Enterprises In Vietnam Research Articles

Developing the Voluntary Pension Fund at Enterprises in Vietnam from the Perspective of Employers

The paper studies the factors affecting the development of the voluntary pension fund system at enterprises from the employers' perspective. Through a survey of 37 enterprises, the paper clarifies employers' awareness of the importance of voluntary pension funds, the need for enterprises' pension funds, and their willingness to invest in the voluntary retirement fund. The findings show that 78.83% of businessmen believe that developing a voluntary pension fund system is necessary because voluntary pension insurance is a way for employees to protect themselves and their families against risks. 100% of business owners want a voluntary pension fund based on an agreement between the enterprises and employees, while 60% of employers prefer the blended mechanism with government supervision and support. Regarding the level of investment in social insurance and other retirement regimes, 68% of enterprises spend less than 10% of total costs to implement the program; 30% of enterprises use from 10% to 20% of total costs to implement the program. Employers show their prudence when considering a voluntary pension fund at their enterprises. More than 60% of employers concern about the fund security, 24% considers the impact of macro economic factors on the fund performance.

Impact of FDI absorptive capacity on labor productivity in Vietnam

This study examines the impact of Foreign Direct Investment (FDI) absorptive capacity on labor productivity in Vietnam's vibrant and dynamic context. Using panel data analysis of firm-level data from the Vietnam Enterprise Survey for 2008-2018, which was collected by the General Statistics Office of Vietnam, the authors find out that capacity is essential in enhancing labor productivity in Vietnamese firms. The study takes a strong and thorough approach, using panel data analysis to find out the many aspects of firm-level absorptive capacity and what these aspects mean for improving labor productivity in Vietnamese businesses. Specifically, firms with higher absorptive capacity tend to have higher labor productivity levels than those with lower absorptive capacity. Our findings suggest that policy makers in Vietnam and other developing countries must develop their absorptive capacity to benefit from FDI and fully improve productivity. In order to fully benefit from foreign direct investment (FDI), host nations must place a high priority on building their capacity to absorb FDI through wise expenditures in infrastructure, innovation, education, and training, as well as intellectual property rights protection. The study also shows how important absorptive capacity is in the relationship between FDI and productivity by adding to the existing research and finding the specific absorptive capacity indicators that are most useful for increasing labor productivity in Vietnamese businesses.

Factors affecting the application of management accounting of revenue, costs, and business results

The effective management accounting of revenue, costs, and business results holds significant importance in enterprise management accounting, particularly for businesses situated in countries with fragile economies such as Vietnam. However, the current situation of applying accounting of revenue, costs, and business results at enterprises, in general, and electricity enterprises in Northern Vietnam, in particular, still has many limitations. Therefore, this article aims to promote the level of effective management accounting for revenue, costs, and business results. A quantitative study was undertaken, involving the distribution of questionnaires to 57 companies within the electricity sector in Northern Vietnam. The collected data was then analyzed using Excel and Statistical Package for the Social Sciences (SPSS) 22 software. The findings of the study reveal that there are six elements influencing the management accounting of revenue, costs, and business results in electricity enterprises, including 1) the amount of financial accounting information provided; 2) enterprise size; 3) corporate culture; 4) qualifications/quality of accounting staffs; 5) level of awareness of business managers, and 6) availability of information technology. Therefore, the article proposes a recommended solution to ameliorate the management accounting of revenue, costs, and business results in electricity enterprises in Vietnam.

An Administrative Support System for Digital Transformation of Small and Medium-Sized Enterprises in Vietnam

Abstract Digital transformation (DX) is complex with many automated parts, underlying integrations and processes that need to fit all together. Tools to support the management of DX activities are, therefore, crucial for every business. However, there are just a few of such tools available these days that can help businesses with the DX management both effectively and comprehensively, but none of them was designed particularly for small- and medium-size enterprises (SMEs) of Vietnam. In this study, we will conduct an overview of recent studies on DX, methods and models for SMEs, and relevant research works regarding information support systems for the management of DX for SMEs. We then propose a novel administrative support system that not only addresses the shortcomings of the current state-of-the-art DX management systems but also meets the requirements of DX for SMEs in Vietnam. In addition to the system design and development, we also implement and benchmark the software product at 11 SMEs in Vietnam (and some results if any).

