{"title":"The impact of macroprudential policies on bank’s profitability: Empirical evidence from Vietnam","authors":"Phương Anh Phạm, Nhật Minh Nguyễn","doi":"10.59276/jelb.2024.07.2696","DOIUrl":"https://doi.org/10.59276/jelb.2024.07.2696","url":null,"abstract":"This paper investigates the impact of macroprudential policies on the profitability of 27 Vietnamese commercial banks from 2014:Q3 to 2023:Q3. This paper uses panel data regression methods combined with tests to resolve the endogeneity issue, and robustness checks produce consistent research results. Accordingly, empirical results show that contractionary macroprudential policies have a positive impact on the profitability of Vietnamese commercial banks. The results from the quantile regression model indicate that contractionary macroprudential policies help commercial banks with low ROA quantiles improve profitability better than banks with high ROA quantiles. Based on that, this research forms several recommendations including: the banks should conduct appropriate strategies to align to macroprudential regulations; the State Bank of Vietnam is in charge of the banks in complying to these regulations.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"2 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141842705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nhật Minh Nguyễn, Thị Phương Anh Trần, Thị Thu Trang Nguyễn
{"title":"The impact of market power on bank stability: Empirical evidence from Vietnam","authors":"Nhật Minh Nguyễn, Thị Phương Anh Trần, Thị Thu Trang Nguyễn","doi":"10.59276/jelb.2024.07.2634","DOIUrl":"https://doi.org/10.59276/jelb.2024.07.2634","url":null,"abstract":"This paper investigates the impact of market power on the stability of Vietnamese commercial banks using a quarterly unbalanced panel data set of 22 commercial banks in the period from Q2:2015 to Q3:2023, combined with panel data analysis models. Research results show that market power has a negative impact on the stability of Vietnamese commercial banks, implying that a more competitive banking market will have higher stability. In addition, a higher non-performing loan ratio, loan-to-deposit ratio and inflation also make banks less stable, as these factors increase bankruptcy risk, liquidity risk, and credit risk. On that basis, this paper proposes some policy recommendations to improve the stability of Vietnamese commercial banks, including creating a favorable banking business environment, encouraging diversification and innovation in the banking market (such as supporting small banks to increase capital or establish FinTech in a controlled manner). In addition, commercial banks need to proactively manage their internal factors such as credit risk and loan to deposit ratio to ensure stability.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"185 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141852603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ngọc Minh Ngô, Hương Trang KIm, Linh Chi Nguyễn, Thị Thúy Hiền Tăng, Minh Thư Nguyễn
{"title":"Determinants of inexperienced investors’ attitudes towards the use of AI services in the stock investment","authors":"Ngọc Minh Ngô, Hương Trang KIm, Linh Chi Nguyễn, Thị Thúy Hiền Tăng, Minh Thư Nguyễn","doi":"10.59276/jelb.2024.07.2669","DOIUrl":"https://doi.org/10.59276/jelb.2024.07.2669","url":null,"abstract":"Using the partial least squares Structural Equation Modelling (SEM) on primary data collected from surveys of 466 inexperienced investors in Vietnam during September and October 2023, our study explores the factors that influence investor attitudes towards the use of AI services in six distinct tasks within the stock investment process. The results indicate that perceived usefulness, subjective norms, and trust significantly affect these investors’ attitudes towards AI use in stock investments. However, the perceived ease of use impacts only the tasks that involve straightforward processing. Based on these findings, we recommend that financial service providers tailor their product development strategies to attract potential customers in this emerging market.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"87 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141841397","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Thế Anh Khúc, Đức Dương Nguyễn, K. Phương, Diệu Linh Lê
{"title":"Nhân tố tác động đến mối quan hệ giữa ý định và hành vi sử dụng Fintech: Bằng chứng thực nghiệm tại Việt Nam","authors":"Thế Anh Khúc, Đức Dương Nguyễn, K. Phương, Diệu Linh Lê","doi":"10.59276/jelb.2024.07.2656","DOIUrl":"https://doi.org/10.59276/jelb.2024.07.2656","url":null,"abstract":"This study focuses on evaluating factors that impact the relationship between intention and behavior of using fintech. Data in the study were collected from 351 observations during the period from September 2023 to December 2023, using linear structural modeling (SEM) to test hypotheses, including the relationship of all potential variables. The results show that Financial Knowledge (FL) is a moderating factor in the relationship between Intention (IT) and Fintech Usage Behavior (UFB), and Financial Self-Efficacy Belief (FSE) is Mediating factor in the relationship between Financial Education (FL) and Fintech Usage Behavior (UFB). In addition, the moderating role of Facilitating Conditions (FC) in the relationship between Intention to Use (IT) and Fintech Usage Behavior (UFB) is not statistically significant. We give some recommendations such as minimizing cybersecurity risks or providing financial literacy training for users.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"46 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141850906","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effects of exchange rate volatility on Vietnam’s agricultural exports and the role of financial liberalization in its trading partners","authors":"Thị Thu Hương Nguyễn","doi":"10.59276/jelb.2024.07.2626","DOIUrl":"https://doi.org/10.59276/jelb.2024.07.2626","url":null,"abstract":"This study assesses the impact of real exchange rate volatility on Vietnam’s agricultural exports, considering the role financial liberalization in its trading partners. The author employs Poisson pseudomaximum likelihood estimators to estimate a gravity model covering bilateral agricultural exports from Vietnam to 187 its trading partners during 1996-2021. The empirical results of this study indicate that exchange rate volatility hampers agricultural exports of Vietnam and financial liberalization in its trading partners is crucial for alleviating this adverse nexus. Therefore, maintaining stable exchange rate is necessary to boost agricultural exports of Vietnam. In addition, under great turmoil in global economy with strong fluctuations in exchange rates, Vietnam still has a chance to increase its agricultural exports to countries that have high levels of financial liberalization. This finding has an important implication for selecting trading partners to improve export performance of agricultural sector in Vietnam.