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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Format: | Article |
Language: | English |
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Publishing House of the State University of Management
2021-06-01
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Series: | Вестник университета |
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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 |
id | doaj-art-47b5af09ae16485183d7b82919ed4251 |
institution | Kabale University |
issn | 1816-4277 2686-8415 |
language | English |
publishDate | 2021-06-01 |
publisher | Publishing House of the State University of Management |
record_format | Article |
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 |