Economic development
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Ấn phẩmThe rise in food prices and the export of milled rice in the greater Mekong subregion(2025) Thath, RidoPurpose: This study examines how responsive the exports of milled rice are to rising food prices in the Greater Mekong Subregion. Methodology: The research employed panel data regression models, including Fixed Effects and Random Effects, and the Pooled Ordinary Least Squares to examine data spanning from 1996 to 2020 for three countries in the subregion: Cambodia, Vietnam, and Thailand. Findings: The results show that milled rice exports from the subregion were responsive to the food price surge of 2008-2009, i.e., exports increased following the price surge. In addition, the production of rice was found to be positively associated with exports. Implications: The findings emphasize the importance of milled rice exports in the Greater Mekong Subregion. The responsiveness of rice exports to the price surge implies that exporters are ready to increase exports constantly. This provides policymakers with inputs to formulate policies and strategies to increase exports for stabilizing food prices and increasing rice farmers’ income.Originality: The study contributes to the existing body of literature, providing new evidence of the milled rice exports responding to the food price surge by looking into the major rice-exporting countries in the Greater Mekong Subregion. Limitations and directions for future research:The study is not free from limitation due to the unavailability of data, leading to the exclusion of two countries in the Greater Mekong Subregion. The generalizability of the findings may be limited within this region, therefore, setting directions for future empirical studies to incorporate major rice-exporting countries in other regions.- Ấn phẩmPredicting consumer intention to buy tiger bone glue inVietnam: A comparison between the theory of plannedbehavior and the social cognitive theory(2025) Vu, Dang Hoai NamDemand for tiger parts and products, especially tiger bone glue, has fuelled theillegal tiger trade and the proliferation of tiger farms in some Asian countries.Despite the importance of understanding demand, insights into consumermotivations and determinants of demand remain limited. This study comparedthe theory of planned behavior (TPB) and the social cognitive theory (SCT) toexamine the relative effects of different social-psychological factors and infor-mational treatments on consumers' intention to buy tiger bone glue inVietnam, a traditional medicine primarily made of tiger bone. Using structuralequation models, results showed that the perceived behavioral control in theTPB (f2 = 0.58) and self-efficacy in the SCT (f2 = 0.72) were the most impor-tant determinants. Respondents were also influenced by media information(f2 = 0.09) about the conditions of captive-bred tigers, the prevalence of fakeand low-quality products, and legal sanctions and health risks when buyingand using tiger bone glue. However, information about alternatives to tigerbone glue had no significant effects. The study supports using the SCT as analternative to the TPB to increase the ability to capture the complexity of fac-tors driving the consumption of endangered wildlife products. We developedrecommendations for behavior change campaigns using social marketing toreduce tiger bone glue demand.
- Ấn phẩmMicro-power dynamics within teams when implementing corporate social responsibility − A case of SMEs in Vietnam(2025) Vu, Mai Chi; Shin, HyemiA micro-turn in Corporate Social Responsibility (CSR) research has been growing scholarly attention on what happens internally when CSR is developed and implemented in firms. A critical yet underexplored dimension of CSR implementation lies in the internal dynamics of CSR teams, where members with differing goals, values, and professional backgrounds must collaborate, often amid competing priorities, limited resources, and moral ambiguity. While existing research tends to portray CSR teams as internally cohesive and unified agents of change, less attention has been paid to the intra-team negotiations, tensions, and power struggles that shape how CSR is enacted on the ground. This gap is particularly salient given the cross-functional and morally complex nature of CSR teams, where collaboration is not always seamless, and alignment is not guaranteed. Based on interviews with 56 team members in 16 CSR project teams in Vietnam, we explore the power dynamics of CSR implementation within SMEs. Our findings illustrate how three forms of power—relational, discursive, and performative—are embedded in the micro-dynamics of CSR teams within Vietnamese SMEs, shaping implementation processes in ways that extend beyond top-down directives. By revealing the heterogeneity of CSR managers and showing how resource scarcity and informal networks intensify intra-team tensions, the study challenges the prevailing assumption that CSR teams function as unified and harmonious entities. Instead, it uncovers the political struggles and power conflicts among team members, highlighting the complexity of intra-team power dynamics and exposing how these dynamics can contribute to symbolic rather than transformative CSR outcomes in resourceconstrained settings.
