnam." Investment Management and Financial Innovations 17, no. 4 (October 26, 2020): 1–13. http://dx.doi.org/10.21511/imfi.17(4).2020.01.
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Foreign direct investment (FDI) inflows to Vietnam have increased significantly in recent years. Theoretically, capital inflows will put pressure on the overvaluation of local currencies in countries, despite different exchange rate mechanisms. So, the problem facing the Vietnamese government is the need to examine the relationship between the exchange rate and FDI in order to develop effective policies. This study examined the relationship between the exchange rate and FDI in Vietnam in the period of 2005–2019 using the VAR (vector autoregression) model based on quarterly frequency data. The new points of this study are: (i) using the real effective exchange rate (REER) of the Vietnamese currency with 143 major trading partners of Vietnam; and (ii) adding two control variables into the VAR model to examine the relationship between the exchange rate and FDI in Vietnam – a case study for developing countries. The findings show that, firstly, there is a positive causal relationship between FDI and Vietnam’s real effective exchange rate. Secondly, trade openness has a positive impact on FDI and REER in Vietnam. Thirdly, economic growth has an impact on REER, but no statistically significant impact on FDI was found. The findings can provide useful information to help policymakers plan and make decisions on future policies and support further research studies.
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Hoan, Phan Thanh. "The Determinants of Vietnam’s Exports to CPTPP Members: A Gravity Model Approach." Research in World Economy 11, no. 5 (September 3, 2020): 341. http://dx.doi.org/10.5430/rwe.v11n5p341.
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This study examines the determinants of Vietnam’s export to CPTPP by applying the gravity model to panel data for the period of 2003-2016. Besides the conventional variables such as economic size and distance between trade parties; exchange rate, bilateral tariff, income gap, and foreign direct investment (FDI) are included in the model. The results show that the export of Vietnam to CPTPP is influenced by economic size (GDP), income gap, bilateral tariffs, FDI, and exchange rate. Among the impact factors, economic size, exchange rate, and income gap have significant impact on Vietnam's exports to CPTPP. The trade potential between Vietnam and CPTPP is also calculated based on gravity model results. Vietnam’s export to CPTPP is predicted to expand significantly in its member markets.
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Dapice, David. "Vietnam’s currency management: theory, practice and reality." Fulbright Review of Economics and Policy 1, no. 1 (July 22, 2021): 32–42. http://dx.doi.org/10.1108/frep-02-2021-0018.
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PurposeThe purpose of this paper is to explain why Vietnam has been charged as a currency manipulator by the USA, and why those charges are less than conclusive, as of May 2021, no immediate tariffs were imposed.Design/methodology/approachA comparative approach is applied using economic data on trade balances, inflation, exchange rates, and foreign exchange reserves from Vietnam, other Asian nations, and the USA. Currency regime theories are briefly reviewed, and USA. Treasury statements about Vietnam’s currency are referred to, which then are analyzed. Further explanations are based on the context of the economic situation and bilateral relations.FindingsSince 2010, Vietnam’s currency has appreciated, and since 2015, the government has kept the Vietnamese dong (VND) stable in real terms against the dollar. The sharp improvement in Vietnam’s bilateral and overall trade balance is due largely to rising labor costs in China and trade frictions between the USA and China. The resulting US tariffs on China’s exports redirected Foreign Direct Investment (FDI) exports to Vietnam. Even with these recent trade surpluses, Vietnam’s ratio of foreign exchange reserves to imports is lower than that of many other Asian nations. The USA’s recent decision not to impose punitive tariffs on Vietnam’s exports but continue to monitor and hold discussions reflects the reduced priority the new US administration puts on bilateral trade balances and the recognition that Vietnam is negotiating seriously and has significant value in a regional context.Originality/valueThe paper provides a comprehensive understanding from both theoretical and practical perspectives of the recent event. The implications are meaningful for the adjustment of national monetary strategy to avoid a similar situation in the future.
4
Uyen Ngan, Tran Mong. "Relationship between Foreign Exchange Rate and Stock Price of Commercial Joint Stock Banks: Evidence from Vietnam." International Journal of Economics and Finance 8, no. 7 (June 23, 2016): 193. http://dx.doi.org/10.5539/ijef.v8n7p193.
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The relationship between foreign exchange rate and stock price is one popular topic that is interested by not only board managers of banks but also stock investors. By using data about foreign exchange rate between Vietnam Dong (VND) and United State Dollar (USD), stock prices data of nine commercial joint stock banks in Vietnam from the first day of 2013 to the last day of 2015, this paper try to answer the question “Does foreign exchange rate impact on stock price and vice verse?”. Applying Dickey Fuller test and Var Granger Causality test for the time series data, the results show that there is an impact of foreign exchange rate on stock price. Although the fluctuation in foreign exchange rate VND/USD causes the change in stock prices of commercial joint stock banks in Vietnam, however, the vector of this impact is not clearly. On the opposite way, the change in stock price does not cause the change in foreign exchange rate, this relation is one-way relation.
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Jung, Dae-Sung. "An Empirical Study on Return Spillovers among Asian foreign exchange markets." Korea International Trade Research Institute 18, no. 5 (October 31, 2022): 345–57. http://dx.doi.org/10.16980/jitc.18.5.202210.345.
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Purpose - This paper analyzes the connectivity of Asian foreign exchange markets using the volatility spillover index of Diebold and Yilmaz (2009/2012).
Design/Methodology/Approach - The paper used exchange rate data for 11 Asian countries (Korea, Japan, Hong Kong, Singapore, Malaysia, China, Thailand, Indonesia, Taiwan, the Philippines, and Vietnam) and Australia. The data period is from January 2, 2015, to October 4, 2022. Analysis used the volatility spillover index model of Diebold and Yilmaz (2012).
Findings - As a result, it was found that there were return spillovers in the Asian foreign exchange market, and the total volatility transfer is 59.5%. Singapore, Taiwan, Australia, Korea, Malaysia, Thailand, Indonesia, China, the Philippines, Japan, Vietnam, and Hong Kong have the highest outflow transfer effect in the Asian foreign exchange market, in that order. Singapore, Korea, Australia, Malaysia, Taiwan, Thailand, Indonesia, China, the Philippines, Vietnam, Japan, and Hong Kong have the highest inflow transfer effect, in that order. Singapore, Taiwan, Australia, Korea, Malaysia, and Thailand are the leading markets in the Asian foreign exchange market, while Vietnam, Japan, Hong Kong, China, the Philippines, and Indonesia are dependent markets in the Asian foreign exchange market. As a result of analyzing through a sample moving average analysis, it was found that the outbreak of COVID-19 and the WHO pandemic declaration had the strongest effect on the linkage of the foreign exchange market.
Research Implications - This study empirically demonstrates the importance of linkages between markets for investors and policy makers in the foreign exchange market.
6
Nguyen Thi, Vu Ha. "Surplus in balance of payments and some policy recommendations for Vietnam." Russian Journal of Vietnamese Studies 6, no. 1 (January 15, 2022): 28–39. http://dx.doi.org/10.54631/vs.2022.61-105384.
