Vietnamese Enterprises Research Articles

The Impact of Social Media on the Efficiency of Online Business Performance

This study aimed to develop some criteria to assess the impact of social media on the online business activities of Vietnamese enterprises. As the country’s e-commerce has been experiencing phenomenal growth, to assess the impact of social media on the same, we designed a questionnaire to assess five criteria based on relevant studies and collected data from 356 respondents in the positions of Head and Deputy of sales, marketing, and customer services departments of 80 typical and small and medium e-commerce enterprises. The results showed that Vietnamese enterprises did not know how to use the loyal customer community to influence potential customers on social networks and leverage the intelligence and creativity of customers for business operations. In addition, most Vietnamese enterprises spent a large sum of money on social networking activities but had low interaction because they often used too much text and very little visual content. To the best of our knowledge, this is the first study that attempted to identify the criteria for assessing the impact of social media on the online businesses of Vietnamese enterprises. Emphasizing that social networks have become an important channel for the business of Vietnamese enterprises, the study provides researchers and enterprises with a broader and deeper understanding of how social media can be better utilized to create a positive impact in promoting online business activity.

Applying International Financial Reporting Standards (IFRS) and Challenges to Vietnamese Enterprises

The worldwide adoption of the International Financial Reporting Standards (IFRS) is occurring rapidly to improve the quality of accounting information through the use of a set of standardized accounting rules. In that context, Vietnamese enterprises are switching from the Vietnam Accounting Standards to the International Financial Reporting Standards in preparing their financial statements. This transformation generates both opportunities and challenges for Vietnamese businesses. This research carries out literature reviews and in-depth interviews with some researchers and experts to identify what difficulties Vietnamese businesses are facing in transforming financial statement standards and to propose lessons learnt for other businesses that are preparing for the transformation. Besides, the research also compares a big enterprise’s financial statements prepared under VAS versus IFRS as a case study to point out some differences between the two accounting standards.

Applying International Financial Reporting Standards (IFRS) and Challenges to Vietnamese Enterprises

The worldwide adoption of the International Financial Reporting Standards (IFRS) is occurring rapidly to improve the quality of accounting information through the use of a set of standardized accounting rules. In that context, Vietnamese enterprises are switching from the Vietnam Accounting Standards to the International Financial Reporting Standards in preparing their financial statements. This transformation generates both opportunities and challenges for Vietnamese businesses. This research carries out literature reviews and in-depth interviews with some researchers and experts to identify what difficulties Vietnamese businesses are facing in transforming financial statement standards and to propose lessons learnt for other businesses that are preparing for the transformation. Besides, the research also compares a big enterprise’s financial statements prepared under VAS versus IFRS as a case study to point out some differences between the two accounting standards.

The impact of attitude towards an e-tax system on tax compliance of Vietnamese enterprises: Adoption of an e-tax system as a mediator

