Factors affecting the ability to access bank credit of enterprises listed on the stock market - 6

Listed enterprises in recent years have difficulty accessing credit capital from commercial banks due to many reasons, of which the main reason is that commercial banks do not trust these enterprises. Therefore, in order to increase the trust of commercial banks, listed companies must establish their own creditworthiness, specifically:

– Strictly comply with the provisions of the State and the law in production and business activities.

– Increase the accuracy and truthfulness of financial statements, implement the accounting bookkeeping regime as prescribed.

 – Increase accumulation and increase investment to increase financial capacity, gradually meet the conditions for accessing bank credit capital.

– Make the most of the existing comparative advantages of each enterprise to focus on developing production and business, building a medium and long-term business strategy.

– Focusing on research and innovation of machinery, equipment and technology to make a breakthrough in improving product quality and lowering product costs.

– Strengthening the link between businesses and consumers to capture feedback on products, 1

– Strengthening the link between businesses and consumers to capture feedback on products, thereby perfecting products and services according to customers’ requirements, improving the competitiveness of businesses, capturing gain market share to help stabilize the production and business situation.

– It is necessary to learn and apply financial tools to prevent risks in the modern market economy such as insurance, forward contracts, options, swaps… to manage price fluctuations. interest rates, exchange rates, etc. affect the business results of enterprises.

– It is necessary to join business associations according to their industry in order to exchange and learn management experiences of successful enterprises in the same field, promote trade exchanges and take advantage of the protection of other businesses. Association under competitive pressure.

4.1.2. Develop feasible production and business projects and plans

Currently, most of the projects and plans built by enterprises have not met the requirements of the appraisal. The low quality of projects and plans is a big obstacle that makes it difficult for businesses to access capital from commercial banks. Therefore, businesses must actively access information about the market to build investment projects in competitive products. The project must be carefully prepared, providing enough information to present to the commercial bank about its feasibility and reliability. It is necessary to enlist consulting services or support from experts to be able to build highly convincing business plans and projects.

Enterprises need to be proactive in building projects and investment methods in accordance with their capital, technology and human capacity. Especially, it is necessary to be transparent about financial issues to use resources more efficiently, reduce costs and risks for both businesses and banks.

In addition, businesses must also prepare and implement other provisions in the loan application such as: completing documents proving ownership of assets so that the business is eligible for mortgage or pledge when applying for a loan. Borrowing from banks, guaranteeing loan performance, registering insurance transactions, using capital for the right purposes, repaying principal and interest on time…

4.2. To the credit institutions

4.2.1. Diversify credit products

First of all, banks need to quickly develop products in a synchronous manner, while increasing the mobilization of resources, facilitating the provision of capital for businesses, and at the same time developing binding products, creating conditions for businesses to Lack of conditions on collateral can still borrow capital.

The combination of many products and services provided to businesses is also one of the bases to lower lending rates, support enterprises to manage more effectively, grasp market conditions more fully, more timely.

Banks can also increase their access to official funding sources or through programs and projects of organizations, creating sources with low interest rates…

Besides, it is possible to consider debt restructuring, debt rescheduling, credit incentives for business enterprises, if these enterprises can prove the sources of revenue to repay bank loans; develop a form of finance lease to help enterprises quickly innovate technology.

4.2.2. Improve the quality of appraisal work

Appraisal is a very important step that affects the lending decision and also affects the efficiency of the capital that the bank spends. The quality of the input appraisal is the decisive factor for the output credit quality in the future. In order to accurately assess financial capacity, debt repayment ability, debt repayment source through indicators on financial statements such as solvency, profitability, etc., combined with the parameters and results of the financial statements. enterprises in the same industry, of traditional enterprises.

Organize research, information gathering, interviews, business visits… thereby assessing the business management ability of business leaders through organizational capacity, professional qualifications as well as prestige. The credit of the leader is a qualitative standard, so it is necessary to have the sophistication of the credit officer to be able to make an accurate assessment.

