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Back Numbers 2010
On 20 Dec 2010, VDF has published a new survey report on "Quality of Technical and Vocational Education and Training: Perceptions of Enterprises in Hanoi and Surrounding Provinces". This survey was conducted from Nov. 2008 to Feb. 2009 to obtain enterprises’ needs on industrial human resource and their perceptions of the quality of TVET institutions. It was supported by domestic and international organizations including National Economics University (NEU), Hanoi University of Industry (HaUI), the United Nations Industrial Development Organization (UNIDO), the Japan International Cooperation Agency (JICA) and Hiroshima University. We invite you to share the report with interested colleagues and welcome your feedbacks and suggestions for future issues. Click here to download the report. Hard copies are available at VDF office.
The talk show is re-broadcasted at 12:30 on Thursday, 18 November, 2010 on VITV. You can also watch the show online via www.vtv.com.vn (VTC8) at this time.
On 17 August 2010, the VDF working team group organized a workshop on “The financial market supervision model – experiences from Japan, Singapore, Malaysia and Korea”. Dr Nguyen Thi Minh Hue, VDF researcher/ NEU lecturer, on behalf of the joint research group presented the findings from Japan, Singapore, Malaysia models after the study tour in Japan in the early of this year. Mr Nguyen Duc Trung, Head of Science Management Department, Banking Academy presented the Korean model and some suggestions for Vietnam. The participants from National Financial Services Commission, Deposit Insurance of Vietnam and other researchers discussed the advantages as well as disadvantages of each model and also pointed out the research topics should be kept continuing studied. In the next period, the VDF working team group will focus on the design of financial market supervision report under international standards and 4 above countries including: (i) the structure of report, (ii) details of financial indicators, and (iii) how to apply these indicators in Vietnam. HueslideV(PDF679KB) TrungslideV (PDF45,512KB)
On 15 January 2010, VDF, JARI and JETRO co-organized a workshop on "Motorcycle/Automobile Fuel Quality Improvement Project for Vietnam" at Hilton Hanoi Opera Hotel. Participants included policy makers, researchers, and practitioners from VDF, JARI, JAMA, VAMA, VR, MOIT, Petrolimex, PetroVietnam. A four-hour workshop discussed (i) results of fuel quality analysis in Vietnam and Japan, (ii) estimation of total automotive emission, (iii) health effects of air pollution, (iv) biofuel and (v) recommendations for fuel quality regulation system in Vietnam. JARI experts demonstrated the cross check result of fuel quality in Vietnam and explained the WHO international formulas for estimating the amount of emissions and DALY coefficient. A question was raised as to the rigidity of formulas. If internationally common coefficients are used to estimate the amount of pollution per each car, truck or motorbike, pollution is simply proportional to traffic volume and policy impact cannot be evaluated. In addition, characteristics of Vietnam's vehicle stock cannot be reflected. Some participants doubted the reliability of data on fuel quality in Vietnam. Multiple factors such as time of taking sample, location of gas station, quality of analyzing equipment, capacity of human skill etc. must be considered when interpreting the cross check results. Details of cost estimates of DALY and policy directions for fuel quality improvement were provided and discussed.
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On
07 Dec, 2010 Dr. Nham Phong Tuan, PhD from Hiroshima Univ. and currently
teaching at VN Univ. of Commerce, presented his firm-level study on
supporting industries at VDF. Using survey data from 102 firms located
in Hanoi, hypotheses were tested and different approaches of industrial
organization, organizational economics, and resource-based view were
compared. It was found that the third approach (RBV) had the highest
explanatory power. Discussions focused on survey method, data quality,
reverse causality, and existence of different cohorts in the sample
On
01 Nov 2010, Prof.
Kenichi Ohno (Research Director, VDF) and Mr. Hiroyuki Moribe (Chief
Representative, JETRO Hanoi) had a discussion on Vietnam’s supporting
industries at CEO Forum (Vietnam Investment Television, VITV). The talk
show was broadcasted at 13:00 on Saturday, 13 November 2010. Both
speakers shared the same viewpoints that (i) development of supporting
industries takes a long time, Vietnam is only at the early stage, thus
should be patient and persistent; (ii) systematic international
comparison of SI promotion policies is needed, not blind copy or random
imitation; (iii) supporting industries are a good entry point for the
nation’s industrialization and modernization; and (iv) what needs to be
done is more or less known, the rest is implementation that needs more
attentions from policy makers.
From
12 to 14 May 2010, the International Conference on: "Globalization and
Evolution of Asian Countries" was held by Korea University at Sejong.
