Industry In Vietnam Research Articles

Impacts of the European Union deforestation regulation on Vietnam’s coffee supply chains

In June 2023, the European Union (EU) enacted the Regulation on Deforestation-Free Products (EUDR), which requires agricultural products to enter and leave its territory free from deforestation. The regulation applies to seven commodities: cattle, cocoa, coffee, oil palm, rubber, soya, wood, and their derivative products. The regulations apply to seven commodities: cattle, cocoa, coffee, oil palm, rubber, soya, wood, and their derivate products grown or raised on land subject to deforestation or forest degradation will be banned from entering the EU market. EUDR will have a significant impact on Vietnam’s Exports of Agricultural Products. Coffee, rubber, wood, and wood products are the main industries in Vietnam affected by this regulation, as the country exports a substantial portion of these products to EU markets. This article examines the impacts of the European Union Deforestation Regulation on Vietnam’s coffee supply chains, discusses possible unintended effects on coffee farmers and farming households, and explores strategies to mitigate these negative impacts while highlighting specific challenges that may arise. The results of this study contribute to a better understanding and management of Vietnam’s agricultural exports, particularly in the coffee sector. Additionally, the article gives some recommendations for improving Vietnam’s laws and policies on deforestation-free products.

The Periodic Feeding Frequency of the Juvenile Tropical Rock Lobster (Panulirus ornatus) in the Examination of Chemo-Attract Diet Performance and Colour-Contrast Preference.

Significant research investment into tropical rock lobster (TRL) aquaculture production methods has led to a rapidly developing industry in Vietnam and, more recently, in Australia. The need for an effective formulated feed has been highlighted for both industries; however, feed intake has been a consistent limitation. Visual and chemical cues regulating feed recognition and consumption are expected to yield valuable data, leading to increased feed intake. Lobsters were placed in white- and grey-coloured enclosures to examine the effect of background colour on their feeding behaviour in terms of feeding occurrence and response time. The impact of background colour on TRL feeding behaviour found no statistically significant differences between TRL in white and grey enclosures, suggesting grayscale contrast does not directly affect feeding behaviour. Experiment 2 studied the effects of coloured feeding zones on feeding response in white enclosures. Yellow feeding zones led to a decreased feeding time (473 ± 443 s) and increased time spent feeding (168 ± 1832 s) compared to other colours, possibly due to the yellow-blue chromaticity (b*) contrast. Experiment 3 examined chemo-attractants (glycine, taurine and inositol) and their influence on the feeding behaviour of TRL, but no increased responses were observed. Experiments two and three assessed TRL feeding activity in morning and evening periods, highlighting their nocturnal behaviour, with more feeding occurring in the evening. This project enhances our understanding of photoreceptive and chemoreceptive factors affecting TRL feeding behaviour with formulated feed. It also reveals the potential for background colour changes to enhance marketable colours in commercial settings. Additionally, the study confirmed the effective use of animal tracking software (EthoVision XT) for lobster species tracking in future behavioural trials.

The Role of Cultural Heritage in The Development of Tourism and Some Cultural Industries in Vietnam

Many nations now view the cultural industry as a significant role in the country's cultural life and as a vital economic sector supporting sustainable development. Vietnam has an affluent cultural history with diverse cultural identities and is valuable in every way. The development of various cultural industries benefits greatly from the resources provided by cultural heritages. In order to elucidate the significance of cultural heritage in the growth of particular cultural industries, such as music, film, and cultural tourism, we employ synthetic analysis techniques and field research in this article. According to the research findings, cultural heritages are becoming important resources for the growth of cultural tourism, giving travellers motivation to travel, learn, and carry out research. Cultural heritage also provides resources and inspiration for music and film production, meeting the public's needs for cultural entertainment. The article makes inferences about the value of cultural heritage; development constraints, and potential solutions for preserving and enriching cultural heritage within the cultural industry. It also provides ways to improve human resources in the fields of music, film, and cultural tourism.

