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Predicting Financial Distress Distribution of Companies
Giang Huong VU(Giang Huong VU ),Chi Thi Kim NGUYEN(Chi Thi Kim NGUYEN ),Dang Van PHAM(Dang Van PHAM ),Diu Thi Phuong TRAN(Diu Thi Phuong TRAN ),Toan Duc VU(Toan Duc VU ) 한국유통과학회 2022 유통과학연구 Vol.20 No.10
Purpose: Predicting the financial distress distribution of an enterprise is important to warn enterprises about their future. Predicting the possibility of financial distress helps companies have action plans to avoid the possibility of bankruptcy. In this study, the author conducted a forecast of the financial distress distribution of enterprises. Research design, data and methodology: The forecasting method is based on Logit and Discriminant analysis models. The data was collected from companies listed on Vietnam Stock Exchange from 2012 to 2020. In which there are both companies suffer from financial distress and non-financial distress. Results: The forecast analysis results show that the Logistic model has better predictability than the Discriminant analysis model. At the same time, the results also indicate three main factors affecting the financial distress of enterprises at all three research stages: (1) Liquidity, (2) Interest payment, and (3) firm size. In addition, at each stage, the impact of factors on financial distress differs. Conclusions: From the results of this study, the author also made several recommendations to help companies better control company operations to avoid falling into financial distress. Adjustments to current assets, debt, and company expansion considerations are the most important factors for companies.
An Empirial Study on Vietnam’s Trade Faclilitation in the Digital Economy
Thanh Huong Vu(Thanh Huong Vu ),Thi Thuy Hanh Lam(Thi Thuy Hanh Lam ),Ha Phuong Nguyen(Ha Phuong Nguyen ) The International Academy of Global Business and T 2023 The International Academy of Global Business and T Vol.19 No.2
Purpose - Vietnam is among the fastest growing digital economies in the Southeast Asian region, and has made enormous efforts to adopt digital measures to facilitate trade. The paper aims to assess Vietnam’s performance of digital trade facilitation and estimate the impact of digital trade facilitation on Vietnam’s exports to the Association of Southeast Asian Nations (ASEAN). Design/Methodology/Approach - Vietnam’s implementation of digital trade facilitation is assessed through a constructed framework based on two groups of indicators, including Information Availability and Formalities Automation extracted from the OECD Trade Facilitation database. Further, a gravity model was adopted to estimate the impact of digital trade facilitation on Vietnam’s exports. Findings - The results show that Vietnam performs a slightly better than the average level of ASEAN countries. However, Vietnam’s implementation of digital trade facilitation tends to be ỉmproving at a slower rate than other ASEAN countries’ implementations, as well as the country’s overall implementation of other trade facilitation. The paper is among leading studies to quantify the impact of digital trade facilitation on Vietnam’s exports to ASEAN countries, and finds that if Vietnam and ASEAN countries increase trade facilitation through Information Availability measures by 1%, Vietnam’s exports will increase more than proportionately by 1.29% and 1.01%, respectively. Meanwhile, the digitalization of trade formalities so far has had no effect on Vietnam’s exports to this region. Research Implications - Vietnam should place priority on enhancing automation in trade-related administrative procedures, especially in customs procedures. Furthermore, it should pay more attention to promote the electronic publication of trade-related information, enhance the transparency of government policymaking, and increase the quality of enquiry points.
Melvyn WB Zhang,Bach Xuan Tran,Huong Lan Thi Nguyen,Huong Thi Le,Nguyen Hoang Long,Huong Thi Le,Nguyen Duc Hinh,Tran Dinh Tho,Bao Nguyen Le,Vu Thi Minh Thuc,Chau Ngo,Nguyen Huu Tu,Carl A. Latkin,Roger 대한의료정보학회 2017 Healthcare Informatics Research Vol.23 No.2
Objectives: The average alcohol consumption per capita among Vietnamese adults has consistently increased. Although alcoholrelated disorders have been extensively studied, there is a paucity of research shedding light on this issue among Internet users. The study aimed to examine the severity of alcohol-related disorders and other associated factors that might predispose individuals towards alcohol usage in a sample of youths recruited online. Methods: An online cross-sectional study was conducted with 1,080 Vietnamese youths. A standardized questionnaire was used. Respondent-driven sampling was applied to recruit participants. Multivariate logistic and Tobit regressions were utilized to identify the associated factors. Results: About 59.5% of the males and 12.7% of the total youths declared that they were actively using alcohol. From the total sample, a cumulative total of 32.3% of the participants were drinking alcohol, with 21.8% and 25.0% of the participants being classified as drinking hazardously and binge drinkers, respectively. The majority of the participants (60.7%) were in the pre-contemplative stage. Conclusions: A high prevalence of hazardous drinking was recognized among online Vietnamese youths. In addition, we found relationships between alcohol use disorder and other addictive disorders, such as tobacco smoking and water-pipe usage. Our results highlighted that the majority of the individuals are not receptive to the idea of changing their alcohol habits, and this would imply that there ought to be more government effort towards the implementation of effective alcohol control policies.
