Journal of International Economics and Management

Among many forms of development strategy, serial acquisitions are known as an effective method for firms to gain prosperity with a rapid speed. However, serial acquisition strategy is generally risky and complex. This study examines the serial acquisitions of Saigon – Hanoi Commercial Joint Stock Bank (SHB). The main research findings points out that the acquisition process of SHB is compatible with the acquisition process of a successful acquirer recognized in the literature. SHB has the ability to learn from experience, not only from its previous transaction but also from other firms’ acquisitions.

This survey reviews the recent developments in experimental studies on managers’ preferences, with a focus on issues of experimental design. We concentrate our attention on studies that measure risk and time preferences. We review a number of models of risk and time preferences that have been estimated or otherwise studied using experimental methods, and highlight some issues associated with such models. We then survey thoroughly the theoretical and empirical studies to date in this area outside and in Vietnam. We conclude by discussing some potential research avenues in the future.

Since 2009, concerns of a sovereign debt crisis developed among fiscally conservative investors concerning several European Union (EU) and euro-zone member states, the so-called PIIGS, i.e. Portugal, Italy, Ireland, Greece, and Spain. That led to a crisis of confidence as well as the widening of bond yield spreads and risk insurance on credit default swaps (CDS) between these countries and other euro-zone members, most importantly Germany. Many observers argue that the creation of the European single currency has contributed to the debt crisis in Europe, and that the future of the Euro is a key concern for investors and markets. Hence, an objective of the paper is to illustrate the origins of the debt crisis, and some policy response in EU. Besides, this study recommends some policies for implementing a strategic plan on public debt, including restructuring debts, resending, or borrowing to finance important and effective programs and projects and ensure national financial security.

The paper investigatesreaction of the stock market (NASDAQ and NYSE) to 97 announcements of corporate headquarters relocations in the January 1990-August 2008 period. The results indicate thatthe stock market has no initial reaction to those relocating decisions as a whole, which contradicts with earlier findings. Furthermore, the reaction does not differ for the manufacturing, services, and wholesale/retail sectors of the economy. However, the empirical evidences show that the past financial performance of a corporationinfluenced its decision to relocate headquarter

The Vienna Convention on Contracts for the International Sale of Goods Contract or the CISG 1980 is often considered to be a great success in harmonizing private commercial laws. However, there is a common scene that the parties of international sales usually agree to exclude the application of the Convention and forgo the potential benefits it can bring about. Taking into account of the fact that Vietnam has become a member state of the Convention since the beginning of 2017, without proper equipment on the knowledge regarding the issue, there is a high chance that our enterprises will follow the footsteps of the predecessors to constantly opt out of the Convention without any consideration and deprive themselves of the advantages accompanying with it. Hence, this article aims to look deeply into the reasons behind the opting out decision of the enterprises via examining the CISG exclusion situation in some countries and conducting in-depth analysis regarding the problem.

The results of past studies show that applying best manufacturing practices has promoted firms to improve performance with mixed success. This study aims to examine the extent to which mechanical firms in Vietnam context have adopted best manufacturing practices and whether these practices contribute to firm performance. A structured questionnaire has been developed based on literature of best practices known as world-class. Out of the 204 questionnaires sent, 122 completed replies were received and valid. The data were analyzed using descriptive statistics and regression analysis. The results show that most of best manufacturing practices are adopted and implemented with fairly high degree of acceptance. Three over fourteen best practices (JIT delivery by suppliers, supplier quality management and equipment layout) are proved to be significant and positively related to financial performance, while four over fourteen best practices (JIT delivery by suppliers, cleanliness and organization, Kanban and maintenance) are significantly and positively related to nonfinancial performance. Implications, recommendations and future research are discussed.

Using a sample of 248 firms on Hanoi and Ho Chi Minh City stock exchanges, we shows that education level and tenure of the CEOs do not have any impact on the performance of Vietnamese firms. However, when the CEOs hold the undergraduate degree, tenure has a positive impact on the performance of Vietnamese firms. Firms with female CEOs realize a significantly lower operation efficiency compared to that of firms with male CEOs. Moreover, splitting CEO and chairperson roles has a positive impact on the performance of Vietnamese firms.

In Vietnam, small and medium sized enterprises (SMEs) account for a large proportion in terms of both number of enterprises and number of jobs created. Despite the fact that information technology is widely acknowledged to play an increasingly important role in an ever modern business environment, SMEs are often considered to have weak capacity in applying information technology in doing their businesses. Based on data from an SME survey conducted in Vietnam in 2011, this study shows that human resources,formality of the SMEs, and physical infrastructureare the key determinants of their application of information technologyandperformance.  

The purpose of this research is to explore the factors affecting international tourists’ satisfaction of street food in Ho Chi Minh city. This study used convenience samples with 203 international tourists in Ho Chi Minh city and employed linear regression analysis. The results indicated that all the factors affecting the international tourists’ satisfaction towards street food, ranked in order of importance are as follows: (i) food quality, (ii) food hygiene, (iii) food price, (iv) food variety, (v) attitude of staff, (vi) food environment, (vii) food information, and (viii) food heritage. Some policies are recommended to tourist agencies and authorities to improve international tourists’ satisfaction towards street food.

Restructuring in Vietnam has become a critical necessity to ensure efficiency and stability, especially in the context of long-lasting recession in the economy as a whole. This paper reviews Vietnam’s economic growth model to point out the demand for restructuring the key blocks of the economy. The paper also discusses the road map for Vietnam’s restructuring process and synthesizes the initial achievements of the process so far.