Researchers and lecturers from China, Japan, Malaysia, Vietnam and Korea
made series of presentations from various economic researches
including: (i) economic and monetary economics, (ii) labour and children
issues under globalization, (iii) integration and international finance
and (iv) dis-saving trend and economic growth. Dr Tran Thi Thanh Tu, VDF
researcher/NEU lecturer contributed a presentation on " The role of
monetary policy under economic crisis - the case of Vietnam. After
analyzing the impacts of monetary policy in Vietnam on banks and firms
in the recent time, her discussions focused on limitations of interest
support lending policy in Vietnam in the period of economic crisis and
some policy recommendations were also suggested. This conference is a
good chance for participants to share and exchange knowledge as well as
practical experiences among Asian countries and to develop VDF
networking among researchers in the field. 
On
11 May 2010, VDF was invited by the Project Management Unit of Vinh Phuc
Investment Climate Improvement Project to discuss supporting industry
promotion. Four VDF leaders and researchers, two JICA experts, and one
Hanoi University of Industry staff participated. On the Vinh Phuc side,
the chairman of PMU, the heads of DPI and DOIT, and the director of One
Stop Services Center joined. Vinh Phuc's current situation and plans
were explained, and views and comments were exchanged. Two of the
operational industrial parks, Khai Quang and Binh Xuyen, were visited.
On
18 March 2010, VDF and the National Economics University (NEU)
co-organized a symposium on “Avoiding the Middle Income Trap:
Opportunities and Challenges for Vietnam” at Nikko Hotel. More than 100
participants are from government agencies, including Government Office,
National Assembly Office, MPI, MOIT, MOF, MOLISA; research institutes;
universities; international organizations, such as World Bank, JETRO,
JICA, GTZ; and news agencies. Three presentations at the symposium focus
on three topics: economy, social and environment. The first one
presented by Prof. Kenichi Ohno, the Director of VDF, warns of Vietnam’s
risk of falling into the middle income trap unless policy formulation
and organization are innovated. To avoid the trap, Vietnam should learn
selectively from successes and failures of advanced countries like
Korea, Taiwan, Malaysia, Thailand… The second one delivered by Dr.
Giang Thanh Long, NEU lecturer/VDF researcher, indicates an emerging
challenge of aging population starting to occur from 2010. Dr. Long
confirms that this will not become a country’s burden if even from now
we prepare proper policies to ensure successful aging. These
policies include creating a roadmap to reform the pension scheme,
diversifying insurance provisions; designing social assistance scheme
towards a universal scheme, and promoting economic activities for the
elderly, etc. The last one presented by Dr. Le Ha Thanh, NEU lecturer/VDF
researcher, points out a more serious challenge of environment. From
analyses of a specific environmental policy, Governmental Decree No. 67
on industrial wastewater fees, Dr. Thanh suggests such crucial factors
to formulate a high realizable policy as stakeholders’ involvement,
especial enterprises; a clear implementing roadmap; transparence; and
monitoring and assessment mechanisms. The presentations are followed by
active discussion from economist, policy makers and donors. Generally,
discussants share the common views that policy formulation in Vietnam
should be renovated to strengthen coordination among government agencies
and dynamism of private sector; Vietnam’s growth bases on external but
not internal sources; and human resource should be the main driving
force but has not been mobilized effectively. For further information of
contents and discussion at the symposium please see the 
On
16 March 2010, Ms. Pham Thi Huyen and Ms. Do Thi Dong presented
research result on applicability of shindanshi in Vietnam. Based on the
survey on 158 SMEs and 50 business management consultants, two
researchers presented SMEs’ need of business management consultancy
service, training need of business management consultants in Vietnam and
suggestions to applicability of shindanshi in Vietnam. Participants are
representatives from organizations relating to SME development such as
AIP (MOIT), VEA (MPI), VPC (STAMEQ), SMEPC (VCCI), NEU, WDA, etc.
Participants shared their viewpoints on (1) SMEs’ need of business
management consultancy service, (ii) training need of consultants in
Vietnam, (iii) organization in charged of managing business management
consultant system in Vietnam, (iv) the training program, etc. This is
the 4th VDF workshop in the effort of enhancing the community’s
understanding of shindanshi system.
On 10
March 2010 Ms. Tran Thi Thanh Tu made a presentation on “ Impact of capital
structure on profitability – an empirical analysis of listed companies
in Vietnam”. From data of more than 400 listed companies (LCs) in the
period of 2005-2008, an econometric model was produced to test : (i)
determinants of capital structure of LCs in HOSE and HNX and (ii) impact
of capital structure on profitability of those. The key findings were
discussed: (i) the ratio of debt over total fund in both HOSE and HNX
were much higher than the long- term debt ratios, then led to liquidity
risks, (ii) the LCs in HNX has successfully experienced in using financial
leverage where as the LCs in HOSE has failure, showed by the
profitability in HNX increased while in HOSE decreased when debt ratios
raised. Some suggestions were introduced to improve the capital
structure of LCs such as: debt ratio should be decreased in HOSE and
increased in HNX, reduce the state-owned capital structure of LCs to
raise their sense of initiative in optimal capital structure planning.
Participants from State Security Commission, LCs and researchers also
proposed some issues to be kept studying in the near future.
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