Cash holding, state ownership and firm value: The case of Vietnam

Using a sample of 650 listed firms on the Vietnamese stock exchange over the period 2008-2015, we examine the effect of cash holding level on firm value. The results find out the cash holding has an impact on firm value in an inverted U-shaped form. Furthermore, this study investigates whether the state ownership influences firm value. We point out that there is a statistically insignificant positive relationship between state ownership and firm value unless the state ownership’s advantages are utilized. The findings have implications of cash management in state-owned firms. © 2016, Econjournals. All rights reserved

Music in the Festival of Vietnamese People (Thanh Hoa) - Issues

The article focuses on studying music in festivals of Vietnamese people in Thanh Hoa. Through the collected material, the authors have synthesized, explored the cultural aspects of the composition and analyzed the music. The result of the research is to find out the meaning of music in contributing to the festival\u27s appearance and to find out the operating rules and basic characteristics of music. From there, several discussions are given to preserve and promote music in the festival to achieve higher efficiency in life. The research results are the judgments about the culture and music constituting the overall festival, including (1) Meaning of festival organization; (2) Space and time of the festival; (3) Musical genres and performances in festivals; (4) Musical characteristics. The study also identifies appropriate research methods, and musical analysis techniques are also the basis for making objective judgments. This research will serve as the basis for the research, conservation, and promotion of folk music in larger and more comprehensive aspect

Cash Holding, State Ownership and Firm Value: The Case of Vietnam

Using a sample of 650 listed firms on the Vietnamese stock exchange over the period 2008 to 2015, we examine the effect of cash holding level on firm value. The results find out the cash holding has an impact on firm value in an inverted U-shaped form. Furthermore, this study investigates whether the state ownership influences firm value. We point out that there is a statistically insignificant positive relationship between state ownership and firm value unless the state ownership's advantages are utilized. The findings have implications of cash management in state-owned firms. Keywords: Cash holding, firm value, state ownership, Vietnamese corporations JEL Classifications: G32, G31, G2

Does foreign ownership impact accounting conservatism adoption in Vietnam?

This study investigates the effects of foreign ownership on accounting conservatism adoption in Vietnam. Although foreign ownership is found to have a positive relationship with accounting conservatism in Korea (An, 2015), there is still no general agreement on it. In this regard, the purpose of this study is to shed more light on the association between foreign ownership and accounting conservatism. Using data from Vietnamese firms listed on stock exchanges, the study finds that in contrast to the findings of An, foreign ownership is negatively associated with accounting conservatism. This result supports the transient hypothesis of foreign ownership, indicating that foreign investors with the low level of ownership do not have significant incentives to oversee managers, thus not influencing financial reporting quality. © 2017 Prague Development Center.Internal Grant Agency of FaME; TBU - The Relationship between Concentration Ownership and Financial Reporting Quality [IGA/FaME/2017/004

PROBLEMS OF ENGLISH STUDIES STUDENTS ON LEARNING PHONOLOGY AND SUGGESTIONS, CAN THO UNIVERSITY, VIETNAM

The writers were concerned by the phonological challenges encountered by students of the Schools of Foreign Languages, Can Tho University. Foreign language majors are often difficult, and theory is quite tackled, which has caused many serious problems for students. This is no exception for students majoring in English Studies, at Can Tho University in the process of approaching the subject "Introduction to English Phonology". This study was conducted to clarify the phonological challenges that students at Can Tho University are facing, as well as suggest solutions to the problem of phonology learners. Using data from Google Questionnaire Forms, the research conducted an error analysis of 103 English majors who studied the subject. Based on the phonological problems, certain remedial activities were planned for the students, which helped improve their study process phonological problems considerably.   Article visualizations

The prestige of stock exchanges and corporate cash holding in transition economies: a study on Vietnamese listed firms

The main purpose is to examine the relationship between corporate cash holding level and the prestige of the stock exchanges. And the other determinants in the listing requirements impact on cash holding level will be indicated. The paper uses a sample of 577 listed firms excluding the financial institutions on the Vietnamese stock exchange over the period 2007–2015. The results show that the listed firms on the stock exchange with higher prestige hold larger amount of cash reserve and vice versa. The study shows that there is a statistically significant connection between cash holding and the listing requirements such as profitability, dividend and information disclosure. The findings have implications on the cash management of listed firms in the stock exchanges with dissimilar prestige

The prestige of tock exchages and corporate cash holding in transition economies: A study on vietnmese listed firms

The main purpose is to examine the relationship between corporate cash holding level and the prestige of the stock exchanges. And the other determinants in the listing requirements impact on cash holding level will be indicated. The paper uses a sample of 577 listed firms excluding the financial institutions on the Vietnamese stock exchange over the period 2007-2015. The results show that the listed firms on the stock exchange with higher prestige hold larger amount of cash reserve and vice versa. The study shows that there is a statistically significant connection between cash holding and the listing requirements such as profitability, dividend and information disclosure. The findings have implications on the cash management of listed firms in the stock exchanges with dissimilar prestige. © Do Thi Thanh Nhan, Ngo Minh Vu, Pham Ha, Drahomíra Pavelková, 2017