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The balance of payments (BoP) is a critical macroeconomic indicator that helps understand the overall picture of a country's economic transactions with foreign ones. Vietnam's BoP has continuously been in surplus in recent years, even when heavily affected by the Covid-19 pandemic. Based on descriptive statistical methods, comparison, analysis and synthesis, this article has shown that the surplus in the current account of Vietnam was mainly due to the surplus in the trade balance. In addition, despite receiving large remittances, the amount of money that Vietnam had to pay to foreign investors was always much more excess than that Vietnam earns from investing abroad, causing the balance of income to run in deficit. Vietnam's financial account was also in surplus because she has received an enormous amount of foreign direct investments. The surplus in Vietnam's BoP has enhanced Vietnam's external position, but it has put pressure on the domestic currency to appreciate and warn of future macroeconomic uncertainties. Therefore, in the future, Vietnam needs to determine the priority in its policy whether to stabilise the exchange rate or have an independent monetary policy in the context of increasingly liberalised capital accounts.
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Rangkuty, Dewi Mahrani, Rusiadi Rusiadi, and Kiki Ramadhani. "Analisis Fluktuasi Cadangan Devisa: studi kasus Indonesia, Vietnam, dan Malaysia." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 9, no. 1 (May 4, 2020): 1. http://dx.doi.org/10.24036/ecosains.11549457.00.
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This study aims to analyze of fluctuations in foreign exchange reserves in three developing countries using time series data for the period 2000-2018 with the Research Method Of Panel Autoregressive Distributed Lag (ARDL). The results showed that foreign exchange reserves were the leading indicator in three developing countries (Indonesia, Vietnam, and Malaysia) but were unstable in the short run. In the long and short term, significant variables affect fluctuations in foreign exchange reserves in three developing countries, namely exports and foreign debt. It is recommended to the Government to increase exports rather than imports to increase gold reserves which can later increase output towards economic growth.
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Nguyen, Chi Dieu Thi, and Hong Thuy Thi Dang. "The impact of foreign exchange rate on a balance of payments: Issues from Vietnam." International Journal of ADVANCED AND APPLIED SCIENCES 9, no. 6 (June 2022): 1–8. http://dx.doi.org/10.21833/ijaas.2022.06.001.
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The foreign exchange rate always changes and impacts many economic issues. One of these issues is the impact of the foreign exchange rate on the balance of payments. Our research focuses on the impact of the exchange rate on Vietnam’s balance of payments. All data was collected from the Vietnamese State Bank in the period from 2000 to 2020. We applied the model with the unit root, Auto-Regressive Distributed Lag (ARDL), and Granger Causality Test to evaluate the impact of the foreign exchange rate on the balance of payments. The findings indicated that Vietnam’s foreign exchange rate has a significant positive impact on the balance of payment. The result implied that when the foreign exchange rate is stable, it seems to create a developed and effective economic environment. All these contributions are an important base for improving Vietnam’s balance of payments as well as Vietnam’s economy. By deeply analyzing issues of Vietnam’s foreign exchange rate and its effect, we propose some orientations and solutions for Vietnam’s government and managers in issuing suitable economic policies in the future.
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Hung, Ly Dai. "Exchange Rate Risk Premium in Vietnam." Malaysian Journal of Economic Studies 59, no. 2 (December 26, 2022): 301–15. http://dx.doi.org/10.22452/mjes.vol59no2.7.
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This study characterises the exchange rate risk premium in the context of a small open economy with a controlled floating exchange rate regime. The empirical analysis applies the time-varying coefficients Bayesian structural vector autoregressive (TVC-BSVAR) model on data from the Vietnamese economy over a sample period from February 2012 to February 2019. The evidence shows that the risk premium varies over time, and increases with inflation and foreign direct investment capital inflows, but decreases with output growth and credit growth. The TVC-BSVAR model displayed highly accurate forecasting performance, accounting for nearly 94% of risk premium in a case study using the US dollar forward selling contract.
10
Thuy, Vinh Nguyen Thi, and Duong Trinh Thi Thuy. "The Impact of Exchange Rate Volatility on Exports in Vietnam: A Bounds Testing Approach." Journal of Risk and Financial Management 12, no. 1 (January 4, 2019): 6. http://dx.doi.org/10.3390/jrfm12010006.
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This paper investigates the impact of exchange rate volatility on exports in Vietnam using quarterly data from the first quarter of 2000 to the fourth quarter of 2014. The paper applies the autoregressive distributed lag (ARDL) bounds testing approach to the analysis of level relationships between effective exchange rate volatility and exports. Using the demand function of exports, the paper also considers the effect of depreciation and foreign income on exports of Vietnam. The results show that exchange rate volatility negatively affects the export volume in the long run, as expected. A depreciation of the domestic currency affects exports negatively in the short run, but positively in the long run, consistent with the J curve effect. Surprisingly, an increase in the real income of a foreign country actually decreases Vietnamese export volume. These findings suggest some policy implications in managing the exchange rate system and promoting exports of Vietnam.
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Huy Quynh, Nguyen. "Determinants of Vietnam’s exports: An application of the gravity model." Journal of Asian Business and Economic Studies 25, S01 (January 1, 2018): 103–16. http://dx.doi.org/10.24311/jabes/2018.25.s01.5.
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The success of exports in Vietnam has become a driving force for economic growth since the reform in 1986. The paper uses data from 2010 to 2014 to estimate the gravity model for Vietnam’s exports with the random effect estimation. The empirical results show that the bilateral trade of Vietnam is positively associated with the country’s GDP and importing countries’ GDP. Furthermore, it has a negative relationship with distance from Vietnam to trading partners. These results are akin to those of the previous studies of the gravity model. Particularly, foreign direct investment, border effects and exchange rate play a significant role in promoting exports of Vietnam. Besides, the deepened integration into the region and world market also has significant impacts on expanding exports of Vietnam. Therefore, these factors have contributed to explaining the success in exports of Vietnam over the past few years.
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TRAN, Ly Phuong, and Binh Thi Thanh DAO. "Macro Variable Determinants of Exchange Rates in Vietnam." International Finance and Banking 7, no. 1 (March 23, 2020): 18. http://dx.doi.org/10.5296/ifb.v7i1.16436.
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Exchange rate is the value of one nation’s currency that can be converted into others, or the unit of the domestic currency needed to buy 1 unit of foreign money system. It is an obvious that exchange rate has always been acknowledged as the main culprit behind several economic phenomena, playing a significant role in determining the change of the economy. Due to its importance, exchange rate allows comparison of good prices among countries or the transfer of funds in different nations, accounting for the health of one economy. This paper aims to take a closer look at the roles of several economic variables on the movement of exchange rate, studying the short term and long term effect as well as the beneficial or detrimental impacts contributing to the fluctuation of the currency conversion value. This research focuses on the fluctuation of three exchange rates, which are Japanese Yen, United State Dollar, Euro to Vietnamese Dong. The chosen macro variables for analyzing include economic growth, export, import, inflation, foreign direct investment, budget deficit, stock market index, crude oil price, balance of payment between Vietnam and other countries for a sample of 15 years from 2003 to 2017 quarterly.
