Vietnam’s accession to the Asean Economics Community (AEC) and the TPP agreement
- the comparison of some influences on the aquaproduct industry in Vietnam
Mr. Nguyen Minh Duc; Ms. Le Thi Minh Nguyen
Based on the introduction of AEC and TPP, along with their targets, the article compares several influences on Vietnam’s aquaproduct inductry- such as the extent of tax cut and the regulations on labour issues. Moreover, via secondary data collected from the general statistics office of Vietnam and the general Department of Vietnam customs, the article raises the real situation of Vietnam’s aquaproduct industry in the past few years upon the demand of economic integration.
Keywords: AEC, TPP, actions, aquaproduct.
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competitiveness of Vietnam during the integration
Mr. Nguyen Hoang Giang
After the events of devaluation of the Chinese yuan- The State Bank of Vietnam has adjusted the VND by a total of 3% and the exchange rate is also loosening up 2 twice, from 1% to 3% - in order to continue to actively lead the market, catch the adverse impacts of the possibility that the US Federal Reserve intends to raise interest rates in the near future. The central bank also sent messages that the VND will be stable, not only until the rest of the year but in the first months of 2016. Through these events, the following article will help us look back on policies of exchange rate of Vietnam in the past and analyze the impact of the adjustment of the exchange rate on Vietnam’s export, while making statements about different perspectives around the issue in the most objective and positive way.
Keywords: integration, exchange rate, export.
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Vietnam – China trade relations: Current situations, problems and solutions
Mr.Le Dang Minh
China and Vietnam are two neighboring countries which share a 1,281 kilometers border, and a multi-lateral, long-standing and traditional relationship. In particular, trade relationship between the two countries is developing fast and affecting many aspects of the socio-economic development process of both sides. However, within more than a decade, the trade balance between the two countries is always in deficit status towards Vietnam. Orientations and solutions have been raised to improve the trade balance, reduce import surplus from China and initiate prerequisites in order to develop supporting industries, enhance the competitiveness of Vietnam’s products, step-by-step participate in the global value chain and the development a sustainable economy, and set up the foundation to soon turn our country into a modern and industrialized country.
Key words: Trade balance, exports and imports turn-over, Vietnam - China trade, import surplus, ACFTA, BTA…
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Effect of factors on the capital structure: a case study in Vietnam’s cement industry
Ms. Le Thi Minh Nguyen
Observations are taken from 17 cement enterprises listed on the stock market of Vietnam (HOSE and HNX) in 2007-2013 to verify the research hypotheses. Results show that factors such as profitability, business age, the ownership percentage of state shares had negative effects on the capital structure of the cement business. The studies also show that the greater the cement enterprise scale, the higher the long-term debt ratio of total assets, which demonstrates the great ability of large-scale cement enterprises in accessing loans from credit organizations. The study results also emphasize the influence of solvency and the value of fixed assets on capital structure, especially long-term debt ratio of total assets. Particularly, the factor of depreciation tax shield has opposite effects on the debt ratio and the long-term debt ratio of total assets.
Keywords: capital structure, the cement business, the impact factors.
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The impact of microfinance on incomes of poor households in Vietnam
Ms. Mai Thi Hong Dao
The research was about the impact of microfinance on incomes of poor households in Vietnam, using the quantitative research methods, linear regression model, applyins STATA 12 software, with cross - sectionnal Data gathered from the Survey of Living standards in Vietnam 2012 (VHLSS 2012). Results of regression analysis showed that factors affecting the income of poor households include: age, household size, dependency ratio, total asset, microcredit and region. The study also showed that the impact of microfinance on incomes of each poor households were different. From the findings, recommendations on policy support are proposed to further enhance the operations of microfinance, to help poor households gain access to loans to invest in production and business activities, thereby improve earnings.
Keywords: microfinance, poor, Vietnam.
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Determinants of farm households’s income diversification in the Mekong river delta
Ms. Hua Thi Phuong Chi ; Mr. Nguyen Minh Duc
To identify the determinants of farm households’s income diversification in the Mekong River Delta, the study employed the Binary Logistic regression model and with a sample of 2.287 farm households in the Mekong River Delta based on the data of the 2012 Viet Nam Households Living standard survey. The results showed that there were six factors positively influencing farm households’income diversification, including career training, the number of dependents, household size, the average education level, education of household head and participation in non-farm activities.
Keywords: Mekong River Delta, diversification, farm household, income.
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Impacts of working capital management on profit of companies listed
on Ho Chi Minh city's stock exchange
Mr. Vuong Duc Hoang Quan; Ms. Duong Diem Kieu
Working capital management is a very important issue for the operation of any business. Working capital efficiency helps not only improve the firm’s profitability but reduce liquidy risk and fnally increase the value of the business. The research computed and analysed the working capital ratios of the companies listed on the Hochiminh City Stock Exchange (HOSE) during the period from 2010 to 2014 in four different industrial sectors: pharmaceutical, steel, food processing and aqua products. The results were demonstrated by regression model of each sector and showed that the impact of working capital on profits for different industries had different levels. The research also referred to measures aimed at effective management of working capital of enterprises by sector.
Keywords: management, working capital , profits.