- Ấn phẩmImpact of financial behavior on savings strategies among the poor in Vietnam(2025) Nguyen, The Anh; Le, Tai ThuThis study focuses on improving the savings behavior of the poor in Vietnam, who face numerous challenges due to limited socio-economic conditions and inadequate access to formal financial services. The research employs a multivariable linear regression model to quantify the roles of income stability, financial literacy, access to banking services, health risks, social safety nets, and cultural norms. Data were collected through a quantitative survey ensuring representativeness and reliability. The analysis explores how these socio-economic factors interact to influence savings behavior. The results indicate a significant correlation between the above variables and the adoption of sound saving practices. Integrating financial and educational support for the Vietnamese poor, alongside a broader socio-economic perspective, plays a pivotal role in fostering better savingsbehavior. The study underscores the importance of socio-cultural contexts and appropriate financial incentives in enhancing the savings behavior of vulnerable groups. These findings offer insights for policymakers, financial institutions, and stakeholdersin promoting financial inclusion, improving financial management literacy, and bolstering economic resilience among disadvantaged communities in Vietnam
- Ấn phẩmGreen bond market in Vietnam: Barriers to corporate issuers, attractiveness to investors and potential growth(2025) Le, Minh Hong; Vivian, AndrewPurpose – This study investigates the challenges impeding the development of an effective green bond market in Vietnam and evaluates its potential to support the country’s transition from carbon-intensive industries to a greener economy, in line with its climate commitments. Design/methodology/approach – This study uses a qualitative research approach, conducting semi-structured interviews with 15 stakeholders representing different segments of Vietnam’s financial sector. Thematic analysis was carried out in three stages: initial coding, exploring connections between codes and developing three main themes: barriers for corporate issuers, investor attractiveness and the green bond market’s potential. Findings – The major barriers for corporate issuers include a lack of intermediaries, regulatory shortcomings, high issuance costs and an underdeveloped corporate bond market. From the investor perspective, green bonds are perceived as less attractive due to relatively low yields, high project risks, limited market awareness and a scarcity of investment options. Despite these challenges, the market holds significant potential, supported by Vietnam’s net-zero ambitions, government backing and continuous legal framework improvements. Research limitations/implications – The study covers a sample weighted towards issuers, due to the limited public awareness of green investment. Future research could also include regulatory perspectives and use quantitative methods to expand upon these findings, especially as the market matures. Findings inform policymakers and practitioners, offering recommendationssuch as establishing intermediaries, developing a green taxonomy, legal reform, infrastructure enhancement and investor education. A stronger green bond market can support sustainable development, reduce emissions and promote long-term environmental and social wellbeing. Originality/value – Thisstudy contributes by addressing a research gap in Vietnam’s green bond market using a qualitative, interview-based method, which is uncommon in the existing literature. It offers real-world insights from a diverse range of market actors, enabling a multidimensional understanding of market dynamics.
- Ấn phẩmFactors affecting the circular economy in Vietnam, contemporary economics(2025) Pham, Tien Dat; Phan, Thi Hang Nga; Le, Thi Thuy HangEnvironmental pollution and resource depletion are increasingly adversely affecting human life, requiring many countries to actively build and develop a circular economy, including Vietnam. Besides, Vietnam participates in many new-generation free trade agreements and commitments to safety standards and the ecological environment. Applying the circular economy is an inevitable trend toward sustainable development. Building a circular economy model has a close relationship with factors such as: Reduce, Reuse, Recycle, Rethink, and Refuse. They have played an essential and groundbreaking role in shaping closed-loop systems. Therefore, the article aimed to discover critical factors affecting the circular economy and proposed policy recommendations. The authors applied qualitative and quantitative methods to process data through SPSS 20.0. The authors surveyed 450 leaders and other people working for 30 provinces in Vietnam. Based on structural equation modeling, the authors tested the overall fit of the data. The main findings explored the Reduce (Red) factor as the most substantial impact of the five factors affecting the circular economy, with a significance of 1.0 percent. Based on the research, the authors proposed the policy recommendations such as a clear legal corridor for the formation and development of the circular economy, mechanisms and policies for developing advanced technology, reuse, and recycling of waste. The article's novelty has analyzed the policies that Vietnam is trying to develop economically sustainably, minimizing adverse impacts on the environment, and the circular economy is a model of interest and development orientation.