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"92 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141840368","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Factors affecting entrepreneurial intentions of students after graduation: Empirical research at universities in Hanoi, Vietnam","authors":"Văn Phương Nguyễn, Ngọc Hương Quỳnh Phạm","doi":"10.59276/jelb.2024.07.2627","DOIUrl":"https://doi.org/10.59276/jelb.2024.07.2627","url":null,"abstract":"This study aims to investigate the influence of factors on the entrepreneurial intentions of students after graduation. This study conducted a survey of 388 students studying at universities in Hanoi (Vietnam) from January 2023 to March 2023. The PLS- SEM model is used to test the research hypotheses and proposed research model. Research results show that the Capital factor has the strongest influence on students’ intention to start a business after graduation, followed by Perceived behavioral control, then Attitude, Knowledge and experience. Subjective standards and finally the Entrepreneurship education factor. Based on the results of this analysis, relevant organizations such as ministries, departments, and universities can provide appropriate solutions to arouse and promote students’ entrepreneurial intentions after graduation.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"12 16","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141846628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of public investment on economic growth of Phu Yen province","authors":"Văn Trí Trần, Công Hướng Lê","doi":"10.59276/jelb.2024.07.2721","DOIUrl":"https://doi.org/10.59276/jelb.2024.07.2721","url":null,"abstract":"The purpose of this study is to determine the impact of public investment on the economic growth of Phu Yen province and on that basis, the author recommended some solutions to use this investment more effectively. The study uses the vector error correction model (VECM - Vector Error Correction Model) with data collected from Phu Yen Provincial Statistical Yearbook and related agencies in 27 years, from 1996 to 2022. The research results show that public investment has a positive impact on the economic growth of Phu Yen province in both the short and long term, in which the level of impact in the long term is higher than in the short term. In addition, the research results also show that labor working in the economy also positively impacts long-term and short-term economic growth. For private investment, it has a negative impact on GRDP growth in the short term and a positive impact in the long term. These findings have important implications for public investment management activities in Phu Yen province.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"51 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141853183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Measure the flow of information from financial markets to gold market by transfer entropy: Evidence from Vietnam","authors":"Thị Thùy Dương Trương","doi":"10.59276/jelb.2024.04.2639","DOIUrl":"https://doi.org/10.59276/jelb.2024.04.2639","url":null,"abstract":"Measuring the information flows between financial markets brings benefits for investors and policymakers. This study considers information flows from the US gold market, crude oil, Federal funds rate to the Vietnames gold market from 4th January, 2004 to 7th December, 2023 using transfer entropy. The data is collected from Fred.stlouisfed.org and World Gold Council. The results show that among examining factors US gold price has strongest impact on Vietnames gold, meanwhile, the gold market reacts more slowly the information from US crude oil market and Federal funds rate. The outcome provides a reference channel for investors to make decisions.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"72 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140769581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Determinants of employees’ digital literacy in the financial and non-financial sectors in Vietnam","authors":"Văn Hinh Lê, Tường Vân Nguyễn","doi":"10.59276/jelb.2024.04.2507","DOIUrl":"https://doi.org/10.59276/jelb.2024.04.2507","url":null,"abstract":"This study aims to explore the determinants of employees’ digital literacy in the financial and non-financial sectors in Vietnam. Data for analysis were obtained from 979 respondents (272 from financial sector and 707 from non-financial sector). The results of exploratory factor analysis (EFA) show that there are 7 factors have a statistically significant impact on digital literacy. In addition, ANOVA’s analysis shows that there is a difference in digital literacy between employees in the financial sector and those in other sectors. The study also found that there is a difference in digital literacy between groups of education levels (within educational groups, respectively digital literacy decreases: doctorate, master, university, colleges and high school). Policy recommendations on comprehensive digital literacy training in the direction of a national campaign are also discussed.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"37 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140768146","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Thế Hùng Đinh, Thanh Phương Nguyễn, Diễm Quỳnh Phạm, Lan Anh Hoàng, Phan Anh Trần, Công Kiên Nguyễn
{"title":"Factors influencing accounting information system effectiveness among small and mediumsized enterprises in Vietnam","authors":"Thế Hùng Đinh, Thanh Phương Nguyễn, Diễm Quỳnh Phạm, Lan Anh Hoàng, Phan Anh Trần, Công Kiên Nguyễn","doi":"10.59276/jelb.2024.04.2596","DOIUrl":"https://doi.org/10.59276/jelb.2024.04.2596","url":null,"abstract":"This article aims to present the study of factors influencing accounting information system effectiveness among SMEs in Vietnam. Based on the inheritance of previous studies, the research team suggests that there are five main factors that affect accounting information system effectiveness, including: IT Sophistication, Manager Knowledge, Manager Participation in accounting information system Implementation, Accountant Knowledge and Training for Accountant. The researches conducted a survey on 135 respondents form SMEs in Vietnam via questionnaires from December, 2022 to February, 2023. Through correlation regression testing method, the research team concluded that the aforementioned factors have impacts on accounting information system effectiveness. Based on this result, the research team proposed a number of recommendations for the improvement of accounting information system effectiveness among SMEs in Vietnam.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"59 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140757542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}