1. Difference in the role of public governance for enterprises performance of ownership types in Vietnam

Nguyen Minh Ha, Van Huong Le and Cuong Tran. Applied Economics: 1-14, 2022.

Free full text https://doi.org/10.1080/00036846.2022.2094331

 Abstract: This paper aims to examine the difference in role of public governance on the performance of each business ownership type in Vietnam. Using FGLS regression and Blinder ? Oaxaca decomposition methods, the study finds out gaps of enterprises performance among state-owned enterprises, non-state enterprises and FDI enterprises in Vietnam in the period 2016?2019. The variation is due to business characteristics and distinction between ownership types. Besides, the decomposition results show that public governance is a factor of the enterprises performance?s differentiation in Vietnam, and state-owned enterprises are often more favoured than FDI enterprises and non-state enterprises. Incentives for state-owned enterprises are mainly presented in policies, such as information public and transparency, reducing time-cost, reducing informal charges and local fair competition promotion. Meanwhile, incentives for FDI enterprises are mainly presented in policies, such as land policy, information public and transparency, reducing time-cost, fair competition promotion, business support services, local legal frame and security. Specifically, the study implies that improving public governance in Vietnam in the period 2016?2019 has resulted in positively effect on state-owned enterprises? performance and fairly low effect on those of FDI enterprises and non-state enterprises.

2. Do foreign chief executive officers spend more on corporate social responsibility in Vietnam?

Samuel Adomako and Mai Dong Tran. Corporate Social Responsibility and Environmental Management, n/a(n/a), 2022.

Free full text https://onlinelibrary.wiley.com/doi/abs/10.1002/csr.2350.

 Abstract: Despite the burgeoning studies on corporate social responsibility, little is known about the influence of chief executive officer (CEO) foreignness on a firm's corporate social responsibility (CSR) expenditure. This study investigated the effect of foreign CEOs on CSR expenditure of local firms in Vietnam. In addition, we examined the moderating roles of firm reputation and customer demandingness on foreign CEO-CSR expenditure relationship. Results from data collected from 167 local firms in Vietnam indicate that CEO foreignness positively influences CSR expenditure. The results also revealed that greater levels of firm reputation and demanding customers moderate the effect of CEO foreignness and CSR expenditure. Implications for CSR scholarship and practice are discussed.

3. The impacts of digital transformation on data-based ethical decision-making and environmental performance in Vietnamese manufacturing firms: The moderating role of organizational mindfulness.

Nguyen Phong Nguyen and Tu Thanh Hoai. Cogent Business & Management, 9(1): 2101315, 2022.

Free full text https://doi.org/10.1080/23311975.2022.2101315. có

Abstract: Using the contingency theory of decision-making and a natural-resources-based view (NRBV) of the firm, we developed and tested a moderated mediation model examining (1) the impact of digital transformation on environmental performance (EP) via the mediating mechanism of data-based ethical decision-making (DEDM) and (2) the moderating role of organizational mindfulness in the effect of digital transformation on DEDM. The results of an analysis of 466 Vietnamese manufacturing firms indicate that DEDM mediates the impact of digital transformation on environmental performance. Moreover, the positive relationship between digital transformation and DEDM grows stronger as an organization?s mindfulness level increases. The findings contribute to a more nuanced understanding of how digital transformation and organizational mindfulness play a vital role in environmental management practices.

4. Local financial development and the growth of small firms in Vietnam

Viet T. Tran, Yabibal M. Walle, Helmut Herwartz, et al. Journal of the Asia Pacific Economy: 1-35, 2022. 

Free full text https://doi.org/10.1080/13547860.2022.2109379.

Abstract: This paper examines whether heterogeneities in financial development among Vietnamese provinces matter for firm growth in Vietnam. Using a nationally representative firm survey that covers more than 41,000 firms for the period 2009???2013, we estimate the impact of provincial financial development on the growth rates of firms by accounting for sectoral differences in growth opportunities. We find that province-level financial development promotes the growth rates of sales, investment and sales per worker of small firms, and reduces the growth rate of the wage-to-sales ratio. Our results imply that firms grow faster in provinces with a higher level of financial development. Moreover, the effect of financial development on growth rates is larger when firms operate in sectors with better growth opportunities.

