Print ISSN: 2204-1990

Online ISSN: 1323-6903

Keywords : policy


Enhancing Corporate Management - A Case of Saigon Hanoi Bank in Vietnam Under Impacts of Macro Indicators

TRAN THI HOANG HA; DINH TRAN NGOC HUY; PHAM TUAN ANH

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 781-789
DOI: 10.47750/cibg.2021.27.02.095

Bank is a special corporation and plays a vital role in economic circulation. In order to achieve sustainable bank management in emerging markets such as Vietnam, this paper measures bank management capabilities in famous model under impacts of both macro internal and external variables during low inflation time 2015-2020 in the country. During covid 19 and US-China commerce war, analyzing these impacts to have a netter management plans are necessary for commercial banks to respond to economic recession and impacts from trade war.
In recent years, research scholars link banking sustainability with CSR and community and environment; however this study takes another macro approach to banking sustainability. This research paper aims to figure out what are recommendations to management better bank performance to respond to fluctuation sin macro conditions under the case of one of big listed Vietnam commercial bank, Saigon Hanoi Bank (SHB) during the low inflation period 2015-2020 with stock price weekly data.
We use an econometric model with Eviews to estimate impacts from 9 macro variables on Beta CAPM. We find out that bank management team need to pay attention to macro contex in which increasing VNIndex and lending rate and Risk free rate. 
Then, one of its major findings is the suggestion of macro and risk management policies for bank and relevant government agencies. Our recommendation can be used for reference in many other developing markets.
JEL classification numbers: M21, M1, G12, G30

Management Strategy for Business Sustainability Under Macro Effects In An Econometric Model – Case of PKN Orlens in Oil and Gas Industry in Poland

TRAN THI HOANG HA; PHAM TUAN ANH

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 967-971
DOI: 10.47750/cibg.2021.27.02.113

The Poland economy has gained lots of achievements esp. in gas and oil industry during the 2014-2019 period and affected by Covid 19 and US-China trade war. Orlens group is a big gas and oil group operating in Central Europe countries such as Germany, Poland, Czech and Lithuania. This paper measures the revenue and EBITDA of a big gas and oil company, PKN Orlens in Poland, under impacts of macro indicators. As we experienced role of business management and sustainable development in gas and oil industry has been increasing with new perspectives in management, corporate governance models.In order to recommend for sustainable business development, this research paper aims to figure out how much effects in revenue from macro indicators of one of big listed Poland firms, PKN Orlens during the period 2014-2019 with semiannual data. Our findings show that revenue are affected much more by exchange rate and lending rate. It implies bank system policies and macro policies.

Financial Risk Management Via Evaluating Impacts of a Six Factor Model on LAF Stock Price – A Case in Export Processing Industry in Vietnam

PHAM TIEN MANH; TRAN THI THU HUONG

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 1944-1949
DOI: 10.47750/cibg.2021.27.02.204

Better management of listed firms will help them to attract more FDI investment capitals. There are many factors affecting business management including financial risk management.
This papers mainly uses quantitative analysis with OLS model, and qualitative analysis including synthesis, inductive and analytical methods.
OLS regression give us results that, in a 6 factors model, LAF stock price decrease are much affected by increase in CPI and lending rate with a significant effect, then increasing the exchange rate.
From that, we can have policy and management implications.
The limitation of research is that we can expand model for other industries and markets.

Weighted Beta CAPM Based On Bank Market Value And Meanings of Financial Data Transparency- Case of 7 Big Listed Commercial Banks In Vietnam

DINH TRAN NGOC HUY; VU THI KIM ANH, PHD; NGUYEN NGOC THACH, PHD; LE DINH HAC, PHD; TRAN TUAN ANH, PHD5; HOANG THANH HANH, PHD

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 160-170
DOI: 10.47750/cibg.2021.27.02.021

Estimating Beta CAPM is a basis for evaluating market risk in the banking sector in Vietnam economy, esp. During pre-low (L) inflation time 2011-2015 and post-L inflation period 2015-2020. The more the economy growing, the more important the role of risk management in commercial bank. Also, the more transparent of financial data, the better the capital flows in the banking and financial market.
This research paper aims to figure out in 7 big listed banks in Vietnam including Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB), Sacombank (STB), Navibank (NVB) now become National Citizen Bank, Eximbank (EIB) and Saigon Hanoi Bank (SHB), how much and what is the Weighted Beta CAPM formula based on firm or bank market value during the period 2011-2020 with semiannual data.
The result will be a measurement which help us to calculate macro effects on market risk in banking industry. Research findings show us that during post-low inflation time, weighted beta CAPM tends to increase higher, so bank system need to prepare to manage risk better.
Last but not least, Our recommendation can be used for reference in many other developing markets.
JEL classification numbers: M21, M1, G12, G30

Managing Better Net Working Capital With Data Assumption from Financial Statements in Manufacturing And Energy Companies- case in Emerging Markets Including Vietnam

HOANG THANH HANH

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 731-735
DOI: 10.47750/cibg.2021.27.02.090

