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        Influence of Credit on the Income of Households Borrowing from Banks: Evidence from Vietnam Bank for Agriculture and Rural Development, Kien Giang Province

        Quang Vang DANG(Quang Vang DANG ),Viet Thanh Truc TRAN(Viet Thanh Truc TRAN ),Hieu PHAM(Hieu PHAM ),Van Nam MAI(Van Nam MAI ),Quoc Duy VUONG(Quoc Duy VUONG ) 한국유통과학회 2023 The Journal of Asian Finance, Economics and Busine Vol.10 No.2

        This paper investigates the determinants of credit accessibility and the effect of credit on the income of farm households borrowing from Vietnam Bank for Agriculture and Rural Development, Giong Rieng District Branch, Kien Giang Province. Based on the primary data of 200 farming households who are the customer of the bank, the study applied the Probit regression model to examine determinant factors of credit accessibility of farm households and employed the Propensity score matching method to investigate the impact of credit on households’ income. The findings of the Probit regression shown that three independent variables that significantly influence the access to credit of households are household size, income source, and farm size. Besides that, the Propensity score matching method results showed a difference of 23.799 million VND/year between the income of borrowing households and that of non-borrowing households at the significance level of 1%. The difference in the imcome from the interval and central matching methods are VND 24.700 million VND/year and VND 24.633 million VND/year, respectively. Given empirical findings suggetsted that several recommendations to increase the credit accessibility of farm households, thereby creating favorable conditions for improving their income.

      • KCI등재

        The Impact of Ownership Structure on Listed Firms’ Performance in Vietnam

        Dut Van VO,Truc Viet Thanh TRAN,Nga Thi Phuong DANG 한국유통과학회 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.11

        The aim of this study is to estimate the impact of ownership structure on the performance of listed firms in transition economy. Buiding upon agency theory, hypotheses on such relationship are proposed. A detailed panel data of 502 non-financial companies listed on Ho Chi Minh Stock Exchange and Hanoi Stock Exchange over the period from 2013 to 2018, and the system generalized method of moment estimation are employed to test the proposed hypotheses. To ensure the reliability of data, this study excludes companies that violate information disclosure regulations or that are subject to special supervision by the State Securities Commission of Vietnam. Some firms with inadequate information, firms that lack the financial data required for creating variable or firms that have inconsistent construction are also re-screened. We only collect the data of enterprises that have ownership structure of two or more components. Estimation results reveal that state ownership has an U-shaped relationship with the performance of Vietnamese listed firms, while foreign ownership and the degree of ownership concentration have an inverted U-shaped relationship with listed firms’ performance. The article provides governance implications that Vietnamese listed firms should decrease state ownership and foreign ownership to improve firm performance in order to boost investors’ confidence.

      • SCOPUS

        Determinants of the Extent of Individual Credit Rationing: A Case Study of Can Tho Military Commercial Joint Stock Bank, Vietnam

        DANG, Quang Vang,TRAN, Viet Thanh Truc,VUONG, Quoc Duy Korea Distribution Science Association 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.7

        The aim of this paper was to analyze the determinants of the extent of individual credit rationing at Can Tho Military Commercial Joint Stock Bank (MB). The data was collected from 150 customers according to the systematic random sampling method listed in the bank. This study employed quantitative analysis methods, and Tobit regression model, to test the proposed hypotheses. The results showed that the average loan amount of an individual customer was 1,181.3 million VND, the average credit limit was 48.6%, and the average interest rate was 10.9% per year. Most of the individual customers borrowed money to buy properties. In addition, the analysis results also indicated that individual borrowers still faced some difficulties in accessing bank credit, such as cumbersome procedures, long waiting times, insufficient collateral assets, and loan documents. The results of the Tobit model pointed out that there were five factors affecting the degree of credit rationing to individual customers at the bank, including (1) Collateral, (2) Income, (3) Credit history, (4) Loan purpose, (5) Relationship between borrower and bank. Based on the empirical findings, the possible solutions for the bank and individual borrowers to improve credit efficiency for individual customers at commercial banks are obtained.

      • KCI등재

        The Impact of Access to Cooperatives on Households’ Income: An Empirical Study in Vietnam

        Quoc Duy VUONG,Viet Thanh Truc TRAN,Quang Vang DANG,Van Nam MAI 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.12

        If one is looking for an organization that will be responsive to community needs, stimulate economic growth, and raise people’s income, cooperatives should be an obvious choice (Calkins & Ngo, 2005; Larocque et al., 2002). This paper investigates whether the households’ income is affected by the access to cooperatives for the case of Phong Dien district, Can Tho city of Vietnam. Data used are directly collected from 250 households that are both participating (120 observations) and not participating in the cooperatives in Truong Long, Tan Thoi, Nhon Ai and Nhon Nghia communes. By using the Probit model, the findings show that there are three statistically significant factors affecting the ability of farm households to participate in the cooperatives at the 1 percent level including land area, distance to market center, and education level. In addition, the PSM model analysis suggests that the average income of cooperative members is significantly higher than that of non-members, about 40.880 million VND/year at the significance level of 1 percent. The empirical results imply that being a cooperative member is a significant contributory factor toward an increase in household income. Based on the research findings, several recommendations to improve the households’ income are proposed.

      • KCI등재

        Determinants of Technical Efficiency of Microenterprises in Vietnam

        Nghiem Tan LE,Hau Long LE,Truc Viet Thanh TRAN 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.6

        The aim of this study is to examine the determinants of technical efficiency (TE) of microenterprises (MEs) operating in the coconut handicraft industry in the Mekong Delta of Vietnam. In the first stage of analysis, output-oriented Data Envelopment Analysis (DEA) method is employed to estimate the technical efficiency of the 120 microenterprises operating in the coconut handicraft industry in the Mekong Delta, specifically in Ben Tre province over the year 2019 by using pre-determined three input and one output variables. The estimation results reveal that on average, variable returns to scale technical efficiency (VRS TE), constant returns to scale technical efficiency (CRS TE) and scale efficiency (SE) are 68.4%, 58.0%, and 87.3%, respectively. Tobit regression is applied in the second stage to examine the influences of the determinant factors on VRS TE. The empirical findings of the study imply that firm size, membership in economic association, application of science and technology, and cost-to-revenue ratio positively affect the technical efficiency of the microenterprises operating in the coconut handicraft industry in the Mekong Delta of Vietnam. Considering the results, several governance recommendations are given for business owners to improve firm technical efficiency in order to enhance the brand name of coconut handicrafts.

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