Vietnam has become the world's second largest exporter of coffee and the largest exporter of robusta bean. In the past ten years, coffee has been one of Vietnam's staple exports that has made great contributions to the industrialization and modernization process. Living standard of coffee-planters, however, has not much improved because revenue from selling coffee is not much higher than production cost. This problem means that scientific solutions to income rises are real challenges to policy-makers. To find a solution, it is necessary to identify factors that affect the income of coffee planters. Employing the theory of agronomy and realities in Vietnam, authors have developed a multivariate regression model to quantify the factors that affect the income of coffee planters. A direct investigation of 293 coffee-growing families in provinces of Laâm Ñoàng and Ñaék Laék was carried out with a view to testing and putting the model into practice. Results show that the income is affected by four factors: coffee-growing area, strain of coffee, coffee-planters' knowledge, and application of biological techniques.
Over the last few years, Vietnam has witnessed a very strong growth in its Initial Public Offering market. The total capital in the Vietnamese stock market at the highest point (at the end of 2007) was estimated at US$35 billion, equaling 50% of the GDP. However, among nearly 100,000 joint stock companies in Vietnam (GSO) only 794 ones had their shares listed on stock exchanges (up to May 2011). Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, and provides them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions (Peter C. Brewer, 2005). The purpose of this study is to try to apply management accounting to investigate how Initial Public Offering impacts on the PBTA (Profit before Tax on Assets) of the Vietnamese enterprises by using SPSS statistic method to answer the question of whether a positive impact between the pre- and post-IPO's PBTA in Vietnamese firms exists and provide some decision support for entrepreneurs in planning a public offering sometime in the future. The objectives of this study are (1) to investigate the significant impact of IPO on enterprise's PBTA in the Vietnamese stock market through profit before tax on asset – an management accounting tool, (2) to give suggestions and apply management accounting analysis to encourage non-listed enterprises to progress into an IPO more effectively.
Using the Dynamic Computable General Equilibrium (DCGE) framework, this study examines and compares the impacts of tariff reduction in association with government tax policy alternatives for satisfying a fixed budget income target. It is found that the effects of trade liberalization on the welfare of each household group depend strongly on the government polices dealing with deficit caused by tariff reduction. Replacing tariff with direct taxes seems to be more desirable than indirect taxes, though it will cause a considerable increase in foreign debt, and the highest improvement of the total national welfare may be obtained if the government can cut expenditure or find some sources of finance without increasing other taxes.
This paper aims at getting an insight into determinants of return of small and medium enterprises (SMEs) in the Mekong Delta through the estimation of the regression model in which return on sales (ROS), or operating profit margin, is a dependent variable, and determinants of their profit are independent variables. The estimation is based on primary data gathered from 1,017 enterprises in the period 2006 - 2010. The results reveal that their ROS is affected by (1) ratio of fixed assets to sales, (2) sizes of the enterprises, (3) the ratio of current assets to sales, (4) and (5) the age and origin of machinery, and (6) the GDP growth rate. The paper, thereby, proposes measures to raise SMEs' returns.
The instabilities of the world economy have greatly affected the Vietnamese stock market. Changes in macroeconomic policies, effects of the tight-money policy, banking bad debts, flows of credits to brokers, and regression in realty market bring concerns rather than expectations to investing community. These issues considerably influenced transactions in the Vietnamese stock market in the first quarter of the year and caused falls in VN-Index. On May 25, 2011 VN-Index was down to a record low of 386.36 points in the first two quarters. This has profoundly influenced the mentality of investors and increased herding behavior on the market transactions.
Based on direct interviews with 165 participants in the rice distribution network in Cần Thơ City as well as descriptive statistic methods and cost-benefit analysis, the research has portrayed the distribution network and evaluated the economic efficiency of the network participants. The results show that there are six rice distribution channels in Cần Thơ City in which rice retailers gain the highest profit margin, followed by merchants, husking factories, rice-farming households, and food companies. Yet, merchants and food companies, due to their large trading quantities, are those who reap the biggest profits.
The world economy thus far has witnessed crises of private debts, public debts, and economic recession in many countries in the America and Europe. For example, the early 2007 saw the collapse of the realty market and then in 2008 the massive bankruptcy of banks (i.e. Lehman Brothers on Sept. 17, 2008), insurers, and automobile companies in the USA leading it to a deep recession. Besides, EB and IMF respectively sponsored around €110 billion and €90 billion so as to tackle public debt crises and budget deficits having taken place in Greece in 2009 and Ireland in 2010. Portugal, Spain, and even France and Italy have also shown signs of fiscal volatility. Such the aforementioned facts are of course not sufficient to negate the big role of the government in enhancing the economic growth, environmental protection, and securing social welfare. Yet, if we exagerate effects of the government without having a comprehensive look at the cooperation between the government and the private sector throughout these incidents, the market is just a stage for a one-man show. Long-term and uncontrollable dangers will arise from this show of the government. Therefore, this paper aims to discuss the government's ambition in its fiscal policies (fiscal ambition) which sometimes derives from subjective perspectives on the government's role with the result that the government fails to run the national economy and low-income workers or pensioners will inevitably face tax burdens. After summarizing two schools of economics about fiscal policies, the paper will focus on three sections. The first section considers the rise in public expenditure and budget deficit of governments in EU27 and the USA within the recent period. The second section analyzes Vietnam's fiscal policies from 2004 to 2010. The last section suggests some solutions to control over fiscal ambition in Vietnam, especially the implementation of medium-term expenditure framework.
Income diversification is an important livelihood strategy of households, especially the poor and rural ones. This research employs data from Vietnam Household Living Standards Survey 2008 to identify factors that affect household income and its impacts on decisions to diversify the income by households in the Mekong Delta. Analyses show that householder's characteristics, such as age and schooling years, have positive effects on the household income. Meanwhile, households that are large and in urban areas enjoy more opportunities to improve and diversify their income than rural and small households. More importantly, diversifying the income through migration is considered as a livelihood strategy for poor households. Finally, income gaps also drive households to diversify their income by seeking jobs outside their home districts.