Challenges of BIM Technology and Lean Theory in the Construction Industry in Vietnam

Challenges of BIM Technology and Lean Theory in the Construction Industry in Vietnam

Evaluating polyphenol and ascorbic acid contents, tannin removal ability, and physical properties during hydrolysis and convective hot-air drying of cashew apple powder

Abstract Cashew apple is a source of by-products in the cashew industry. Powder products provide convenience to the process of use, transport, and preservation of nutrients. In this study, the production of soluble powder from cashew apples was developed through the investigation of hydrolysis process (time, temperature, and enzyme tannase) and convective drying conditions (temperature and maltodextrin content). The following indicators are evaluated, such as the total polyphenol content (TPC), total tannin content, total ascorbic acid, solubility, turbidity, and color. The results have shown that TPC increased by 1.67 times, and more than 50% of tannins was removed after the hydrolysis process. At the same time, the efficiency of the process over 30% under all processing conditions was evaluated. These results are the foundation for the development of cashew apple powder and related products, thereby improving the economy of the cashew industry in Vietnam and the world.

The Role of Environmental Management Accounting in Sustainability

This research explores the importance of environmental management accounting practices in businesses. It examines how market competition, environmental unpredictability, organizational size, and corporate governance influence the adoption of environmental management accounting tools and environmental performance. Data were collected from a survey of 397 individuals across various industries in Vietnam. The study found that greater environmental unpredictability, more intense market competition, larger organizational scale, and more effective corporate governance promote the use of environmental management accounting, leading to improved environmental performance. Additionally, environmental management accounting methods mediate the relationships among market competition, environmental uncertainty, organizational size, corporate governance, and environmental performance. This study contributes to the literature by highlighting the significance of environmental management accounting practices in Vietnam and offers practical insights for corporate leaders in developing countries. Overall, the findings suggest that businesses in competitive and unpredictable environments should prioritize the implementation of environmental management accounting practices to improve their environmental performance. This has practical implications for corporate leaders in developing countries like Vietnam, emphasizing the need for robust accounting practices to navigate environmental challenges.

Relationship between Corporate Social Responsibility (CSR) and Financial Performance in the Healthcare Industry in Vietnam

This study aims to understand the relationship between corporate social responsibility and the financial performance of companies in the healthcare sector in Vietnam. The sample size of the study is 242, including data collected from 22 listed companies in the healthcare industry in Vietnam, during the period from 2012 to 2022. By using Stata software research methods and tests, research results show that corporate governance, human rights, and community have a significant impact on the financial performance of healthcare businesses in Vietnam, while employee relations and environment have no impact on financial performance. From there, this study makes several recommendations that healthcare companies should have reasonable regulations to adjust the gender balance on the board of directors and develop a code of ethics on human rights associated with CSR activities, thereby implementing training programs to improve the quality of human resources, and needing to allocate investment costs in production technologies appropriately to optimize operating performance and profits of the business.

Which Factors Help SMES’ Performance Recover Post-Pandemic? The Role of Learning Capability, Intellectual Capital, and Technological Innovation

Abstract SMEs are significantly affected by the COVID-19 pandemic. This study examines how these variables interact to help SMEs recover and develop sustainably. The quantitative method is adopted in this paper. The research data was acquired from 450 SMEs in several industries in Vietnam. Research results show that learning capability improves intellectual capital and SMEs’ performance. Next, technological innovation moderated the link between learning capability, intellectual capital, and SMEs performance, suggesting that integration can improve SMEs’ recovery and resilience. Driven by research findings, SMEs should develop a learning culture and technological innovation to leverage performance during the turbulent circumstances of COVID-19. Furthermore, managers should invest in intellectual capital to support innovation during recovery and growth. Policymakers may help SMEs by encouraging learning organization, information sharing, and technology adoption. These measures can help SMEs thrive post-pandemic and revitalize local and global economies.

Quality 4.0 practices toward sustainable excellence in the manufacturing sector

In the Industry 4.0 context, it is very important for companies to apply a comprehensive and sustainable business model to grow steadily and quickly adapt to the fast-changing environment. Although the existing literature has explored Quality 4.0 by integrating Industry 4.0 tools into the TQM system, the question of how Quality 4.0 practices drive sustainable excellence (SE) remains unexplored. Therefore, to fill the gap, this research aims to investigate the relationship between Quality 4.0 practices and SE as well as the role of digital transformation (DT) and digital leadership in this connection, anchoring on the stakeholder theory, the natural resource-based view (NRBR) theory, and the socio-technical system (STS) theory. The research employs the quantitative Structural Equation Model method to analyse empirical data in the manufacturing industry in Vietnam. The findings demonstrate that Quality 4.0 practices positively influence both digital transformation and SE. This study confirmed the mediating role of digital transformation and the moderating role of digital leadership in the relationship between Quality 4.0 practices and SE. The findings of this study contributed to applications of Quality 4.0 practices and digital transformation to improve SE in the manufacturing sector.

