• Title/Summary/Keyword: Vietnamese Infrastructure

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A Competitiveness Study Using IPA for Vietnamese Infrastructure Market (IPA 기법을 활용한 베트남 토목시장 진출 역량강화 방안)

  • Jang, Hyoun-Seung;Yu, Jung-Ho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.1
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    • pp.355-362
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    • 2013
  • Korean construction companies has maintained stable market share based on high technology and cost competitiveness although international construction market has been stalled due to increasingly global economy uncertainties. In order to promote the continuous growth and development of overseas construction, Korean construction companies need to secure overseas market information, and to be strongly competitive. Therefore, this study aims to analysis of competitiveness for international construction by business types, in order to enter the Vietnamese infrastructure market, which presents abundant development potential. According to the IPA results, Korean construction industry has weaknesses in its ability to obtain business information and experience, which are the most important factors in entering the overseas construction market, and also presents a lack of feasibility study for creating new construction business. However, this work is still considered to provide the basic data that can help Korean construction companies who plan to enter the Vietnamese infrastructure market strengthen their medium and long-term capabilities.

A Study on Foreign Direct Investment Pattern of Korean Enterprises in Vietnam (한국기업의 베트남지역 해외직접투자 패턴에 관한 연구)

  • Kim, Hee-Jun
    • International Commerce and Information Review
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    • v.11 no.3
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    • pp.125-144
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    • 2009
  • The purpose of this study is to research the investment environment of Vietnam and analyze the actual investment state of Korean enterprises in Vietnam and seek for the points at issue. In general, the investment environment in Vietnam shows both a positive side and negative side. However Vietnamese market is a attractive one as ever for direct investment of Korean enterprises considering their constant economy growth, investment increase of foreign company for Vietnam, China risk. And the point at issue in investment of Korean Enterprises is as follows. That is, inclining to manufacturing, preference of independence investment, small-sized investment by small and medium enterprises, preference of greenfield investment, restricted purpose of investment, insufficiency of infrastructure for logistics, electric power, legal system. The results of the study indicate mainly that the investment of Korean enterprise into Vietnam needs a switchover of the third service trade-tertiary industry, collaboration with Vietnamese enterprise through joint venture investment, a large-scale investment for Vietnam domestic market and neighboring countries' market, practical use of M&A with existing Vietnamese enterprise and diverse purpose for investment.

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Determinants Influencing Information Transparency in Vietnamese Commercial Banks

  • NGUYEN, Minh Phuong;NGUYEN, Thi Hong Hai;HOANG, Phuong Dung;TRAN, Manh Dung;PHAM, Quang Trung
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.895-907
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    • 2020
  • Information transparency ensures that market players all have the opportunity to access the same information to come up with their assessment of the banks' financial situation, performance and risks to reach effective investment decisions. This research is conducted to investigate the levels of impact of determinants on information transparency by examining the case studies of Vietnamese commercial banks. This study combines both qualitative and quantitative research methods, based on interviews of 32 specialists in banking, accounting and auditing fields, which were conducted to explore determinants influencing information transparency and to develop measurement scales. Then, a survey of 160 managers of commercial banks, audit firms, and accounting managers of firms who frequently had transactions with banks was carried out to investigate the statistical significance of these determinants. The results show that, out of seven determinants that have significant impacts on the banks' information transparency, commitment from banks' senior management regarding transparency in information disclosure has the highest impact, followed by state governance, auditing, information infrastructure, credit rating agencies, personnel and bank performance. Accordingly, we provide some recommendations for improving information transparency in the Vietnamese banking industry context as a case study and in emerging countries context in general.