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Unlinnuha, Yunita Astanti. "Interdependence among ASEAN 5 in Foreign Exchange Market." Jurnal Riset Ekonomi dan Manajemen 17, no. 1 (May 12, 2017): 53. http://dx.doi.org/10.17970/jrem.17.170105.id.
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This paper examines the relationship between ASEAN-5 foreign exchange market and US Dollar in last 5 years. The data used is the currency of ASEAN-5 countries that are Indonesia, Malaysia, Vietnam, and Thailand. The data was analyzed using VAR (Vector Auto Regression). Among ASEAN 5, there are interdepence relationship in foreign exchange market. The strongest interdepence relationship are showed between Indonesia, Singapore and Malaysia, while Phillipines and Thailand have less influence toward others. Foreign exchange market among ASEAN 5 shows positive response which has been proven by Granger Causality test.
14
Le, Tung Thanh. "The relationship between remittances and economic growth in Vietnam in the period of international integration." Science and Technology Development Journal 18, no. 4 (December 30, 2015): 104–12. http://dx.doi.org/10.32508/stdj.v18i4.975.
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Over nearly three decades, remittances are one of the most important sources of foreign currency in ensuring balance of payments, foreign currency reserves increase, stabilize exchange market and financial market in Vietnam. This paper uses the AutoregressiveDistributed Lag model (ARDL) to study the relationship between remittances and economic growth in Vietnam in 1990-2014. Results of Perasan’ test confirmed the existence of long-term relationship between remittances and economic growth in Vietnam. The results also provide evidence of the positive impact of remittances to economic growth both in the short and long term.
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Fam, Ngok. "Stakeholder Approach to the Development of Foreign Trade in Agricultural Products (on the Example of Vietnam)." Scientific Research and Development. Economics of the Firm 11, no. 2 (July 12, 2022): 10–15. http://dx.doi.org/10.12737/2306-627x-2022-11-2-10-15.
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The article substantiates the expediency of Vietnam's application of a stakeholder approach to the development of foreign trade in agricultural products, which forms the basis of export operations. The direct interest of the state in increasing turnover stimulates the public administration sector to look for new approaches to expand international exchange opportunities. The author structured the stakeholders with whom Vietnam interacts in the process of foreign trade in agricultural products, identified stakeholders with direct and indirect interest. The use of a stakeholder approach can become one of the effective tools for achieving strategic goals.
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Ramadhani, Nuriman, Murtala Murtala, Fanny Nailufar, and Yurina Yurina. "Analisis Daya Saing Ekspor Lada Juga Pengaruhnya Bagi Cadangan Devisa di 5 negara Pengekspor Utama Lada (Studi Kasus Indonesia, Malaysia, Vietnam, Brazil dan India)." Jurnal Ekonomi Regional Unimal 3, no. 3 (April 1, 2021): 23. http://dx.doi.org/10.29103/jeru.v3i3.3860.
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This study aims to analyze the level of export competitiveness of pepper and its effect on foreign exchange reserves in the 5 main exporting countries of pepper (a case study in Indonesia, Malaysia, Vietnam, Brazil, and India). The analysis model used is Revealed Comparative Advantage (RCA) and the Panel Autoregressive Distributed Lag (PARDL) method. The results of the analysis in this study with the RCA index show that Vietnam is the largest exporter of pepper with an RCA index value of 1.2631, followed by Brazil with an RCA value of 1.136. For countries, Indonesia, Malaysia, and India still below average competitiveness and still have to increase their pepper exports. Furthermore, the analysis using PARDL shows that in the long term, the pepper export has a positive and significant effect on foreign exchange reserves with probability (0.000 <0.05), but the pepper export has no positive and insignificant effect on foreign exchange reserves with the probability of 0.3577> 0.05).
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Bui, Minh. "Causality in Vietnam’s Parallel Exchange Rate System during 2005–2011: Policy Implications for Macroeconomic Stability." Economies 6, no. 4 (December 12, 2018): 68. http://dx.doi.org/10.3390/economies6040068.
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As in many transition economies, Vietnam has experienced a multiple exchange rate system with three exchange rates having co-existed. This paper uses the Vector-Error-Correction model and the Granger tests to investigate the relationship between the official and black market exchange rates from January 2005 to April 2011. The results confirm a long-run relationship between the official and parallel market rates of the Vietnam dong against the U.S. dollar. The short-run dynamics of two exchange rates suggest that the official exchange rate causes the black exchange rate, but not vice versa. This conclusion is valid for both a sub-period of stability and a sub-period of vibrant fluctuations, with February 2008 as the cut-off. The findings also reject the efficiency hypothesis of the black market for foreign exchange and support the policy choice of the State Bank of Vietnam not to follow black market signals in managing official exchange rates for macroeconomic stability.
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Thi Cam Tu, Mai. "Factors affecting Vietnam’s trade balance in the context of the global value chain." Science & Technology Development Journal - Economics - Law and Management 4, no. 1 (April 4, 2020): First. http://dx.doi.org/10.32508/stdjelm.v4i1.597.
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Trade balance is one of the important macro balances and has a strong impact on the balance of payments and the overall national economy. A country with a large trade deficit may experience lowered competitiveness of goods, export growth, and economic growth. This paper focuses on analyzing the core factors affecting Vietnam's trade balance in the context of global value chain accession. The author uses Bound-Testing method and ARDL model with data from 1990 to 2018 to identify factors affecting Vietnam's trade balance. The results show that, in the long term, Vietnam’s trade balance is affected by factors – ranked from the highest to the lowest – as follows: real GDP of trading partners; Vietnam’s real GDP; multilateral effective exchange rate; foreign added value in Vietnam's exported goods and FDI capital into Vietnam. From these important findings, the author proposes some implications for policymakers so as to improve the trade balance in the context of deeper participation in the global value chain.
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Võ Xuân, Vinh. "Foreign Ownership and Firm Performance - Evidence in Vietnam." Journal of Asian Business and Economic Studies 221 (July 1, 2014): 85–104. http://dx.doi.org/10.24311/jabes/2014.221.08.
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The paper aims to investigate the relationship between foreign ownership and firm performance in Vietnam. We use a data set including market and accounting variables of firms listed on Ho Chi Minh Stock Exchange (HOSE) for the period from 2007 to 2012. The results show a significant correlation between foreign ownership and firm performance. The regressions on each level of foreign ownership indicate that foreign ownership is found to be significantly and positively correlated with firm performance when foreigners own between 5% and 20% of shares in firms, while a negative correlation occurs where foreign holdings are more than 20%, specially and considerably negative where the level is more than 40%; and there is no significant relationship between the two variables where foreigners own less than 5% of shares.