Circular economy implementation and sustainability performance of the textile industry in an emerging economy

PurposeThis study attempts to explore the association between circular economy implementation and sustainability performance for the textile industry in Vietnam. This study also investigated the influences of corporate green commitment on implementing circular economy practices as well as the moderating effect of corporate green efficacy on the relationship between corporate green commitment and circular economy implementation.Design/methodology/approachThe circular economy practices in the study were divided into three categories: internal environmental management, eco-design, and investment recovery. Sustainability performance consists of economic performance, environmental performance, and social performance. A questionnaire survey on Vietnam’s textile companies was conducted in the study to test the proposed research framework.FindingsResearch findings reveal that corporate green commitment significantly influences the implementation of circular economy practices, and circular economy practices have significantly positive influences on sustainability performance. Corporate green efficacy significantly moderates the association between corporate green commitment and circular economy implementation.Originality/valueAs one of the first empirical studies focusing on the circular economy issues in Vietnam’s textile industry, this study extended the understanding of the antecedents and consequences of implementing circular economy practices. The research results are theoretically and practically meaningful.

Áp dụng mô hình BSC trong đánh giá hiệu quả hoạt động của doanh nghiệp tại Việt Nam: Nghiên cứu trường hợp sản xuất

This study explores the application of the Balanced Scorecard (BSC) model in evaluating the performance of businesses in Vietnam, focusing on a production case study. The BSC model, which encompasses four perspectives—financial, customer, internal business processes, and learning and growth—is widely used to assess and improve organizational performance. By employing a mixed-methods approach, including interviews, surveys, and secondary data analysis, this research examines the implementation of the BSC model in a Vietnamese production company. The study reveals the strengths and weaknesses of the company’s performance across the four BSC perspectives and identifies the challenges in applying the model within the Vietnamese context. The findings suggest that the BSC model can be effectively adapted to evaluate and enhance the performance of Vietnamese businesses. The study also provides recommendations for strategies to improve performance based on the BSC analysis and highlights the need for further research on the application of the BSC model in various industries in Vietnam. This research contributes to the growing body of literature on performance evaluation in Vietnamese businesses and offers practical insights for managers seeking to implement the BSC model in their organizations.

The Impact of Emotional Intelligence and Transformational Leadership on Organizational Culture and Employee Performance in the Banking Industry in Vietnam

Purpose: The objective of this research is to evaluate the influence of emotional intelligence and transformational leadership on organizational culture and employee performance. Design/methodology/approach: Data was gathered from a total of 291 employees currently employed at banks in Vietnam via the use of Google Forms. Using PLS-SEM, or partial least squares structural equation modeling, to analyze the data. Findings: The findings revealed that emotional intelligence had a beneficial effect on organizational culture. Besides, the results demonstrated that transformational leadership also had a positive impact on organizational culture. The findings also revealed that organizational culture had a beneficial effect on employee performance. Research limitations/implications: These findings have significant implications for banking managers seeking to enhance employee performance. Originality/value: This important research contributes to improving our comprehension of the impact that emotional intelligence and transformational leadership exert on organizational culture and employee performance.

Green supply chain finance model in logistics and transportation industry: improving from policies and regulation and financial digitalisation practices

ABSTRACT This study contributes to the green supply chain finance model to facilitate the alignment between financial prosperity and the green transition in the logistics and transportation industry in Vietnam. Green supply chain finance has received increasing attention of stricter environmental regulations and increases consumer demand in industries involved. This complex issue requires ongoing attention and resolution in the industry. This study aims to construct a green supply chain finance model and identify the attributes. This study employs a hybrid fuzzy Delphi and fuzzy decision-making trial and evaluation laboratory. The model is shown to be robust according to sensitivity analysis. The results show that the validated model is built by 13 criteria within five aspects. The aspects are policies, regulations, financial digitalisation approaches, and collaborative financing decision-making. The practical causal criteria include (1) shared profit maximisation, (2) government rewards, (3) sustainability agreements and to provide guidelines for the practices.

