Analyzing financial factors to improve production and business efficiency

In order to complete this paper, the authors would like to thank Thai Nguyen Iron and Steel Joint Stock Company for their support in discussing and providing necessary information related to the article, thank SHB Commercial Joint Stock Bank for supporting the review of the paper and financial results for the authors in the research process. The authors also thank the Faculty of Economic Information Systems, Thai Nguyen University of Information and Communication Technology.Purpose: The paper’s aim is to analyze the business and production activities of an enterprise on researching and analyzing financial situation and factors affecting financial indices. On this basis, the article gives a panoramic view of the current financial situation and offers effective solutions to manage finances. Design/Methodology/Approach: In this article we have conducted a survey and analyzed the reality of the financial situation of TISCO in the period of 2016-2018. On that basis, the authors proposed an effective financial management solution for TISCO. Findings: On the basis of analyzing the advantages of an enterprise financial factor analysis methods the paper took advantage of the strengths of the existing method combined with testing analysis, descriptive statistics and charts to assess the current situation and give general and specific overview of the financial situation of large Vietnamese enterprises such as TISCO. The paper suggests a solution for the corporate restructuring of TISCO. Practical implications: Based on the methods of financial factor analysis combined with descriptive statistical analysis the article has been applied to analyze and assess the actual financial situation in large enterprises in Vietnam and make recommendations on corporate financial management to help businesses operate more effectively. Originality/Value: The authors have conducted research and applied the analysis of the financial reality of a large enterprise that is now in a period of great loss. This article gives an accurate, honest and objective assessment of the reality of TISCO making effective recommendations on corporate financial management.peer-reviewe