Credit officers should learn more about other areas such as technical appraisal, machine specifications and quality, so that they can detect potential risks. hidden…


In chapter 4, the author has proposed some suggestions to help improve the access to bank credit of listed companies. These suggestions include:

– On the side of listed companies: improve production and business efficiency, increase the credit rating of listed companies; to develop feasible production and business projects and plans

– For credit institutions: diversify credit products; improve the quality of appraisal work.


This study achieved two goals set out at the outset. The study has identified 7 main factors affecting the ability to access bank credit of listed companies including: number of years of operation of the company, revenue growth, growth of fixed assets, no profitability, large company size, gender of the owner is female, has a bank account. The study also uses correlation and regression methods to determine the direction of the impact of the above factors on the ability to access credit of listed companies. From the results obtained, the author has made some suggestions to improve the access to bank credit of listed enterprises in particular and of Vietnamese enterprises in general.

The study also has some limitations. The study only surveyed enterprises in the communication technology industry, the service industry, the accommodation industry, the manufacturing industry, the mining industry (oil and gas), the commerce industry, the construction industry and real estate. Due to limited time, it is necessary to have repeat studies for businesses in other industries that are not included in the study and to add other factors affecting the ability to access bank credit. compare and build more efficient models for the whole market. From there, companies in other industries can apply the model to draw their own specific solutions to improve access to bank credit. This is the direction of further research.


I. Vietnamese

1. Vietnam Development Forum & National Economics University (2012), Impact of monetary policy and global economic recession on Vietnamese enterprises’ ability to access capital and do business .

2. Hoang Trong & Chu Nguyen Mong Ngoc (2005), Research data analysis with SPSS, Statistical Publishing House.

3. GED Entrepreneur Academy (2013), Five issues of listed companies 2012. http://doanhnhan.edu.vn/5-van-de-cua-cac-doanh-nghiep-niemyet-nam 2012/. Updated on 13/08/2013.

4. Nguyen Thi Canh (2005), Methods and methodology of economic scientific research, National University Publishing House, Ho Chi Minh City. HCM.

5. At the financial magazine (2013), Vietnam’s economic situation in July and the first 7 months of 2013.

6. General Statistics Office (2013), Socio-economic situation in 2012.

7. State Securities Commission (2012), Current situation of Vietnam’s stock market, policy recommendations.

8. State Securities Commission (2013), Portal, http://www.ssc.gov.vn, updated 15/08/2013.

9. Vietnamnet (2012), In 2012, credit growth was at a record low of 7%, http://vietnamnet.vn/vn/ Kinh-te/102903/nam-2012–tin-dung-tang-thap-ky- luc7-.html, updated 12/08/2013.

II. English

10.Aghion, P., Bolton, P. (1992), An incomplete contracts approach to financial contracting. Review of Economic Studies 59, 473–494.

11.Allen, L. (1987), The Credit Rationing Phenomenon: A Survey of The Literature. Salomon Brothers Center for the Study of Financial Institutions, Graduate School of Business Administration, New York University.

12.Beck, T., Levine, R. (2002), Industry growth and capital allocation: does having a market or bank-based system matter? Journal of Financial Economics 64 (2), 147–180.

13.Berger, A., Udell, G. (2002), Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure, Economic Journal.

14.Besanko, D., Thakor, A. (1987), Collateral and rationing: sorting equilibria in monopolistic and competitive credit markets. International Economic Review 28 (3), 671–689.

15.Bester, H. (1987), The role of collateral in credit markets with imperfect information. European Economic Review 31 (4), 887–899.

16.Cole, R. (1998), The importance of relationships to the availability of credit. Journal of Banking and Finance 22, 959–977.

17.Hongjiang Zhao, Wenxu Wu và Xuehua Chen (2006) “What Factors Affect Small and Medium-sized Enterprise’s Ability to Borrow from Bank: Evidence from Chengdu City, Capital of South-Western China ‘s Sichuan Province”

18.Konstantinos. Drakos và Nicholas Giannakopoulos (2011) “On the determinants of credit rationing: Firm-level evidence from transition countries”. Journal of International Money and Finance, 1773-1790

19.Levenson, A., Willard, K. (2000), Do firms get the financing they want?. Measuring credit rationing experienced by small business in the US. Small Business Economics 14, 83–94.