The Role of State Budget Expenditure on Economic Growth: Empirical Study in Vietnam

  • NGUYEN, Hieu Huu
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.81-89
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    • 2019
  • Many authors have examined the impact of public spending on economic growth. This study uses ordinary least-squares technique to test the effect of state budget expenditure with two major components: development investment expenditure and recurrent expenditure on Vietnamese economy for the period 2000-2017. The empirical results show that the state budget expenditure of Vietnam has positive effect on the economy, however each main component has different impacts. Recurrent expenditure has significant positive impact on Vietnamese economy while there has no evidence to affirm the relationship between the development investment expenditure and the economic growth. Vietnamese government should restructure the state budget to enhance the positive effect on the economy. In the short run, Vietnam should not increase development investment expenditure due to low efficency in public investment. In the long run, it is necessary to economize recurrent expenditure to reserve a reasonable proportion of state budget for development investment expenditure to build infrastructure for developing the economy. The state budget expenditure should be restructured towards prioritizing recurrent expenditure on human and social relief, reducing public administration expenditure, allocating investment capital from the state budget for key and pervasive projects, avoiding spreading out investments as well as crowding out private investments.

A Study on the Entry Strategies of Small and Medium Sized Landscape Contractors to Vietnam by Risk Analysis in Overseas Projects (해외사업 리스크 분석을 통한 중소 조경건설업체의 베트남 진출전략에 관한 연구)

  • Tae, Jongwook;Jeong, Daeyoung;Hwang, Joon;Chon, Jinhyung
    • Journal of the Korean Institute of Landscape Architecture
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    • v.46 no.6
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    • pp.1-16
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    • 2018
  • The decline in the construction industry has led to a decrease the profitability of small and medium-sized landscape contractors. To relieve this situation, small and medium-sized landscape contractors have continued to proactively find ways to enter global construction markets. However, many small and medium-sized landscape contractors face risks due to their lack of capacity and insufficient preparations to extend the business abroad. Thus, this study aims to analyze the current condition of the Vietnamese construction market and the related risk factors. It then suggests strategies to improve the small and medium-sized landscape contractors' competitiveness in that market. We investigated the business climate and analyzed risk factors. Finally, we developed expansion strategies and conducted in-depth interviews with six overseas construction professionals. The study results first showed that efforts to improve infrastructure and the increased demand for housing in Vietnam will lead to more opportunities for small and medium-sized landscape contractors entering the Vietnamese construction market. However, changes in the Vietnamese business climate may act as a variable. Second, we found that small and medium-sized landscape contractors' risk factors are mainly related to laws and regulations, government finance, market fluctuations, public administration system, minimum wage increases, financing and bonds, contracting, trees and materials, and design errors. Finally, small and medium-sized landscape contractors are required to consider the following when seeking to enter the Vietnamese construction market: short-term strategy and mid-to-long-term strategy. This study will be used as the basis for small and medium-sized landscape contractors to plan to enter the Vietnamese construction market and to contribute to the expansion of the global construction market in the landscape industry.

The Role of Investment Attraction in Vietnamese Industrial Parks and Economic Zones in the Process of International Economic Integration

  • Dzung, Nguyen Tien;Tuan, Nguyen Anh;Tinh, Do Phu Tran
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.3
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    • pp.27-34
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    • 2017
  • This study aims to assess the attraction of foreign direct investment in Vietnamese economic zones (including industrial zones and economic zones). The main research method used are synthesis and comparison analysis based on the data collected from the surveyed group comprising of enterprises operating in the economic zones in the Middle (Chu Lai, Nhon Hoi, Dung Quat) and the Southern (the largest island: Phu Quoc). After conducting surveys, research results show that there is a difference between the assessment and the level to meet the requirements of investors with business environment, expressed through the following criteria: (1) the infrastructure; (2) quality of public services; (3) preferential policies; (4) labor; (5) market; and (6) social services. Based on the assessment of the identified criteria, this paper had suggested six number of recommendations to promote the role of attracting foreign direct investment capital into the economic zones in Vietnam: (1) implementing the "one-stop-shop" policy; (2) continuing to improve the infrastructure of economic zones; (3) prevent and ensure the security of economic zones; (4) implementing vocational training activities to improve quality of human resources; (5) development of supporting industries; (6) raising the quality of capital invested in the economic zone.

