Science & Technology Development Journal: Economics- Law & Management

The Complete provisions on criminal concealment

2024-12-15T04:01:16+07:00

The 2015 Criminal Code, amended and supplemented in 2017, defines the responsibility of "All citizens must actively participate in crime prevention and fighting" In addition to raising awareness of the rule of law, anti-crime activities also require a significant contribution from individuals to contribute significantly. Accordingly, the criminal law also stipulates cases of concealment of crimes in which the subjects who are not criminally responsible if he/she is a grandparent, parent, child, niece/nephew, sibling, or spouse of the offender. Current regulations not only define the special relationship between the concealer and the concealed person, but also limit the type of concealed crime to show humanity and in accordance with our country's moral traditions. However, the legal provisions for this crime are still need to be improved in some cases. Of who conceals the crime shall not bear criminal responsibility. Moreover, there is still no official guidance on the signs of aggravating the penalty framework, so that judicial practice is only sometimes applied. This paper addresses shortcomings in applying Article 389 of the 2015 Criminal Code and makes several recommendations on the issue in question.

Servicescape and customer behavioral intentions – A study in the aviation sector

2024-12-15T15:07:24+07:00

This study aims to identify the servicescape factors that influence behavior intention through passengers' emotions in the aviation sector.. Based on the S-O-R (Stimulus-Organism-Response) theoretical framework and a review of prior research, the authors proposed a suitable research model and tested it through a survey of 300 customers who had experienced services at an airport using convenience sampling. Using Structural Equation Modeling (SEM) techniques, the results indicate that the factors of the servicescape, including spatial, aesthetic, safety, and social aspects, significantly impact the formation of customer emotions, both positive and negative. These emotions contribute to shaping their future behavioral intentions. Thus, the study's findings further affirm the role of the S-O-R theory in explaining the stimulation mechanisms of the service space to shape customer behavior in the context of the aviation industry. Based on these findings, the study proposes several managerial implications, highlighting the need to invest in aspects of the servicescape at airports to gradually enhance customer behavioral intentions.

The power of sensory marketing on tourists' intention to return to spiritual tourism in the Mekong Delta

2024-12-15T15:23:30+07:00

This study examines the impact of sensory marketing on tourists' intention to revisit spiritual tourism destinations in the Mekong Delta, Vietnam. It focuses on analyzing the influences of sensory marketing, destination identity, service quality, and tourist satisfaction towards sustainable spiritual tourism development. Qualitative research methodology suggested theoretical research model and adjusted scale as well as quantitative research methodology utilizing a high-order PLS-SEM model. Based on the convenience sampling methodology having 325 observations over the sampling, the research evaluates the multi-dimensional aspects of sensory marketing, including visual, olfactory, auditory, gustatory, and tactile factors. The study provides insights into the role of sensory marketing as the strongest impact among other impacts of destination identity, service quality, as well as satisfaction all enriching tourists' experiences at spiritual sites and its effect on their revisit intentions. These findings offer a scientific foundation to different interested objectives such as scholars, tourism companies, official managers of those spiritual destination points together with local authorities recommended innovative marketing strategies majorly based on sensory marketing for the tourism industry, particularly spiritual tourism, in the Mekong Delta in order to enriching the experience of tourists and the level of impacts of this factor towards the revisit intention of tourists. Those are also evidence of the recommendation to renew effective marketing strategies for spiritual tourism industry over the area of Mekong Delta, Vietnam.

Predicting stock price trends by machine learning of listed companies on the Ho Chi Minh City Stock Exchange

2024-12-15T15:45:48+07:00

This research explores the potential of machine learning techniques to forecast stock price trends of entities on the Ho Chi Minh City Stock Exchange, focusing on non-banking, insurance, and securities sectors. The study spans seven years, from 2015 to 2022, scrutinizing historical stock data. By implementing advanced machine learning algorithms like Support Vector Classification, Logistic Regression, and Random Forest, the research aims to determine the most effective method for accurate trend prediction. The findings are significant, revealing that the Random Forest algorithm outperforms others, offering a balanced approach in precision and recall rates. This insight is crucial for investors and financial analysts in making informed decisions, especially in the context of a developing and dynamic market like Vietnam. The research underscores the power of machine learning in financial forecasting, highlighting its potential to revolutionize investment strategies. The study's conclusion emphasizes the importance of integrating machine learning tools, particularly Random Forest, in financial analysis and decision-making processes. This research not only offers a practical tool for investors but also contributes significantly to the academic literature on financial market predictions using machine learning methodologies.