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Tjandrasa, Benny Budiawan, Agus Aribowo, and Rofinus Jewarut. "VARIABEL MAKROEKONOMI YANG MEMPENGARUHI INDEKS HARGA SAHAM INDONESIA, THAILAND, MALAYSIA, DAN VIETNAM." Jurnal Keuangan dan Bisnis 19, no. 1 (March 12, 2021): 52–61. http://dx.doi.org/10.32524/jkb.v19i1.107.
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One of the indicators of a country's economic growth is the stock price index in the country. The purpose of this study is to determine what factors are most influential and how significant the influences on the stock price indexes in Indonesia, Malaysia, Thailand, and Vietnam. The data panel was formed based on secondary data from January 2012 to December 2019 in Indonesia, Thailand, Malaysia, and Vietnam with 384 samples. The dependent variable of this study is the stock market index, while the independent variables are the foreign exchange rate, volatility index, and government bond yield. The equation for the direction test in this study used a multivariate regression model. The results show that the foreign exchange rate, volatility index, and government bond yield together have a significant effect on the stock market index. Partially, the foreign exchange rate has a positive and significant effect on the stock market index, while the volatility index and the government bond yield have a negative and significant effect on the stock market index.
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Lee, Sue Ann S. "Beyond Services in the United States of America: Fulbright U.S. Scholar Experience in Vietnam." Perspectives of the ASHA Special Interest Groups 6, no. 6 (December 17, 2021): 1825–31. http://dx.doi.org/10.1044/2021_persp-21-00187.
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Purpose: This article addresses my experience as a speech-language pathologist in a cultural exchange and global outreach program in Vietnam. The importance and various types of cultural exchange and global outreach programs available through the U.S. Department of State, the current status of educational speech-language pathology programs in Vietnam, and a brief introduction of the country as well as its unique cultural characteristics are also discussed. Conclusions: As a Fulbright U.S. scholar, I resided 6 months in Hue, Vietnam, to provide education and consultation services to children who needed speech-language pathology services and their families. The speech pathology profession in Vietnam is significantly underdeveloped. However, several international nongovernmental organizations and foreign universities have assisted Vietnam in developing speech pathology and audiology professions. Among many opportunities to serve the needs of speech pathology and audiology preprofessional education and service delivery in Vietnam, one of the most prestigious opportunities is the Fulbright U.S. Scholar Program. It is my hope that my personal and professional experiences can encourage fellow speech-language pathology and audiology professors and practitioners to apply for a Fulbright scholarship to pursue a rich volunteer experience in a foreign country as well as to improve their cultural competency upon return to their own academic institutions.
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Abidin, Rafi Nur, Sofyan Syahnur, and Suriani Suriani. "Pengaruh Variabel Makroekonomi terhadap Utang Luar Negeri di Negara ASEAN-7." Jurnal Samudra Ekonomi dan Bisnis 13, no. 2 (July 9, 2022): 136–50. http://dx.doi.org/10.33059/jseb.v13i2.3984.
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The purpose of this study is to analyze the effect of macroeconomic variables (economic growth, exchange rates, and inflation) on foreign debt in ASEAN-7 countries (Indonesia, Thailand, Vietnam, Philippines, Laos, Cambodia, and Myanmar) during the period 1996 to 2019 which using the Autoregressive Distributed Lag (ARDL) panel model. The results show that foreign debt in ASEAN-7 is positively and significantly affected by economic growth, exchange rates, and inflation in the long term, but not in the short term. Therefore, ASEAN-7 countries are expected to pay attention to increasing foreign debt, overcome by pragmatic macroeconomic policies, especially policies regarding exchange rates and inflation.
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Huong, Luong Thanh, and Nguyen Mai Nhu Cam. "Impacts of Foreign Direct Investment on Vietnam’s Unemployment Rate." Archives of Business Research 10, no. 5 (June 7, 2022): 191–201. http://dx.doi.org/10.14738/abr.105.12455.
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The paper aims to analyze the influence of foreign direct investment (FDI) on the unemployment rate in the context of Vietnam. In this research, secondary data was collected from the reports World Bank and World Monetary Fund (IMF), in the period from 1991 to 2019. The findings reveal that FDI, inflation, GDP, and exchange rate negatively impact the unemployment rate, whereas trade openness has a positive influence on the unemployment rate. This means that the increase in FDI attraction can reduce the unemployment rate of Vietnamese labors. As a result, some governance implications will be proposed to help enterprises attract more FDI and decline the rate of unemployment in Vietnam.
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Chang, Chia-Lin, and Duc Hong Vo. "Contemporary Issues in Business and Economics in Vietnam and Other Asian Emerging Markets." Journal of Risk and Financial Management 13, no. 6 (May 30, 2020): 109. http://dx.doi.org/10.3390/jrfm13060109.
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This Special Issue publishes high quality papers on contemporary issues in business and economics in Vietnam and other Asian emerging markets. These papers were accepted and presented at the 2019 Vietnam’s Business and Economics Research Conference (VBER2019) organized by Ho Chi Minh City Open University, Vietnam in July 2019. Emerging issues in business and economics from Vietnam and other emerging markets in the Asian region have been addressed from various angles, from economics, finance, and statistics to management science. Five out of the 14 studies in this book were conducted to investigate various issues in relation to the Asian region such as the exchange rate regime in Asia, financial inclusion, and financial development and income inequality in Asian emerging markets. Seven studies were conducted in response to emerging business and economic issues in Vietnam such as fiscal decentralization, urbanization, foreign direct investment, and corporate financial distress. Other papers even considered various relevant aspects from the United States and Europe to the Asian region including double taxation treaties and agricultural shocks to the oil price. The findings from these papers are useful for practitioners, policymakers, and academics.
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Mai, Tu Thi Cam. "CÁC YẾU TỐ ẢNH HƯỞNG ĐẾN CẦU NHẬP KHẨU THỦY SẢN CỦA NHẬT BẢN TỪ THỊ TRƯỜNG VIỆT NAM." Science and Technology Development Journal 17, no. 3 (September 30, 2014): 117–28. http://dx.doi.org/10.32508/stdj.v17i3.1549.
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Japan was the largest aquaculture importer during the period of 1980-2012 and the second largest in 2013 (after the United States) with an import volume of 15.3 billion USD, accounting for about 12% total world’s import volume. Japan has always been an important market to aquaculture exporters, especially Asian countries including Vietnam. The research and evaluation of factors affecting Japan’s import demand for Vietnamese aquaculture is of importance. This helps to forecast the import demand for Vietnamese aquaculture of Japan, thereby enhancing the activeness of Vietnam in the provision of aquaculture source of supply to better meet Japan’s demand and increasing the foreign currency flow. This research is confined in two products, namely shrimp and fish. Using secondary data from 1988 to 2013, the author utilized Engle – Granger cointegration approach to measure the long-term relationship and error correction model (ECM) to measure the short-term relationship between variables. Results indicate that factors affecting Japan’s aquaculture demand for Vietnamese shrimp and fish are different. In particular, factors determining the import demand for fish are fishing volume of Japan, the ratio of Vietnamese fish’s export price to Japan to that of Vietnam’s competitors and the real JPY/VND exchange rate. On the other hand, factors influencing the import demand for shrimp are Japan’s shrimp production volume, the real JPY/VND exchange rate and the Vietnam – Japan Economic Partnership Agreement.
