Interest rate is one of crucial tools for central banks to administer its monetary policy, and has thus far been employed in many countries as an effective economic tool. Particularly in the market economy, it has become a useful tool for the central bank to control inflation and stimulate economic growth. Recently, Vietnam's interest rate has been a matter of concern to many researchers and the public. They were wondering how the interest rate, in the context of high inflation rate, could attract deposits and guarantee the payment ability of borrowers, appropriate costs as well as acceptable profit for commercial banks. The Vietnam's State Bank Law 2010 has classified the interest rate as a tool for administering monetary policy and preventing usury. The base rate, as prescribed in the law, is based on market supply and demand and then promulgated by the SBV. Additionally, the Vietnam's State Bank Law 2010 also allows the SBV to manipulate the mechanism for controlling the interest rate applied to transactions between banking institutions and between them and customers in case of unusual fluctuations in the money market. In order to clarify the aforementioned objective of the SBV, the paper will analyze and evaluate its interest rate controlling mechanism as from April 2010 till now, and then recommend some measures to perfect the mechanism
This study investigates local fisherpersons' perception of the marine reserve in Nha Trang Bay and their life satisfaction after this marine reserve is established. Through 81 random interviews with local fisherpersons who have been dwelling in the Nha Trang Bay Marine Reserve, most of interviewees do not hold the belief that the marine reserve would improve their living standards after a decade of establishment even though they are well aware of the fact that the reserve would have positive impacts on the recovery and conservation of natural environment. The cumulative logit model shows that the life satisfaction of younger fisherpersons or households with larger male labor force is higher than that of experienced fisherpersons or households with a small number of male workers.
In rural Vietnam, besides traditional trading patterns like rural marketplaces, there have emerged new ones such as supermarkets and trading centers. Albeit the number of such modern patterns is quite humble, they have helped change the face of rural market. This paper tries to shed light on the demand for such new trading patterns in the rural market and how they have developed thus far, and then proposes some solutions to the development of Vietnam's new trading patterns in Vietnam's rural market.
Vietnam has witnessed a substantial ascent in the export of wooden products to the U.S. market during the past few years. The products are considered as of high quality and have good designs, but they fail to meet the U.S. demands for imports. Particularly, in the coming time, Vietnamese enterprises will encounter many difficulties relating to rules of origin and compliance requirements for wood export because the Lacey Act had come into effect. This is a technical barrier to companies that want to export wood to the U.S. market. Therefore, to make successful wood export to this market, Vietnam needs to analyze influential factors to wood export and effective measures should be taken by both the government and enterprises. This also aims to reduce the country's trade deficit.
This paper aims to analyze the current pollution of water, air and solid waste in the provinces and cities of the Southern Key Economic Zone (SKEZ). Based on its findings, some suitable solutions will be uggested to ensure SKEZ's sustainable economic development in and the harmony between economic growth and development, resulting in a healthy living environment.
Vietnam has become the world's second largest exporter of rice (after Thailand). The rice export volume of 4-5 million tonnes since 2005 earning over US$2 billion a year promises a possibly sustainable development of rice production. In achieving this result, the Mekong Delta plays a decisive role in terms of rice output and export volume. Rice producers, however, still have to face many difficulties – fluctuations in price and income, weather risk, and keen competition when integrating into the world market. Helping farmers increase rice output and their income has become the biggest challenge to researchers and policy makers in Vietnam today. To achieve this aim, there is no alternative but to apply new technologies to rice production. The national agricultural extension machinery has transferred several new technologies (three-decrease and three-increase; or one-must plus five-decrease methods) to help peasants reduce production cost and adapt to climate change. Based on theories of economics and current conditions in Vietnam, we employ Independent Sample T-test and Chi-Square Test to evaluate elements of new technologies that affect economic efficiency and peasants' adaptation to the environment. Our research is based on a direct survey of 309 peasants in the Mekong Delta, comprising 176 who attended training courses in three-decrease and three- increase, or one-must plus five-decrease techniques; and 133 who failed to do so. We identify three factors - decreases in seeds, fertilizer and pesticide – that affect increases in income, selling price, and rate of return; and decrease in production cost.
Climate change has seriously affected agricultural production, livelihood and living standard of farmers. Thaïnh Phuù District is located on the coast of Beán Tre Province, and thus can hardly avoid adverse effects of climate change. Although this situation represents a bad influence on the district's business performance, it is also a good opportunity for local people to ask for assistance from the central government and international organizations. The study shows that most local residents are gaining access to information about climate change through TV and radio channels, and they are informed about the human role in the making of climate change. The study suggests several measures to adapt to climate change, which if tackled well may stabilize and develop the local agricultural production in the future.
The objective of decision to pay dividend as well as other financial decisions is to maximize the firm value. Under normal conditions, this objective may be realized by increases in the firm stock price. The paper aims at clarifying effects of dividend policy on market prices of Vietnamese firms reflected in changes in the stock prices after dividend payment is declared. To determine whether the current dividend policy is suitable or not, the paper also examines connections between dividend policy and internal factors of the firm.