The impact of globalization on ecological footprint: A comparative study between india and Vietnam

2024-12-15T16:14:17+07:00

Globalization has significantly impacted the economic relations among countries. Recently, different countries depend on one another to a certain extent. This transformation has affected industrialized and developing countries like India and Vietnam in numerous ways. The study closely examined globalization in terms of the ecological footprint in these two nations by looking at the impact of trade openness and economic development impact on the environment through ecological footprints. The study summarized previous research on the environmental effects of globalization. It employed the STIRPAT model to compare the correlation of decentralized globalization indexes and ecological footprint in both India and Vietnam. To establishglobalization's long-run and short-run impacts on the ecological footprint, this study utilized the ARDL bound testing approach in conjunction with econometric analysis. The results prove evidence that environmental pressure declines in the long run due to a higher level of globalization, stressing the significance of environmentalism and responsible policies. This research provides a background of the effects of globalization on the environment in developing economies and recommends that for the future progress of policy on globalization, there must be a mixture of economic growth and protection of the environment. Consequently, this research affirms that it is imperative to investigate globalization's environmental effects, particularly in developing countries like India and Vietnam. Within this context that this study seeks to unveil how trade openness and economic growth influence ecological footprint to enhance understanding of sustainable development and other policy measures. The subjects about which relevant to this study's findings can be of importance for policymakers, particularly regarding the directions that need to be adopted to attain a reasonable balance between economic development on the one hand and conservation of the environment on the other.

Perceived brand image in customers’ perceptions - A netnography study

2024-12-15T17:01:17+07:00

The existing body of literature on brand image highlights a pressing demand for further investigation into this area, leveraging new and diverse data sources, particularly within the dynamic landscape of the online environment. To respond to the call from previous studies, the present study employs netnography as the research method, and netnographic data to explore brand image aspects of Dookki - an F&B brand, from customers’ perceptions. To be more specific, the method employed in this study utilizes netnographic data to delve deeply into various facets of the brand image associated with Dookki as perceived by its customers. Netnography was chosen as it can help to capture insights from online interactions and discussions and offers a comprehensive lens through which to explore various aspects of brand image in the social media landscape. Specifically, symbolic Netnography with archival netnographic data was apply to conduct the research in 06 online communities with 1,203 comments in 64 posts. The selected online communities are based on 05 criteria of netnographic methodology, consisting of having a research question relevant segment, topic or group; high “traffic” of postings; large numbers of discrete message posters; detailed or descriptively rich data, and many between-member interactions of the type required by the research question. The research findings show that, in customers’ perceptions, there are 05 aspects of Dookki’s brand image with 15 items, including Food quality, Service quality, Price fairness, Marketing activities, and Hygiene. Among 15 items identified in this study, Responsiveness, Taste, Assurance, and Empathy are mentioned in comments and reviews with the highest frequencies. The findings of this study yield valuable contributions to both theoretical frameworks and empirical understanding in the field.

Conditions for e-commerce development through super-apps in Vietnam and policy implications

2024-12-15T17:40:52+07:00

Under current circumstances, super-apps play essential roles in boosting e-commerce development in developing nations. Vietnam is considered one of the potential e-commerce markets but also has many difficulties and challenges. In Vietnam, however, few studies have analyzed and evaluated specific conditions for super-apps applications in e-commerce development. This paper aims to build and propose the evaluation framework of conditions for e-commerce development on super-apps in Vietnam. By using the qualitative analysis method and data compilations, the results showed that there are four groups of conditions: (1) Legal and policy conditions; (2) Economic conditions; (3) Infrastructure and technology conditions; and (4) Socio-cultural conditions. Results showed that, Vietnam has basically developed legal and policy conditions, along with economic conditions, socio-cultural conditions and infrastructure-technology conditions. However, there are still some limitations still need to be solved in the process of e-commerce development through super-apps. From the conditions evaluated, the paper indicated Vietnam’s advantages and disadvantages in the e-commerce development process on super-apps, then gave some policy implications for authorities, organizations, firms, …

The impact of relationship marketing on business performance with the mediating role of loyalty and market position – Industrial market case

