Building A Model for Measuring the Financial Health of Vietnam Listed Companies Applying Circular Economy

Authors

  • Lan Phuong To University of Economics – Vietnam National University, Hanoi, Vietnam
  • Bao Ngoc Hoang Trade Union University, Hanoi, Vietnam
  • Long Tran Joint Stock Commercial Bank for Investment and Development of Vietnam, Hanoi, Vietnam

DOI:

https://doi.org/10.31305/rrijm.2023.v08.n01.014

Keywords:

Circular economy, sustainable growth, financial health, financial health assessment model

Abstract

Globally, sustainable economic development based on the "Circular Economy" (CE) concept is becoming an increasingly prevalent development trend. To build a model for a circular economy, solid financial resources are required to invest in technology and modern technical advancements. The study organizes the theoretical foundations of the circular economy and the financial capabilities of businesses. From there, offer a mechanism for evaluating the financial health of companies listed on the Vietnam stock exchange using a circular economy model. As a consequence of the research findings, a number of recommendations are made to increase the financial capability of firms listed on the Vietnamese stock exchange when the circular economy model is implemented.

Author Biographies

Lan Phuong To, University of Economics – Vietnam National University, Hanoi, Vietnam

Lan Phuong To received her Bachelor of Mathematics and Statistics from National Economics University, Master of Finance and Banking from National Economics University. She obtained her Ph.D. Degree in Financial Economics from the University of Economics and Business, Vietnam National University, Hanoi. She is currently working as a Professor at the University of Economics and Business, Vietnam National University, Hanoi. She is also the head of the corporate credit rating department in Vietnam at Vietnam Credit, Inc. She has 11 years of experience in teaching and research and 18 years in corporate financial management. Her main research interests and work are Cash Flow Management, Credit Rating and Corporate Risk Management, Portfolio Management, Circular Economy and Sustainable Growth.

Bao Ngoc Hoang, Trade Union University, Hanoi, Vietnam

Bao Ngoc Hoang received her Bachelor and Master of Finance and Banking from National Economics University Hanoi, Vietnam. Currently, Ngoc is a PHD student at Vietnam national university. She is working at Trade union University as a lecturer at Finance and Banking Faculty. Prior to attending college, she spent three years working for a microfinance NGO. In addition, she has extensive expertise in handling international projects.

Long Tran, Joint Stock Commercial Bank for Investment and Development of Vietnam, Hanoi, Vietnam

Long Tran is currently Deputy CEO, Head of Wholesale Banking Group and Head of Treasury Group, Bank for Investment and Development of Vietnam (BIDV). He earned Bachelor of English language from Hanoi University of Languages and International Studies in 1996, Bachelor of Banking and Finance from National Economics University in 1998, Master Degree in Banking and Finance from National Economics University in 2004, and received PhD in Banking and Finance from VNU University of Economics and Business in 2018. He has 25 years of experiences in the field of banking and finance and has held various important positions with focus on corporate banking, project management, strategic planning, investment bank at both branch and Head Office levels. He is author and co-author of many national as well as international publications. His main interest areas are bank governance, strategic management, green and sustainable finance, risk management.

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Published

16-01-2023

How to Cite

To, L. P., Hoang, B. N., & Tran, L. (2023). Building A Model for Measuring the Financial Health of Vietnam Listed Companies Applying Circular Economy . RESEARCH REVIEW International Journal of Multidisciplinary, 8(1), 112–121. https://doi.org/10.31305/rrijm.2023.v08.n01.014

Issue

Vol. 8 No. 1 (2023): RESEARCH REVIEW International Journal of Multidisciplinary

Section

Articles

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This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).