AN ANALYSIS OF INVESTMENT DEMAND AND THE DEVELOPMENT TREND OF NON-STATE ENTERPRISES IN VIETNAM
This paper studies the investment situation, investment demand, and identification of development trends of non-state enterprises in Hanoi, Vietnam, using the partially adjusted demand model and enterprise identification theory as research approaches. The results show that business efficiency, ente...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
FINTECH Alliance LLC
2025-02-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/4564 |
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| Summary: | This paper studies the investment situation, investment demand, and identification of development trends of non-state enterprises in Hanoi, Vietnam, using the partially adjusted demand model and enterprise identification theory as research approaches. The results show that business efficiency, enterprise growth, and enterprise size are the main factors affecting the choice of capital structure for Hanoi non-state enterprises. Due to capital constraints, most of the machinery and equipment of non-state enterprises in Hanoi, Vietnam, have a long usage age. The investment demand of non-state enterprises depends more on revenue growth than on the investment scale of previous years. The long-term and short-term investment elasticity are 2.55 and 2.18, respectively, corresponding to the adjustment coefficient δ= 0.8584. Finally, the research results show that the non-state enterprises in Hanoi, Vietnam, have shown slight signs of development or growth. The main factor contributing to the growth of non-state enterprises is the scale of employment rather than investment accumulation. Through the analysis, the paper comes to the following important conclusions: The factors, total assets, total number of employees, labour qualifications, input supply, business sector, level of competition in the market, and level of risk are factors affecting the business results in terms of revenue and profit of non-state enterprises in Hanoi, Vietnam.
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| ISSN: | 2306-4994 2310-8770 |