2024-12-15T17:59:51+07:00

In industrial markets, partnerships are based on mutual benefits between sellers and buyers. In this market, attracting a customer to become a business partner is difficult, maintaining and developing customer relationships is even more difficult and requires countless efforts from the seller, including the support and cooperation of the buyer. The principles of relationship marketing are built on this foundation. The goal of the research is to confirm the influence of relationship marketing on business performance through the mediating role of loyalty and the enterprise's market position. Accordingly, a structural equation model was formed to test the impact of relationship marketing components (trust, shared value, and bonding) on business performance, while loyalty and market position play a mediating role in this relationship. Empirical research was conducted: respondents are businesses that implement relationship marketing programs with their business partners; the number of valid questionnaires is 385. Survey data were analyzed using SPSS and AMOS statistical software. Research results show: (1) components of relationship marketing (trust, shared values, and bonding) have a positive and direct impact on loyalty and market position; (2) loyalty and market position have a positive and direct impact on business performance. In particular, shared value has the strongest impact on the market position of the business, and trust has the strongest impact on customer loyalty to the business. Next, loyalty has the strongest impact on business performance. Finally, the research has provided useful implications for helping businesses develop relationship marketing activities in the right and effective way to enhance their market position and business performance.

Factors affecting tourists' decision to choose agritourism destination in Lam Dong Province

2024-12-15T18:28:44+07:00

The tourism market is increasingly changing, the needs of tourists are diverse, so the goal of satisfying tourists' needs is increasing, along with taking advantage of tourism advantages and potentials, Lam Dong province has been and is developing new tourism products, agritourism (DLNN). To grasp the opportunity to develop tourism and agritourism, research and analyze more specifically the needs that tourists desire, the factors that motivate tourists, research Analyze factors affecting the decision to choose an agritourism destination in Lam Dong province using exploratory factor analysis (EFA) and linear regression, using survey data from 297 tourists at agricultural tourism sites such as Da Lat, Duc Trong, Lam Ha, Bao Loc, Don Duong, Lac Duong of Lam Dong province, these are areas with advantages in agriculture, especially high-tech agriculture and also are areas with potential for agritourism development. Research results show that infrastructure factors have the most impact on tourists' decisions to choose a foreign tourism destination, followed by tourism advertising and promotion factors, tourism motivation, and finally tourism factors. Factors related to the professionalism of the household head/staff at the tourist destination, the research results will be the basis for proposing recommendations to attract tourists at the tourist destination, contributing to the development of the tourism industry in Lam Dong province.

Factors influencing cost efficiency of commercial banks in Vietnam

2024-12-15T18:39:55+07:00

This paper examines the factors affecting the cost efficiency of commercial banks in Vietnam in the context of Covid-19 pandemic. The Data Envelopment Analysis (DEA) method measures the cost efficiency index. This paper identifies three input factors: non-performing assets, personnel expenses, and customer deposits, alongside three output factors: interest income and its equivalents, non-interest income and its equivalents, and customer loans. This study uses Tobit regression to analyze the impact of these factors on cost efficiency, incorporating variables based on the CAMEL model. This paper aims to identify factors that increase or decrease the cost efficiency of Vietnamese commercial banks and thus have some implications for them in improving their cost efficiency. Using a sample of 26 commercial banks in Vietnam from 2011 to 2022; this paper finds that capital adequacy, management quality, liquidity, and bank size have a positive effect on cost efficiency. Conversely, profitability and the Covid-19 pandemic hurt cost efficiency. However, this paper does not find a significant relationship between asset quality and cost efficiency. The study also highlights differences in cost efficiency across banks, with the highest efficiency observed in 2019, which declined post-pandemic. Banks should focus on enhancing capital adequacy, management practices, and liquidity to improve cost efficiency rather than solely increasing income. Banks can also concentrate on cost control to enhance input cost efficiency. Additionally, external factors like the pandemic, which may adversely affect operational efficiency, should be given attention. Furthermore, the variable measuring asset quality through the loan loss provision ratio shows a negative but statistically insignificant effect, emphasizing the importance of maintaining asset quality for overall efficiency. The study provides valuable insights for policymakers and bank managers to improve the cost efficiency of Vietnamese commercial banks.

