Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemic

The article analyses the impact of the COVID-19 pandemic on the financial state of enterprises in the fish and seafood processing industry in Vietnam. The most important condition for maintaining stable development is effective financial management of the enterprise. During the pandemic, when demand...

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Main Author: T. H. Pham
Format: Article
Language:English
Published: Publishing House of the State University of Management 2021-06-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/2845
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author T. H. Pham
author_facet T. H. Pham
author_sort T. H. Pham
collection DOAJ
description The article analyses the impact of the COVID-19 pandemic on the financial state of enterprises in the fish and seafood processing industry in Vietnam. The most important condition for maintaining stable development is effective financial management of the enterprise. During the pandemic, when demand decreased, this led to a reduction in supply. The state of imports and exports was difficult due to the lack of human resources due to the health situation, the closure of the country's borders. This circumstance has seriously affected production, and, consequently, the financial situation of fish and seafood processing enterprises. The paper concludes that the financial management system of these enterprises should be aimed at their effective use in the face of emerging problems. The author proposes solutions for increasing the financial resources of enterprises.
format Article
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institution Kabale University
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publisher Publishing House of the State University of Management
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series Вестник университета
spelling doaj-art-47b5af09ae16485183d7b82919ed42512025-02-04T08:28:08ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-06-010417017310.26425/1816-4277-2021-4-170-1732033Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemicT. H. Pham0State University of ManagementThe article analyses the impact of the COVID-19 pandemic on the financial state of enterprises in the fish and seafood processing industry in Vietnam. The most important condition for maintaining stable development is effective financial management of the enterprise. During the pandemic, when demand decreased, this led to a reduction in supply. The state of imports and exports was difficult due to the lack of human resources due to the health situation, the closure of the country's borders. This circumstance has seriously affected production, and, consequently, the financial situation of fish and seafood processing enterprises. The paper concludes that the financial management system of these enterprises should be aimed at their effective use in the face of emerging problems. The author proposes solutions for increasing the financial resources of enterprises.https://vestnik.guu.ru/jour/article/view/2845financial managementfinancial resourcescovid-19 pandemicfish and seafood processing industriesstate of exportsstate of importsfinancial statefinancial stabilitysolvency
spellingShingle T. H. Pham
Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemic
Вестник университета
financial management
financial resources
covid-19 pandemic
fish and seafood processing industries
state of exports
state of imports
financial state
financial stability
solvency
title Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemic
title_full Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemic
title_fullStr Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemic
title_full_unstemmed Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemic
title_short Financial management of fish and seafood processing enterprises in Vietnam during the COVID-19 pandemic
title_sort financial management of fish and seafood processing enterprises in vietnam during the covid 19 pandemic
topic financial management
financial resources
covid-19 pandemic
fish and seafood processing industries
state of exports
state of imports
financial state
financial stability
solvency
url https://vestnik.guu.ru/jour/article/view/2845
work_keys_str_mv AT thpham financialmanagementoffishandseafoodprocessingenterprisesinvietnamduringthecovid19pandemic