Hue University Journal of Science: Economics and Development

Identifying the barriers of private economic sector development in Dak Lak Province

2026-06-01T07:38:44+07:00

The private economic sector plays an increasingly important role in socio-economic development in Dak Lak province, particularly in capital mobilization, employment creation, production and business expansion, and the promotion of local economic restructuring. However, this sector has yet to fully realize its potential, as its growth remains constrained by multiple barriers. Based on a survey of 395 private enterprises, this study identifies the primary barriers to the development of the private economic sector at present and in the future. The findings show three interrelated groups of barriers: (i) resource-access barriers; (ii) institutional-policy and business-environment barriers; and (iii) firm-internal capability barriers. To ensure the private economic sector can serve as a core economic driver following the Politburo's Resolution No. 68-NQ/TW, this research provides specific strategies to clear resource constraints, upgrade the local business environment, and build the internal strengths of private firms in Dak Lak.

The impact of debt financing on business performance in the emerging market: evidence from Vietnam

2026-05-21T07:43:19+07:00

This study investigates how debt financing influenced the performance of manufacturing and industrial firms in the emerging market, Vietnam, from 2017 to 2023. Data is collected from the Refinitiv Eikon dataset. The results reveal a negative relationship between short-term and long-term debt ratios to total assets and business performance, measured by return on assets (ROA), return on equity (ROE), and return on sales (ROS). The findings support trade-off theory, agency theory, and pecking order theory, indicating that high debt levels increase financial risk and agency costs, thereby reducing firm profitability. This study enriches current literature by providing evidence from Vietnam's manufacturing and industrial sectors, highlighting the inverse impact of debt structure on firm performance in the emerging market contexts. The findings offer important implications for managers in optimizing capital structure decisions, investors assessing firm performance, and policymakers drafting financial policies.

Investment, restructuring and productivity dynamics in Vietnamese agriculture during the period 2020-2024

2026-06-26T10:21:04+07:00

This article analyzes the relationship between investment, restructuring, and productivity dynamics in Vietnamese agriculture during 2020–2024, in a context where investment in the agriculture, forestry, and fisheries sectors increased in absolute terms, while their conversion into productivity, value added, and competitiveness remained strongly dependent on the quality of resource allocation. Based on secondary data and trend analysis, the study shows that agricultural growth has increasingly relied on labor quality, technological innovation, production reorganization, and a shift toward higher value-added segments, rather than on input expansion. Agriculture continues to serve as a pillar of the economy, maintaining stable growth and strong export performance despite its declining share in GDP. However, constraints related to land, credit, logistics, human resources, and innovation pose significant challenges to sustainable development. The article emphasizes the need to shift from more investment to more effective investment, along with institutional reform and the strengthening of value chain capacity.

The impact of hotel responses on online travel agencies on tourists' trust: a study in Hue City

2026-05-15T09:31:41+07:00

This study evaluates how various factors in hotel responses on online travel agencies (OTAs) affect tourist trust in hotels in Hue City. Data were collected through a face-to-face survey of 280 tourists (50% international and 50% domestic) who had previously used OTAs. The dataset was analyzed by SPSS 22.0 software, employing Cronbach’s Alpha reliability test, exploratory factor analysis (EFA), multiple regression analysis, independent sample T-Test, and one-way ANOVA. The findings indicate that five core factors in hotel responses positively impact tourists' trust. In descending order of influence, these factors include timeliness (Beta = 0.312), effectiveness (Beta = 0.278), acknowledgement and apology (Beta = 0.245), empathy (Beta = 0.178), and personalization (Beta = 0.164). Additionally, there is a statistically significant difference in the level of trust between international and domestic tourists. Based on these findings, the study proposes managerial implications to help hotels optimize their online reputation management strategies, enhance competitiveness, and strengthen customer trust.