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Su Dinh, Thanh, Nguyen Doan Vu, and Trung Bui Thanh. "Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring." Journal of Asian Business and Economic Studies 23, no. 03 (July 1, 2016): 02–35. http://dx.doi.org/10.24311/jabes/2016.23.3.04.
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Corporate restructuring is likely to be approached from various aspects. In this paper and in the context of Vietnam, it is inspected via asset restructuring. Using both financial and non-financial indicators of 226 listed firms on Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) over the 2007–2014 period, this paper investigates: (i) the determinants of corporate restructuring in Vietnam; and (ii) the effects of corporate restructuring on corporate performance. Empirical findings show that: (i) the fact that an enterprise conducts its restructuring plans primarily depends on its performance, and ownership concentration has a negative impact on the process of restructuring; (ii) a board with the presence of outside directors has positive and statistically significant effects on the performance of the firm, and foreign holdings lead to subsequent performance improvement.
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Linh, Phan Thi. "Forecasting the Crisis of Vietnam's Financial Market by Markov Switching VAR Model." Journal of Hunan University Natural Sciences 49, no. 2 (February 28, 2022): 259–68. http://dx.doi.org/10.55463/issn.1674-2974.49.2.26.
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The global economy and financial markets have experienced "The most adverse shock in a century" due to the impact of the Covid-19 epidemic but are also transforming enormously in the digital era. Besides, Vietnam's financial system has been making vital development steps, increasing its resilience. Still, its development prospects depend mainly on the recovery of the global economy and financial markets, the Stability of the economy, and the Stability of the economic stability and sustainability of investor confidence in the market. The Markov Switching Var (MSVAR) model will measure the crisis in the Vietnamese financial system. The research goals reveal that the volatility of macro variables such as the exchange rate (ER), foreign exchange reserves (FR), and the domestic interest rate differential (ID) affects the financial market crisis in Vietnam from 2010 to 2020. According to MSVAR estimation, establishing the time of the financial market crisis correlates with the period of higher volatility in the foreign currency market. Thus, the article's novelty is to proactively seize opportunities development prospects and prevent risks towards sustainable development, and strategic solutions are needed.
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Hung, Ly Dai. "Output-inflation Trade-off in the Presence of Foreign Capital: Evidence for Vietnam." South Asian Journal of Macroeconomics and Public Finance 10, no. 2 (February 27, 2021): 179–92. http://dx.doi.org/10.1177/2277978720979890.
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On one monthly time-series data set of Vietnam economy over 02/2008–09/2018, the Time-Varying-Coefficient VAR model records that the trade-off between inflation and output growth is mitigated by the foreign capital inflows. The inflation is mostly determined by credit supply growth, while output growth is largely driven by foreign direct investment (FDI) capital inflows. A monthly increase of FDI by USD 1 billion can raise 1.77% of monthly output growth rate. The result also holds on accounting for exchange rate fluctuation. JEL Classifications: E31, F15, F36, F43
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Nguyen Khac Quoc, Bao, and Hoang Bui Van. "Volatilities in the interdependence between stock market, bond market, and foreign exchange market in Vietnam: An empirical investigation." Journal of Asian Business and Economic Studies 24, no. 02 (April 1, 2017): 51–73. http://dx.doi.org/10.24311/jabes/2017.24.2.04.
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This study analyzes volatilities in the relations between stock mar-ket, bond market, and foreign exchange market in Vietnam from April 2014 through December 2015. Particularly, we address the questions of whether there exist sudden changes in correlations be-tween the markets to respond to volatility shocks and whether these changes are temporary or extended. By using VAR(p) – FIEGARCH(1,d,1) – cDCC and PELT approaches in combination with a regression estimation with dummy variables, our empirical results validate the interdependence between the markets, which is found to vary over time. More importantly, volatility shocks give rise to sudden changes in their correlations, and at certain times these are long-lasting. Investors and policy makers in Vietnam should accordingly have due consideration of long-term spillovers.
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Abimanyu, Yoopi. "Stock Market Integration as a part of Financial Market in the ASEAN Economic Community." Kajian Ekonomi dan Keuangan 19, no. 1 (November 1, 2016): 79–96. http://dx.doi.org/10.31685/kek.v19i1.31.
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This paper is trying to assess whether the stock market in the Association of Southeast Asian Nations (ASEAN) countries, among others Indonesia, Thailand, Singapore, Philippine, Malaysia, and Vietnam, are integrated monthly data from January 2000 until August 2014. To support that analysis, a somewhat similar approached is done for the foreign exchange market in the same ASEAN member countries. The empirical results suggest that the ASEAN stock markets are co-integrated (except Philippines). Also, there is a positive relationship between Indonesia's and other ASEAN member countries' foreign exchange market. Those analysis were done in relationship with the new regional condition, faced by the new government just recently elected, that is, the ASEAN common market, which would be implemented in 2015.
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Sasana, Hadi, and Salman Fathoni. "Determinant of Foreign Direct Investment Inflows in Asean Countries." JEJAK 12, no. 2 (September 22, 2019): 253–66. http://dx.doi.org/10.15294/jejak.v12i2.18785.
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Foreign Direct Investment (FDI) believed to be one of the instruments to reduce gap between the rich and the poor countries has considered Asian countries destination, including ASEAN Region. The aim of this study was to analyze factors affecting FDI in ASEAN countries (Cambodia, Indonesia, Malaysia, Philippines, Thailand, and Vietnam) during 2007-2016. The method used to analyze the data was multiple linear regression. The results indicated that market size, government integrity, and infrastructure quality positively affected FDI; wages and exchange rates negatively affected FDI; while, economic crisis had negative effect only in Malaysia. Meanwhile, economic openness, tax rate, and interest rate did not affect FDI inflow in ASEAN countries.
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Bui Thanh, Trung. "Monetary policy effect in an economy with heavily managed exchange rate." Journal of Asian Business and Economic Studies 24, no. 02 (April 1, 2017): 31–50. http://dx.doi.org/10.24311/jabes/2017.24.2.06.
