The Determinants of Dynamic Debt Maturity Structure: Evidence from Vietnam

Nguyen,Thanh Nha,Tran,Thi Thuy Linh 한국유통과학회 2019 KODISA ICBE (International Conference on Business Vol.2019 No.-

Based on the signaling, matching, agency and tax-based theories, this paper presents a study where the partial adjustment model was applied to investigate influences of firm and macroeconomic factors on the debt maturity structure. The outcomes were then used in a case study to assess the rate of adjusting the debt maturity structure of 279 non-financial companies listed on the Ho Chi Minh Stock Exchange (HOSE) in the period from 2007 to 2015. Results obtained from the System GMM (SGMM) method showed that (1) firms in Vietnam have the dynamic debt maturity structure with the adjustment rate of 25% to 36%, (2) the debt maturity structure of firms in Vietnam is affected by firm factors including SIZE, VOL, LIQ, TAN, AM and TAX and characteristics of the economy such as inflation and interest rates.

Effects of Job Satisfaction on Organizational Commitment and Turnover Intention Among Vietnamese Employees in Foreign Direct Investment Enterprises

Thi Phuong Diu TRAN(Thi Phuong Diu TRAN ),Thi Van Khanh NGUYEN(Thi Van Khanh NGUYEN ),Thanh Quang DO3(Thanh Quang DO3 ),Cong Nghiep NGUYEN(Cong Nghiep NGUYEN ),Thu Thuy LUONG(Thu Thuy LUONG ) 한국유통과학회 2022 유통과학연구 Vol.20 No.10

Purpose: This article focuses on exploring the associations between job satisfaction, organizational commitment, and turnover intention. Specifically, this study estimates the impacts of Vietnamese employees’ job satisfaction on their organizational commitment and turnover intention in FDI enterprises. Research design, data and methodology: The measures are adapted from previous studies to develop a questionnaire with a seven-point Likert scale. The dataset is directly collected from 227 respondents who are employees at FDI enterprises situated in the North of Vietnam. The dataset is analyzed by quantitative approaches using SPSS 24.0 and AMOS 24.0. Results: The results show that while turnover intention is positively correlated with monthly income, it is negatively correlated with job satisfaction and organizational commitment. Also, organizational commitment is positively associated with job satisfaction among employees at FDI enterprises in Vietnam. Conclusions: The findings of this study will serve as useful references for administrators of FDI enterprises and policymakers to promote employees’ job satisfaction and retain skilled employees.

An Empirical Study of Commodity Market Patterns in Ethnic Minorities and Mountainous Areas: Evidence from Vietnam

Trinh Thi Thanh THUY,Nguyen Thi BINH,Trinh Thi Thu HUONG,Nguyen Thu THUY,Dang Thanh PHUONG,Tran Thi Bao KHANH,Nguyen Thi YEN 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.11

The development of the ethnic minorities and mountainous areas (EMMA) is currently receiving the attention of countries around the world. This is demonstrated through a large number of studies, in many respects, in many different countries. The objective of the study is to find out the current situation of the commodity market in the ethnic minorities and mountainous areas (EMMA) of Vietnam. In particular, the authors will study whether there is a link between the ability to access governmental policies and the characteristics of this commodity market. To achieve the goal, the authors employed the secondary data collection method to gather the relevant information on government policies for EMMA and conducted an interview of seventy (70) enterprises in the Northern midlands and mountainous regions and the Central Coast to clarify the characteristics of commodity market. By Levene’s test, the results showed that the accessibility to governmental policies has a certain influence on the development of the commodity market patterns in the EMMA in terms of diversification of distribution forms and sales method of the business. These findings brought some basic solutions to further enhance the role of the government in developing commodity markets in the EMMA of Vietnam.

Factors Affecting the Development of Vietnamese Construction and Real Estate Companies

Giang Lam PHAN(Giang Lam PHAN ),Thuy Dieu NGUYEN(Thuy Dieu NGUYEN ),Chi Thi NGUYEN(Chi Thi NGUYEN ),Lan NGUYEN(Lan NGUYEN ),Le Thi TRAN(Le Thi TRAN ) 한국유통과학회 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.9

This study aims to investigate the factors that contribute to the sustainable development of 334 Vietnamese construction and real estate companies listed on the Stock Exchange of Vietnam over a 5-year period from 2016 to 2020. By using regression analysis with the support of STATA software through examining the financial statements, which involves looking into crucial ratios including capital structure, profitability, firm size, accounts receivable management, and tangible assets investment, this study sheds light on whether these accounting indicators could help predict the construction and real estate companies growing potential in the future. Nevertheless, these ratios slightly contribute to the explanation of the change in revenue growth ratio, with a result of 1.6%, indicating that the value relevance of accounting information provides a modest and insignificant effect on investment decisions. This is understandable because the Vietnamese construction and real estate market still has many shortcomings in handling unexpected events, as well as the industry’s peculiarities related to major capital sources from bank loans. Based on this study, governmental authorities and business executives should plan appropriate risk management policies and measures to contribute to the sustainable development of construction and real estate companies.