PURPOSE: Tax compliance is a topic of concern for many scholars all over the world. Most of them point out factors affecting tax compliance, and one significant factor is the adoption of tax compliance. However, there have not been many studies analyzing the relationship between attitude towards an e-tax system, adoption of an e-tax system, and tax compliance. This paper aims to investigate the mediating impact of adoption of an e-tax system in the association between attitude towards an e-tax system and tax compliance based on empirical evidence from Vietnamese enterprises. METHODOLOGY: On the basis of the Theory of Reasoned Action (TRA), the research model is proposed. Accordingly, hypotheses are developed and this study applies a quantitative analysis with a research sample of 435 Vietnamese enterprises. The questionnaire includes close-ended questions sent to managers or tax accounting officers at enterprises by three methods: directly interviewing, via e-mail, and via the General Department of Taxation. The collected data are then processed and analyzed by SPSS v.22 and AMOS. The study applies Cronbach’s Alpha as a tool for assessing the reliability or internal consistency of scales. Following is the exploratory factor analysis (EFA). Finally, regression analysis is used to evaluate the impact of the independent variables on the dependent variable and to estimate the research model. FINDINGS: There are significant direct effects of the two independent variables, attitude towards an e-tax system and adoption of an e-tax system, with the dependent variable tax compliance. Furthermore, the adoption of an e-tax system partially mediates the association between attitude towards an e-tax system and tax compliance. This mediating effect positively consolidates the impact of attitude towards an e-tax system and tax compliance. IMPLICATIONS: This paper mainly focuses on the tax compliance of Vietnamese enterprises that could be further studied with foreign enterprises that have been operating in Vietnam. Besides, the research is conducted in the context of Vietnam, thus, it is a reference for studies in other developing countries having a similar economy or tax administration. ORIGINALITY/VALUE: This study contributes to enhancing research associated with tax compliance, especially investigating the mediating impact of adoption of an e-tax system in the association between attitude towards an e-tax system and tax compliance of enterprises in the context of Vietnam. The findings of the study suggest some policy implications for improving tax compliance in Vietnam including (1) continuously improving the information technology infrastructure for both tax authorities and enterprises; (2) widely disseminating tax law and providing support services to enterprises; (3) upgrading the e-tax system to ensure the effective coordination between tax authorities, tax officials, enterprises, and other authorities in applying e-tax; (4) consolidating the supervision and assessment of the adoption of e-tax; (5) promoting information and education on the perception of complying with the tax law for taxpayers in particular and the entire population in general; (6) developing a tax administration strategy based on tax compliance.

Factors affecting the financial reporting quality in Vietnamese enterprises: A perspective from Contingency Theory

This research aimed to identify factors that affect the financial reporting quality (FRQ) in Vietnamese enterprises, in which the affecting factors are based on the Contingency Theory. Data were collected through an email survey combined with a direct, and the survey period was from January to June 2020. We focussed on surveying CFOs, chief accountants, and accountants who had at least three years of working experience. The research sample consisted of 235 enterprises with headquarters in Ha Noi, Ho Chi Minh, and Da Nang (the three largest cities in Vietnam), in which there were 92 small enterprises, 69 medium enterprises, 74 large enterprises; 26 businesses that have adopted the international financial reporting standards (IFRS) as their accounting framework for the preparation of their financial reporting, and 109 businesses that have not applied IFRS. The research model and hypotheses have been tested by Multiple Linear Regression (MLR) with the support of SPSS statistical software. The research results indicate that there are four factors significantly affecting the FRQ: Administrator support; Accountant competency; Internal Control effectiveness and IFRS application. The study contributes to perfect FRQ’s direct method measures, highlighting the role of the Contingency Theory in creating a basic that helps to interpret the relationship of contextual factors and FRQ.

Micro factors affecting the application of International Financial Reporting Standard No. 6: evidence from Vietnamese enterprises

Micro factors affecting the application of International Financial Reporting Standard No. 6: evidence from Vietnamese enterprises

Impact of Capabilities on Operational Performance: The Case of Vietnamese Enterprises

This article aims to evaluate the impact of enterprise capabilities, including Learning Orientation (LO) and E ntrepreneurial Orientation (EO), on Operational Performance (OP). The research surveyed 276 Vietnamese enterprises of different sizes, ages, ownership types, and industries. The main findings of descriptive and reliability statistics, exploratory factor analysis, multivariate regression analysis, and group comparison from SPSS 20 software show that learning orientation and entrepreneuri

Impact of dynamic capabilities and firm characteristics on the firm performance of Vietnamese small and medium-sized retail enterprises

Impact of dynamic capabilities and firm characteristics on the firm performance of Vietnamese small and medium-sized retail enterprises

Impact of dynamic capabilities and firm characteristics on the firm performance of Vietnamese small and medium-sized retail enterprises

Impact of dynamic capabilities and firm characteristics on the firm performance of Vietnamese small and medium-sized retail enterprises

Studying the Impact of Factors Affecting Competitiveness in Seafood Export Enterprises: A case in the Mekong Delta, Vietnam

