Dealing With Non-Performing Loans During The Bank Restructuring Process in Vietnam: Assessment Using The AHP and TOPSIS Methods

This article aims to assess the solutions that have been implemented in Vietnam to deal with non-performing loan(s) (NPLs) in the banking system. By trying to build evaluation criteria through a literature review and an expert survey, as well as using the analytic hierarchy process (AHP) and technique for order preference by similarity to ideal solution (TOPSIS), this research measures the effectiveness of the resolution of NPLs in Vietnam through many factors. The empirical results show that, in the past, the banking system in Vietnam has not dealt very well with bad debt, as it mostly uses traditional methods such as NPL write-offs by loan loss reserves or the liquidation of collateral. Based on our consideration of the NPLs’ resolutions that the Vietnamese banking system has implemented recently, we propose some suggestions to improve the necessary conditions for applying more market-based solutions, such as debt-equity swaps and securitization to thoroughly resolve the NPLs in Vietna

FENG SHUI JEWELRY CONSUMPTION TRENDS OF GEN Z YOUNG PEOPLE IN HANOI CITY

Feng shui jewelry is not only a fashion product, but also a part of lifestyle, bringing Gen Z youth in Hanoi cultural, spiritual values and profound meanings.In order to examine the feng shui jewelry consumption trends of young generation Z people in Hanoi city, the research team conducted this study. Through the results of the study, it can be seen that among those who know about feng shui jewelry, the number of people who have ever bought/used feng shui jewelry is only 46.8%. People who do not buy/use for documented reasons such as simply not liking to use it, feng shui jewelry needs to be preserved carefully and thoroughly, many people around have not used it, or using it requires sophistication, complexity...The number of people who have not yet used it and will buy and use it in the near future is still small. The frequency of using feng shui jewelry among young people is only at a normal level. Meanwhile, the favorite feng shui jewelry product is feng shui stone bracelets, followed by stone pendants. With the trend of simple, compact designs and reasonable prices being the top priorities when choosing products for young people. The main reason for young people to use feng shui jewelry is to attract fortune, luck, ward off bad luck, and be chosen as a gift. Many young people also agree that feng shui jewelry will bring fortune, luck and have a positive impact on health... so most of those who have bought/used it will intend to continue buying and using it

The Relationship between Budget Revenue - expenditure and Inflation in Vietnam: Viewed from the Results of Quantitative Analysis

The research examines the relationship between budget revenue expenditure and inflation in Vietnam, with time series data on budget revenue expenditure and the consumer price index (CPI) (representing the inflation variable in Vietnam). Data were collected from the International Financial Statistics (IFS-IMF), General Statistics Office (GSO) in the period of 2005-2022. The author used Eview software to build a linear relationship log-log of budget revenue - -expenditure and CPI in the case of the Vietnamese economy. Quantitative analysis results show that when budget revenue increased by 1%, CPI increased by 0.249674%, when budget expenditure increased by 1%, CPI increased by 0.298316%. Raising budget revenue to raise budget expenditure will result in higher inflation during the research period in Vietnam. From the theoretical basis, research overview, and quantitative analysis results, the research team makes some recommendations for fiscal policy in Vietnam in the current context

Competencies of the Team of Department Head at Higher Education Institutions in Vietnam in The Context of the Industrial Revolution 4.0

This study aims to investigate the Competencies of the team of department head at higher education institutions in Vietnam to implement higher education development in the context of the industrial revolution 4.0. The authors conducted a Delphi study with 15 experts in educational management in Vietnam to gather their expert views on the competencies of the team of department head at higher education institutions. A total of 24 components of competency related to 4 fields (professional expertise, scientific research, subject management and leadership, social activities and international cooperation) were strongly emphasized by experts. The competence of the team of department head is proposed based on the ideas of a group of experts and the results need to be tested, completed and confirmed by follow-up work. Besides, in this study, we have not determined the level of achievement of each competence as well as developed assessment tools. The specific competencies of the team of department head can be considered as a foundation to contribute to the development of higher education in the context of the industrial revolution 4.0. We know that competence does not exist independently; in stead of, they should be considered in the specific context of teaching, university, culture and society. This study is one of the studies related to the competence contextualization of the team of department head at higher education institutions in the Vietnamese context

Reclamation of Marine Chitinous Materials for Chitosanase Production via Microbial Conversion by Paenibacillus macerans

[[abstract]]: Chitinous materials from marine byproducts elicit great interest among biotechnologists for their potential biomedical or agricultural applications. In this study, four kinds of marine chitinous materials (squid pens, shrimp heads, demineralized shrimp shells, and demineralized crab shells) were used to screen the best source for producing chitosanase by Paenibacillus macerans TKU029. Among them, the chitosanase activity was found to be highest in the culture using the medium containing squid pens as the sole carbon/nitrogen (C/N) source. A chitosanase which showed molecular weights at 63 kDa was isolated from P. macerans cultured on a squid pens medium. The purified TKU029 chitosanase exhibited optimum activity at 60 ◦C and pH 7, and was stable at temperatures under 50 ◦C and pH 3-8. An analysis by MALDI-TOF MS revealed that the chitosan oligosaccharides (COS) obtained from the hydrolysis of water-soluble chitosan by TKU029 crude enzyme showed various degrees of polymerization (DP), varying from 3–6. The obtained COS enhanced the growth of four lactic acid bacteria strains but exhibited no effect on the growth of E. coli. By specialized growth enhancing effects, the COS produced from hydrolyzing water soluble chitosan with TKU029 chitinolytic enzymes could have potential for use in medicine or nutraceuticals.[[sponsorship]]MOST[[notice]]補正完

Lax Compliance of Goodwill Impairment Accounting in the Early Year after IFRS Implementation

After some decades of discussing in recognizing, measuring and reporting goodwill in the financial reports, Hong Kong finally has promulgated HKAS 36 - Impairment of Assets, for the convergence of IFRS including IAS 36. This is absolutely applicable to all transactions of business combinations beginning on or after 1st January, 2005. The adoption of HKAS 36 has resulted in significant changes and more complexity in terms of techniques and in the nature of disclosures relating to goodwill and its impairment to the reporting first-time adopters. The traditional method by adopting “capitalize and amortize” has been replaced by impairment testing regime based on subjective assumptions. Therefore, it is more likely to have inconsistent compliance by the first-time adopters in their transition period under the new reporting approach. Thus, this study has the purpose of examining the compliance levels under a variety of provisions of HKAS 36. By using the data of annual reports of Hong Kong listed firms, first-time adopters, the research found the material levels of non-compliance and substantial changes in the quality of note-form disclosures bearing on impairment testing process. Further study on post transition period is identified and discussed. Keywords: Goodwill, Impairment, Financial Reporting Standard, Hong Kon

“I can't get it out of my mind” - Why, how, and when crisis rumination leads entrepreneurs to act and pivot during crises

Why do some entrepreneurs pivot their business models in a crisis, while others are more passive? Integrating Conservation of Resources theory with work on crisis rumination, we developed a micro-level model to explain why entrepreneurs who are under strain due to a crisis, as indicated by experiencing crisis rumination, adopt an active approach – i.e., using active coping and engaging in pivoting. Moreover, prevention-focused entrepreneurs who are habitually more sensitive to losses are especially stimulated by crisis rumination to pivot to prevent (further) resource losses. We tested our model in an experiment and an eight-month longitudinal study with entrepreneurs during an inflation crisis