Some characters of bacterial cellulases in goats' rumen elucidated by metagenomic DNA analysis and the role of fibronectin 3 module for endoglucanase function

Nguyen, Khanh Hoang Viet,Dao, Trong Khoa,Nguyen, Hong Duong,Nguyen, Khanh Hai,Nguyen, Thi Quy,Nguyen, Thuy Tien,Nguyen, Thi Mai Phuong,Truong, Nam Hai,Do, Thi Huyen Asian Australasian Association of Animal Productio 2021 Animal Bioscience Vol.34 No.5

Objective: Fibronectin 3 (FN3) and immunoglobulin like modules (Ig) are usually collocated beside modular cellulase catalytic domains. However, very few researches have investigated the role of these modules. In a previous study, we have sequenced and analyzed bacterial metagenomic DNA in Vietnamese goats' rumen and found that cellulase-producing bacteria and cellulase families were dominant. In this study, the properties of modular cellulases and the role of a FN3 in unique endoglucanase belonging to glycosyl hydorlase (GH) family 5 were determined. Methods: Based on Pfam analysis, the cellulases sequences containing FN3, Ig modules were extracted from 297 complete open reading frames (ORFs). The alkaline, thermostability, tertiary structure of deduced enzymes were predicted by AcalPred, TBI software, Phyre2 and Swiss models. Then, whole and truncated forms of a selected gene were expressed in Escherichia coli and purified by His-tag affinity column for assessment of FN3 ability to enhance enzyme activity, solubility and conformation. Results: From 297 complete ORFs coding for cellulases, 148 sequences containing FN3, Ig were identified. Mostly FN3 appeared in 90.9% beta-glucosidases belonging to glycosyl hydrolase family 3 (GH3) and situated downstream of catalytic domains. The Ig was found upstream of 100% endoglucanase GH9. Rarely FN3 was seen to be situated downstream of X domain and upstream of catalytic domain endoglucanase GH5. Whole enzyme (called XFN3GH5 based on modular structure) and truncate forms FN3, XFN3, FN3GH5, GH5 were cloned in pET22b (+) and pET22SUMO to be expressed in single and fusion forms with a small ubiquitin-related modifier partner (S). The FN3, SFN3 increased GH5 solubility in FN3GH5, SFN3GH5. The SFN3 partly served for GH5 conformation in SFN3GH5, increased modules interaction and enzyme-soluble substrate affinity to enhance SXFN3GH5, SFN3GH5 activities in mixtures. Both SFN3 and SXFN3 did not anchor enzyme on filter paper but exfoliate and separate cellulose chains on filter paper for enzyme hydrolysis. Conclusion: Based on these findings, the presence of FN3 module in certain cellulases was confirmed and it assisted for enzyme conformation and activity in both soluble and insoluble substrate.

Effect of the Morphological Characteristic and Composition of Electrospun Polyvinylidene Fluoride/Graphene Oxide Membrane on Its Pb2+ Adsorption Capacity

Thuy Thi Thu Nguyen,Huu The Nguyen,Hai Thi Trinh,Trang Thi Thu Bui,Anh-Tuan Le,Tran Quang Huy 한국고분자학회 2022 Macromolecular Research Vol.30 No.2

In this study, the Pb2+ adsorption capacity of electrospun polyvinylidene fluoride/graphene oxide (PVDF/GO) membranes with different morphological characteristics and compositions were comprehensively compared. Firstly, the chemical characteristics, morphological characteristics and hydrophobicity relating to the adsorption capacity of electrospun PVDF/GO membranes were investigated through Fourier transform infrared spectroscopy, Raman spectroscopy, energy-dispersive X-ray spectroscopy, scanning electron microscopy and water contact angle measurement. Adsorption analysis showed that the adsorption performance of electrospun PVDF/ GO increased as GO contents increased. Variations in the average diameter of electrospun PVDF/GO fibres in the range of several micrometres did not cause a distinguishable change in their adsorption capacity. Electrospun PVDF/GO membranes without a porous structure inhibited a low adsorption capacity although they contained a high composition of GO. The modification of electrospun PVDF/GO membranes by adding PEG increased the distribution of GO on the surface of fibres, resulting in a more hydrophilic fibre surface and a notable increase in Pb2+ adsorption. The adsorption behaviour of Pb2+ onto electrospun PVDF/GO/PEG membranes was found to be dependent on contact time and pH. Reusability analysis indicated that the electrospun PVDF/GO/PEG membrane maintained a Pb2+ removal rate of over 80% after six adsorption-desorption cycles. Therefore, electrospun PVDF/GO/PEG membranes might be a promising adsorption material used in filtration systems for heavy metal removal.