Empirical study on the relationship between corporate social responsibility, corporate reputation and performance of e-commerce enterprises in Vietnam

The article studies the relationship between corporate social responsibility (CSR), corporate reputation and performance of e-commerce enterprises. Testing on a sample of 212 Vietnamese e-commerce enterprises by SEM method, the research findings show a clear positive impact of corporate reputation on firm performance. Regarding CSR, CSR for customers has a direct impact on reputation, and a partial mediation impact through reputation on firm performance. While CSR for employees only has a full mediation impact through reputation on firm performance; CSR for the community has insignificant relationship with firm performance of Vietnamese e-commerce enterprises. Also, CSR for employees and community has no impact on the corporate reputation Vietnamese of e-commerce enterprises.

Impact of supply chain finance on firm performance in Vietnamese enterprises

The aim of this study is to experimentally examine the relationship between supply chain finance (SCF) and the financial performance of Vietnamese listed non-financial enterprises. A conceptual framework was developed and tested using secondary data collected from 659 companies listed on the Vietnam Stock Exchange in 2022. The path method is used using Stata 18 software. The results highlight that SCF has a positive impact on the financial performance of listed non-financial enterprises in Vietnam. These findings will help businesses better understand how SCF implementations benefit their financial performance in a global environment, especially in emerging markets.

Factors influencing policy choice at businesses in an emerging economy: The case of Vietnam

The technological revolution has been taking place and rapidly changing many activities in social life, and especially in businesses. The benefits of the technological revolution led to changes in policies for businesses and therefore require businesses to change to adapt. In operations, choosing appropriate policies plays a decisive role in the development of enterprises in production and business, optimizing production activities and dominating the market. Conducting a survey of 310 typical enterprises in Vietnam with stable production and business activities, using estimated regression analysis via SPSS software, the regression results show that the factors that influence the decision of the policy choices are: external groups, administrator influence, employee quality, and legal environment.

The Role of The Formalization Process on The Product Innovation Results of Small and Medium-sized Private Enterprises in Vietnam

This study assesses the role of formalized business in the innovation activities of small and medium-sized enterprises (SMEs) in the private sector in Vietnam. Panel data regression analysis is employed in this study. Research data were extracted from three surveys of small and medium private enterprises conducted by the United Nations University (UNU) in 2011, 2013 and 2015. The dataset contains information about enterprises in all major manufacturing sectors, on innovation activity, firm formalization status, and enterprises’ characteristics. Research results show that improving the status of the firm from informal to formal has a significant boost to the overall innovation performance, as well as each type of innovation of small and medium enterprises in Vietnam. This is the first study in Vietnam that examines the impact of formalization on product innovation outcomes of small and medium-sized private enterprises, taking into account the characteristics of enterprises such as size, age, technology level, and other specific features.

The solutions to improve CSR activities for Vietnam enterprises: Evidence from Ho Chi Minh City Power Corporation (EVNHCMC)

CSR activities are very important not only to generate stakeholder attitudes and behaviors but also, over the long run, to build corporate/brand image, strengthen stakeholder–company relationships, and enhance stakeholders’ advocacy behaviors for the enterprises. By analyzing the company’s current situation, managerial implementations are proposed, including in terms of CSR activities improvement via Website quality such as Customer-centric website design, Efficient current website management, regular updating of the latest information, Social network, and Customer centricity solutions by Customer Support Service Level Agreement (SLA), Organizing seminars, reality shows, expert’s advice in the electricity industry to raise customer awareness, customer responsibility in saving energy for sustainable development.

The Reality of Presentation and Disclosure of Information on Financial Instruments in Non – Financial Enterprises in Vietnam

Financial instruments are increasingly diverse and complex that makes users' requirements for information of financial instruments more demanding. It is necessary to clearly understand the full disclosure of information about financial instruments in enterprises. Therefore, researching the current status of presentation and disclosure of information about financial instruments in enterprises in Vietnam serves a basis for perfecting the system of legal documents related to accounting for financial instrument. This article studies the current status of presentation and disclosure of information about financial instruments in non-financial enterprises listed on the Vietnam Stock Exchange to help researcher and issuers in promulgating accounting standards for financial instruments in Vietnam.

Impact of Knowledge Management on Results of Social Enterprises in Vietnam

Purpose: The article focuses on analyzing how knowledge management affects the utilization and development of knowledge resources in social enterprises, which in turn can create positive results in implementing social and business goals.
 
 Method: Based on the statistical results of samples with 2 main characteristics: Characteristics of survey samples according to characteristics of Social Enterprise owners and Characteristics of survey samples according to characteristics of Social Enterprises to conduct an assessment of knowledge Management capacity, discovery factor to provide discussions and discuss the impact of knowledge management on social enterprise models.
 
