MINISTRY OF EDUCATION AND TRAINING
DUY TAN UNIVERSITY
PHAM DINH DZU
IMPROVING THE COMPETITIVENESS OF FINANCIAL LEASING COMPANIES
IN VIETNAM
Major: BUSINESS ADMINISTRATION
Code: 9340101
DOCTORAL THESIS IN BUSINESS ADMINISTRATION
Scientific instructor:
1. DR. HO KY MINH
2. DR. NGUYEN VAN HUNG
DANANG, 2021
COMMITMENT
I hereby declare that this is my own research work.
The data and research results in this thesis are honest and do not overlap with other topics.
Thesis author
THANK YOU
The process of studying and researching to carry out the author's doctoral thesis has gone through a long time, with many events from family to society. To complete this thesis, the author himself has tried his best in studying and researching, to find knowledge for himself and contribute a little result in scientific research as well as application in business management.
To achieve this result, in addition to personal efforts and endeavors, the author also received a lot of help from teaching, guidance, comments and great spiritual support from lecturers, scientists, schools, family and friends.
On this occasion, the author would like to express his deep gratitude to Associate Professor, Dr. Le Duc Toan, Dr. Ho Van Nhan, Associate Professor, Dr. Nguyen Gia Nhu, Dr. Vo Thanh Hai, Dr. Nguyen Huu Phu, Associate Professor, Dr. Phan Thanh Hai, Dr. Hoang Thanh Hien, lecturers and scientists who participated in teaching and reviewing. Thank you to the staff of the postgraduate department, who are representatives of DUY TAN University.
– Da Nang, has guided, helped and supported the author enthusiastically and responsibly. I would like to express my gratitude to Dr. Ho Ky Minh and Dr. Nguyen Van Hung, who have guided and directly commented on the author's thesis through each stage, to achieve the final result. I would like to make a humble gift to my parents, to express my gratitude for giving birth and raising me. I would like to thank my virtuous wife and son, family members and friends, who have sacrificed and given me much favor during my time studying and researching.
Thank you very much!
INDEX
COMMITMENT i
ACKNOWLEDGEMENTS ii
TABLE OF CONTENTS iii
LIST OF ABBREVIATIONS vii
LIST OF FIGURES ix
LIST OF CHEMICAL TABLES
INTRODUCTION 1
1. Urgency of the topic 1
2. Research objectives and questions 2
3. Research object and scope 4
4. Research methods 4
5. Contributions of the thesis 6
6. Thesis layout 7
CHAPTER 1. OVERVIEW OF THE RESEARCH PROBLEM 9
1.1. Overview of studies on factors affecting competitiveness in general and of financial leasing companies in particular 9
1.1.1. Studies on factors affecting competitiveness 9
1.1.2. Studies on internal factors affecting the competitiveness of financial leasing companies 18
1.2. Model for measuring factors affecting the competitiveness of companies and financial leasing companies 24
1.2.1. Model of factors affecting the competitiveness of enterprises
company 24
1.2.2. Model for measuring internal factors affecting the competitiveness of financial leasing companies 29
1.3. Review of previous studies and identification of research gaps 30
Chapter 1 Conclusion 38
CHAPTER 2. THEORETICAL BASIS OF COMPETITIVENESS OF FINANCIAL LEASING COMPANIES IN VIETNAM 39
2.1. Overview of competitiveness and financial leasing 39
2.1.1. Theoretical overview of competitiveness 39
2.1.2. Financial leasing company 51
2.2. Identify factors affecting the competitiveness of financial leasing companies 53
2.3. Proposed model and measurement of variables in the model 65
2.3.1. Proposed model 65
2.3.2. Hypothesis in research 67
2.3.3. Measuring variables in model 68
Chapter 2 Conclusion 80
CHAPTER 3. RESEARCH DESIGN 81
3.1. Research methods and procedures 81
3.1.1. Research methods 81
3.1.2. Research process 81
3.2. Qualitative research 83
3.2.1. Data sources and collection methods 83
3.2.2. Survey subjects and research samples 84
3.2.3. Process and methods of qualitative data analysis 84
3.3. Quantitative research 86
3.3.1. Data sources and collection methods 86
3.3.2. Survey subjects and research samples 86
3.3.3. Process and method of quantitative data analysis 88
Chapter 3 Conclusion 94
CHAPTER 4. RESULTS AND DISCUSSION 95
4.1. Preliminary research results 95
4.1.1. Qualitative research results 95
4.1.2. Discussion of qualitative research results 96
4.2. Official research results 100
4.2.1 Quantitative research results 100
4.2.2. Discussion of quantitative research results 110
4.3. Current status of competitiveness of financial leasing companies in Vietnam in recent times 113
4.3.1. Overview of the establishment of financial leasing companies in Vietnam 113
4.3.2. Products in financial leasing in Vietnam 115
4.3.3. Contracts and important principles in financial leasing 117
4.3.4. List of financial leasing companies in Vietnam 118
4.3.5. Synthesize and analyze the business performance of representative financial leasing companies 118
4.3.6. The role of financial leasing companies in Vietnam's economic development 120
4.3.7. Capital needs of enterprises and potential for financial leasing development in Vietnam 126
Chapter 4 Conclusion 127
CHAPTER 5. CONCLUSION AND POLICY IMPLICATIONS 128
5.1. Assessments and basis for policy implications 128
5.1.1. Impacts on Vietnam's economy 128
5.1.2. Assessing the potential of the financial leasing industry in Vietnam 131
5.1.3. According to the Government's strategy for developing credit institutions to 2025, with a vision to 2030 134
5.1.4. Evaluation of influencing factors 135
5.2. Policy implications 139
5.2.1. For Human Resources (NL) factor 140
5.2.2. For Financial factor (TC) 141
5.2.3. For the Management and Operations factor (QT) 142
5.2.4. For the Service Quality factor (CL) 143
5.2.5. For the Scale – Network factor (QM) 144
5.2.6. For the Price factor (GC) 145
5.2.7. For Product – Service (SP) factor 146
5.2.8. For Brand factor (TH) 147
5.2.9. For Marketing factor (MK) 148
5.2.10. For Risk Management (RR) factor 149
5.3. Limitations of the thesis and future research directions 150
CONCLUSION 152
LIST OF AUTHOR'S RESEARCH WORKS REFERENCES
APPENDIX
LIST OF ABBREVIATIONS
STT
Abbreviations | Interpret | |
1 | ACBL | Asia Commercial Bank Leasing Company Limited Limited) |
2 | ALC I | (Agribank no.1 Leasing Company) CTTC Company I Bank for Agriculture and Rural Development Vietnam |
3 | ALC II | (Agribank no.2 Leasing Company) CTTC Company II Bank for Agriculture and Rural Development Vietnam |
4 | BIDVLC | Investment Bank Leasing Company |
5 | CTTC | Financial leasing |
6 | CTTC LLC MTV | Financial leasing Limited liability One member pill |
7 | SMEs | Small and Medium Enterprises |
8 | DN | Business |
9 | EU | (European Union) European Union |
10 | GCI | (The Global Competitiveness Index) global competitiveness |
11 | GDP | Gross domestic product |
12 | ICBLC | Industrial and Commercial Bank Leasing Company |
13 | KVLC | Kexim Vietnam Financial Leasing Company |
14 | State Bank of Vietnam | State Bank |
15 | Commercial Bank | Commercial Bank |
NLCT | Competitiveness | |
16 | ODA | Official Development Assistance Fund |
17 | OECD | Organization for Economic Cooperation and Development) Organization for Economic Cooperation and Development |
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