Huong Nguyen,Trang Thu Nguyen 한국사회복지학회 2017 Asian Social Work and Policy Review Vol.11 No.1
In 2010, the Vietnamese government officially recognized social work as a profession. This study explores whether key stakeholders in the development of social work in Vietnam (i.e. policy-makers, pioneering educators, and practitioners) had reached a shared understanding about the mission and core values of Vietnamese social work by the end of 2015. An exploratory survey was conducted with 65 participants representing key stakeholders of social work in Vietnam. Participants had a shared but rather generic, at times vague, and overly optimistic view of the mission of Vietnamese social work as a “helping profession” that would be able to solve every social problem and present in all areas. There was a strong, unanimous desire for Vietnamese social work to focus on human dignity, social justice, and individuals’ rights, mixed with the preservation of Vietnam’s collective, community-based culture under the central guiding role of the state.
Biodiesel Production From Fat of Tra Catfish and Basa Catfish (Viet Nam) Using Alkaline Catalysts
Huong, Le Thi Thanh,Tan, Phan Minh,Hoa, Tran Thi Viet,Lee, Soo The Korean Society of Applied Science and Technolo 2008 한국응용과학기술학회지 Vol.25 No.3
The fat of Tra and Basa catfish (Mekong Delta, Viet Nam) was evaluated for the first time as the potential feedstock for biodiesel production, due to its abundance, availability and cheap cost. The unsaturated fatty acid contents of Tra and Basa fat were 57.97% and 64.17%, respectively. Biodiesel was prepared from Tra and Basa fat by methanolysis reaction using alkali catalysts like sodium hydroxide and potassium hydroxide. Effects of various process parameters on biodiesel production, such as molar ratio of methanol to fat, catalyst concentration, temperature and time were investigated. As those results, the transesterification can be performed under moderate conditions, and the biodiesel yields were shown more than 90%. KOH catalyst was the best catalyst for biodiesel production from both Basa and Tra fat. As the feedstock aspect, Basa fat was indicated more efficiency than that of Tra fat. The maximum yield could be achieved by the transesterification from Basa fat with 5:1 molar ratio of methanol to fat, 0.8% KOH catalyst, $50^{\circ}C$, and 50 min. For Tra fat, the optimal condition were at 6:1 molar ratio of methanol to fat, 0.8% KOH catalyst, $50^{\circ}C$, and 45 min. Nowadays, due to cheaper cost and abundance, Tra fat is a promised resource for cheap biodiesel production in Viet Nam.
Huong V. H. Tran,Eojin Kim,Sokhee P. Jung 한국공업화학회 2022 Journal of Industrial and Engineering Chemistry Vol.106 No.-
For accurate and reproducible MFC experiments, it is important to know when MFCs produce stable cellperformance. Herein, four replicate single-chamber MFCs were tested for 17 weeks by using polarizationand cyclic voltammetry (CV) tests. The strong MFCs (#2,4,3) showing continuous performance enhancementinitially (3rd–9th week) produced good subsequent performance (9th–17th week). The weak MFC-1experienced a performance drop initially and showed bad subsequent performance. All the MFC performancebecame stable after 9 weeks. The strong MFCs produced power 2.8–3.6 times higher and anoderesistance 7.5–23.9 times lower than the weak. However, their cathode resistances were similar. CVresults showed anodic current production increased continuously in all MFCs, indicating anode biofilmskept growing;, MFC performance did not increase accordingly. Anodic CVs had a typical S-shape curve,but those of MFC-1 showed straight lines from the 9th week. The weak MFC-1 showed smaller CV currentsand thinner CV curves than those of the strong MFCs. In MFC-1, at the 17th week, the anode resistancereduced by 47%, anodic current and cell performance increased. Regression analysis showed anode resistancewas a limiting factor of the weak MFC and cathode resistance was that of the strong MFCs. Thisresult suggests one operating principle: improve anodes in weak MFCs and cathodes in strong MFCs toachieve better MFC performance.
Huong Nguyen 한국사회복지학회 2018 Asian Social Work and Policy Review Vol.12 No.2
With 80% of Vietnamese people holding key Buddhist beliefs, Buddhism has great impact on the thoughts, emotions, and behavior of Vietnamese people. However, almost no Buddhism-based psychosocial interventions are offered at formal psychiatric hospitals across Vietnam, nor is there any plan to incorporate these interventions into mental health care. This exploratory study examines the perceptions of mental health clients and staff regarding the effectiveness of Buddhism-based therapies (BBTs) in mental health treatment in Vietnam, using ethnographic observation and in-depth interviews with 24 patients and eight professionals at the only psychiatric hospital employing BBT. Participants strongly believed in the positive impact of BBT to help clients manage or improve their symptoms. However, clients and staff advised that BBT should not be used alone; rather it should be used in combination with medication and was best employed for stress-related disorders. They unanimously supported incorporating BBT into the formal mental health system, especially if the therapies were well developed through collaboration between Buddhist monastics and mental health professionals. Results of the paper suggest that Vietnam should think strategically about developing and incorporating BBT into the formal mental health care system.