Increasing the efficiency of the Textile and Garment Industry of Vietnam in the context of the dependence on foreign suppliers and investors

Authors

  • Dr. Dao Thanh Binh School of Economics and Management of Hanoi University of Science and Technology, Hanoi, Vietnam
  • Dr. Tran Si Lam Foreign Trade University, Hanoi
  • Dr. Nguyen Danh Nguyen Hanoi University of Science and Technology
  • Dr. Tran Thi Bich Ngoc Hanoi University of Science and Technology
  • Dr. Galina Anzelmovna Barysheva Tomsk Polytechnic University

DOI:

https://doi.org/10.15549/jeecar.v7i3.598

Keywords:

Vietnam, textile industry, garment industry, foreign investment, domestic supplier, crisis

Abstract

The purpose of this study is determining the optimal proportions of interaction between foreign and domestic suppliers and investors in the institutional structure of the VTGI. Based on a survey of representatives of 388 VTGI enterprises, the economic efficiency of the industry's enterprises and the degree of dependence on foreign suppliers and investors are assessed. The survey was conducted in a stable market environment (April-June 2019) and in a crisis (April-June 2020). Regression models of the influence of indicators of dependence on foreign suppliers and investors on the enterprise performance indicator are constructed. By solving a system of equations (dependence functions), the optimal proportions of the structure of interaction between foreign and domestic suppliers and investors are determined quantitatively in order to maximize the economic efficiency of clothing and textile enterprises in the context of crisis manifestations in the market conditions of operation

Author Biographies

Dr. Tran Si Lam, Foreign Trade University, Hanoi

Tran Si Lam, is a PhD in Economics, Associate Professor, Senior Lecturer of School of Economic and International Business, Foreign Trade University, Hanoi, Vietnam. Research interest: foreign economic relations.

Dr. Nguyen Danh Nguyen, Hanoi University of Science and Technology

Nguyen Danh Nguyen is a PhD in Economics, Director of School of Economics and Management, Hanoi University of Science and Technology, Vietnam. Research interest: production and personal management.

Dr. Tran Thi Bich Ngoc, Hanoi University of Science and Technology

Tran Thi Bich Ngoc has a PhD in Economics, Associate Professor, Senior Lecturer of School of Economics and Management, Hanoi University of Science and Technology. Research interest: production management and social affairs.

Dr. Galina Anzelmovna Barysheva, Tomsk Polytechnic University

Galina Anzelmovna Barysheva is a Professor, Director of International Scientific Educational Laboratory for the Improvement of Wellbeing Technologies of Older Adults, Tomsk Polytechnic University, Tomsk, Russia. Research interest: social affairs and well-being.

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Published

2020-12-01

How to Cite

Binh, D. T., Lam, T. S., Nguyen, N. D., Ngoc, T. T. B. ., & Barysheva, G. A. (2020). Increasing the efficiency of the Textile and Garment Industry of Vietnam in the context of the dependence on foreign suppliers and investors. Journal of Eastern European and Central Asian Research (JEECAR), 7(3), 363–374. https://doi.org/10.15549/jeecar.v7i3.598

Issue

Vol. 7 No. 3 (2020): Journal of Eastern European and Central Asian Research

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