Tạp chí Nghiên cứu Tài chính - Marketing

Analysis of the relationship between financial policy-competitiveness capacity - economic growth: A study of economic transformation in Vietnam

2024-03-04T03:02:43+00:00

This study aims to examine the relationship between fiscal policy, provincial competitiveness and Vietnam's economic growth. The study uses the VECM model for time series data including the factors Total tax revenue of the country, Growth of the expanded money supply represents fiscal policy; Provincial competitiveness and Vietnam's economic growth in the period 1990-2021. The study has provided additional empirical evidence on the relationship between financial policy, provincial competitiveness and economic growth in the context of selecting Vietnam. The research results show that financial policies have affected economic growth in localities in the third period with an impact of 3%. In comparison, provincial competitiveness has affected economic growth right in the 1st period with a large impact of 18%. The change of economic growth has an impact in the same direction with provincial-level financial and energy competitiveness policies. From this result, the authors propose implications to limit the lag in the implementation of financial policies.

The impact of climate change on economic growth: A study of ASEAN countries

2024-04-02T07:21:54+00:00

Climate change is an urgent and worldwide concern that presents substantial risks to a range of industries, such as agriculture, water resources, and economic growth. The purpose of this research is to assess how climate change has affected the economic expansion of ASEAN nations. Land pollution, sea level rise, and carbon dioxide (CO2) emissions are utilized to quantify climate change. Empirically investigating this issue, the Fixed Effects Generalized Least Squares (FGLS) method is utilized in conjunction with panel data spanning the years 1990 to 2018. The findings from the FGLS model estimation suggest that climate change exerts a varied influence on the economic growth of ASEAN member states. More precisely, total pesticide use in agriculture has a positive impact on economic development, whereas CO2 emissions have a detrimental effect. Moreover, economic growth is positively impacted by foreign direct investment, trade openness, and institutional stability. To stimulate economic expansion and bolster growth drivers, ASEAN nations must adopt more robust measures to deal with climate change.

Relationship between financial inclusion, inflation and financial stability of countries around the world and lessons for Vietnam

2024-03-18T15:55:29+00:00

The study examines the correlation between financial inclusion, inflation, and financial stability across 58 countries during the period 2004-2022, employing PVAR analysis. Impulse-response function outcomes indicate a negative relationship between financial stability and both financial inclusion and inflation rate, while financial inclusion and inflation rate display a positive correlation. These results suggest that financial inclusion may exacerbate financial instability, potentially leading to prolonged inflation. Additionally, variance decomposition results affirm the interconnectedness of financial inclusion, inflation, and financial stability. Based on these findings, we offer policy suggestions for enhancing financial stability in Vietnam.

Impact of government interventions on the stock market during Covid-19: A case study in Vietnam

2024-03-09T02:35:25+00:00

The study aims to analyze the reaction of the stock market to the events of government intervention during the Covid-19 pandemic. The author used data from 341 companies listed on the Ho Chi Minh City Stock Exchange, which were divided into 10 sector groups in the period 2019–2021. Using the event research method, the author analyzed the change in stock market returns around the event date. The research brought many interesting results. Firstly, policy distancing, blockdown, restricting exposure, and restricting travel have a negative effect on the stock market. Secondly, the three times the state bank has reduced interest rates, it shows a positive reaction in the stock market. The findings help investors, regulators, and governments understand the short-term impact of interventions.

The influence of information systems on student satisfaction: A study of perceived ease of use and perceived usefulness

2024-02-19T14:30:47+00:00

Digital transformation in education has created opportunities for teaching methods to evolve through the application of new technology. The purpose of the study was to identify the factors that influence the satisfaction of university students with online learning. A survey was conducted on 609 students in Ho Chi Minh City, and the collected data was analyzed using the Partial Least Square Regression model. The study found that both system quality and information quality are crucial in determining the perceived ease of use and perceived usefulness of online learning systems. The results also revealed that perceived ease of use and usefulness positively impact students' overall satisfaction with online learning. The study recommends that educational institutions take these factors into account when designing online courses to meet learning objectives and ensure that students are satisfied with their learning experience.

Impacts of anti-dumping duties on firm’s performance: Evidence from listed firms in seafood industry in Vietnam

2024-03-18T14:43:46+00:00

The study aims to examine the impact of the anti-dumping tax imposed by the United States under the simultaneous influence of financial factors on the performance of enterprises in the seafood export industry. The author selected data including 21 companies listed on the Vietnamese stock market in the period 2017 - 2022, and used GMM estimation technique to retest the influence of familiar factors such as lag of the firm’s performance, size, leverage, liquidity ratio, sales growth rate to the firm’s performance (measured by ROA), in addition, the paper also provides additional evidence on the impact of new factors: anti-dumping tax and export sales ratio. Research results show that (1) 6 out of 7 independent variables including , Size, Liq, g, ADr, Exp.re / Tot.re are statistically significant, (2) anti-dumping tax rate and geographic revenue structure are both recorded negative impacts on performance. The results of this study contribute academically by providing a new insight into the relationship between revenue and profit in the case of exporting to countries that apply anti-dumping tax and contribute practically by proposing some implications for foreign trade policy and corporate financial management strategy.