 Results: The article confirms that Knowledge management is becoming important and a competitive advantage in Social Enterprises in particular and the business environment in general. All Enterprise activities revolve around Knowledge Management, so this is a key factor in the competitive advantage and sustainable development of all businesses, especially in the era of the 4.0 Technology Revolution.
 
 Conclusion: The study provides recommendations and directions so that interested researchers continue to improve and develop new research models and that administrators in social enterprises in Vietnam have more grounds to make recommendations. management decisions.

Organizational Factors and Knowledge Sharing Behavior: Mediating Model of Knowledge Sharing Intention

This research investigates the mechanism of how organizational factors (including organizational climate, formalization, and centralization) impact knowledge-sharing behavior by considering knowledge-sharing intention as a mediator. After conducting online surveys and offline interviews, we utilized a quantities method with the PLS-SEM tool to examine the potential findings. This study’s respondents were employees selected randomly from information technology enterprises in Vietnam; the final data set included 529 responses. The findings demonstrate that the organizational climate has a favorable link with knowledge-sharing behavior, whereas the remaining organizational factors, namely formalization and centralization, have a negative influence. Besides, this study found that knowledge-sharing intention plays a mediating role in these relationships. This research also provides some theoretical and practical implications, limitations as well as future research directions for further studies.

The Impact of the Crisis on Investment Behaviour in Foreign Direct Investment Enterprises in Vietnam

The Impact of the Crisis on Investment Behaviour in Foreign Direct Investment Enterprises in Vietnam

Using the altman’s Z-score formula to assess the financial situation of military construction enterprises in Vietnam

Military construction enterprises are classified as defense economic enterprises and are subject to regulation by two legal systems: the State’s legal system for regulating enterprises in general and provisions of law on national defense. As a result, military construction enterprises have unique characteristics that distinguish them from other enterprises. These characteristics include the organizational form, capital mobilization form, depreciation management, receivable management, and profits distribution of military construction enterprises. This study uses data from financial statements of 22 military construction enterprises from 2015 to 2019 including both joint stock companies and 100% state-owned enterprises to calculate the Altman Z-score formula. The Altman Z-score is a linear combination of four or five common business ratios, weighted by coefficients. Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distress status of enterprises with high reliability. Due to the difference between military construction enterprises and conventional enterprises, the Altman model is applied in the article to evaluate the financial status of military construction enterprises. The research results show that the decrease in business efficiency causes the ratio of revenue and profit to total assets of military construction enterprises to decrease sharply, the proportion of working capital in total assets is low. Furthermore, the ratio of equity to total debt is the most important reason to make low Z-score that means prediction of a high risk of bankruptcy in military construction enterprises. An evidence base from the research results is used for making a number of proposals to reduce the risk of bankruptcy and improving the efficiency of financial management of enterprises.

Unraveling the influence of human capital and stakeholder engagement on corporate digital responsibility: Implications for firm performance in Southeast Asia enterprises

AbstractSoutheast Asian enterprises (SAEs) face the challenge of ensuring responsible and ethical utilization of data and digital technologies in the rapidly evolving digital landscape. Corporate digital responsibility (CDR) has emerged as a framework to guide organizations in adopting socially, economically, technologically, and ecologically responsible practices. However, empirical research on CDR is limited, highlighting the need for further investigation to bridge the gap between theory and practice. This study addresses this gap by examining the influence of human capital and stakeholder engagement on the formulation and execution of CDR strategies and their impact on firm performance. Drawing upon the theoretical framework of a Resource‐Based View and analyzing data from 2106 enterprises in Vietnam, Philippines, and Indonesia were collected through the Future of Business Survey. This research contributes insights into the drivers and determinants of CDR adoption and implementation, evaluates the effectiveness of different CDR approaches in achieving favorable post‐CDR performance outcomes, emphasizes the moderating role of stakeholder engagement, and offers a unique empirical perspective within the context of SAEs. This study enriches our understanding of CDR and provides practical implications for organizations seeking to navigate the complexities of responsible digital practices.

Factors Affecting Business Performance: Evidence from Listed Aviation Enterprises in Vietnam

This study aims to determine and analyze the influence of internal factors on business performance of aviation enterprises in Vietnam. The article uses data collected from financial statements from 2013 to 2022 of 11 aviation enterprises listed on the Vietnam stock market. Applying SPSS 26 software in quantitative analysis, research results show that the factors solvency, total asset turnover, and enterprise size have a positive influence, while capital structure has a negative influence. on the business performance of the enterprise, the factors of business time and the proportion of fixed assets are not enough basis to consider the impact on the business performance of the enterprise. Using the research results, the author proposes some solutions to improve business efficiency of aviation enterprises in the future.

