This article analyzes the impact of macroeconomic and bank-specific factors affecting the profitability of Vietnam banks, which is an emerging economy with the banking industry considered to be young but plays a very important role for the development of the economy. The study data was collected during the period of 2013-2018. The Generalized Method of Moment (GMM) is used to estimate the study model to ensure that the results obtained are of high confidence. The study results show that the bank profitability was positively affected by macroeconomic (such as economic growth and inflation) and bank-specific factors (such as bank capital, bank size, and liquidity risk), which is an interesting finding in Vietnam. The results of this study are important for bank managers and researchers.

This study was conducted to investigate the determinants affecting the quality of audit services in Vietnam, from the perspective of auditing clients – the Foreign Direct Investment (FDI) clients. Based on the adjustments of SERVQUAL model, the article has discovered five out of six factors that positively affect audit service quality of historical financial statements at FDI enterprises in Vietnam, namely: tangibles, reliability, responsiveness, assurance and non-audit services. Data used in the study was collected from 250 accountants and directors at FDI enterprises in Vietnam. The Exploratory factor analysis (EFA) and Linear regression model were used to identify the factors that affect the quality of audit services. Findings from empirical research are the basis for recommendations for audit firms to enhance the quality of audit services in Vietnam.

The study is conducted to examine the impact of real effective exchange rate volatility on the trade balance in Vietnam from 2002 to 2019 by using the VAR (vector autoregression) model. The volatility of real effective exchange rate is calculated through the GARCH (1,1) model based on the quarterly data (collected by Bruegel, Europe) of the Vietnamese currency with 143 major trading partners of Vietnam. The research result shows that the current trade balance was negatively affected by the volatility of the past trade balance with the lag from 1 quarter to 4 quarters. Especially, the study finds that the volatility of real effective exchange rate with the lag of 2 reduced the trade balance in Vietnam. This is the particularity of Vietnam – a country pursuing a floating exchange rate policy under the control of the government.

This article focuses on identifying the determinants of financial decisions of the firms. To accomplish this section, the author collects data of 110 manufacturing firms in Vietnam, over the period of 2011-2018. For the analytical methods, the author uses Generalized Method of Moment (GMM) to estimate the study model. This method has the great advantage which is able to control the potential endogenous and overcome the regression hypotheses that are violated. The study results show that financial decisions (FD) are negatively affected by the return on assets (ROA), liquidity (LIQ), and tangibility (TANG). In addition, the financial decisions (FD) are also positively affected by the firm size (SIZE). With these findings, the firm managers will have a solid basis to make financial decisions appropriately.

The article examines the impacts of cash holding ratio on the performance of firms listed in Vietnam for the period of 2008-2018. The author finds that the proportion of cash holding had a positive impact on the firm performance. The study also shows the impacts of financial leverage, the ratio of tangible assets, firm size, and sales growth on the firm performance. In addition, this is the first study in Vietnam to find a positive and statistically significant impact of state ownership on the firm performance. Thus, the firm performance can be achieved by the effective state capital management. The results of this study provide a reliable basis for financial managers to make appropriate cash holding decisions to improve the firm performance.

In Vietnam, public hospitals are increasingly operating in a highly competitively environment and therefore cost management has become an imperative. The purpose of this research is to establish the factors influencing cost system development success among public hospitals in Vietnam. In order to achieve this objective, some primary and secondary data were used. The secondary data include books, journals, periodicals, unpublished research materials and the internet and the primary data include interview and a well-structured questionnaire administered to 260 respondents in the 50 public hospitals sampled from the population. The data collected from the questionnaire were analyzed using relevant econometric tests. The results suggest a relationship between the factors influencing the cost system development in public hospitals in Vietnam.

The objective of this paper is to assess the factors affecting the intention to use derivative financial instruments (DFIs) in Hanoi Stock Exchange, Vietnam. The study was conducted on 356 enterprises listed on the Hanoi Stock Exchange and the results show that Perception, Misuse, Expertise, risk management controls and Benefits had positive impacts on the intention to use the DFIs. In this survey, the risk management controls factor maintains the strongest impact on the intention to use FDIs of the enterprises. Finally, the study conducted multi-group analysis by groups; including Gender, Education and Position held with firms.

This research is conducted to investigate determinants that affect delays in the signing of audit reports in Vietnam. The audit delay is measured as a function of the number of days that elapse from the accounting period until the date when the audit report is signed. This study employs a sample of 142 foreign direct investment (FDI) firms in Vietnam in 2019. We use Linear regression analysis, modelling audit delay as a function of the following explanatory variables: firm size, audit firm type, sign of income, audit opinion, and leverage. The findings indicate that the firms that report net income, that have standard audit opinion, and that have bigger size release their audited financial statements earlier. Variables such as auditor firm and leverage show no significant relationship with audit delay.

This study employs a panel data analysis to identify the factors that significantly affect the capital adequacy ratio (CAR) of Vietnamese commercial banks for the period from 2011 to 2018. During this period, the number of banks had decreased from 41 to 31 due to mergers and acquisitions. The variables that are hypothesized to affect the capital adequacy ratio of commercial banks in Vietnam include bank size (SIZE), deposit (DEP), loan (LOA), loan loss reserves (LLR), liquidity (LIQ), return on assets (ROA), return on capital (ROE), net interest margin (NIM), non-performing loans (NPL) and leverage (LEV). The results indicate that LEV, LLR, ROE had a negative impact, ROA had a positive impact, and SIZE, DEP, LOA, LIQ, NIM, NPL did not significantly influence the CAR of Vietnamese commercial banks.

This paper investigates the effect of investments in subsidiaries, joint ventures and affiliates (affiliate investment) on firm growth. Using both static and dynamic panel data models with a sample dataset of 2,056 firm-year observations on Vietnam’s stock market from 2008-2015, the study finds that increasing affiliate investment in prior periods had a significantly positive impact on asset growth and net income growth (but not sales growth) of the firms in subsequent periods. In addition, the study finds new empirical evidence that private-controlled firms are more efficient than government-controlled firms in terms of affiliate investment. It is also found that profitability, government ownership and foreign ownership are significant dynamics for firm growth. This research sheds light on the role of affiliate investment as a corporate diversification strategy to boost firm growth, including growth rates of multinational corporations. It also provides important implications about the determinants of different dimensions of firm growth in the context of an Asian emerging economy.