5. Impacts of monetary policy transmission on bank performance and risk in the Vietnamese market: Does the Covid-19 pandemic matter?

Huan Huu Nguyen, Thanh Phuc Nguyen and Anh Nguyen Tram Tran. Cogent Business & Management, 9(1): 2094591, 2022.

Free full text https://doi.org/10.1080/23311975.2022.2094591

Abstract: The impact of monetary policy on bank performance and risk is driven by bank individual characteristics and the COVID-19 pandemic, and the joint effect of bank individual factors and the coronavirus has been under-researched so far. To fill this void, this research applies the dynamic two-step system generalized method of moments (S-GMM) estimator to a sample of representative commercial banks on a quarterly basis for a small open emerging market such as Vietnam. We find that monetary policy expansion stimulates both banks? performance and risk in a COVID-19 pandemic. Interestingly, the effectiveness of monetary policy expansion on banks? operating outcomes is dependent on the interaction between the heterogeneity of the bank?s balance sheet items and the COVID-19 outbreak. More specifically, the performance-decreasing effects of monetary policy loosening are more pronounced in banks with small size, high liquidity, low capitalization, and high credit risk in the shadow of the COVID-19 crisis. Meanwhile, the risk-increasing impacts of monetary policy easing are conspicuous in well liquid, less capitalized, and high credit risk banks in an uncertain time of the COVID-19 crisis. These results are robust to alternative proxies of monetary policy instruments.

6. Sustainability-oriented supply chain finance in Vietnam: insights from multiple case studies

Anh Huu Nguyen, Thinh Gia Hoang, Vu Minh Ngo, et al. Operations Management Research, 2022. 

Free full text https://doi.org/10.1007/s12063-022-00303-6

 Abstract: Research shows that supply chain finance (SCF) is an efficient set of methods for reducing financing costs and improving financing efficiency. This paper studies how newly introduced sustainability-focused SCF programs can promote both sustainable development and supply chain sustainability for firms in Vietnam. Given the scarcity of research on SCF and supply chain sustainability in Vietnam, this study adopts the multiple case methodology based on six supply chain buyers which have introduced sustainability-focused SCF programs in Vietnam. Data were collected from 32 in-depth interviews with supply chain managers and business leaders in six case firms. By comparing empirical findings through cross-case analyses, the number of drivers, barriers, and current propositions regarding sustainability practices of companies that employ sustainability-oriented SCF programs in Vietnam are investigated. Our research delivers valuable practical implications by highlighting key designed concepts of the newly introduced sustainability-oriented SCF programs in Vietnam. It also contributes to supply chain sustainability literature by addressing a number of propositions regarding the engagement in sustainability-oriented SCF programs and the development of supply chain sustainability in Vietnam.

 7. Premature deindustrialization risk in Vietnam

Yuta Tsukada. Journal of Asian Business and Economic Studies, ahead-of-print(ahead-of-print), 2022. 

Free full text https://doi.org/10.1108/JABES-04-2022-0082

 Abstract: Purpose This study aims to examine the premature deindustrialization risk in Vietnam. Design/methodology/approach This study uses a manufacturing–income relationship to conduct an empirical estimation. The latecomer index is adopted in the regression model to identify a downward shift of latecomer's relationship. Findings The empirical analysis indicates that there is a risk of premature deindustrialization in the Northern Midlands and Mountain Areas. The provinces with low trade openness or foreign direct investment may experience risk of premature deindustrialization. Practical implications This study proposes technology diffusion as a policy direction to prevent premature deindustrialization. Furthermore, the Vietnamese government should improve the business environment in the Northern Midlands and Mountain Areas by promoting and attracting export-oriented foreign direct investment. Originality/value This study is the first to examine premature deindustrialization in Vietnam based on provincial-level data.

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