20.Yuko Nikaido, Jesim Pais, Mandira Sarma (2012) “Determinants of Access to Institutional Credit for Small Enterprises in India”


Select sample size from a given population

Overall Templates Overall Templates Overall Template
10 10 220 140 1200 291
15 14 230 144 1300 297
20 19 240 148 1400 302
25 24 250 152 1500 306
30 28 260 155 1600 310
35 32 270 159 1700 313
40 36 280 162 1800 317
45 40 290 165 1900 320
50 44 300 169 2000 322
55 48 320 175 2200 327
60 52 340 181 2400 331
65 56 360 186 2600 335
70 59 380 191 2800 338
75 63 400 196 3000 341
80 66 420 201 3500 346
85 70 440 205 4000 351
90 73 460 210 4500 354
95 76 480 214 5000 357
100 80 500 217 6000 361
110 86 550 226 7000 364
120 92 600 234 8000 367
130 97 650 242 9000 368
140 103 700 248 10000 370
150 108 750 254 15000 375
160 113 800 260 20000 377
170 118 850 265 30000 379
180 123 900 269 40000 380
190 127 950 274 50000 381
200 132 1000 278 75000 382
210 136 1100 285 1000000 384

Maybe you are interested!

Source: Krejcie &. Morgan, 1970



Number Stock Code Name of listing organization
1 ARM Aviation Import Export Joint Stock Company
2 CMG CMC Technology Group Joint Stock Company
3 COM Petrol Supplies Joint Stock Company
4 HAX Hang Xanh Automobile Service Joint Stock Company
5 NAV Nam Viet Joint Stock Company
6 PXI Industrial Construction JSC & Civil Petroleum
7 PXM Central Oil and Gas Construction Joint Stock Company
8 VCM Human Resources JSC & Trade Vinaconex
9 SHIPPING Saigon Hotel Joint Stock Company
10 ASA SANA WMT . Joint Venture Joint Stock Company
11 MCC Premium Brick and Tile Joint Stock Company
12 SDE Song Da Electrical Engineering Joint Stock Company
13 SDS Song Da Investment and Construction Joint Stock Company
14 VLA Investment JSC & Van Lang Technology PT
15 PVE Petroleum Design Consultancy Corporation – JSC
16 SD4 Song Da 4 Joint Stock Company
17 PXL Petroleum Trading Construction Investment Joint Stock Company – IDICO
18 AAA JSC Plastic & An Phat Green Environment
19 DAD Investment JSC & Da Nang Education College
20 TCL Tan Cang Loading and Forwarding Agent Joint Stock Company
21 TMX VICEM Cement Trading Joint Stock Company
22 NNC Small Mountain Stone Joint Stock Company
23 NVT Ninh Van Bay Tourism Real Estate Joint Stock Company
24 BLF Bac Lieu Seafood Joint Stock Company
25 VAT Van Xuan Telecommunication Joint Stock Company
26 HGM JSC Mechanical & Ha Giang Minerals
27 MDG Mien Dong Joint Stock Company
28 CJC Central Electromechanical Joint Stock Company
29 SD1 Song Da 1 Joint Stock Company
30 CX8 JSC Investment & Construction Constrexim No. 8
31 ACL Cuu Long An Giang Seafood Import-Export Joint Stock Company
32 HEV University and Vocational Books Joint Stock Company
33 LBE Book JSC & Long An School Equipment
34 SED Investment JSC & Southern Education PT
36 S91 Song Da JSC 9.01
37 S64 Song Da Joint Stock Company 6.04
38 SJC Song Da JSC 1.01
39 NG Song Da Joint Stock Company 10.1
40 SSS Song Da Joint Stock Company 6.06
41 STP Song Da Industrial Trading Joint Stock Company
42 VCH ONLY Construction Investment Joint Stock Company & Infrastructure Development
43 VHL Viglacera Ha Long Joint Stock Company
44 VE9 VNECO Construction And Investment Joint Stock Company 9
45 INN JSC Packaging & Agriculture Printing