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The primary objective of this paper is to investigate the effect of monetary policy on macroeconomic variables in Vietnam, which is a small, open, and developing economy with heavily managed ex-change rate. Monetary policy shock is identified by the sign re-striction methodology. Unlike previous studies, this paper identifies a monetary contraction by a combination of an increase in interest rates, a decrease in central bank credit, a drop in the stock of foreign exchange reserves, and a fall in broad money. The empirical results show that output and prices begin to reduce after a restrictive mone-tary shock in the medium term, suggesting the adverse effect of monetary policy in the short term and the necessity to improve the transparency of monetary setting. Meanwhile, exchange rates are unresponsive to a tightening decision, which is not a sign of puzzle but plausible when the nature of a peg regime is taken into account. Furthermore, foreign exchange policy causes inflation to rise since its effect is partially sterilized by changes in monetary policy instru-ments. Therefore, Vietnamese monetary authorities should consider a shift toward a more floating regime to achieve monetary inde-pendence or foster the development of financial markets in order to alleviate inflationary pressure caused by foreign exchange policy.
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Nguyen, Tho Ngoc. "CHANGE AND EMPOWERMENT IN THE CULT OF GUAN GONG IN SOUTHERN VIETNAM." Scientific Journal of Tra Vinh University 1, no. 27 (June 19, 2019): 56–69. http://dx.doi.org/10.35382/18594816.1.27.2017.130.
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Cultural practice is a kind of expression and reflection of real livelihood into human mind and experience, is a set of knowledge, values, faiths and social standards constructed by the whole community; therefore, it contains the rhythm and breath of life and can be changed to meet the demands. Regarding socialenvironment, the communities always keep going on the processes of developing and diversifying their culture through acculturation, exchange and localization, which finally constructs the social norms, goals and driving forces for their advancement. Among various approaches and methodologies, the change in empowerment in cultural practices actively offers the optimized values in functional standardization and implementation. The final value is undoubtedly the social capital. This research is to investigate the introduction, development, change and empowerment of the Chinese-rooted Guan Gong belief in Vietnam, through which emphasizes the process and nature of the cult during the deep absorption in Vietnamese history of anti-foreign invasions throughout the last two centuries, and enriches local values of a characteristic belief and a symbolic icon of multicultural exchanges in Vietnam, especially in the Southern region. Thispaper applies the theories of deconstruction and empowerment under cultural studies perspective in order to analyze and explain the processes of deconstruction, restructuring and empowerment in the cult of Guan Gong in Southern Vietnam as well as extract the regular principle of cultural exchanges locally.
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Johan, Suwinto. "Macroeconomic Determinants of Auto Sales in ASEAN: An Empirical Study in Five Major ASEAN Countries." JAS (Journal of ASEAN Studies) 8, no. 2 (December 8, 2020): 95–110. http://dx.doi.org/10.21512/jas.v8i2.6621.
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This research examines the determinants of car sales in ASEAN countries. The research concentrates on five macroeconomic variables (consumer price index, gross domestic product (GDP) per capita, changes in gross domestic product per capita, foreign exchange rate, and interest rate). The total sample is 12 years of automobile sales in five ASEAN countries from 2005 – 2016. The five ASEAN countries are Indonesia, Thailand, Malaysia, Singapore, and Vietnam. This paper used the multilinear regression method with Statistical Package for the Social Sciences (SPSS) software to test the research model. For interest-rate variables, we used a lag of one year. The empirical results show that the previous period for inflation, gross domestic product per capita, interest rate, and the foreign exchange rate significantly influenced on car sales in five ASEAN countries. The growth of GDP per capita does not influence car sales.
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Truong, Anh Thuan. "Conflicts among religious orders of Christianity: А study of Vietnam during the 17th and 18th centuries." Vestnik of Saint Petersburg University. Philosophy and Conflict Studies 37, no. 2 (2021): 369–78. http://dx.doi.org/10.21638/spbu17.2021.214.
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During the 17th and 18th centuries, the presence as well as activities of religious orders of Christianity in Vietnam, predominantly the Society of Jesus, Mendicant Orders (Franciscan Order, Dominican Order, etc.), and the Society of Foreign Missions of Paris, to establish or maintain and strengthen the interests of some Western countries’ (Portugal, Spain, France) missionary work in this country led to conflicts and disputes over the missionary area as well as the right to manage missionary activities among religious orders of Christianity. From 1665 to 1773, the Vietnamese Catholic Church witnessed protracted disputes and conflicts between Jesuits sponsored by the Portuguese and the Society of Foreign Missions of Paris backed by France. While contradictions between them remained unresolved, from the first half of the 18th century onwards, conflicts and disputes between the Spanish Franciscan Order and the missionaries of the Society of Foreign Missions of Paris continued to arise. This influenced the development of Christianity in Vietnam during this period. Based on original historical sources and academic achievements of Vietnamese scholars as well as international, this article applies two main research methods of the history of science (historical and logical methods) with other research methods (systemic, analysis, synthesis, comparison, etc.) to closely examine the “panorama” of the conflicts between the religious orders of Christianity that took place in Vietnam during the 17th and 18th centuries. The article analyzes the underlying and direct cause of this phenomenon, making certain contributions to the study of the relationship among religious orders in the process of introduction and development of Christianity in Vietnam, as well as the history of East-West cultural exchange in the country during this period.
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Huu Nguyen, Anh, Thu Minh Thi Vu, and Quynh Truc Thi Doan. "Corporate Governance and Stock Price Synchronicity: Empirical Evidence from Vietnam." International Journal of Financial Studies 8, no. 2 (April 7, 2020): 22. http://dx.doi.org/10.3390/ijfs8020022.
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This research is conducted to investigate the impact of corporate governance on stock price synchronicity in the context of the Vietnamese market. The paper tests four hypotheses proposing the effect of four crucial components of corporate governance including board size, board independence, managerial ownership, and foreign ownership on stock price synchronicity. The study sample includes 247 non-financial listed companies on the Ho Chi Minh Stock Exchange (HOSE) in Vietnam over a period of five years from 2014 to 2018. The fixed effects model is employed to address econometric issues and to improve the accuracy of the regression coefficients. The research results show the positive impact of board size and foreign ownership but the negative impact of managerial ownership on stock price synchronicity. This study confirms the viewpoint that stocks in the market move more together when the firms’ corporate governance gets better. In other words, the research findings suggest that low synchronicity signifies the corporate intransparency and weak information environment and vice versa. From this, the paper provides a new insight to managers on how to improve stock price synchronicity with corporate governance.
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An, Dinh Nguyen, and Ly Lan Yen. "Using Case Teaching Methods Via Case Study - Factors Influencing Fdi Capital in Vietnam." Remittances Review 7, no. 2 (November 19, 2022): 87–98. http://dx.doi.org/10.47059/rr.v7i2.2414.
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Vietnam has experiences in using case study in teaching economic students at universities and colleges. In scientific language, there are many advantages of case teaching and including in case, the brightest, most prominent information such as: Results and Positive figures. For example in this paper we introduce a case of fast achievements in which Foreign Direct Investment (FDi capital) plays supporting roles for economic growth and social development. One of this case study’s purposes is to state What are effects of 5 macro variables on FDI and implications for policies. By using combination of quantitative methods and qualitative methods, our research results tell that : CPI, exchange rate and FDI have negative correlation whereas Trade balance, VNIndex and FDI have positive relation. So we would suggest government agencies, Ministry of Finance that: first, consider to reduce exchange rate ; second, consider to increase trade balance and VnIndex.