This study aims to explore the factors affecting the competitiveness of seafood exporters in the Mekong Delta by surveying 200 people who are leaders and managers of exporting enterprises seafood exports in the region. The results show that the factors affecting competitiveness are measured by 10 components in order of importance: (1) Research and development capacity, (2) Brand competitiveness, (3) Human resource capacity, (4) Production technology capacity, (5) Business relationship development capacity, (6) Marketing capacity, (7) Management capacity, (8) Capacity price competitiveness, (9) Financial capacity, (10)Commercial dispute handling capacity. The study makes several recommendations to the leaders of seafood export enterprises to improve their competitiveness. References Hoang, T.T. (2011). Improving competitiveness of Vietnamese seafood export enterprises by 2020. Doctoral thesis.  Ho Chi Minh City: University of Economics Ho Chi Minh City. Ministry of Agriculture and Rural Development. (2010). Vietnam Fisheries Development Strategy to 2020. Hanoi. Nguyen, D.T & Nguyen, T.M.T (2008). Research on dynamic competitiveness of Vietnamese enterprises in Ho Chi Minh City. The scientific research topic is mentioned in the Set No. B2007-09-46-TD. Vietnam:  University of Economics Ho Chi Minh City. Porter, M. E. (1980). Competitive Strategy Techniques for Analyzing Industries and Competitors. US: New York Free Press 1980. Porter, M. (1990). National competitive advantage. Ho Chi Minh City: Young Thanh, N.V. (2005). Enhancing the competitiveness of Vietnamese enterprises in the current period", Economic Development Magazine, November issue Quy, P.T. (2005). Policies and solutions to improve the competitiveness of Vietnam's export aquatic products in the process of international economic integration. Research project at ministerial level, MS B2004.38.80

Impact of green supply chain management on competitive advantage and firm performance in Vietnam

The objective of the article is to evaluate the influence of green supply chain management on firm performance through a mediate variable which is competitive advantage and moderate variable which is supply chain integration. Research was conducted on 313 Vietnamese enterprises and the data analyzed by Smart PLS software shows that green supply chain management has a positive impact on firm performance. At the same time, competitive advantage and supply chain integration both have a statistically significant mediating and moderating role. The research results are meaningful for managers to come up with green supply chain integration policies and strategies to improve competitive advantage and firm performance.

Research and analyze the risks in business activities of Vietnamese enterprises in the context of international economic integration

Over the years, Vietnam has witnessed difficulties and challenges due to many subjective and objective reasons, including the Covid-19 pandemic, which has complicated developments that have greatly affected the health and people's lives, seriously affecting the economy and all aspects of social life. Meanwhile, the risks of macro instability and financial instability are increasing. Inflationary pressure increased due to cost-push factors and prolonged monetary policy. The economy contracted and the asset market corrected sharply, while budget spending on economic stimulus packages increased. With the impact of science and technology, the contemporary world has become a flat world, a global world. As a result, there are events that take place in a certain region or country that will also create great changes with other regions and countries, requiring us to have a very scientific view. learn to come up with guidelines, policies, and ways to take advantage of opportunities as well as overcome challenges that are not small. References Tien, N. H., & Minh, H. T. T. (2019). Challenges for Vietnamese Business Leaders in the Era of International Economic Integration and Industrial Revolution 4.0.“. International Journal of Commerce and Management Research, 5(5), 19-24. Linh, P. N. M., & Huong, N. T. T. (2020). The Supply Chain and Logistics of Vietnam in the context of international economic integration. International Business Research, 13(7), 27-44. Thanh, V. T. (2005). Vietnam's trade liberalization and international economic integration: evolution, problems, and challenges. ASEAN Economic Bulletin, 75-91. Tien, N. H., Hung, N. T., Vu, N. T., & Bien, B. X. (2020). Risks of Vietnamese enterprises in trade relations with China. International Journal of Research in Finance and Management, 3(1), 1-6. Tien, N. H., & Ngoc, N. M. (2019). Comparative Analysis of Advantages and Disadvantages of the Modes of Entrying the International Market. International journal of advanced research in engineering and management, 5(7), 29-36. Thanh, V. T. (2015). Vietnam's perspectives on regional economic integration. Journal of Southeast Asian Economies, 106-124. Nguyen, H. T. N., & Enderwick, P. (2016). The perceptions and responses of Vietnamese firms towards deeper regional economic integration: case studies from the food processing industry. Journal of Southeast Asian Economies, 65-82. Tien, N. H., & Minh, H. T. T. (2019). Cultural risk management in the integration process of Vietnamese enterprises. Int J Commerce Manage Res, 5(5), 25-29.

