JOURNAL OF FINANCE AND BUSINESS ADMINISTRATION, NUM 31.T09_2023
1. Current situation of information disclosure on environmental responsibilities of manufacturing firms listed on Hanoi stock exchange
Dang Thuy Duong, Le Thu Ha, Pham Thi Thuy
The Ministry of Finance has issued Circular 96/2020/TT-BTC (previously Circular 155/2015/TT-BTC) guiding listed companies to disclose information on environmental responsibility. This study assesses the level of environmental responsibility disclosure of manufacturing companies listed on the Hanoi Stock Exchange under the reference of the GRI 300 Sustainability Reporting Standard. Research results show that the level of environmental responsibility disclosure of manufacturing companies listed on the Hanoi Stock Exchange is still low, but tends to increase slightly, especially in the period 2020-2021. Firms provide both qualitative and quantitative information, both monetary and non-monetary measures, but the information focuses on a few key topics with favourable results.
2. Credit guarantee activities to support small and medium enterprises in Vietnam and policy recommendations
Pham Tien Dat
The implementation of the Credit Guarantee Fund is considered an initiative of Vietnam in supporting businesses, especially small and medium-sized enterprises. The system of legal documents on the fund has been continuously improved, from the Prime Minister's decision level to the Decree and guiding circulars. Many small and medium-sized enterprises have been guaranteed and have access to credit, supporting businesses to overcome difficulties and recover positively. However, there are still some limitations in capital sources, organizational models, and guarantee conditions that make this activity ineffective. It is necessary to have drastic and synchronous solutions from the Government to improve the effectiveness of this activity.
3. Efficient use of financial leverage in steel enterprises listed on the Hanoi stock exchange
Hoang Thi Duyen , Le Thi Thanh
The period from 2019 to 2022 was heavily impacted by the COVID pandemic and economic recession. This significantly affected the operations of listed steel enterprises on the Hanoi Stock Exchange, especially in terms of reducing business efficiency and increasing financial risks. The high utilization of financial leverage, coupled with ineffective operations, led to most small enterprises' economic break-even point (BEP) being lower than the cost of borrowing, thereby considerably reducing their Return on Equity (ROE). This article analyzes the efficient use of financial leverage based on research on the impacts of debt usage to amplify shareholder equity. Additionally, it discusses the payment risks faced by these enterprises, highlighting the limitations in their financial leverage utilization. The article also proposes solutions to enhance the effectiveness of financial leverage usage.
4. Factors affect the learning results of students in the faculty of ussiness administration at the University of Finance and Business Administration
Nguyen Thi Thu Linh , Pham Linh Chi , Nguyen Thi Cam Nhung
The academic results of university students are the achievements of a long-term earning process that always strives and makes efforts. College students with high academic results have more chances of finding a better job after graduation. In addition, students' learning outcomes reflect the University's teaching and learning methods. Each university has a different development, teaching and learning orientation. However, in order to implement those orientations, it is necessary to pay attention to the work of training, teaching and learning. The Faculty of Business Administration is the spearhead faculty in training of the University of Finance - Business Administration, providing many high-quality human resources for the society. The article presents the factors affecting the learning outcomes of students of the Faculty of Business Administration, including factors from students such as: learning motivation; Learning methods; self-study time; overtime problem. The motivations come from the University such as the teaching methods of the lecturers, the facilities of the University. Since then, some solutions are proposed to improve the learning outcomes of students of the Faculty of Business Administration in particular and students of the University in general in the coming time.
5. Impacts of the revised Law on Price activities of valuation services business
Tran Dinh Thang
Valuation service business is an activity governed by the Law on Price, so when the provisions of the Law on Price change, subjects performing the activity of conducting business in valuation services must know and be obligated to comply. The focus of this article is on a number of favorable and unfavorable effects from the new provisions of the revised Law on Price recently approved by the National Assembly to the business of valuation services, then provides a number of recommendations to help subjects operating in the valuation service business overcome these obstacles.
6. Cash flow management in small and medium enterprises in Vietnam
Tran Thi Luong, Do Thi Thoa
Small and medium enterprise occupy a large proportion in the structure of businesses in Viet Nam. Small and medium enterprises have played an important role in terms of Vietnam’s growth. In the article, we have takling about the advantages and disadvantages of small and medium enterprises, the situation flow management of smes, at the same also proposed solutions to raise awareness about the flow management and the competitive efficiency for businesses
7. Management and supervision of capital monitoring of securities company: international experience, current situation and recommendations for Vietnam.
Tran Thi Ha, Pham Tien Dat
Securities company is an important member and makes a great contribution to the stable and sustainable development of the stock market. In Vietnam, the management of securities companies in general, management and supervision of capital mobilization activities in particular has been promulgated through a system of legal regulations, which have been revised and updated by the time. However, these regulations currently have some limitations, leading to a reduction in the ability of these companies to raise capital as well as monitor risks. On the basis of learning the experiences of some countries such as China, Korea, Thailand as well as assessing the current situation in Vietnam, the article makes some recommendations to enhance the effectiveness of management and supervision capital mobilization of securities companies in Vietnam.
8. Sustainable development of green postal in Vietnam
Vu Ngoc Loan
Unsustainable economic development has been causing great damage to the environment, such as air, water, and ocean pollution; land degradation; Deforestation; biological layer decline; increasing greenhouse gas emissions... especially global climate change. In that context, green postage has become an inevitable trend for countries to achieve economic goals, while still maintaining environmental sustainability. Not an exception to that trend, in recent years, Vietnam has had to devise a green postal development strategy. Research to analyze and evaluate the current status of green postal development in Vietnam in the recent period based on an overview of previous studies and the Integrated Index for Postal Development (Integrated Index for Postal Development - 2IPD) of the United Nations agency (Universal Postal Union - UPU) that coordinates postal policies and evaluates the current status of green postal development in Vietnam; From there, propose a number of solutions to overcome shortcomings and limitations in implementation, ensuring the goal of green postal development associated with sustainable development in a comprehensive way.
9. Consumer participation e-commerce in Vietnam: benefits and risks
Nguyen Thi Thuy Linh
E-commerce is now becoming a popular trend in the world in general and in Vietnam in particular. E-commerce in Vietnam in recent years has changed quite strongly, constantly growing, and consumers participating in online shopping are increasing. E-commerce brings many benefits to consumers such as consumers having many choices of products and services, saving time and costs, and flexible shopping time and space. Besides, e-commerce also brings some risks such as product risks, personal information disclosure, and financial risks. From there, the article offers some solutions to limit risks during consumers' participation in e-commerce.
10. Research of factors affecting the employment of groundations of University of Finance - Business Administration
Trinh Thi Hong Thai, Cao Thi Hang
The research article clarifies the theoretical issues about students' employment after graduation. Analysis and evaluation of factors affecting the employability of students after graduating from regular university University of Finance - Business Administration with students from course 1 to course 3. Factors affecting the employability of students are measured and determined through Cronnbch's Alpha reliability test, exploratory factor analysis (EFA) and regression model. The research sample of 251 students who graduated from the 1st to the 3rd course was surveyed on the issue of employability through a questionnaire. The research results show that the Learning Outcome factor has the strongest influence on the dependent factor Employability with a standardized Beta coefficient of 0.771. Next is the soft skill factor that affects the dependent factor with a Beta coefficient of 0.132. “Work attitude” is 0.118, “Professional knowledge” is 0.105, “Foreign language proficiency” is the lowest 0.099 to the employability of graduates of the University of Finance - Business Administration. From there, provide solutions to improve the employability of regular university graduates of the University of Finance - Business Administration.
