Science & Technology Development Journal: Economics- Law & Management

Latest Articles

1. Research article

   Factors affecting Vietnam's canned tuna exports to the US and EU markets: An approach by gravity model

   Le X.

   As a country with strengths in seafood exports, tuna is currently the export item with the most significant commercial value among Vietnam's seafood exports, in which canned tuna accounts for nearly half of the total export value of tuna products in general. However, in recent times, the export market and the export value of canned tuna from Vietnam to markets have been unstable for many reasons. In this study, the gravity model is applied to determine the factors affecting Vietnam's canned tuna exports to the two largest markets, the US and the EU, in 2007 - 2022 for a balanced panel dataset of 192 observations of 12 major import partners. The research results show that the exchange rate factor has the most positive impact on Vietnam's canned tuna exports to the US and the EU, followed by domestic tuna production, and the importing country's population also positively impacts exports. On the contrary, high import tax rates in recent times have been the most significant barrier hindering Vietnam's canned tuna exports in recent times, followed by the increase in per capita income of importing countries, which has also limited tuna imports from Vietnam. The research results also show that the signing of free trade agreements between Vietnam and importing countries and the selection of suitable export markets are two factors that have a positive impact on Vietnam's canned tuna exports to the US and EU during the research period, but these factors have not had a noticeable effect. In addition, the research also shows that the EC's yellow card warning for IUU fishing violations harms Vietnam's canned tuna exports to the US and EU markets, but this impact is not large and clear.

   Published: 2024-11-17
2. Research article

   Consumer trust’s impact towards continuance usage intention regarding biometric authentication for digital payment of gen Z and the mediating role of perceived risk — Study in Ho Chi Minh City

   Hoang M., Hoang S.

   This paper aims to evaluate the impact of consumer trust on continuance usage intention regarding biometric authentication for digital payment in Ho Chi Minh City, employing an alternative perspective that positions perceived risk as a mediator. Partial Least Squares Structural Equation Modeling was used to analyze data gathered from 313 undergraduate students in the city through personal contacts through a self-administered questionnaire distributed via Google Forms. The findings reinforce previously published results indicating that consumer trust significantly influences the intention to continue using biometric authentication in digital payments. Notably, consumer trust substantially impacts on perceived risk and encourages continued usage, contrasting with the prevailing findings in extant studies. The rise in trust correlates with a heightened interest in comprehending the associated dangers of biometrics. Gen Z raises a demand for risk disclosure, implicitly highlighting that payment providers must prioritize and implement promptly. This research contributes to the existing literature on e-commerce, particularly in the digital payment context, by proposing an interactional model demonstrating the relationship between consumer trust and continuance usage intention, with perceived risk serving as a mediating factor. This study underscores the importance of policymakers and businesses strengthening consumer trust within the digital payment landscape by developing and promoting stricter security regulations concerning biometrics in online transactions. Accordingly, performance risk, time risk and security risks emerge as critical components of perceived risk in evaluating the intention to continue using biometric authentication in digital payments. Therefore, service providers, technicians, and management must prioritize enhancing system performance to prevent disconnections, latency, or diminished responsiveness. Future research should aim to enlarge the sample size of diverse respondents or incorporate additional factors, such as perceived benefits and customer loyalty, thereby providing a more thorough understanding of biometric authentication in online payments.

   Published: 2024-11-13In press
3. Review

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

   Chau B., Thanh Tú

   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.

   Published: 2024-09-305267-5275
4. Research article

   The Complete provisions on criminal concealment

   Vũ Lê Khánh Toàn Lâm

   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.

   Published: 2024-09-305276-5281
5. Research article

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

   Bạch Án., Lê H.,ền Nguyễn T.,ảo Anh N.ễn

   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.

   Published: 2024-09-305282-5295
6. Research article

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

   Tam P., Đoàn Thị D.ệu

   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.

   Published: 2024-09-305312-5324
7. Review

   A proposal of generative AI applications in Digital finance

   Lê Sử Nguyễn H.,ỳn., Yến N., Nguyễn N.,ọc T.,âm A., Bùi T.,ư Lê T.ư

   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.

   Published: 2024-09-305325-5334
8. Research article

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

   Uyen P., Phat N., Duy T., Nguyen N., Thao L., Quy T.

   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.

   Published: 2024-09-305335-5349
9. Research article

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

   Nguyễn Dươn., V.,ệt A., Hoàng P.ươn. N.ọc Điệp

   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, …

   Published: 2024-09-305362-5371
10. Research article

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

    Ho D., Hoang C.

    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.

    Published: 2024-09-305372-5383