Current Situation and Recommendations for Promoting Employee Commendation in Enterprises in Vietnam

Human resource development plays a key role for every business. In human resourceattraction and development policies, commendation is regarded by enterprises as an effectivemeasure for encouraging employees to dedicate themselves to work. This paper analyzes thesignificance and practices of commendation in Vietnamese enterprises, and then proposes somesolutions for the enterprises to strengthen commendation for employees.

The Impacts of Public Administrative Quality on Profitable Enterprises in Vietnam

This study aims to understand the relationship between the quality of public administration and the rate of profitable enterprises by locality in Vietnam in the period 2015 - 2019. With a combined data set from two sources including The first is the Provincial Competitiveness Index (PCI) dataset jointly implemented by the Vietnam Chamber of Commerce and Industry (VCCI) with the support of the United States Agency for International Development (USAID) in Vietnam, the second is the "White Book of Vietnamese Enterprises" compiled and published annually by the General Statistics Office of Vietnam. Combined with panel data estimation method to assess the impact of public administration quality indicators on the rate of profitable enterprises by locality. Research results show that there exists a relationship between the quality of public administration and the rate of profitable enterprises. Especially the indicators of Entry Costs, Policy Bias, and Labor and Training have both positive and negative effects with very strong statistical significance.

An Analysis of the Effects of the Fourth Industrial Revolution on Vietnamese Enterprises

Abstract The objective of this empirical study is to analyze the role of the industrial revolution 4.0 (IR4.0) on Vietnamese enterprises. The IR4.0, which relates to the breakthrough of the Internet of Things and artificial intelligence, has brought about changes in the manufacturing industry and had a significant impact on Vietnamese enterprises. A review of previous studies combined with secondary data has been applied for analyzing and supporting the evidence of the impact of IR4.0 on Vietnamese enterprises. The analysis has provided evidence that aside from its beneficial opportunities, the IR4.0 will create many challenges for Vietnamese enterprises, impacting management, operations, and the manufacturing sector. The concept of IR4.0 and its impact on enterprises and economies should be considered and the IR4.0 will accelerate the process of technological innovation. This is derived from the nature of the IR4.0, which is based on digital technology and integrates all intelligent technologies. It is evident from the data analysis and the synthesized information that Vietnamese enterprises in IR4.0 have advantages and opportunities to access the new technologies. In adapting to the requirements stemming from this revolution, enterprises should increase their investment in applying new technologies to take opportunities into the current market. Due to this issue, Vietnamese enterprises need to change and be innovative in their overall strategy, adapt and make good use of the benefits and opportunities, provide solutions to the new challenges, and achieve the competitive advantages within the IR4.0. Based on the outcomes of this study, management practitioners and researchers can refer to and apply these findings for future in-depth studies of how IR4.0 is affecting Vietnamese enterprises and make relevant recommendations.

The Impact of Board Characteristics on Information Disclosure of Vietnamese Enterprises

The study investigates the impact of board characteristics on listed companies' information disclosure level in Vietnam. The data is collected from the audited financial statements and annual reports of 648 listed companies on HOSE and HNX. Based on the suggested items of Standard and Poor's and the Vietnamese stock exchange market context, the information disclosure index is calculated, which is used for measuring the level of information disclosure of the listed companies. The findings show that the information disclosure level is strongly influenced by board characteristics, namely the positive effect of the board size, state ownership, and duality role, and negative effect of non-executive directors. Additionally, we also find the positive effect of the quality of financial statements and the marketplace on information disclosure. Besides that, we find evidence that the relationship between information disclosure and board characteristics is also significant influenced by firm size, firm profitability, and firm leverage.