46 TLC Thang Long Telecommunication Joint Stock Company
47 MEC Someco Song Da Joint Stock Company
48 S55 Song Da Joint Stock Company 505
49 SGC Sa Giang Import Export Joint Stock Company
50 B82 Joint Stock Company 482
51 CSC JSC Investment & Construction of Thanh Nam
52 DC4 DIC Joint Stock Company No. 4
53 HUT Tasco . JSC
54 OCH ONLY JSC Hotel & Ocean Service
55 BSC Ben Thanh Service Joint Stock Company
56 KTT Equipment Investment JSC & Thien Dien Construction School
57 BHV Viglacera Ba Hien JSC
58 SZL Sonadezi Long Thanh Joint Stock Company
59 SJS Urban Development Investment Joint Stock Company & Song Da Industrial Park
60 VE1 Vneco Electricity Construction Joint Stock Company 1
61 CMT Network Technology JSC & The media
62 SRB Sara . Group Joint Stock Company
63 INC IDICO Investment Consulting JSC
64 V12 No.12 Construction Joint Stock Company
65 AMV Pharmaceutical Manufacturing & Trading Joint Stock Company & Vietnam American Medical Center
66 HBD Binh Duong PP Packaging Joint Stock Company
67 DCC Industrial Construction Joint Stock Company
68 SGT Saigon Telecommunications Technology Joint Stock Company
69 SDY Song Da Cement Joint Stock Company Yaly
70 NVN Vietnam House Joint Stock Company
71 AAM Mekong Seafood Joint Stock Company
72 NKG Nam Kim Steel Joint Stock Company
73 QCC JSC Construction & Postal Service Development Quang Nam
74 MMC Manganese Mineral Joint Stock Company
75 SSM Vneco.SSM . Steel Structure Manufacturing Joint Stock Company
76 LGL Investment JSC & Long Giang Urban PT
77 HVX Vicem Hai Van Cement Joint Stock Company
78 FLC FLC Group Joint Stock Company
79 TSC Can Tho Agricultural Engineering Materials Joint Stock Company
80 VCF Vinacafe Bien Hoa JSC
81 VLF Vinh Long Food Joint Stock Company
82 VNL Logistics & Transport Joint Stock Company & Commerce
83 VSC Vietnam Container Joint Stock Company
84 AGF An Giang Seafood Import-Export Joint Stock Company
85 HNM Hanoi Dairy Joint Stock Company
86 LCG Licogi Joint Stock Company 16
87 VGP Vegetable Port Joint Stock Company
89 GIL Production and Business Joint Stock Company & Binh Thanh Import-Export
90 ST8 Sieu Thanh Joint Stock Company
91 KHP Khanh Hoa Power Joint Stock Company
92 BCI Binh Chanh Construction Investment Joint Stock Company
93 D2D Industrial Urban Development Joint Stock Company No. 2
94 HAS Hacisco JSC
95 BKC Bac Kan Mineral Joint Stock Company
96 FPC Full Power Joint Stock Company
97 TJC Transport Services JSC & Commerce
98 TV2 2 . Electrical Construction Consulting Joint Stock Company
99 V15 Construction Joint Stock Company No. 15
100 BBC Bibica JSC
101 S99 Song Da Joint Stock Company 909
102 MHC Hanoi Maritime Joint Stock Company
103 SHIPPING Son Ha International Joint Stock Company
104 AGD Go Dang JSC
105 SFC Saigon Fuel Joint Stock Company
106 HTL Engineering JSC & Truong Long Auto
107 PAN Trans-Thai Binh Joint Stock Company
108 DCL Cuu Long Pharmaceutical Joint Stock Company
109 DHC Dong Hai Ben Tre Joint Stock Company
110 DMC Domesco Medical Import Export Joint Stock Company
111 DTL Dai Thien Loc Joint Stock Company
112 HVG Hung Vuong Joint Stock Company
113 SAM JSC Investment & Sacom Development
114 SRF Refrigeration Technology Joint Stock Company
