Even though every country nurtures a desire to attain a sustainable economic growth (i.e. a high growth rate, a low inflation rate, and a stable exchange rate), it is not an easy task. Vietnam thus far has pursued the target of high growth rate, while its inflation rate and exchange rate is perplexedly fluctuating and hard to control. One of the main excuses for the high appreciation in commodity price in Vietnam is the rise in the price of crude oil, food, and materials for industries in the world market. The high inflation rate will adversely depreciate the value of domestic currency. The discrepancy between official and unofficial exchange rates to the USD has been closed by the SBV. Albeit such the adjustment in the exchange rate will help stabilize the forex market and facilitate the exportation, Vietnam may also be exposed to a high inflation rate and upheavals in the money market. Thus, in order to ensure macroeconomic stability with controlling inflation as the central task, and secure social welfare as set forth in the Resolution 11/NQ-CP dated Feb. 24, 2011, it is necessary to analyze reasons of inflation and gaps in exchange rate and find appropriate solutions to these problems.
A recent research by Chou (2007) has shown that a variety of discontent at work is the primary excuse for employees' resignation. Thus, it raises a need for enterprises to measure job satisfaction of their staff with a view to avoiding the happening of further unexpected resignations and estabishing a better policy on human resource management. The Job Descriptive Index (JDI), which has been adjusted for the case of Vietnam, will be employed to measure job satisfaction of production workers at Tân Hiệp Phát Co., Ltd. This adjusted scale includes five facets, viz. salary, relationship with boss, job characteristics, working conditions, and fringe benefits, which will be evaluated by means of the Cronbach's Alpha, EFA, and regression analyses. Then, some solutions are to be recommended.
Vietnam, as compared to many other countries in the world, has been nurturing an infant stock market. This study is to estimate risk tolerance of investors in HCMC Stock Exchange (HOSE) and then work out a portfolio optimization model on the basis of risk tolerance known. To do thus, questionnaires, Markowitz portfolio theory, and the capital asset pricing model (CAPM) will be employed in the research.
The human resource plays a key role in the economic development because a high-quality human resource allows an effective exploitation of other resources, and helps create or get access to new technologies and modern managerial methods needed for improvements in labor productivity and income. Realities show that, however, the human resource in Kiên Giang is of poor quality and structure. This paper tries to examine causes of the situation and offer measures to improve the human resource for a sustainable development of Kieân Giang economy in an effort to reduce dependence on natural resource and avoid potential difficulties in future
As financial intermediaries with their own characteristics, healthy corporate governance in banks is important to stability of the financial system. The recent financial crisis, however, has revealed many shortcomings in corporate governance in banks in crisis-orginated countries. Many researches argue that poor corporate governance in banks is one of main causes of the financial crisis. This paper presents a summary of the main causes of the recent financial crisis and tries to draw useful lessons on this task for Vietnamese banks.
SMEs contribute greatly to GDP and job creation in Vietnam. Studies of what factors are important to the development of SMEs in Vietnam are, however, scarce. Particularly, there has been little rigorous research focusing on the roles of human and social capital of the owners. This study reveals that education, knowledge, and social networks of the owners are essential for innovations in management and performance of the SMEs in Vietnam.
Plastic recycling can help improving the environment quality by reducing waste discharge as well as keeping the surrounding clean. This study examines the perception of individual solid-waste generators about plastic recycling and their willingness to pay (WTP) an extra fee in addition to monthly waste collection charges at their current resident places. A survey-based, contingent valuation, approach with an anchored payment card technique was used to interview 487 individuals in Hochiminh city. The findings show that the mean expected WTP is VND43,200 per year from ordered probit model. Marital status, education level, employment and income are significant socioeconomic determinants of consumers' WTP. Other important behavioral factors are concerns towards the current ambient environment quality and the threats to human health caused by plastic wastes and the benefit of plastic wastes recycling.
Liquidity and liquidity risk management are vital for safe operations of any commercial banks. Many of them are now facing liquidity strains and forced to seek alternative financial support due to intense competition for deposits. Unbalanced liquidity is the first sign of financial instability. The development of financial markets has entailed a corresponding rise in chances and risks of liquidity management. This presents the importance of estimating liquidity demand by means of enduring and low-cost approaches in order to sponsor banking operations in the increasingly competitive climate.