The export competitiveness of Vietnam tuna industry in the global market: Evidence from revealed comparative advantage and constant market share of harmonized system code 6-digit products

2024-12-15T19:14:06+07:00

Export competitiveness is essential to a country's global success. In this study, we assess the competitiveness of Vietnam's Tuna industry compared to its major competitors (Ecuador, Indonesia, Taipei – China, and Thailand) in the most significant world tuna-importing regions (ASEAN, Japan, the Middle East, the EU, and US) at four detailed industry codes, namely fresh or chilled tuna (0302:31, 32, 33, 34, 35, 35, 36, 39), frozen tuna (0303:41, 42, 43, 44, 45, 46, 49), filets (0304-87), and preserved tuna (1604:14). The analysis is based on the secondary data from the International Trade Centre database (Trade Map/COMTRADE) and the UNCTAD stat database in period 2007-2019, using the RCA (Revealed Comparative Advantage) and the CMS (Constant Market Share) analysises. The RCA reveals that Vietnam's competitiveness in exporting 0302 tuna declined significantly after 2012, especially in the US and Japanese markets, while competitors like Ecuador and Taipei (China) capitalized on the market. The CMS shows that although the competitiveness effect had different values in each market, it tended to remain the same. For Tuna 0303: The RCA value declined significantly across all markets, especially evident in the Middle East; meanwhile, competitors like Ecuador held a significant advantage in key markets like the EU. Results from CMS show that the demand for Vietnam's tuna 0303 decreased. Besides, for the commodity composition effect, from period I-II, its value increased sharply, but when entering period III, it started to decrease. The market distribution effect fluctuates strongly. For Tuna 0304: The RCA reveals that Vietnam dominated the export of 0304 tuna in all markets, with a consistently high RCA value. The standard world growth effect value increased considerably. Vietnam's market distribution and competitiveness affect positive growth in all markets except the ASEAN. For the prepared or preserved tuna product (1604), its comparative advantage in the US, Japan, EU, and Middle East markets was average and tended to decrease. Only in the ASEAN market did Vietnam have a relatively high comparative advantage. In general, a comparison with crucial competitors shows that Vietnam's level of competitiveness is similar due to the influence of resources, market demand, and technological capacity, but Vietnam holds a competitive edge in tuna exports in key markets. An investment policy is being implemented to assist fishermen, including procuring novel, high-capacity vessels outfitted with fishing equipment and facilities designed to enhance quality preservation. Furthermore, ongoing endeavors are to enhance fish consumption and foster collaborations between the fishing sector and fishermen. In addition, there is a focus on enhancing fisheries logistics services to reduce expenses before exporting to global markets.

Livelihood vulnerability of Vietnam rural household: An analysis using the livelihood vulnerability framework

2024-12-16T03:52:53+07:00

This study aims to investigate the livelihood vulnerability of Vietnam households in rural areas to climate change impacts. By applying the livelihood vulnerability index (LVI-IPCC), a composite index that measures exposure, sensitivity, and adaptive capacity to climate change. This paper calculated the LVI-IPCC index using data from 26,741 household observations from the Vietnam Household Living Standard Survey across 63 provinces in Vietnam. Results showed significant regional disparities in livelihood vulnerability levels. The Mekong Delta, Northern Midlands and Mountainous, and Highland regions had the highest overall vulnerable index scores among Vietnam's major regions, indicating greater vulnerability to climate change impacts on rural livelihoods. At the provincial level, Cao Bang, Thua Thien-Hue, Quang Tri, Kon Tum, Kien Giang, Soc Trang, Son La, Quang Ngai, Lao Cai, and Tra Vinh emerged as the most vulnerable provinces. The study highlights the need for targeted adaptation strategies and policies to enhance the resilience of rural livelihoods, particularly in the most vulnerable regions and provinces identified. Finally, the authors suggest policy implications for adapting to climate change impacts and mitigating the negative effects on the livelihoods of rural households in Vietnam.

Untangling the relationship between influencers’ expertise and consumer purchase intention on live streaming social commerce