In emerging markets in Asia including Vietnam, environment protection has been becoming meaningful in the context of global warming. There area huge number of used tires in region every year; so, pyrolysis firms have updated new technology to solve this environmental issue.
That’s why it is important for us to consider solutions for better management of net working capital (including inventory for waste tires, for output products such as fuel oil, carbon black, steel). with all data collected from financial statements of energy firms. From financial reports on current business operation, we can  make assumptions for input data of working capital.
Hence, This paper will use statistic methods, together with practical experience in an energy firm case in one of developing countries in Asia, Vietnam.
Finally, we think it is important to suggest some plans for better management of net working capital in this renewable energy  business sector. This is a vital part of financial management mission in the business and in functions  of CFOs and financial accounting team.
JEL classification numbers: G00, G390

Better Bank Management for Sustainability - Empirical Risk Evidence from Vietnam

PHAM VAN TUAN, PHD; DINH TRAN NGOC HUY, MBA; VU THI KIM ANH,PHD; LE MANH HUNG,PHD

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 66-71
DOI: 10.47750/cibg.2021.27.02.009

Vietnam has reached a low inflation rate of 06% in year 2015, so it is good to see what happen in bank management during the post- low (L) inflation time 2015-2020, in order to propose plans to maintain banking business management sustainability.
Within volatility of multi macro factors, this paper will estimate bank risks with Beta CAPM measurement in the nation in the above selected period.
Next step, we aims to measure and evaluate how much macro factors effects in the market risk of 7 big listed banks with semiannual data. We use synthesis statistics methods, and dialectical materialism method, combined with econometric model with 9 macro variables, and figure out that lending rate and risk free rate have inverse effects on market risk. It implies that increase in lending rate will cause market risk declines whereas increase in Rf will cause beta increases. 
Then, we will suggest recommendations for improving bank management capabilities for sustainable bank management and governance. We recognize that modern advanced bank management solutions are needed for incoming periods.
JEL classification numbers: M21, G12, G30, E58, E62

Improving Bank management Under Macro economic Context - Case of ACB Bank in Vietnam

NGUYEN THANH VU; DINH TRAN NGOC HUY; VO KIM NHAN; NGUYEN VIET DUNG; BUI QUANG TAM; PHAN MINH DUC; NGUYEN VAN DAT; NGUYEN THANH HUNG

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 243-250
DOI: 10.47750/cibg.2021.27.02.030

Vietnam experienced the year 2015 with low CPI as of 0.6%.  It is the time to suggest solutions to improve bank management and leadership in the country in a changing macro economic context. This paper evaluate bank risks in famous risk model under impacts of both macro internal and external variables during 2 special periods: pre-Low (L) inflation time 2011-2015and post-L time 2015-2020 in the country. Therefore, in our paper, we aims to measure and evaluate how much effects in the market risk of one of big listed Vietnam commercial bank, Asia Commercial Bank (ACB) during the 2 special periods with semiannual data. We use synthesis statistics methods, and dialectical materialism method, combined with econometric model with 9 macro variables, and figure out that lending rate and risk free rate has positive impacts with bank risk. It implies that increase in lending rate, together with decrease in Rf will increase market risk.
Then, we will suggest recommendations for improving bank management capabilities and relevant government agencies. Our recommendation can be used for reference in many other developing markets.
JEL classification numbers: M21, G12, G30, E58, E62

The Effects of Implementing Online Transportation Quota Limits in Surabaya City

Triana Dianita Handayani; Wike .; Soesilo Zauhar; Mardiyono .

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 1, Pages 1230-1241

The introduction of 4.0 Industrial Revolution has led to several changes in the policies of Indonesia concerning transportation. This is evident with the emergence of online transportation system such as Gojek and Grabcar in 2010. However, several challenges have been observed in its operations such as inappropriate regulations, competition between driver-partners, as well as negative impacts on the welfare of these driver- partners, especially due to their inability to for the cars they use for the business and these require adequate administrative policies. In order to mitigate these problems, the government formulated policies to regulate the existence of online transportation as well as the welfare of partners by making provisions for quota limits. This research was, therefore, conducted to determine the effect of this initiative using a qualitative descriptive approach. The results showed limiting online transportation quotas has the ability to increase driver's partners’ income and, consequently, improve their welfare.

Insolvency Reforms in India: Policy and Economic Implications

Shinu Vig

Journal of Contemporary Issues in Business and Government, 2019, Volume 25, Issue 1, Pages 14-29

The Indian government introduced the Insolvency and Bankruptcy Code of India (IBC) in 2016 as reforms in insolvency and bankruptcy laws are crucial for improving the business environment and credit markets in India. The banking sector of India has been marred for long by the problem of Non-performing-Assets (NPAs), and many of its largest companies are struggling under massive debts. The main objective of the new law was to facilitate insolvency resolution and liquidation in a timely manner and to improve India’s ranking in the ‘ease of doing business’ index. This paper highlights the importance of insolvency reform in the economic policy of any country, while it examines the insolvency regime in India under the IBC with respect to its prospects and challenges and implications of the Code for the Indian corporate sector. Thus, the paper contributes to the policy debate relating to this subject.