Supply chain integration and economic performance: empirical evidence from a developing country

PurposeThis study seeks to investigate the impact of supply chain integration (SCI) practices on economic performance in Vietnamese enterprises.Design/methodology/approachBased on data collected from 144 Vietnamese enterprises, this study employs partial least squares path modeling to analyze the direct and indirect relationships among external integration, information integration, process integration and economic performance.FindingsAnalytical results indicate that of the three SCI practices, external integration has a significant and positive impact on economic performance. Process integration and information integration, on the one hand, reveal insignificant direct impact on economic performance, and on the other, show significant indirect effect on economic performance through external integration.Originality/valueThis study sheds new light on the contribution of SCI to economic performance in developing economies and offers suggestions for not only local management but also foreign investors on the efficient allocation of resources to achieve higher economic performance.

Entrepreneurial culture and innovative work behaviour: the mediating effect of psychological empowerment

PurposeThis paper aims to explore how entrepreneurial culture (EC) and psychological empowerment (PE) support innovative work behaviour (IWB) of employees in organizations. First, it examines the impact of EC on IWB. It also explores the mediating effect of PE to support the EC – IWB relationship. Accordingly, it suggests a mechanism model to explain the relationship between EC and IWB.Design/methodology/approachThis is an empirical research using quantitative methods. Data were collected via both face-to-face and online surveys from 308 employees in Vietnamese enterprises. The partial least squares-based structural equation modelling (PLS-SEM) approach was applied to test hypotheses in the research model.FindingsSignificant R-square values were achieved for both EC – PE and PE – IWB relationships, according to the PLS-SEM. The most interesting finding is the full mediating role of PE in the relationship between EC and IWB. Despite the non-significance in the direct impact of EC on IWB, the role of EC in promoting IWB is important in an indirect way through PE. The significant role of PE in facilitating IWB has been proven.Originality/valueThis research is one of the initial attempts to empirically build the roadmap from EC, as a typical type of organizational culture, through the mediating effect of PE to improve IWB. This roadmap provides top managers with a hierarchical view that effectively cascading interventions from the organizational level, such as EC, through a significant mediator as PE at the group level, and then down to IWB as a result at the individual level.

Transportation routes evaluation: A delphi and CFPR approach

In 2020, the Regional Comprehensive Economic Partnership (RCEP) initiated by the Association of Southeast Asian Nations (ASEAN) was officially signed; the RCEP is the largest free trade agreement in the world. As both Vietnam and China are important member countries of this agreement, the close trade cooperation that exists between Vietnam and China has important economic and political implications, and its development has been further improved by the Belt and Road Initiative (BRI). The vast majority of this trade is done through intermodal container transport, so efficient multimodal container transport has become necessary to enable cross-border trade. With the rapid development of China’s transportation infrastructure, Chongqing has become an emerging logistics hub in inland China. Hai Phong is the largest port city in Vietnam, and it has extensive multimodal transport infrastructure. In this paper, we scientifically evaluate the competing routes for the multimodal container transport supporting China-Vietnam trade, analyse eight transport routes from Chongqing to Hai Phong, and evaluate these routes with the Delphi and CFPR methods. This study can inform Chinese and Vietnamese trade enterprises in terms of selecting their preferred multimodal transport route strategies and the governmental authorities of both countries in making management decisions.

Dealing with the Barriers in International Trade in Vietnam Today

It’s been considered to be a tough time for the domestic business community in recent years due to the change in the Trans-Pacific Partnership Agreement, the outbreak of anti-globalization trend, the US interest rate hike, and the upcoming fourth industrial revolution. Those factors can lead to the reversal of international trade and investment, highly affecting young economies of high attraction, which, as those in Vietnam, consider exports and foreign investment as growth drivers. As the matter stands, a large number of Vietnamese enterprises have been suffering from unfair trade disputes and anti-dumping lawsuits on the way to global integration. That the enterprises lack considerate understanding of commercial legality and the spirit of solidarity to cope with trade barriers leads to such expense. Therefore, the author wishes to evaluate the ability of Vietnamese businesses to deal with the international trade barriers; and thereby make recommendations which could help those enterprises effectively respond to such barriers under the circumstance of global integration.