2024-12-16T04:19:38+07:00

The rapid growth of the Internet and the advancement of modern technology have led to the development and population of social commerce in the last few years. Many individuals and business firms use social commerce to give live streaming with the purpose of providing products and services to consumers. Some people become influencers on live streaming social commerce because they have a lot of fans who are willing to follow and purchase from these influencers. Given the popularity of the influencers on live streaming social commerce in today’s online environment, this study uses the stimuli-organism-response (SOR) model as the theoretical foundation to investigate the effect of influencers’ expertise on consumer trust and consumer engagement, which affect consumer purchase intention on live streaming social commerce. To test the research model and hypotheses, this study adopts a quantitative survey questionnaire to collect a sample data of 434 consumers from different live streaming rooms of some TikTokers in Vietnam. The sample data was screened by SPSS statistical software. Structural equation modeling with SmartPLS is also used to analyze the sample data and test the research hypotheses. Empirical results indicate that influencers’ expertise is positively related to consumer trust. Similarly, influencers’ expertise is also positively related to consumer engagement. In addition, consumer trust is positively related to consumer engagement. Consumer trust is also positively related to purchase intention. Furthermore, consumer engagement is positively related to purchase intention. This study extends SOR model to clarify how the expertise of influencers influence consumer trust, engagement, and purchase intention. The findings provide evidence for researchers and business practitioners to understand the relationship between influencers’ expertise and consumer behavior in the live streaming social commerce in emerging markets.

Composite index assessing the level of economic development at the provincial level in Vietnam

2024-12-16T04:42:22+07:00

At the provincial and city levels in Vietnam, many individual statistical indicators reflect the socioeconomic situation, making it difficult to capture and synthesize general information. The economic development of a province is often understood as the growth of the Gross Regional Domestic Product (GRDP). Still, it needs to demonstrate the multidimensionality of the concept of economic development. Therefore, building a comprehensive index to measure the level of economic development at the provincial level is very necessary, contributing to supplementing statistical tools to evaluate the economic development of the province in Vietnam. The composite index is formed from 19 indicators of 5 components: Demographic characteristics, labor-employment, resources, competitiveness, and quality of life. Data source is collected mainly from data from the Statistics for the period 2016-2020. Data are standardized by Z-score with weights estimated by the Principal Component Analysis (PCA) and composite index calculated from the weighted average of 5 main components with weight being the explained variance of the components. The results of the composite index show that Ho Chi Minh City and Hanoi are the economic centers of the country with the highest level of development. In contrast, the Northern midlands and mountain areas provinces have the lowest level of development. In addition, the study shows that a clear difference in the level of economic growth between the six regions in Vietnam. Besides, there is statistical evidence of spatial correlation between provinces in Vietnam, so the spatial Durbin model is used to replace the panel data OLS model. Spatial regression analysis shows that the proportion of population, businesses, and HDI have an impact on the level of economic development of the host locality, in addition, the proportion of the population also has a positive effect on the level of development economic development of neighboring localities.

The impact of financial reporting quality and audit quality on investment efficiency: Empirical evidence in Vietnam

2024-12-17T04:08:16+07:00

The economic growth of a country is closely tied to the development of domestic enterprises. To meet development objectives, companies must effectively invest by integrating various sources of capital. Consequently, investment efficiency is a crucial determinant of growth, impacting not only individual enterprises but also the broader economy.. As a result, the factors influencing investment efficiency are given considerable attention, particularly research on the impact of financial reporting information quality, audit quality, and investment efficiency, garnering attention from both managerial circles and academic researchers. However, there remains to be more consensus in research findings on this area. Therefore, this research examines the impact of financial reporting information quality and audit quality on investment efficiency. Quantitative analysis through REM, FEM and PCSE techniques with a sample of 673 non-financial enterprises listed on the Vietnamese stock market from 2015 to 2022. The results of the article show that the quality of financial reporting information and audit quality positively influence investment efficiency. Research implications give stakeholders such as businesses, authorities, and managers an effective mechanism to maximize profits through effective investment decisions.

Credit rating by clustering algorithm in the Vietnam Stock Exchange market

2024-12-17T04:16:22+07:00

This study employs the K-means clustering algorithm to develop a corporate credit rating framework tailored to the Vietnamese market. By analyzing financial data from 568 non-financial firms listed on the Ho Chi Minh City Stock Exchange and the Hanoi Stock Exchange between 2019 and 2023, the research identifies vital financial indicators, including financial health ratios, management efficiency ratios, growth ratios, and dividend payout ratios. The K-means clustering model effectively categorizes these companies into six distinct clusters, each representing different levels of financial performance and credit risk. The clusters range from A+ (very low credit risk) to C (very high credit risk), providing a clear differentiation based on financial stability and operational efficiency. This systematic approach offers valuable insights for investors, managers, and government agencies, enhancing their ability to make informed decisions. Despite some limitations, such as reliance on historical data and sensitivity to initial cluster centroids, the K-means clustering model proves to be a robust starting point for assessing the creditworthiness of companies. This research contributes to the growing body of literature on machine learning applications in credit rating by demonstrating the superiority of clustering algorithms over traditional methods. It highlights how financial health and management efficiency indicators can be integrated into a data-driven framework to enhance credit risk assessment. The results suggest that the K-means clustering approach improves the accuracy of credit ratings and promotes transparency and efficiency in the financial market. Furthermore, the proposed framework can be a foundation for developing more sophisticated models, incorporating additional financial and non-financial variables. Future research could expand on this by integrating real-time data and exploring the impact of external economic factors on credit risk. By leveraging advanced machine learning techniques, this study paves the way for more reliable and comprehensive credit rating systems, ultimately supporting the stability and growth of financial markets in emerging economies like Vietnam.