Foreign Direct Investment -Small and Medium Enterprises Linkages and Global Value Chain Participation: Evidence from Vietnam

NGUYEN, Thi Minh Thu,NGUYEN, Thi Tuong Anh,NGUYEN, Thi Thuy Vinh,PHAM, Huong Giang Korea Distribution Science Association 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.3

Using a multinomial logit model with the panel-data set of Vietnam manufacturing firms, this paper investigates the impacts of foreign direct investment (FDI) - small and medium enterprises (SMEs) linkages and other factors on SMEs' participation in the global value chain (GVC). We consider GVC firms are those engaging in any of the three modes including (i) using domestic inputs to export (D2E), (ii) using imported inputs to produce for the domestic market (I2P), (iii) using imported inputs to export (I2E). We discover that FDI-SME linkages statistically encourage Vietnamese SMEs to integrate into the GVC via I2P and I2E, while no statistical association between FDI-SME linkage and D2E participation is found. GVCs participation likelihood is also positively correlated with the introduction of new product introduction. The establishment of firms' production facilities in industrial zones and foreign ownership are both reported to be significantly decisive factors to SMEs' decisions on GVC participation. Besides, there is a strong association between firms' attributes, i.e. employment, capital intensity as well as financial access, and their participation in the GVC. Local governance quality (proxied by the Provincial Competitiveness Index) and the share of skilled labor at the province-level can facilitate firms' integration into GVCs, while greater market concentration may be a hurdle to such potential.

Acute Myocardial Infarction in Patients With Single Coronary Artery: A Case Report

Nguyen Thi Huyen,Nguyen Ngoc Trang,Nguyen Khoi Viet,Le Thi Thuy Lien,Hoang Thi Van Hoa,Phung Bao Ngoc,Vu Dang Luu 아시아심장혈관영상의학회 2022 Cardiovascular Imaging Asia Vol.6 No.2

A single coronary artery (SCA) is a rare congenital anomaly. In most cases, it is an incidental finding on coronary angiography and has no clinical significance. However, it can cause angina, myocardial infarction, or even sudden death. Reports of SCA with acute myocardial infarction are very rare in the medical literature. This case study presents a patient with SCA from the right aortic sinus with severe stenosis in the proximal and distal part of the right coronary artery, which was detected using cardiac angiography and cardiac multidetector computed tomography (MDCT) with acute myocardial infarction.

Documents of The Nguyen Dynasty's Mission to China in 1883: The Origins and Historical Values

Nguyen, Thi Thu Thuy Korea Institute for ASEAN Studies 2021 Suvannabhumi Vol.13 No.1

In 1882, after the French defeated Tonkin for the second time, the Nguyen Dynasty led by King Tự Đức 嗣德 appointed Phạm Thận Duật 范慎遹 and Nguyễn Thuật 阮述 as envoys to the Qing Dynasty to seek the Chinese's help to deal with the French invasion. The trip's information from 1883 such as the schedule, the content, the discussion, and the progress was specifically reflected in the two envoys' diaries, including "Notes of Voyage to Qing Dynasty in The First Year of Jianfu" 建福元年如清日程 (Phạm Thận Duật and Nguyễn Thuật), "Notes of Voyage to Tianjin" 往津日记(Nguyễn Thuật). This article presents the origin of these documents and their historical values in order to provide insights into the study of diplomatic relations between the Nguyen Dynasty and the Qing Dynasty in the late 19th century through the 1883 mission.

A Study on the Poverty of Mountain People Depending on Forests

NGUYEN, Phuong Thi Minh,NGUYEN, Song Van,DO, Duc Tai,NGUYEN, Quynh Thi Thuy,DINH, Thanh Trung,NGUYEN, Hang Phan Thu Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.7

Livelihood capitals have a clear influence on livelihood development. As for the livelihood results, it has been pointed out in the analysis of the poor households that the ability of people to escape poverty depends especially on the access to livelihood capitals. This study aims to analyze the impacts of livelihood capital on poverty among mountain people who depend on forests through human capital, social capital, natural capital, physical capital and financial capital. This research employs the model of binary regression function. Independent variables x1, x2, …, xn are targets of livelihood strategy, vulnerability context, and livelihood capitals. These variables were selected to be included in the original model with dependent variable Y as poor and non-poor households. This study surveys households living in upland areas, near forests, and households of ethnic minorities. The results show that,out of the poor household rate, nearly 4% are newly-poor households or those falling back into poverty. Therefore, the government needs to pay more attention to this disadvantaged group and implements policies such as education and training policies, credit support policies, policies to support forest development, and payment for forest environmental services in the context of emerging countries like Vietnam.