115 LM8 Lilama Joint Stock Company 18
116 GLT Global Electrical Engineering Joint Stock Company
117 DBC Dabaco Vietnam Group Joint Stock Company
118 ELC Electronic – Telecom Technology Development Investment Joint Stock Company Pine
119 HOUSE Vicem Hoang Mai Cement Joint Stock Company
120 AME Alphanam Electromechanical Joint Stock Company
121 VC3 Construction Joint Stock Company No. 3
122 Architects Kon Tum Sugar Joint Stock Company
123 LAF Long An Export Processing Joint Stock Company
124 MSN Masan Group Joint Stock Company
125 VNH Viet Nhat Seafood Joint Stock Company
126 CCI Cu Chi Trade and Industry Development Investment Joint Stock Company
127 TNA Thien Nam Import-Export Trading Joint Stock Company
128 RIC Royal International Joint Stock Company
129 C21 21st Century Joint Stock Company
130 TCR Taicera Ceramics Industry Joint Stock Company
131 PPI Infrastructure Development JSC & Thai Binh Real Estate positive
132 QCG Quoc Cuong Gia Lai Joint Stock Company
133 SD8 Song Da 8 Joint Stock Company
134 VC7 Construction Joint Stock Company No. 7
135 L43 Lilama Joint Stock Company 45.3
136 LO5 Lilama Joint Stock Company 5
137 BPC Bim Son Packaging Vicem Joint Stock Company
138 HPG Hoa Phat Group Joint Stock Company
139 TDW Thu Duc Water Supply Joint Stock Company
140 SFI SAFI . Transport Agent Joint Stock Company
141 IFS International Food Joint Stock Company
142 CLW Cho Lon Water Supply Joint Stock Company
143 VC6 Vinaconex Joint Stock Company 6
144 VTV VICEM Cement Transport Supplies JSC
145 VDL Lam Dong Food Joint Stock Company
146 TST Telecommunication Technical Services Joint Stock Company
147 GMD Union Shipping Agency Joint Stock Company
148 SD5 Song Da Joint Stock Company 5
149 HOT Hoi An Tourism Service Joint Stock Company
150 TDH Thu Duc Housing Development Joint Stock Company
151 VNG Vietnam Golf Tourism Joint Stock Company
152 VE2 Vneco 2 . Electrical Construction Joint Stock Company
153 ECI Educational Maps And Pictures JSC
154 FDC Foreign Trade Joint Stock Company & Ho Chi Minh City Tel
155 D11 Real Estate Joint Stock Company 11
157 TET Northern Textile and Garment Joint Stock Company
158 PXT Petroleum Tank Pipeline Construction Joint Stock Company
159 VE3 VNECO 3 Electrical Construction Joint Stock Company
160 VKP Tan Hoa Plastic Joint Stock Company
161 VNF Foreign Trade Transport Joint Stock Company
162 MDC Mong Duong Coal Joint Stock Company – Vinacomin
163 BBS But Son Packaging VICEM JSC
164 CTB Hai Duong Pump Manufacturing Joint Stock Company
165 DCS Dai Chau Group Joint Stock Company
166 DNP Dong Nai Plastic Joint Stock Company
167 DZM Dzi An Machine Manufacturing Joint Stock Company
168 NGC Ngo Quyen Seafood Export Processing Joint Stock Company
169 POT Postal Equipment Joint Stock Company
170 SJ1 Seafood Joint Stock Company No. 1
171 DBT Ben Tre Pharmaceutical Joint Stock Company
172 KMT Central Metal Joint Stock Company
173 TAG Tran Anh Digital World Joint Stock Company
174 RHC Ry Ninh II Hydropower Joint Stock Company
175 MAC JSC Supply & Marine Engineering Service
176 LUT Luong Tai Construction Investment Joint Stock Company
177 NHW Ngo Han Joint Stock Company
178 SAV Economic Cooperation JSC & Savimex Import-Export
179 SD6 Song Da 6 Joint Stock Company