The moderating role of managerial support in the perception of IFRS and preparedness for IFRS application

2024-12-17T04:27:52+07:00

This study investigates how manager support moderates the relationship between the perception of IFRS and preparedness for IFRS application. A survey of 238 large companies in Southern Vietnam was conducted from November 2021 to March 2022, and partial least squares structural equation modeling (PLS-SEM) was used to analyze the data. The findings of this study indicate that perceptions of benefits and managerial support positively influence preparedness for IFRS application. Conversely, perceptions of challenges and disadvantages are negatively associated with preparedness for IFRS adoption. Furthermore, manager support moderates the negative relationship between perceived challenges and preparedness for IFRS application. However, the study does not find that managerial support moderates the impact of perceptions of disadvantages or benefits on preparedness for IFRS application. This study contributes to applying agency theory in the context of IFRS adoption. The finding provides insights into how the perception of IFRS can affect the agency relationship between managers and shareholders and how managerial support can moderate this relationship. The research findings enhance our comprehensive understanding of how manager support moderates the relationship between IFRS perception and preparedness for IFRS application. This insight holds particular significance for large firms, as they commonly encounter challenges and constraints in this context. Managers can enhance IFRS application by implementing appropriate policies that promote a positive perception of IFRS and increase managerial support. However, a limitation of this study is that it relates to data collected primarily from large firms in Southern Vietnam. Expanding the study to include diverse regions could help explore regional variations. Future research in different countries could assess cross-cultural differences in IFRS preparedness and consider additional variables, such as firm characteristics and industry type, for a more comprehensive understanding.

Bank credit and trade credit: The moderating role of financial constraints

2024-12-17T04:38:17+07:00

Trade credit is an important source of financing, and its proper management is essential to the survival and thriving of firms. Meanwhile, bank credit also plays as a critical funding source, especially in the setting of developing and emerging markets with high level of information opaqueness and low institutional quality. The current research examines the determinants of accounts payable using a sample of 590 firms listed in Vietnam from 2015 to 2022, focusing on the choice between bank credit and trade payables. We utilize panel data estimation methods, including the fixed effects model (FEM) and the random effects model (REM). The study provides evidence supporting the substitution effect between banks’ short-term and long-term loans and trade credit. Therefore, it is evident that many firms, when granted access to bank loans, exhibit a propensity to favor borrowing from banks rather than relying on accounts payable. The study differs from other similar studies by examining both short-term and long-term loans, rather than just short-term bank financing. Furthermore, the analysis of the moderating effect of financial constraints reveals that firms that less financially constrained firms seek more bank credit than trade credit. Again, this emphasizes the priority for bank loans over supplier financing, as well as the role of bank credit in a bank-based financial market such as Vietnam. We also find that cash holdings, annual revenue growth rates and firm size are significantly related to trade credit use. The results are robust throughout several robustness checks and the effort to control for the potential endogeneity issue. Based on the research findings, we offer implications for relevant stakeholders on managing of external financing, including both bank and interfirm financing.

Identify factors affecting the sustainable development of micro and small-sized enterprises - A case study of Vietnam