Building nursing homes for high-income individuals/families in Vietnam

2024-04-04T15:56:28+00:00

This study employs a Bayes model to examine the impact of income groups on the Nursing home usage costs across 10 provinces and cities in Vietnam: Ha Noi, Vinh Phuc, Bac Ninh, Hai Phong, Nam Dinh, Da Nang, Ho Chi Minh City, Can Tho, Dong Nai, and Binh Duong. The study utilizes 8 variables: Average population (DSTB), Average income (TNTB), Income group 1 (TN1), Income group 2 (TN2), Income group 3 (IG3), Income group 4 (TN4), Income group 5 (TN5), Cost of using nursing home (CP), with data collected annually from 2012 to 2022. The results indicate that major cities attract larger populations and a higher proportion of elderly individuals, thus attracting more investment in various forms of nursing homes, thereby improving their competitiveness. Among income groups of residents in provinces and cities, income group 5 has the highest income and shows a positive correlation with cost of using nursing home, which aligns well with reality. In recent years, affluent families have shown a preference for high-end nursing homes offering the best care services, albeit at higher costs than standard ones. However, fundamentally, Vietnamese individuals have not prioritized the choice of living in nursing homes during their elderly years. Research results show that it is necessary to focus on the quality of nursing home services because of increasing demand and the aging population trend of Vietnam in the future.

The influence of influencer marketing and country of origin on purchase intention of technology products on e-commerce platforms

2024-03-11T02:01:42+00:00

This study examines factors affecting the intention to purchase technology products on e-commerce platforms of university students in Ho Chi Minh City, Vietnam, including Brand equity, Country of Origin and Influencer Marketing. This study conducted a survey from August 2023 to September 2023 with 342 qualified questionnaires processed and analyzed using SMART-PLS software. The results indicate that country of origin, influence marketing, and brand equity are three important indicators related to consumers' intention to purchase technology products in the context of social commerce. Research has concluded that attitude and influence marketing are two powerful factors that influence purchasing intention today. This research will help businesses better understand customer behavior, thereby improving the effectiveness of future business plans and marketing communication strategies, helps attract more customers, increase sales and profits.

How social media marketing impact the apartment purchase intention of Generation Z in Ho Chi Minh City

2024-03-15T00:41:45+00:00

This study has been designed to determine the impact of social media marketing on Gen Z's apartment purchasing intention. The huge proportion of Gen Z who are going to join the workforce shows that they have a significant contribution to the housing demand in Vietnam, especially in Ho Chi Minh City. A sample of 157 people who were born between the year 1996 to 2012 with an average monthly income of 20 million VND, living in Ho Chi Minh City has been drawn randomly. The personal information of the participants is collected through a demographic information sheet. A questionnaire is used to identify which social media marketing attributes affect the behavior toward apartment purchasing, therefore measuring how social media channels influence Gen Z's apartment purchase decision in Ho Chi Minh City. Research results show that the impact of E-Word-of-Mouth, Online advertisement, and Online community on the apartment purchase intent of Gen Z’s customers.

Factors influencing the intention to buy microinsurance: A case study of low-income customers in Ho Chi Minh City

2024-03-05T08:59:32+00:00

Microinsurance is a form of insurance for low-income people that is being expanded in developing countries, including Vietnam. In addition, microinsurance plays the financial protection and savings role for individuals and families with low income, ensuring social security and sustainable economic development. Therefore, the article aims to determine critical factors influencing low-income customers' intention to buy microinsurance in Ho Chi Minh City. On that basis, the authors propose that the implication of corporate governance contributes to increasing the intent to purchase microinsurance products/services. In the research paper, the authors used a qualitative method by interviewing five managers of five companies related to insurance, finding five factors related to the research topic. Quantitative research was carried out with a sample of 400 customers with low income, using multivariate linear regression analysis, and five factors with a significance level of 5 percent were identified. Finally, the authors have proposed five governance implications in order of priority: Safety, social influence, convenience, ease of use, and benefits. Research applications contribute to orientation for insurance organizations to improve the quality of microinsurance products/services to better serve customers and other low-income people.

A semi-supervised approach for Vietnamese stock news classification with deep learning

2024-03-11T03:12:34+00:00

Stock-related news and articles on Vietnamese economic websites and blogs are rapidly increasing, but they are mixed with entertainment news, miscellaneous topics, and advertisements. This makes it annoy for real investors and analysts who only focus to find and analyze the stock-related information that matters (Boudoukh, 2013). This research introduces a novel method for automatically labeling the relevance of news articles to the stock market, based on a set of criteria derived from financial domain knowledge. In addition, this study also develops a deep learning classifier model that leverages the BERT architecture and the Vietnamese language model (viBERT) (Tran, 2020) to achieve high accuracy and efficiency in scoring the stock market news. This approach helps investors and analysts to filter out the irrelevant content on Vietnamese economic websites and access the most useful information for their mainstream analysis of stock movements.