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Private equity, labor and infrastructure impact study
on Cuu Long river delta’s economic growth
Mr. Dao Thong Minh; Ms. Le Thi Mai Huong
The research focused on analizing the impacts of private equity, labour and infrastructure on the economic growth of Cuu Long river delta. The study employed multiple regression / multivariable regression that had been composed from previous studies and fitled the local economic characteristics, including variables such as economic growth, perivate equity labour and infrastructure (roads, electricity, telecommunication), with data collected from secondary data source of Statistical yearbook-General statistics office of Vietnam-of 13 provinces of Cuu Long river Delta, labour and job investigation results of Ministry of Labour - Invalids and Social Affairs, EVNSPC, The Department of Road - The Ministry of Transport, Ministry of information and communication in year 2009 – 2013. The estimated results showed that the factors influencing economic growth included private equity labour and infrastructure (electric energy, over land).
Keywords: infrastructure, labor, private equity, impact, economic growth.
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Prospects of lime industry in Vietnam:
A survey on value chain of seedless lime in Long An province
Mr. Ho Cao Viet
In Southern Vietnam, the lime crop was cultivated mainly in the Mekong delta and occupied 60 percent of whole lime area of the country. In which, lime area of Long An province was 5,042 hectares (equivalent 27.3 percent) and supplied about 72 thousand tons yearly (Long An province’s People Committee, 2012). In recent years, lime export value of Vietnam are increasing and reached USD 3 billion USD 0,5 million of which was contributed from lime value chain in Long An (in the year 2014). Futhermore, lime crop is shifted from low-benefit rice areas, changing the cropping pattern to face with climate change, and improving income of farmers in Long An. However, lime chain in the province is dealing with both challenges and opportunities such as: high-quality standard from importers and world market, weak logistics services, high costs of production and low competitive unit price, etc. The survey and group discussion were conducted with the agents (67 farmer households, 4 middlemen and 3 exporters were represented for whole lime chain) who involved in lime value chain in Long An province in the year 2015. The economic efficiency of each agent and whole lime chain was analysed basing on the costs of production. The SWOT analysis of whole chain was carried out in order to propose the strategic soltutions and policy implementation for lime value chain of province.
Keywords: lime productin, lime value chain, Long An.
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The volatility and competitiveness of Vietnam coffee export on world market
Ms. To Thi Kim Hong
The analysis of fluctuation in price of exported agricultural products helps policy makers and producers predict future changes in the price and then suggest some solutions for risk mitigation. This study employed qualitative and quantitative methods to measure effects of some major factors on price of Vietnamese coffee. The findings showed that Vietnamese coffee price fluctuated with the trends of the world price. With observations of price fluctuation of Vietnamese coffee over 34 year, the price seemed to be in cycles of 5 year increase and 7 year decrease. The regression results showed that the Brazillian coffee price seemed to have an important effect on Vietnamese exported coffee price as the latter was estimated to increase by 0.31% with an 1% increase in the former price.
Keywords: Vietnamese coffee.
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Binh Thuan’s Dragon Fruit has been known as a nation brand in recent years
Mr. Mai Luu Huy; Mr. Van Huu Quang Nhat; Ms. Duong Kim Thanh
Based on the research about the factors affecting Brand Equity of Binh Thuan’s Dragon Fruit as a literature review, Government and Local Departments can contribute the strategies in long-term. A total of 299 questionnaires were used and the data were analyzed using Linear Regression. The result indicated that Brand Awareness, Brand Desire, Perceived Quality and Brand Loyalty affected to Brand Equity of Binh Thuan’s Dragon Fruit.
Keywords: Dragon Fruit, nation brand.
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The importance of marketing mix on students choice of private universities
Ms. Hoang Thi Phuong Thao; Mr. Nguyen Dinh Binh
The purpose of this study was to determine the importance of the marketing mix factors on students’choice of private universities. The survey of 326 first-year students of 10 private universities in Ho Chi Minh City was conducted. The results identified 7Ps of marketing mix that play important roles in students’ choice: people, price, physical evidence, program, place, process, and promotion. At the same time, this study explored differences of the importance levels of 7Ps on students’ choice among various groups of universities. The research results gave managerial implications in the field of educational marketing to remind the universities to focus more on marketing mix to attract potential students.
Keywords: marketing mix, educational marketing, private university, students’ choice.
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The importance of marketing mix on students choice of private universities
Nguyen Minh Xuan Huong; Nguyen Minh Duc
The purpose of this study was to determine the importance of the marketing mix factors on students’choice of private universities. The survey of 326 first-year students of 10 private universities in Ho Chi Minh City was conducted. The results identified 7Ps of marketing mix that play important roles in students’ choice: people, price, physical evidence, program, place, process, and promotion. At the same time, this study explored differences of the importance levels of 7Ps on students’ choice among various groups of universities. The research results gave managerial implications in the field of educational marketing to remind the universities to focus more on marketing mix to attract potential students.
Keywords: marketing mix, educational marketing, private university, students’ choice.
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Analyzing the interaction between the markets in the value chain of Vietnam catfish
Mr. Tran Huu Ai
With monthly data from January 2008 to December 2013, this paper employed a time series analysis through co-integration and error correction model to identify linkages between markets in the value chain of catfish industry in Vietnam. The regression results found that effects of the export and the wholesale prices on the catfish farm price were insignificant statistically in short time but significant in long time. The farm price was estimated to increase 0,71% with an 1% increase in the price of previous month, ceteris parabus (c.p.). the farm price would raise by 0,2% and 0,19% respectively with an c.p. 1% increase in previous month price of wholesale and export markets. The research findings can help catfish producers predict the fluctuation trend in catfish farm price farmers based on the price change in wholesale and export markets.
Keywords: catfish, value chain, price, time series, econometrics.