The influence of income tax rate, tunneling incentives, and return on equity on transfer pricing behavior of foreign direct investment enterprises in Vietnam

The utilization of competitive advantages in international trading has fortuitously put transnational manufacturing enterprises in the position of distorting transfer pricing techniques to maximize profits. The paper aims to explore the influence of the determinants on the transfer pricing behavior of foreign direct investment enterprises in Vietnam. The paper collects primary data from the financial statements of 96 foreign direct investment enterprises in Vietnam over six years from 2016 to 2021. The paper gets a final panel data of 576 observations to be processed by the fixed effects model estimation method using EViews 12. Supporting agency theory and positive accounting theory, the results show that the income tax rate negatively influences transfer pricing behavior, while tunneling incentives and return on equity positively affect transfer pricing behavior. The paper highlights that government agencies should reperform and implement fiscal policies synchronously to be able to monitor transfer pricing behaviors of foreign direct investment enterprises in Vietnam.

Linking innovation and firm performance in an emerging market: does supply chain play a mediation role?

Purpose This study investigates the impact of human capital (managers' capital, employees' capital) and orientation (market orientation, entrepreneurial orientation) for accelerating the digitalization process and improving the firm performance. It also studies the role of supply chains as both direct and indirect mediators of the correlation between digitalization and business performance.Design/methodology/approachThis article aims to develop an empirical study using a random sampling technique and survey data collected from 368 managers and owners of different food enterprises in Vietnam. The study adopted a methodological approach quantitatively. Analysis of the relationships and confirmatory factors was performed using structural equation modeling (SEM), a technique to evaluate the proposed relationships.FindingsIn line with expectations, the findings emphasize the impact of human capital (managers' capital, employees' capital) and orientation (market orientation, entrepreneurial orientation) for accelerating the digitalization process and the role of supply chains as both direct and indirect mediators of the correlation between digitalization and improving the firm performance, in the context of emerging markets.Originality/valueThis is an important investigation, according to the authors' knowledge, regarding the role of developing human capital (managers' capital, employees' capital) and orientation (market orientation, entrepreneurial orientation) as a key strategy for accelerating the digitalization process and improving the firm performance. Further, the study's novelty reinforces the role of supply chains as both direct and indirect mediators of the correlation between digitalization and business performance in the Vietnamese food companies, where a market economy is emerging.

Impact Of The Free Trade Agreement (FTA) on Agricultural Product Export Enterprises in Vietnam

Signing and implementing FTAs, especially new-generation FTAs, has promoted economic growth and improved Vietnamese society's spiritual and material life. Agricultural products are one of the industries most affected by implementing new-generation FTAs. Those impacts include both positive and negative results. This paper will analyze some of the effects of the EU Free Trade Agreement (EVFTA) on agricultural export enterprises in Vietnam after signing the Agreement. From that impact analysis, the paper will offer several recommendations and solutions for businesses and the government to help agricultural export enterprises in Vietnam take full advantage and benefit, also limit the negative impacts of FTAs.

Influencing Corporate Culture On Internal Control In Commercial Firms

Objective: Corporate culture is the perception, behavior, communication style, and qualities that are unique to a firm. One of the core factors that makes a firm successful is its corporate culture. The article aims to determine the corporate culture factors and their influence on internal control in commercial firms in Hanoi. Method: The major method of study used by the author is a combination of quantitative and qualitative methodologies. Scale adjustments are made via qualitative research. The model is examined, measured, and tested using quantitative research. We use primary data from a survey of commercial enterprises in Vietnam. The research sample is 225 and is analyzed using regression models. Results: Research results have determined that corporate culture factors, including collaborative culture, hierarchical culture, and competitive culture (sig. = 0.000 < 0.05), affect positive internal control in commercial enterprises in Hanoi. Conclusions: The article is based on the empirical data collected from various types of participants, including accountants (for information provision), managers (for decision-making), sales staff (for work), and lecturers (for research) in Vietnam. By drawing the concept from previous research, the study explores corporate culture as an internal control determinant. The study contributed to a theoretical enhancement of the current level of knowledge on the factors that affect internal control and developed a reliable scale for measuring the corporate culture and internal control of commercial firms in Hanoi, Vietnam. Besides, our study emphasizes that the corporate culture in commercial enterprises in Hanoi needs improvement to support internal control. Policymakers are required to make strategic efforts for internal control system reform in firms to increase the likelihood of business performance. The value of the study is that it provides an expansion of the corporate culture factors that influence internal control in commercial firms in Hanoi, thereby proposing governance implications for the business leaders of these firms to improve internal control. Besides, research results provide useful references for research on related issues.