Costing analysis of national HIV treatment and care program in Vietnam

The study found that HIV treatment and care costs in Vietnam are economical, yet there is potential to further promote efficiency through strengthening competitive procurement, integrating HIV services, and promoting earlier antiretroviral therapy (ART) initiation. Non-antiretroviral (ARV) costs in adults at stand-alone facilities were 44% (first year ART) and 24% (later year ART) higher than those at integrated facilities. As well, early treatment before patients’ progress to advanced immunodeficiency will prevent an increase in new HIV infections, while decreasing need for ART in the future. This study provides a first-ever evidence base for nationwide HIV treatment and care costs in Vietnam

Safe haven for Asian equity markets during financial distress: Bitcoin versus Gold

This study aims to analyse the role of bitcoin and gold as safe haven assets for Asian equity markets during periods of high market uncertainty related to the global COVID-19 pandemic, high volatility and extreme stock market conditions. Our empirical analysis employs the DCC-GARCH methodology to estimate the time-varying relationship between bitcoin/gold and the Asian stock market from 2016 to 2023. Our findings reveal that bitcoin serves as a strong hedge for Taiwan and Pakistan, whereas gold can be considered a strong hedge for Japan, Singapore, India, Thailand and Vietnam. Interestingly, we observe that bitcoin does not exhibit safe haven properties in any of the Asian countries observed. In contrast, gold demonstrates strong safe haven abilities for Singapore, India and Thailand. These results remain consistent across various measures of market turmoil, including the volatility index, COVID-19-related periods and low quantiles on the stock market. Furthermore, our results suggest that the perception and adoption of gold as a safe haven asset in Japan and Vietnam is mainly influenced by global events and uncertainties, rather than localized stock market conditions. These findings offer valuable information for investors, financial institutions as well as policy makers and regulators as to how cryptocurrency and gold have evolved as hedge and safe haven assets in Asia during uncertainty periods.Ton Duc Thang UniversityTon Duc Thang University [FOSTECT.2023.18

HỢP TÁC VIỆT - NGA TRONG CHẾ TẠO VÀ THỬ NGHIỆM MÁY THĂM DÒ ĐIỆN TỔ HỢP TEC-2 PHỤC VỤ KHẢO SÁT MÔI TRƯỜNG ĐỊA CHẤT TẦNG NÔNG

The geophysical investigation system named TEC-2 (Tomography Electric Complex-2) was designed, installed and tested in Institute of Marine Geology and Geophysics. This TEC-2 is the scientific cooperation product of Geomagnetic and Geoelectric Department of and POI and Geo - environmental Department of IMGG-VAST. The test results using TEC-2 show the capability of investigating by using certain pole system, short investigation time, high stability, the accuracy of two investigation times being more than 92%. The distributed design of electric poles, measuring operation, parameter selection, … are programmed and controlled automatically by computer. The TEC-2 system was used for investigating the weak structures in islands of Song Tu Tay, Son Ca, Nam Yet and Sinh Ton in Truong Sa Archipelagos and shallow geological environment in the area of Red River bank in Son Tay Hanoi. The acquired data  contributed to the success of the scientific projects managed by IMGG in the National Program of Bien Dong and islands in the period of 2011 - 2013 and VAST’s research project in the period of 2013 - 2014.Máy đo điện tổ hợp TEC-2 (Tomography Electric Complex-2)  được thiết kế, lắp ráp và thử nghiệm tại Viện Địa chất và Địa vật lý biển là sản phẩm hợp tác khoa học giữa phòng Địa từ điện của Viện Hàn lâm Khoa học Nga chi nhánh Viễn Đông (POI) và phòng Địa môi trường thuộc Viện Địa chất và Địa vật lý biển (IMGG). Kết quả đo thử nghiệm máy TEC-2 cho thấy khả năng đo tổ hợp nhiều phương pháp trên hệ điện cực bố trí sẵn, thời gian đo nhanh, độ ổn định của kết quả đo cao, độ chính xác giữa hai lần đo đạt trên 92%. Các thiết kế hệ điện cực, thao tác đo, chọn tham số được lập trình và điều khiển tự động bằng máy tính. Máy TEC-2 đã được sử dụng để nghiên cứu các đới cấu trúc yếu thuộc các đảo san hô Song Tử Tây, Cơn Ca, Nam Yết và Sinh Tồn thuộc quần đảo Trường Sa và môi trường địa chất tầng nông khu vực ven bờ Sông Hồng khu vực Sơn Tây Hà Nội. Các kết quả thu thập được đã đóng góp một phần quan trọng cho sự thành công của đề tài nghiên cứu do Viện Địa chất và Địa Vật lý biển chủ trì thuộc Chương trình Biển Đông và Hải đảo giai đoạn 2011 - 2013 và đề tài cấp Viện Hàn lâm Khoa học và Công nghệ Việt Nam giai đoạn 2013 - 2014