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Cajano, Allyssa Nicandra A., Sheena A. Carrillo, Vien Blanch Z. Gaton, and Ronaldo R. Cabauatan. "Impact of Financial Risk, Current Accounts, and Financial Crisis on Foreign Direct Investment: A Study on Developing Countries in the ASEAN Region." Journal of Business and Social Sciences Research 6, no. 2 (December 31, 2021): 1–24. http://dx.doi.org/10.3126/jbssr.v6i2.44683.
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This study investigates the impact of financial risk, current accounts, and financial crisis on FDI in the developing countries of ASEAN. More specifically, the study examines the effects of the inflation rate, FOREX, lending interest rate, and foreign debt as financial risk components. The panel data have been used from 1995 to 2019 in the region's eight selected countries, divided into two categories according to their income levels: the low-middle income (viz., Cambodia, Laos, Myanmar, the Philippines, and Vietnam) and upper-middle-income (viz., Indonesia, Malaysia, Thailand). The study showed that foreign debt, exchange rate, interest rate, and current accounts for lower-middle-income ASEAN countries are potential determinants of FDI. In contrast, inflation and the financial crisis are both found to be insignificant in determining FDI. For upper-middle-income ASEAN countries, the panel least square method revealed that current accounts, foreign debt, interest rate, inflation rate, and exchange rate are significant factors of FDI. Hence, like lower-middle-income countries, the financial crisis also has no effect on FDI in this region. However, the random effects method exhibited that all variables affect the FDI for upper-middle-income countries.
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Xaypanya, Phonesavanh, Poomthan Rangkakulnuwat, and Sasiwimon Warunsiri Paweenawat. "The determinants of foreign direct investment in ASEAN." International Journal of Social Economics 42, no. 3 (March 2, 2015): 239–50. http://dx.doi.org/10.1108/ijse-10-2013-0238.
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Purpose – The purpose of this paper is to investigate the significant factors determining foreign direct investment (FDI) in Cambodia, Laos, and Vietnam (ASEAN3) and Indonesia, Malaysia, the Philippines, Thailand, and Singapore (ASEAN5). Design/methodology/approach – This paper applies the first differencing technique to estimate the parameters on the constructed panel data starting from 2000 to 2011. Findings – Due to the different stages of economic development between ASEAN3 and ASEAN5, the determinants of FDI are different. We found that there are significantly positive effects of infrastructure facility, level of openness, and negative effect of inflation on FDI inflow in ASEAN3; while real exchange rate, gross domestic product and net official development assistance have no effect on its FDI. The finding in ASEAN5 showed that market size and infrastructure facility are significant factors to attract FDI. Furthermore, even though there are an increase in inflation rate as well as a decrease in level of openness measurement, ASEAN5 are still attractive to foreign investors. Originality/value – The time variant and invariant unobserved effects that are ignored in the previous studies are considered in this study.
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Huu Nguyen, Anh, Duong Thuy Doan, and Linh Ha Nguyen. "Corporate Governance and Agency Cost: Empirical Evidence from Vietnam." Journal of Risk and Financial Management 13, no. 5 (May 20, 2020): 103. http://dx.doi.org/10.3390/jrfm13050103.
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This study examines the impact of corporate governance, reflecting a wide spectrum of board characteristics and ownership structure on agency costs in 281 listed companies on Ho Chi Minh Stock Exchange (HOSE) in Vietnam in the period 2013–2018. For this purpose, three board characteristics were chosen: (1) the size of board of directors, (2) equilibrium between non-executive and executive members of the board of directors, (3) the CEO chair duality and three types of ownership structures were chosen: (1) management ownership, (2) government ownership, (3) foreign ownership. An inverse proxy of agency costs is used: asset utilization ratio (asset turnover), which reflects the managerial efficiency. The research methodology includes three statistical approaches: Ordinary least squares (OLS), fixed effects model (FEM) and random effects model (REM) are considered to employ to address econometric issues and to improve the accuracy of the regression coefficients. The results can create effective corporate governance mechanisms in controlling the managerial opportunistic behavior to lower agency conflicts, and hence lower agency costs.
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Tran, Thi Xuan Anh, and Quoc Tuan Le. "The Relationship between Ownership Structure and Dividend Policy: An Application in Vietnam Stock Exchange." Academic Journal of Interdisciplinary Studies 8, no. 2 (July 1, 2019): 131–46. http://dx.doi.org/10.2478/ajis-2019-0025.
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Abstract This research examines the possible association between ownership structure and Vietnam listed companies’ dividend payout policy over the period of 2009 – 2015. We have investigated 642 listed firms in Hochiminh stock exchange and Hanoi stock exchange, using pannel data analysis. Ownership structure is described with two main sub-variables: ownership concentration and ownership composition. Specifically, the Herfindahl index (or H-index) was applied to measure the level of ownership concentration /dispersion for all major shareholders in the company, including the five biggest investors, corporate institutional investors, the ownership concentration level, and foreign investors. It has been observed that the H-index of all major shareholders has an average of less than 0.5 but the value of the H-index of institutional investors at 0.594 indicates that institutional investors are more likely to be concentrated in the hands of large institutional investors. The result showed linear relationship between institutional ownership and the dividend rate, but not statistically significant for the relationship between managerial ownership and dividend payout ratio.
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Pham, Thi Hong Hanh, and Thinh Duc Nguyen. "Foreign Direct Investment, Exports and Real Exchange Rate Linkages in Vietnam: Evidence from a Co-Integration Approach." Southeast Asian Economies 30, no. 3 (2013): 250. http://dx.doi.org/10.1355/ae30-3b.
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Mikhnevich, E. S. "Accession to the World trade organisation: a boon or a challenge?" Obshchestvo i ekonomika, no. 9 (2021): 107. http://dx.doi.org/10.31857/s020736760016812-2.
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The article is based on statistical data and examines the changes in the main macroeconomic indicators in eleven countries that joined the World Trade Organization in the period from 1996 to 2008. The group of countries for this study includes Bulgaria, Mongolia, Kyrgyzstan, Latvia, Estonia, Georgia, Lithuania, Moldova, Armenia, Vietnam, Ukraine (ranked in the order of their accession to the WTO). The main goal of the study was to see an objective picture of how the fact of accession to the multilateral trading system has affected the country's economic development. The group of surveyed macroeconomic indicators comprises: gross domestic product per capita; export of goods and services; inflow of foreign direct investment; inflation rate; unemployment rate; the volume of foreign exchange reserves. Studies have shown that accession to the GATT/WTO multilateral trading system did not entail pronounced negative consequences for development processes for any of the studied countries. Macroeconomic indicators such as gross domestic product per capita, the volume of attracting foreign direct investment, the volume of exports of goods and services, the volume of foreign exchange reserves tended to grow in all states studied in the article. The unemployment and inflation rates were less stable, but the main reasons for their volatility were mainly, negative phenomena in the world economy, as well as internal political events that took place in some of the countries.
