Organizational change is inevitable for survival and growth in the current dynamic business environment. Under the pressure of external and internal environments such as economic policies, behaviors of competitors, visions of companies, mergers, acquisitions, etc. every organization is forced to change. However, organizational change does not always bring expected results for all organizations. The most common reason for the failure of organizational change is the employees’ resistance to change. This study aims at evaluating factors that affect acceptance, resistance and resignation among employees when organizational change takes place. The results showed that employees’ commitment to and trust in organization have positive effects whereas perception of status loss has negative effects on acceptance of organizational change. On the other hand, commitment and trust of employees with organization have negative effects whereas workplace stress has positive impacts on the resistance to organizational change. Additionally, employees with resistance to changes tend to quit their jobs. Goodness of fit of the general model based on path analysis is 64.6%.
Land expropriation seems inevitable during industrialization and modernization. The expropriation of land affects greatly personal income of local residents. The research employs sustainable livelihoods framework suggested by DFID (2003) to analyze effects of land expropriation on local residents in Giang Điền Industrial Park (Trảng Bom District, Đồng Nai Province). The results identify four following factors that affect personal income: (1) ability to turn compensation into investments; (2) area of land expropriated; (3) education level of householder; and (4) dependence ratio.
Credits from commercial banks influence various economic components, such as investment and consumption of durables and changes in monetary policy and therefore, affect the economy through supply of credits by commercial banks. This paper explores transmission of monetary policy through commercial bank lending channel in Vietnam in 2003-2012 by examining reaction of each bank to changes in monetary policy. Authors use the GMM (generalized method of moments) for panel data gathered from financial statements of commercial banks in 2003-2012. Results show that GMM helps detect the existence of bank lending channel in the transmission mechanism in Vietnam, and bank characteristics relating to equity capital, liquidity assets and risk degrees affect their flexibility when responding to changes in monetary policy in the surveyed period.
This paper investigates the effects of natural disasters in Vietnam over the period 2002-2010. Using disaster data from the desinventa.net and data on other variables for 64 sub-regions from the General Statistic Office of Vietnam, we examine the impacts of natural disasters on household per capita income, residential investment, and domestic trade. The damage measures comprise the number of people killed, number of people injured, number of houses destroyed, and number of houses damaged. The results reveal that the aggregate effects of the disaster damages on household per capita income are insignificant and on residential investment are positive, implying the resilience of the Vietnamese people against natural disasters. We then compare and contrast the costs of disasters among different regions in Vietnam.
This paper aims at examining impacts of oil shocks on Vietnam’s balance of trade and causal relationship between the balance of trade and relevant macro factors. Bound testing approach and ARDL are applied to data from Quarter I of 1999 to Quarter IV of 2011. The results demonstrate a negative relationship between oil price, exchange rate and trade balance in Vietnam. More specifically, a one-percent increase in the oil prices and exchange rate causes the trade balance to fall by 0.12% and 0.79% respectively in the long run. In the short run, however, international exchange rates and oil pricesare positively corrrelatedwith Vietnam’s trade balance. These findings allow some recommendations and suggestions for policy makers in an effort to reduce negative effects of oil shocks on Vietnam’s trade balance.
The paper presents an analytical framework and indicators measuring progress of the knowledge economy according to the knowledge assessment methodology introduced by the World Bank. Estimations of Vietnam’s progress to the knowledge economy show that Vietnam has made great efforts to build the knowledge economy, especially by developing information and communication technologies. However, the gap between Vietnam’s knowledge economy and other economies in Asia as well as the world is still wide, especially in such pillars as institutional regime, education, and development of innovation. Vietnam, therefore, should adopt uniform policies on an overall and profound reform in education and technology and in administrative machinery to accelerate the development of knowledge economy.
The research tries to identify causes of liquidity risk for the system of Vietnamese commercial banks. Data for the research are collected from annual reports in the years 2002-2011 by 27 Vietnamese commercial banks. The liquidity risk examined in the research is financing gap; and independent variables, or factors affecting the liquidity risk, are divided into two groups: internal and external ones. The estimated results of the models show that the liquidity risk among banks depends not only on internal factors, such as total asset size, liquidity reserve, inter-bank loan, and ratio of equity to capital, but also on external ones, or macroeconomic factors, such as growth rate, inflation, and especially effects of policy lags.
Using data collected from 2007-2010, this study identifies price linkages and then forecasts vertical price transmission elasticities between markets (farm, wholesale, retail and export) in the value chain of hard clam (Meratrix lyrata) in Vietnam. After doing necessary tests to make sure that all price data are stationary, Seemingly Unrelated Regression (SUR) and Error Correction Model (ECM) are employed to examine short-time and long-time effects of hard clam price in one market on the other market in its value chain. The seemingly unrelated regression results show that hard clam prices seem not depend on seasons. Farm price of hard clam is transmitted completely to wholesale price while the price in retail market causes negative effect on farm price in the short run. Wholesale price of hard clam is transmitted to both prices in farm and retail markets. The export price of hard clam is estimated not to be affected in the short run by prices in other markets except retail price in domestic markets. Error correction models confirm the independence of hard clam price on annual seasons. The transmission elasticities of prices between the markets are also identified based on model estimation.
The paper analyzes factors affecting decisions on investment in HCMC municipal bonds for infrastructure projects. Results of EFA and regression analysis show that decisions on investment in HCMC municipal bonds depend on five factors with adjusted R2 equaling 72,1%: (1) government’s policies; (2) bonds and issuers; (3) infrastructure projects and socioeconomic conditions; (4) economicfactors; and (5) impacts of relevant markets. This serves as a basis for policy recommendations that aim at enhancing the mobilizing power of municipal bonds for infrastructure project in particular and socioeconomic development in HCMC in general.
The research aims at analyzing factors impacting on performance of Vietnamese commercial banks in the years 2005-2012. The authors test SCP (structure-conduct-performance) and ES (efficient structure) paradigms for factors affecting return ratios of banks. The results show that it is market concentration instead of market share that has positive effects on bank performance as shown in their return on average assets (ROAA) and return on average equity assets (ROAE). Additionally, bank size, ownership, ratio of deposit to total asset and inflation rate also produce effects on performance of commercial banks in Vietnam. These findings allow authors to offer some measures to support a sustainable development for Vietnamese commercial banks.