MINISTRY OF EDUCATION AND TRAINING
UNIVERSITY OF COMMERCE
----------------------------
HO THUY TRANG
BUSINESS PERFORMANCE OF ONE-MEMBER LIMITED LIABILITY COMPANY
NGUYEN VAN TROI FORESTRY, TUYEN QUANG
MASTER'S THESIS IN ECONOMICS
HANOI, 2021
MINISTRY OF EDUCATION AND TRAINING
UNIVERSITY OF COMMERCE
----------------------------
HO THUY TRANG
BUSINESS PERFORMANCE OF ONE-MEMBER LIMITED LIABILITY COMPANY
NGUYEN VAN TROI FORESTRY, TUYEN QUANG
MAJORITY: BUSINESS ADMINISTRATION CODE: 8340101
MASTER'S THESIS IN ECONOMICS
SCIENTIFIC INSTRUCTOR: DR. PHAM TRUNG TIEN
HANOI, 2021
I hereby declare that: This master's thesis is my personal research work, conducted on the basis of theoretical research, survey of practical situations and under the scientific guidance of Dr. Pham Trung Tien.
The figures, tables and results in the thesis are honest, the contributions are based on practice and experience, the research results in the thesis are honest and have not been published in any other research work.
Once again, I would like to confirm the honesty of the above commitment.
Student Ho Thuy Trang |
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To complete my master's thesis as well as my graduate program, besides my own efforts, I also have the enthusiastic help of my teachers as well as the encouragement of my family and friends who have encouraged and supported me throughout the past time.
In particular, the author also expresses his sincere and deepest gratitude to Dr. Pham Trung Tien , who guided and helped me during the process of writing the thesis " Business efficiency of Nguyen Van Troi Forestry One Member Co., Ltd., Tuyen Quang ".
In addition, the author would like to thank all the staff working at Nguyen Van Troi Forestry One Member Co., Ltd., Tuyen Quang for creating all the conditions for me to complete this thesis.
Although there have been many attempts to complete the thesis, errors are inevitable. The author hopes to receive comments to improve the thesis.
Thank you very much!
Hanoi, date month year Thesis author
Ho Thuy Trang
INDEX
TABLE OF CONTENTS i
LIST OF ABBREVIATIONS vi
LIST OF TABLES vii
LIST OF DRAWINGS ix
INTRODUCTION 1
1. Urgency of the topic 1
2. Overview of research related to topic 2
3. Research objectives and tasks 6
4. Research objects, scope and objectives 6
5. Research methods 7
6. Scientific and practical significance of the topic 9
7. Topic structure 9
Chapter 1 THEORETICAL BASIS OF BUSINESS PERFORMANCE OF ENTERPRISES 10
1.1. Concept of business and business efficiency 10
1.1.1. Concept of business 10
1.1.2. Concept of business efficiency 10
1.2. Basic characteristics and the need to improve business efficiency of forestry enterprises 11
1.2.1. Basic characteristics of production and business of forestry enterprises 11
1.2.2. The need to improve business efficiency of forestry enterprises.14
1.3. System of indicators to evaluate business performance of enterprises 15
1.3.1. General business performance indicators 15
1.3.2. Business performance indicators of department 16
1.3.3. Indicators reflecting payment ability 19
1.3.4. Indicators reflecting the management of receivables and inventories 20
1.4. Factors affecting business performance of enterprises 21
1.4.1. Subjective factors group 21
1.4.2. Objective factor group 23
CHAPTER 2: BUSINESS PERFORMANCE OF NGUYEN VAN TROI FORESTRY ONE MEMBER CO., LTD 27
2.1. Overview of Nguyen Van Troi Forestry Company Limited 27
2.1.1. History of formation and development of the company 27
2.1.2. Business lines of the company 28
2.1.3. Main products and services of the company 29
2.1.4. Characteristics of the company's management structure 29
2.1.5. The Company's production and business results in the 3 years 2017-2019 32
2.2. Current status of business resources of Nguyen Van Troi Forestry One Member Co., Ltd. 35
2.2.1. Labor force 35
2.2.2. Land and forest resources of the company 37
2.2.3. Company assets 38
2.2.4. Company capital 41
2.2.5. Company's technological process 44
2.3. Business performance of Nguyen Van Troi Forestry Company Limited...49 2.3.1. Overall business performance of the company 49
2.3.2. Business performance indicators of department 55
2.3.3. Indicators reflecting the payment capacity of Nguyen Van Troi Forestry One Member Co., Ltd. 66
2.3.4. Indicators reflecting the management of receivables and inventories 69
2.4. Some factors affecting the business performance of Nguyen Van Troi Forestry One Member Co., Ltd. 72
2.4.1. Objective factors 72
2.4.2. Subjective factors 75
2.5. General assessment of business performance of Nguyen Van Troi Forestry One Member Co., Ltd. 77
2.5.1. Results achieved 77
2.5.2. Difficulties, limitations and causes 79
CHAPTER 3 SOME SOLUTIONS TO IMPROVE BUSINESS EFFICIENCY OF NGUYEN VAN TROI FORESTRY ONE MEMBER CO., LTD. 82
3.1. Viewpoints and orientations to improve business efficiency of Nguyen Van Troi Forestry One Member Co., Ltd. 82
3.1.1. General development perspective and orientation of the company 82
3.1.1.1. Viewpoint 82
3.1.2. Company development goals 83
3.2. Some solutions to improve business efficiency at Nguyen Van Troi Forestry One Member Co., Ltd. in the coming time 84
3.2.1. Improving the company's financial autonomy 84
3.2.2. Improving the efficiency of working capital use 85
3.2.3. Improving the efficiency of using fixed capital and fixed assets 88
3.2.4. Diversify forms of capital mobilization 89
3.2.5. Streamlining the apparatus and improving the working capacity of the workforce 90
3.2.6. Market development, business network expansion 92
CONCLUSIONS AND RECOMMENDATIONS 94
REFERENCES APPENDIX
LIST OF ABBREVIATIONS
TT
Acronym | Write in full | |
1 | Unit | Unit of measure |
2 | ROA | Return on assets |
3 | ROE | Return on equity |
4 | ROS | Profit margin on sales |
4 | Production and business | Production and business |
6 | LLC | Single Member Limited Liability |
Fixed assets | Fixed assets | |
7 | VLĐ | Working capital |
8 | VCĐ | Fixed capital |
9 | VCSH | Equity |
10 | People's Committee | People's Committee |
11 | θ BQ , TĐDPTBQ | Average growth rate |
12 | θ LH, TĐDPTLH | Continuous development speed |