Analysis of multi-factors affecting resource consumption efficiency in Vietnam

Abstract

Theprimary objective of this study is todelve into the factors potentially influencing resource utilisationefficiency at the provincial level in Vietnam. We leverage 185 data points gathered from 63 Vietnamese cities or provinces, obtained from two key sources: the General Statistical Office of Vietnam and the Ministry of Information and Communications Vietnam. The collected data was subjected to analysis using an empirical econometric model that incorporates time-series characteristics to explore the connections between these potential determinants of resource consumption efficiency. The analysis revealed a strong correlation between resource utilisationefficiency and the quality of digital transformation, logistics performance, and various aspects of public governance,including accountability to higher authorities, control of corruption, administrative procedures, and public service delivery. Additionally, the provincial competitiveness index, encompassing factors like entry costs, policy bias, and labourpolicy, also demonstrated a significant association. These findings highlight a clear link between effective public governance and efficient resource utilisationin Vietnamese provinces. This suggests that robust public governance systems, combined with advancements in digitalisationand logistics, can play a crucial role in optimisingresource utilisationwithin Vietnamese provinces.