VNUHCM Journal of Economics - Law and Management

Climate change and the Vietnamese financial market

Ngo Thai Hung — 2025-10-07

The extreme weather situations are increasing current threats to the environment and human life, suggesting that we need to focus on the transition to a sustainable development model and carbon reduction. This study aims at analyzing the complicated relationship between climate change, represented by the Climate Policy Uncertainty Index (CPU), and the Vietnamese financial market, as reflected through the stock market (VNI, HNI), bond market (BOND), and foreign exchange market (USD/VND) from 2018 to 2024. Using quantile on regression (QQR) and Granger causality tests, the study comprehensively assesses CPU across different quantiles and financial markets in Vietnam. The results show that CPU significantly affects both positively and negatively VNI, HNI, BOND, and USD/VND; this influence covaries across different quantiles. Notably, a strong unidirectional association exists between these variables, where CPU tends to predict the volatility of financial market prices. When climate risks or significant changes in climate policy occur, this causal relationship significantly increases, bringing both risks and opportunities for investors. Therefore, the government should concentrate on implementing climate policies effectively in the process of sustainable economic development in Vietnam.

Mapping visitor experiences at museums: Research trends through bibliometric analysis

Vu Quang Nguyen — 2025-10-08

In the context of rapid cultural tourism development and digital transformation, museums have evolved beyond mere exhibition spaces to become dynamic environments for experience, education, and interaction. Effective experience design not only fosters active visitor engagement but also facilitates deeper connections with exhibited content, thereby enhancing both emotional and cognitive value. However, despite Vietnam’s extensive museum system, many institutions have yet to fully capitalize on experiential elements to attract visitors. Traditional, low-interaction displays with limited technological integration may diminish appeal, particularly among younger audiences. Consequently, investigating experience design solutions in museums is essential to enhancing their value in the digital era. This study employs bibliometric analysis to evaluate the body of research on museum experience design, utilizing data from Scopus and Web of Science (1998-2025). By incorporating the visualization tool VOSviewer, the study identifies key research trends, influential authors and institutions, as well as collaborative networks within the field. The research aims to clarify: (1) the primary research trends; (2) the most influential authors, institutions, and countries; (3) collaborative models among researchers; (4) the evolution of keywords related to the topic; and (5) research gaps and future development directions. In addition to mapping the current academic landscape, the study highlights the growing application of immersive technologies such as virtual and augmented reality in enhancing visitor engagement. Furthermore, it emphasizes the importance of interdisciplinary approaches and international collaboration in fostering innovation and inclusivity in museum experience design. These insights are crucial not only for advancing scholarly understanding but also for supporting museums in delivering meaningful, engaging, and sustainable experiences to diverse audiences in the digital age.

Some international experiences in improving legislation to ensure the right to association in Vietnam

Hoang Thuc Oanh — 2025-10-27

The article analyzes international experience in developing and refining legislation on the right to association, thereby offering policy recommendations for Vietnam. Based on references to international law (especially the ICCPR Convention) and the experience of countries such as France, Germany, and the United States, the author focuses on clarifying two key aspects: (1) the legal nature of associations; (2) the way the State manages associations. Regarding the legal status of associations, many countries view associations as voluntary, non-profit civil associations. The legal status of associations often depends on registration, but is not a mandatory condition for the association to exist and operate. Some countries also apply tax incentives to non-profit associations. In Vietnam, however, current legislation has yet to distinguish purely civil associations from socio-political organizations or associations assigned by the State. This leads to inequality in operations and enjoyment of public funding. Regarding association management, the article argues that the current management model in Vietnam is still heavily controlled and administrative, with many complicated procedures (such as the mandatory establishment of an advocacy committee, multi-level licensing procedures, etc.). Meanwhile, international experience encourages simplified procedures, shifting from “applying for permission” to “notifying”, and delegating authority to local administrative agencies or even courts to ensure independence. Accordingly, the study recommends that Vietnam: (1) clearly separate types of associations; (2) develop separate laws to regulate purely civil associations only; (3) simplify establishment procedures; and (4) remove regulations that deeply interfere with the internal operations of associations. Such reforms would foster a more vibrant association life, while also meeting integration requirements and ensuring human rights according to the Constitution and international law.