Factors Influencing Technology Adoption in Vietnam's Educational System

  • TRAN, Nga;LE, Thanh;NGUYEN, Lan;HOANG, Linh;NGUYEN, Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.347-357
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    • 2020
  • This research aims to shed light on the technology adoption process and its drivers in the Vietnamese educational system. Research data was collected with an online questionnaire from more than 600 teachers in primary schools, secondary schools, high schools, colleges, and universities in Vietnam in 2020. Based on a holistic literature review, we develop a model of two extrinsic factors (global needs and school-infrastructure), and two intrinsic factors (teachers' technological literacy and their beliefs), which are correlated with the teachers' technological adoption. We measure the dependent variable by asking the teachers' ability and their efficacy to implement technology in teaching according to a Likert scale. With the support of SPSS_22 and STATA_2015, we find that over 70% of changes in technology adoption are explained by the changes in four independent variables and three control variables related to age, gender, and teaching-level of the teachers. Furthermore, these independent variables are significantly and positively associated with two dependent variables. However, a significant difference in technology integration ability can be seen among teachers' gender, age, and school-level. Specifically, male teachers seem to adopt technology at schools than female teachers better, and university teachers have the lowest level of technology adoption compared to other school-level teachers.

Optimizing delivery routing problem for logistics companies based on Integer Linear Programming method

  • Cao, Ngoc-Anh;Phan, Thanh-Hang;Chinh, Nguyen Thi;Tran, Duc-Quynh;Nguyen, Ha-Nam;Trang, Ngo-Thi-Thu;Choi, Gyoo-Seok
    • International Journal of Internet, Broadcasting and Communication
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    • v.14 no.4
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    • pp.212-221
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    • 2022
  • Currently, issues related to freight at Vietnamese logistics companies are becoming more and more urgent because of typical problems in Vietnam such as traffic, infrastructure, and application of information technology. This problem has been studied by applying many different approaches such as Integer Programming (LP), Mixed Integer Programming (MIP), hybrid, meta search, … In this paper, we applied the ILP model in order to deal with the VRP problem in a small size logistics company which is very popular in Vietnam. The experiments showed promising results with some optimal solutions with some small extra costs.

Sustainability of Traditional Retail in an Emerging Market: A Conceptual Framework Applied to a Vietnamese Wet Market

  • Tran Thi Tuyet Nhung
    • Asia Marketing Journal
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    • v.24 no.4
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    • pp.143-151
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    • 2023
  • In emerging countries, traditional retail, such as wet markets, still accounts for a large proportion of retail sales. Traditional retail has poor infrastructure compared to modern retail, and is often associated with problems of waste, water, and environmental pollution. Therefore, traditional retail faces extreme difficulties in achieving sustainability. This study aimed to determine what value traditional retail contributes to sustainability. We generated and applied a conceptual framework of sustainability to explore this question. We used a single case study of a small-scale wet market in Vietnam. The results showed that wet markets have significant value for the development of sustainable retail, including economic, environmental, social, and community value. This study extends the literature by providing a comprehensive and accurate view about the value of traditional retail in contributing to sustainability. It suggests strategies for traditional retail in emerging countries to survive sustainably.

Application of Artificial Intelligence in Vietnam's Agriculture Supply Chain

  • Quoc Cuong Nguyen;Hoang Tuan Nguyen;Changduk Jung
    • International Journal of Internet, Broadcasting and Communication
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    • v.16 no.3
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    • pp.379-387
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    • 2024
  • Agriculture has always been the foundation of Vietnam's economy, accounting for a significant portion of GDP. However, like many traditional industries, Vietnamese agriculture faces many challenges, from inefficient supply chains to unpredictable weather developments. In recent years, Vietnam's agricultural sector has been looking for ways to improve productivity and efficiency by applying modern technology. Among these technologies, artificial intelligence (AI) has emerged as a potential solution to address the challenges farmers and other stakeholders face in the agricultural supply chain. AI can analyze large amounts of data, optimize resource allocation, and predict market trends, which can significantly improve decision-making in agriculture. However, despite the promising prospects of AI in agriculture, there are still challenges to the widespread application of AI in Vietnam. These include the need for more awareness, technical expertise, and Infrastructure to support AI implementation. In this study, we analyze the current state of AI applications in Vietnam's agricultural supply chain, identify key challenges, and propose strategies to facilitate the integration of AI technology in agriculture supply chains in Vietnam in the digital age.