180 XMC JSC Concrete & Construction Vinaconex Xuan Mai
181 PXS Metal Structure JSC & Oil and Gas Engine Installation
182 TMS Transimex-SaiGon JSC
183 PVX PetroVietnam Construction Joint Stock Corporation
184 DISCIPLINE Khanh Hoi Import Export Joint Stock Company
185 L14 Licogi Joint Stock Company 14
186 TIX Joint Stock Company Import Export Services & Tan Binh Tel
187 TLG Thien Long Group Joint Stock Company
188 LCD Lilama Experimental Electromechanical Joint Stock Company
189 DHA Hoa An Joint Stock Company
190 S12 Song Da Joint Stock Company 12
191 SD2 Song Da 2 Joint Stock Company
192 TS4 No.4 Seafood Joint Stock Company
193 TNG TNG Trading And Investment Joint Stock Company
194 VBH Binh Hoa Electronics Joint Stock Company
195 L44 Lilama Joint Stock Company 45.4
196 TV3 3 . Electrical Construction Consulting Joint Stock Company
197 SC5 Construction Joint Stock Company No. 5
198 TXM VICEM Cement Gypsum Joint Stock Company
199 LM7 Lilama 7 . JSC
200 REE Refrigeration Mechanical and Electrical Joint Stock Company
201 ABT Ben Tre Seafood Import-Export Joint Stock Company
202 VC9 Construction Joint Stock Company No. 9
203 PTC JSC Investment & Post Office Construction
204 TV4 4 . Electrical Construction Consulting Joint Stock Company
206 LHC Investment JSC & Lam Dong Irrigation Construction
207 CSM Southern Rubber Industry Joint Stock Company
208 STT Saigon Tourist Transport Joint Stock Company
209 PJT Petrolimex Waterway Petroleum Transport Joint Stock Company
210 CDC Chuong Duong Joint Stock Company
211 HDC Ba Ria – Vung Tau House Development Joint Stock Company
212 HU3 JSC Investment & Building HUD3
213 SD7 Song Da 7 Joint Stock Company
214 SSC Southern Seed Joint Stock Company
215 STG Southern Logistics Joint Stock Company
216 TPH Textbook Printing JSC in Hanoi City
217 TCS Cao Son Coal Joint Stock Company – Vinacomin
218 NTL Tu Liem Urban Development Joint Stock Company
219 CIG COMA Joint Stock Company 18
220 VC5 Construction Joint Stock Company No. 5
221 VC1 Construction Joint Stock Company No. 1
222 WCS Western Bus Station Joint Stock Company
223 CAP Yen Bai Forestry Products Food Joint Stock Company
224 VC2 Construction Joint Stock Company No. 2
225 CMC CMC Investment Joint Stock Company
226 TCM Thanh Cong Textile – Telephone – Trading Joint Stock Company
227 QHD Viet Duc Electric Welding Rod Joint Stock Company
228 HT1 Ha Tien Cement Joint Stock Company 1
229 BTH Transformer Manufacturing JSC & Electrical Materials Interior
230 VFR Shipping and Chartering Joint Stock Company
231 LASI Lam Thao Superphosphate And Chemical Joint Stock Company
232 L18 Investment and Construction Joint Stock Company No. 18
233 L61 Lilama Joint Stock Company 69.1
234 LM3 Lilama 3 Joint Stock Company
235 HAP Hapaco Group Joint Stock Company
236 L10 Lilama Joint Stock Company 10
237 TDN Deo Nai Coal Joint Stock Company – Vinacomin
238 BT6 Beton 6 . Joint Stock Company
239 CAN Ha Long Canned Food Joint Stock Company
240 MCG Electromechanical JSC & Vietnam Construction (MECO)
241 CT6 6 . Construction Joint Stock Company
242 TC6 Coal Coal Joint Stock Company – Vinacomin

Download pdf, tải về file docx

Date published: 01/11/2021

Gửi tin nhắn

Đồng ý Chính sách bảo mật *