This paper examines how bank risk varies with change in financial market development through a dataset of 25 commercial banks in Vietnam. Empirical results show that the bank risk is positively associated with the development of Vietnam’s financial market. Based on the research findings, we provide implications for commercial bank management and policy-making efforts.
The main objective of this study is to measure the impact of equitization on firm performance in Vietnam. The dataset, retrieved from the survey on enterprises conducted by the General Statistics Office of Vietnam (GSO),
consists of 301 equitized state-owned firms and 127 unequitized state-owned firms during the period from 2007 to 2010. By using propensity score matching (PSM) combined with difference in differences (DID) approach, we find that equitization has positive impacts on the ratio of income before tax to total assets and the ratio of income before tax to sales. Moreover, this study reveals that debt ratio, total asset turnover, and the number of employees have significantly decreased after equitization. However, no evidence is found regarding the effect of equitization on productivity of equitized firms.
The analysis of this study is based on the inherited results using the panel data of climate shocks and risks faced by farmers in 12 preventative provinces of the seven ecological regions of Vietnam as surveyed by IPSARD (2013) and the data collected from the in-depth studies with 330 farmer households sampled from six selected provinces that represent five sub-ecological areas of Mekong River Delta. The response probability models are employed to determine the impacts of weather risks on incomes of the farmer households as well as the effects of applying several climate change response measures on poverty vulnerability of the farmers. As shown by the analytical results, the poor household group is most impacted by the natural risks, which in turn also affects the level of their poverty vulnerability. To mitigate the negative impacts of extreme weather events, farmers have proactively applied different responsive measures designed to improve their resilience to climate and natural risks, such as changing crop or animal varieties, changing farming patterns, and improving production infrastructures. These measures are found to have contributed significantly and effectively in preventing productivity decline and mitigating income losses and therefore the farmers’ poverty vulnerability.
Corporate restructuring is likely to be approached from various aspects. In this paper and in the context of Vietnam, it is inspected via asset restructuring. Using both financial and non-financial indicators of 226 listed firms on Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) over the 2007–2014 period, this paper investigates: (i) the determinants of corporate restructuring in Vietnam; and (ii) the effects of corporate restructuring on corporate performance. Empirical findings show that: (i) the fact that an enterprise conducts its restructuring plans primarily depends on its performance, and ownership concentration has a negative impact on the process of restructuring; (ii) a board with the presence of outside directors has positive and statistically significant effects on the performance of the firm, and foreign holdings lead to subsequent performance improvement.
This paper employs dynamic panel data to assess the effects of bank-specific factors on nonperforming loans (NPLs) of Vietnam’s commercial banks between 2004 and 2014. Using two-step GMM estimator besides other macro variables, we find that the nonperforming loans are affected by various factors, including management quality and moral hazard along with their negative impacts. The results are consistent with previous theoretical suggestions. Particularly, ownership concentration reveals opposite results to the proposed theories, and no evidence can be found on the hypothesis that diversification of banking activities may reduce the level of nonperforming loans.
Implementation of quality management in accordance with advanced quality management models, especially the Total Quality Management (TQM) approach, is crucial to the outcome quality of organizations, customer satisfaction, organizational competitive advantages, and financial performance in the present integrating environment. This study aims to construct measures to assess the awareness and implementation situation of TQM among the enterprises in Danang city. The results show that despite a high level of quality awareness by the managers, the TQM implementation is still limited among the surveyed businesses.
In the retail environment where fierce competition pressure can be perceived, the role of brand experience becomes increasingly important. This study addresses the theory of brand experience and verifies its relationship with brand loyalty as well as its scales and model in the fashion retail industry. With the data collected from direct personal interviews with 285 consumers aged between 18–35 of such two fashion brands as Ninomax and Blue Exchange in Danang City, the findings suggest positive effects of the constructs of brand experience concerning sense, emotion, cognition, and relation on the two concepts of shopping experience and product experience, both of which, in turn, have positive effects on brand personality, brand trust, brand satisfaction, and brand loyalty. Particularly, brand trust is found to have no effect on brand loyalty.
This article addresses the exchange rate pass-through to domestic prices under the impact of inflation. Using TVAR based approach and the variables of inflation, nominal effective exchange rate (NEER),
output gap, and interbank rate in addition to monthly data applied to the period of 2000M1–2014M12, we find a non-linear relation in the pass-through to inflation along with the two thresholds of its. Being above or below the thresholds results in different levels of the exchange rate pass-through, which is consistent with previous findings, with unclear/clear evidence found below/above the threshold of 0.3395%/month respectively. In the case of positive shocks of the exchange rate, the inflation is suggested to enormously rise and then return to equilibrium. We also attempt to clarify several distinct features of Vietnam affecting the pass-through and draw a few implications.