Corporate social responsibility and firm performance in the financial industry in Vietnam: The mediating role of digital transformation

Purpose: This study evaluated the influence of corporate social responsibility (CSR) initiatives undertaken by banks in Vietnam on their overall performance. Additionally, it sought to examine the relationship between corporate social responsibility and digital transformation efforts within the framework of the ongoing Fourth Industrial Revolution. Design/Methodology/Approach: The research uses a survey sample from Southeast Vietnam, specifically Binh Duong Province, Dong Nai Province, Tay Ninh Province, Ba RIA Vung Tau Province and Ho Chi Minh City. A total of 245 valid questionnaires were gathered from mid- and senior-level executives, senior employees and department heads who have implemented digital transformation strategies in banks. Findings: This study explores the relationship between corporate social responsibility and firm performance in Vietnam's financial industry focusing on the banking sector. The study discovered a favourable relationship between corporate social responsibility (CSR) and enterprise digital transformation as well as a good relationship between CSR and digital transformation and Vietnamese banks' business success. Conclusion: The digital economy has increasingly contributed to global economic development. Today’s digital landscape is undergoing a widespread phenomenon known as digital transformation. Hence, it is crucial to examine the impact of digital transformation on business processes. Practical Implications: The data also supports the idea that digital transformation serves as a mediator between corporate CSR and financial performance contributing to filling the gap when there is limited research in Vietnam on this relationship. Contribution to the Literature: This research aims to help banks in Vietnam enhance operational efficiency when banks actively engage in CSR and digital transformation.

Analyzing the Influencers affecting Gen Z Customer' Purchasing Behaviour on e-Commerce and Cosmetics in Vietnam

This study examines the influencers that significantly impact the purchasing behavior of Generation Z (Gen Z) customers in the e-commerce and cosmetics industries in Vietnam. By employing a mixed-methods approach, data was collected from 600 Gen Z customers in Vietnam, and behavioral intention models were used to understand their behavior. Specifically, 5 key characteristics of influencers such as trustworthiness, attractiveness, expertise, influencer match-up congruence with the brand/ product, and negative publicity are hypothesized to have significant impact on behavioral intention of Gen Z customers. The results of this research indicate that influencers play a significant role in shaping Gen Z customers' purchasing behavior in the e-commerce and cosmetics industries. Trustworthiness, attractiveness, and expertise were found to be crucial factors influencing Gen Z's decision-making process. Interestingly, the study reveals that influencers have a stronger impact than previously assumed, surpassing the theoretical expectations. The implications of these findings are significant for marketers and brands in developing effective influencer marketing strategies targeted at Gen Z customers in Vietnam. It is recommended that brands prioritize collaborating with trustworthy and compatible influencers who can create a positive brand image. Future research should consider additional factors and conduct cross-cultural comparisons to further enhance our understanding of Gen Z's behavior and the role of influencers.

Influence of corporate social responsibility and ethical leadership on employees' affective commitment: Evidence from the hospitality industry in Vietnam

AbstractThis paper intends to evaluate the relationship between corporate social responsibility (CSR), ethical leadership (EL), job satisfaction (JS), and affective commitment (AC). Filtered and entered Statistical Package for the Social Sciences and Amos is a powerful structural equation modeling software helping support research and theories, the data were gathered from 432 participants in Vietnam's hospitality sector. According to study findings, CSR and EL positively impact AC and JS among employees. Moreover, JS is also a vital component that has influenced employees' AC. The study results have managerial implications for improving JS and strengthening the correlation of employees' AC.