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Le, Trien Vinh, and Trang Huyen Le. "Ownership and Identities of the Largest Shareholders and Dividend Policy: Evidence From Vietnam." Organizations and Markets in Emerging Economies 8, no. 1 (May 31, 2017): 86–104. http://dx.doi.org/10.15388/omee.2017.8.1.14199.
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This study investigates the relationship between the level of shareholdings and identities of the largest shareholders, and cash dividend policy. The study is conducted with a sample of 180 firms listed on Vietnam stock exchange markets from 2009 to 2013. The fixed effect model is employed to analyze the balanced panel data. The results show that the higher the level of holdings by the largest shareholders, the lower the dividend payout. Moreover, companies with the State and Foreign investors as the largest shareholders have higher dividend payout ratio than companies with local investors and managers as the largest shareholders. The study also finds that companies tend to pay higher dividends when profits decrease or growth opportunities increase.
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Seo, Jeong Mok. "A Study on the Methodology of Strengthening Competencies of Vietnamese Students Studying in Korea." Korean Society of Culture and Convergence 44, no. 11 (November 30, 2022): 731–42. http://dx.doi.org/10.33645/cnc.2022.11.44.11.731.
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The purpose of this study is to present convergence majors and programs, and a systematic methodology for strengthening the competency of Vietnamese students studying in Korea. By applying this methodology, if Vietnamese students succeed in finding jobs or starting businesses in Korea or in Vietnam, a virtuous cycle which creates demands for new Vietnamese students can be established. The specific methods are as follows; first, academic guidance and career coaching by Vietnamese, second, the education of languages for specific purposes, third, the major of Vietnamese interpretation and translation, fourth, reverse study abroad system in Vietnam and credit exchange system with Vietnamese universities based on distance learning system, fifth, convergence majors with Vietnamese characteristics such as Southeast Asian studies and multinational tax accounting major, sixth, joint operation of online courses between Korean and foreign universities and a credit linkage system between the universities in both countries.
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Wang, Chia-Nan, Thi-Ly Nguyen, Thanh-Tuan Dang, and Thi-Hong Bui. "Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model." Mathematics 9, no. 5 (February 25, 2021): 469. http://dx.doi.org/10.3390/math9050469.
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In Vietnam, fishing is a crucial source of nutrition and employment, which not only affects the development of the domestic economy but is also closely related to exports, heavily influencing the economy and foreign exchange. However, the Vietnamese fishery sector has been facing many challenges in innovating production technology, improving product quality, and expanding markets. Hence, the fishery enterprises need to find solutions to increase labor productivity and enhance competitiveness while minimizing difficulties. This study implemented a performance evaluation from 2015 to 2018 of 17 fishery businesses, in decision making units (DMUs), in Vietnam by applying data envelopment analysis, namely the Malmquist model. The objective of the paper is to provide a general overview of the fishery sector in Vietnam through technical efficiency, technological progress, and the total factor productivity in the four-year period. The variables used in the model include total assets, equity, total liabilities, cost of sales, revenue, and profit. The results of the paper show that Investment Commerce Fisheries Corporation (DMU10) and Hoang Long Group (DMU8) exhibited the best performances. This paper offers a valuable reference to improve the business efficiency of Vietnamese fishery enterprises and could be a useful reference for related industries.
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HOANG, BUI VAN, and NGUYEN KHAC QUOC BAO. "Volatilities in the interdependence between stock market, bond market, and foreign exchange market in Vietnam: An empirical investigation." Journal of Economics Development 24, no. 2 (April 1, 2017): 51–73. http://dx.doi.org/10.24311/jed/2017.24.2.04.
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Xuan Hong Nguyen, Thi, and Hung Ngoc Dang. "Impact of corporate governance and ownership on business performance: A case study of Vietnam." Problems and Perspectives in Management 20, no. 2 (April 26, 2022): 96–106. http://dx.doi.org/10.21511/ppm.20(2).2022.09.
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The study is conducted to investigate the impact of corporate governance and ownership on business performance in listed firms on the Vietnamese Stock Exchange. The study employed the general regression method (GLS) with a sample of 506 listed firms in the period 2008–2020. The study demonstrated the impacts of corporate governance and ownership on firm performance. First, the size of the Board of Directors (BOD), state ownership, and foreign ownership have a positive impact on firm performance. On the contrary, the ratio of independent members in the BOD and the percentage of members of the BOD who are major shareholders have a negative impact on firm performance. An interesting finding is that the BOD with female members, the duality of director and chairman, and the ratio of independent members have a negative impact on the Board of Management. In contrast, firms with no female members in the BOD have a positive relationship with firm performance. The empirical results and recommendations in this study might be good instructions for firms to improve their firm performance.
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Xuan Hong Nguyen, Thi, and Hung Ngoc Dang. "Impact of corporate governance and ownership on business performance: A case study of Vietnam." Problems and Perspectives in Management 20, no. 2 (April 26, 2022): 96–106. http://dx.doi.org/10.21511/ppm.20(2).2022.09.
Full textAbstract:
The study is conducted to investigate the impact of corporate governance and ownership on business performance in listed firms on the Vietnamese Stock Exchange. The study employed the general regression method (GLS) with a sample of 506 listed firms in the period 2008–2020. The study demonstrated the impacts of corporate governance and ownership on firm performance. First, the size of the Board of Directors (BOD), state ownership, and foreign ownership have a positive impact on firm performance. On the contrary, the ratio of independent members in the BOD and the percentage of members of the BOD who are major shareholders have a negative impact on firm performance. An interesting finding is that the BOD with female members, the duality of director and chairman, and the ratio of independent members have a negative impact on the Board of Management. In contrast, firms with no female members in the BOD have a positive relationship with firm performance. The empirical results and recommendations in this study might be good instructions for firms to improve their firm performance.
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Xuan Hong Nguyen, Thi, and Hung Ngoc Dang. "Impact of corporate governance and ownership on business performance: A case study of Vietnam." Problems and Perspectives in Management 20, no. 2 (April 26, 2022): 96–106. http://dx.doi.org/10.21511/ppm.20(2).2022.09.
Full textAbstract:
The study is conducted to investigate the impact of corporate governance and ownership on business performance in listed firms on the Vietnamese Stock Exchange. The study employed the general regression method (GLS) with a sample of 506 listed firms in the period 2008–2020. The study demonstrated the impacts of corporate governance and ownership on firm performance. First, the size of the Board of Directors (BOD), state ownership, and foreign ownership have a positive impact on firm performance. On the contrary, the ratio of independent members in the BOD and the percentage of members of the BOD who are major shareholders have a negative impact on firm performance. An interesting finding is that the BOD with female members, the duality of director and chairman, and the ratio of independent members have a negative impact on the Board of Management. In contrast, firms with no female members in the BOD have a positive relationship with firm performance. The empirical results and recommendations in this study might be good instructions for firms to improve their firm performance.