Rural credit takes a crucial part in developing a backward small-sized agricultural production into a commercial production. Rural credit itself is also influenced by various factors. The present paper employs the Probit and Tobit models to analyze factors hindering households in Ki?n Giang Province from accessing bank loans. The findings show that the more assets households possess, the easier they can secure a bank loan. Apparently, banks merely lend the money to households on the basis of their mortgaged assets but not the effectiveness of their production project. Such findings are one of scientific evidences helping researchers, banks, and decision-makers propose an appropriate policy for the sustainable development of Ki?n Giang Province. It also helps farmers improve their use of bank loans, increase their income and escape poverty, thereby supporting the sustainable development in Ki?n Giang.
The paper estimates technical performance of foreign-invested and local companies by analyzing a dataset for 11,210 companies in transport, warehousing and communication sector established by the GSO in 2010 and SFPF parameters. The results show that the average efficiency score of companies in this industry is 53.46%. These results also challenge the argument that performance of foreign-invested companies is always higher than that of local ones. On the contrary, type of companies is the main factor that affects the performance of foreign-invested companies in Vietnam JEL classification: F23, D24, C23.
In the period 2000-2010, the foreign sector witnessed a quantitative and qualitative rise, becoming a crucial part of Vietnam?s economy. Foreign direct investment (FDI) accounts for around 20% to 30% of the gross investment. In past years, attention has been only paid to the number of FDI projects and their registered capital, instead of their quality. Moreover, together with shortcomings in the infrastructure, inconsistency in investment attraction policy and inefficient promotion and communication policies made Vietnam?s business climate less attractive in the eyes of foreign investors. Therefore, from the marketing approach, the paper is to extend several measures to improve the FDI attraction in Vietnam, making it an ideal business environment for both local and foreign investors.
VCP VI Congress witnessed a change in economic thought that aimed at increasing the production. The Congress provided a guidance for an extensive model of economic growth. In fact, this model produced various positive results, mobilizing all possible resources for production and satisfying demands for food and employment. Prolonged dependence on this model, however, led to many shortcomings: unstable growth rate, waste of natural resources, environmental pollution, poor competitiveness and unstable balances of trade and payments. Seeking for and changing the model of economic growth, therefore, has become a matter of great urgency to Vietnam today
The paper aims at analyzing recent fluctuations in the fuel prices in the world in general and in Vietnam in particular. The author also reviews strengths and weaknesses of derivatives which have been thus far employed to prevent risks to the fuel prices in Vietnam?s market; and then recommends a model of fuel futures market for Vietnam. Hopefully, the construction and operation of such futures market will help predict and prevent fluctuations in the fuel prices, and improve the domestic futures market.
The government?s public investment plays a decisive role in the national infrastructural development and investment attraction. Yet it will be achievable on the condition that the structure of public investment is logical in terms of attraction and allocation of investment sources. As we can see, albeit public investment has greatly contributed to the national economic growth in past years, there are many flaws in its structure which have affected its efficiency. Therefore, the present paper aims to pinpoint drawbacks in the structure of public investment, the mechanism of management and utilization of public debts; and extend some suggestions for perfecting the structure of public investment in Vietnam.
This paper analyzes the fit of the modified Jones model in identifying profit adjustment of 54 companies listed on the Ho Chi Minh City Stock Exchange (HOSE) in the accounting year of 2010. The research results show that the Modified Jones model is not effective in identifying profit adjustment of the enterprises listed on HOSE because of the coefficient measuring the fit of the model (R2 = 3.8%). After analyzing the macroeconomic environment of the HCMC stock market in particular and Vietnam in general, such variables as revenue, depreciation cost and provision cost are selected and added to the model, the R2 coefficient is found to increase to 40.9%. Moreover, all the variables are significant.