Analyzing economic performance and value added distribution in the Luong bamboo value chain: A case study of Thanh Hoa province, Vietnam

With 1.5 million ha of bamboo forest, Vietnam ranks 4th among the world's largest bamboo producers. The bamboo sector has significant development potential in the context of national and international impacts to build a bio-economy and increase the use of biogenic renewable resources. The bamboo industry in Vietnam is considered to have great development potential, with a potential production value of USD 1 billion. However, a number of factors currently significantly limit this potential. For example, the bamboo resource is overexploited and mismanaged; the level of horizontal and vertical cooperation among actors in the Luong bamboo value chain is weak; the utilisation rate of material bamboo is low; high-value bamboo products have not been developed; and benefit sharing among chain actors is unequal. As chopsticks and votive paper are the most common semi-industrial products in Vietnam, this paper analyses the characteristics of chain actors and compares the financial and economic performance of different actors in the chopstick and votive paper value chain (VC) in Thanh Hoa Province. Data were collected through interviews with eight key informants, 12 bamboo producers, five traders, one votive paper company, one chopstick company and six focus group discussions. The results show that the utilisation rate of raw material in the chopstick VC is low at less than 20 %. The net profit per ton of finished product for the processing company is much higher than the net profit for the farmers and traders. The total value added is USD 182.5/ton in the chopstick VC and USD 244/ton in the votive paper VC. The value added by farmers and traders is very low (less than 10 % of the total value added). Possible options for promoting cooperation between chain actors and improving the performance of chain actors are discussed.

Challenges and Solutions for Ride-Hailing Motorbike Drivers in Vietnam: An Analysis of Working Conditions and Health

In the digital age, ride-hailing motorbike services have become an indispensable part of the urban transportation system in Vietnam, attracting thousands of workers with their flexibility and income potential. However, occupation also poses numerous health and safety challenges. The job requires long working hours, exposure to harsh weather conditions, and highly competitive pressure, leading to physical and mental health issues such as muscle pain, fatigue, and stress. This research article employs a survey method to collect data from ride-hailing motorbike drivers to analyze the labor burdens they endure. Based on the findings, the study suggests solutions such as improving working conditions, developing health support programs, and implementing more flexible policies to enhance the quality of life and job satisfaction among workers, thereby contributing to the sustainable development of the industry in Vietnam.

The Evaluation of Impacts of Multi Factor Model on TTC Stock Price: a Case in Real Estate Industry in Vietnam

Objectives: The objective of this study is to analyze the impact of macroeconomic factors on the stock price of a real estate firm, specifically Thanh Cong TCC, in Vietnam from 2014 to 2020. The study aims to assess both positive and negative influences of five macroeconomic variables on stock prices and to understand the overall business health reflected by stock fluctuations. Methods: This study utilizes a data collection method involving statistics, analysis, synthesis, comparison, and quantitative analysis to generate qualitative comments and discussion. Econometric methods, particularly regression analysis, are employed to evaluate the quantitative results and assess the impact of macroeconomic factors on stock prices. Results: The quantitative research reveals several key findings. Firstly, the stock price of Thanh Cong TCC (Y) exhibits a negative correlation with the lending rate (R) and GDP growth, indicating that higher lending rates and lower GDP growth negatively impact stock prices. Conversely, there is a positive correlation between stock prices and the risk-free rate (Rf), consumer price index (CPI), and VNINDEX, suggesting that these factors positively influence stock prices. Furthermore, the study identifies GDP growth and lending rates as having the highest impact on firm stock prices. Conclusion: In conclusion, this study highlights the importance of considering macroeconomic factors in understanding stock price fluctuations in real estate firms in developing countries like Vietnam. The findings emphasize the significant impact of lending rates and GDP growth on stock prices, indicating their pivotal role in shaping the business health and overall economic conditions. By recognizing these influences, firms like Thanh Cong TCC can better navigate market dynamics and make informed strategic decisions to enhance their performance and resilience in the face of macroeconomic challenges.

The Impact of Technological Competence and Service Innovation Implementation on Brand Equity: A Case Study of Hotel Industry in Vietnam

This paper aims to propose and investigate two new antecedent factors (Technological competence and service innovation implementation) that affect hotel brand equity development in the context of the hotel. Questionnaire data were collected from 215 domestic tourists who have traveled to at least one experience using service to stay at 4-5 star hotels. The results of empirical tests using a structural equation model support the research hypotheses. The findings support direct positive links between technological competence, service innovation implementation, and the dimensions of brand equity, as well as the positive relationship between overall brand equity and its dimensions, except for the effect of destination brand awareness. Finally, relevant implications are provided for destination marketers to improve hotel brand equity in the tourism industry.