2024-12-17T04:55:19+07:00

Enterprises play a vital role in every economy, serving as the backbone of economic activities worldwide. In recent years, environmental sustainability has become an increasingly pressing global concern, affecting not just developed nations but also micro and small-sized enterprises in emerging economies. Hence, approaches to the sustainable development of enterprises are the best way to deal with the environmental impacts of natural resource depletion. Many large enterprises joined the World Business Council for Sustainable Development. In addition, micro and small-sized enterprises also pay various degrees of attention to environmental issues and sustainable operations. However, in Vietnam, the owners of micro and small-sized enterprises mainly focus on short-term business performance. This study analyzes the factors affecting the sustainable development of micro and small-sized enterprises in Vietnam based on fundamental theories such as institutional theory, stakeholder theory, and legitimacy theory. Applied quantitative research methods to analyze data collected from 211 managers at micro and small-sized enterprise managers in five centrally-governed cities in Vietnam. The hypotheses and structure equation models were tested using SmartPLS software. The results showed that Environmental, Social, and Governance (ESG) has the highest direct impact on the sustainable development of micro and small-sized enterprises in Vietnam. Meanwhile, economic development has the lowest impact on the sustainable development of micro and small-sized enterprises in Vietnam. As a result, this study indicates that enterprises and governments must understand the importance of ESG practices for sustainable development in today’s economy. It highlights the need for both enterprises and government bodies to recognize and prioritize ESG principles to foster a more sustainable and inclusive economic future. By doing so, they can develop strategies that promote the long-term viability of domestic enterprises.

Relationship between corporate governance, corporate social responsibility, technological capacity and business results of FDI enterprises: A Theoretical Perspective

2024-12-15T03:34:45+07:00

This study examines the factors affecting the improvement of business results based on agency theory and management theory. To conduct this study, the author uses the method of theoretical synthesis from the authors' articles on the same topic. From there, a research model is proposed, including the factors of corporate social responsibility (CSR), technological capacity, corporate governance, and business results of the enterprise. Among the above factors, most other studies have demonstrated that corporate governance and CSR factors have an impact on the business results of the enterprise. However, the impact and the mechanism still need to be clarified. In addition, the trend of technology application is increasing, so the study considers the factor of technological capacity as a mediation variable and exploits the relationship between these factors (direct and indirect) between corporate governance, social responsibility, and business results. By affirming the capabilities that make up the competitiveness of enterprises, the article affirms the direct impact of technological capabilities on the business results of enterprises. In addition, this theoretical framework is a significant contribution to the literature, from which some managerial implications are also proposed as well as other empirical studies can be deployed to test the model.

A proposal of generative AI applications in Digital finance

2024-12-15T16:00:25+07:00

The emergence of Artificial Intelligence (AI) marks a significant milestone in the digital era, where technology is prevailing and deeply influencing every aspect of life. AI is renowned for its ability to perform tasks that were previously exclusive to humans, such as dialogue, content creation, image and sound processing, scenario simulation, and various other applications. ChatGPT is among the outstanding generative AI models, showcasing progress in the natural language interaction aspect of this technology. The remarkable capabilities of ChatGPT have unlocked vast opportunities for the development of numerous fields, particularly in the realm of digital finance. Anticipating this trend, the research focuses on the application of ChatGPT and AI in this domain, proposing a novel approach: advocating for the application of generative intelligence in the digital finance sector. The authors conducted an in-depth exploration of relevant literature to uncover the potentials of ChatGPT and presented suggestions for seamlessly integrating chatbot technology into digital business and financial landscapes. The first is to build an in-depth financial chatbot, trained with specialized data, to help answer more accurately about the market, investment trends, and financial situation. Second, integrate ChatGPT into the investment consulting platform to provide personalized investment methods and portfolio optimization advice. Finally, adopt ChatGPT to perform more in-depth market and trading analyses.

The impact of Corporate social responsibility on Brand equity: A Study in the hotel service industry in Ho Chi Minh City: Theoretical basis and proposed research model

2024-12-16T03:57:51+07:00

Corporate Social Responsibility is an essential factor in business operations, with the state of Corporate Social Responsibility varying globally across countries and industries. Brand equity plays a crucial role in the sustainable development of an organization, reflecting its vision, values, and ethical standards, promoting positive social and environmental activities, and providing sustainable value products and services to customers. Although theoretical and empirical studies have demonstrated a direct relationship between Corporate Social Responsibility and brand equity, the indirect relationship and moderating factors between these two elements remain questionable. This study aims to systematize the theoretical basis and propose a research model to address this issue. Specifically, based on the Triple Bottom Line theory, the study identifies the components of Corporate Social Responsibility; based on the Hierarchical Impact Theory, the article outlines the direct impact of Corporate Social Responsibility on brand equity; based on the Social Exchange Theory, the study proposes two mediating variables Customer Trust and Customer Commitment; and based on the Co-Creation of Value Theory, the research discusses the moderating mechanism of Customer Engagement on the relationship between Corporate Social Responsibility and brand equity.