Contemporary economic issues in Asian countries : proceeding of CEIAC 2022. Volume 2

This book continues the discussion from Volume 1 on the general considerations regarding global changes and contemporary economic issues in Asian countries in real terms. It offers a collection of original conference papers from the annual international conferences on “Contemporary economic issues in Asian countries” (CEIAC Conference) commenced in 2022 in collaboration with CIFOR-ICRAF, Sungkyunkwan University (Korea), and Tamkang University (Taiwan). The theme of the CEIAC Conference 2022 deals with broad aspects of the contemporary economic issues in Asian countries. It covers topics such as economics and business (economic theory, national and international income distribution, macroeconomic policies, sectors of economy, productivity developments, financial market, business governance, bank financing, etc.), green economy and sustainable development (developing process, development policy, public policy, sustainable growth, green growth, etc.), and international trade and investment (international trade theory, free trade agreements, tariffs, intellectual property, international law, etc.). The book would interest a wide array of professors, researchers, lecturers, students in fields of economics, consultants, and decision makers interested in the issues related to economic issues in Asia. Contents The United States-China Trade War—The Inevitable Strategic Competition 1 Introduction 2 The United States–China Trade War—Origin and Nature of Strategic Competition 3 The US–China Trade War and the Shaping of a New Cold War Order 4 Conclusions and Discussion References The Impact of Online CSR Disclosure on Firm Performance in Banking Industry: Evidence from Vietnam 1 Introduction 2 Literature Review 2.1 Theoretical Background 2.2 Literature Review and Hypothesis Development 3 Research Methodology 3.1 Data and Sample 3.2 Methods 3.3 Research Framework 4 Empirical Analysis and Results 4.1 Online CSR Disclosure Index 4.2 Regression Analysis 5 Conclusion References Assessment of Barriers to Development Eco-Industrial Parks in Vietnam 1 Introduction 2 Research Overview 2.1 Research Background 2.2 Theoretical Background and Research Overview 3 Research Methodology and Theoretical Research Model 3.1 Method AHP 4 Experimental Research and Results 4.1 Data Collection 4.2 Assessing the Relative Impact of Critical Barriers: AHP Analysis 5 Conclusion References Impact of ESG Performance on Firms Default Risk 1 Introduction 2 Literature Review 3 Sample Construction and Data Description 3.1 Sample Composition 3.2 Measuring ESG 3.3 Measuring Default Risk 3.4 Empirical Model 4 Empirical Results 4.1 Descriptive Statistics 4.2 Regression Results 5 Conclusion References ROC-Taiwan’s New Southbound Policy (NSP), the Opportunities, and Strategies for the Vietnamese Enterprises 1 Introduction 2 Objectives of the Research 3 POR-Taiwan’s New Southbound Policy 3.1 Overview 3.2 General Goals and Benchmarks 3.3 Components of New Southbound Policy (NSP) 4 Strategies for the Vietnamese Enterprises Through the New Southbound Policy 5 Solutions for the Success of Taiwan’s New South Policy Toward Vietnam 5.1 The First Component: Economic 5.2 The Second Component: People-To-People Exchange 5.3 The Third Component: Tourism 5.4 The Fourth Component: Education Exchange 5.5 The Fifth Component: Agriculture and NSP 5.6 The Sixth Component: Medical Industry 5.7 The Seventh Component: Growing Opportunities for the Ministry of Economic Affair 6 Conclusion References Factors Affecting Stock Price Volatility in Vietnam’s Oil and Gas Industry in the Period of Pre-COVID-19 and COVID-19 1 Introduction 2 Literature Review 2.1 Theoretical Background 2.2 Experimental Studies 3 Data and Methodology 3.1 Model and Estimation Method 3.2 Data 4 Results and Discussion 4.1 Descriptive Statistics 4.2 Correlation Matrix 4.3 Results and Discussion 5 Conclusions and Implications 5.1 Conclusions References State Management of High-Tech Development: International Experiences and Lessons for Vietnam 1 Introduction 2 Theoretical Basis 2.1 High-Tech Agriculture and the Connotation of High-Tech Agriculture Development 2.2 Contents of State Management of High-Tech Agricultural Development 3 Experiences in State Management of High-Tech Agricultural Development in Some Countries Around the World 3.1 China’s Experience 3.2 Israel’s Experience 3.3 Indonesia’s Experience 3.4 Thailand’s Experience 4 Lessons for Vietnam in the State Management of High-Tech Agricultural Development 5 Conclusions References Research on Comparing Z-Score, O-Score and X-Score Models in Analyzing Factors Affecting Financial Risk in Medical Companies Listed on Vietnam Stock Market 1 Introduction 2 Literature Review 3 Research Model and Hypothesis 3.1 Research Models 3.2 Research Hypothesis 4 Research Results 4.1 Descriptive Statistical Analysis 4.2 Correlation and Regression Analysis 4.3 Test the Difference and Accuracy of the Financial Risk Model 5 Conclusion References Factors Affecting Consumers’ Decision of Purchasing Green Products: The Case of Healthcare Products in the Mekong River Delta of Vietnam 1 Introduction 2 Method 2.1 Research Location and Primary Data Collection 2.2 Methods of Analysis 3 Results 3.1 Socio-demographic Characteristics of the Consumers 3.2 Factors Affecting Consumers’ Decision of Purchasing Green Products 4 Conclusions References Sustainable Entrepreneurship Ecosystem: A Bibliometric Analysis 1 Introduction 2 Theoretical Framework and Overview of the Related Research 2.1 The Concepts 2.2 Overview of the Related Research 3 Material and Method 3.1 Data Collection 3.2 Data Analysis 4 Results 4.1 Literature Mapping: Descriptive Analysis 4.2 In-Depth Citation Analysis: Bibliographic Coupling and Co-citation Analysis 4.3 Keywords Clustering Analysis 4.4 Discussion 5 Conclusions References The Impact of Income Inequality on Economic Growth: Evidence from Vietnam 1 Introduction 2 Methodology 2.1 Collecting the Data 2.2 Processing the Data 3 Results 3.1 Economic Growth Trends in Vietnam 3.2 The Impact of Inequality on Economic Growth in Vietnam 4 Conclusions and Discussion References Understanding the Relationships Between Destination Image and Tourist Loyalty (Ba Vi National Park, Vietnam) 1 Introduction 2 Literature Review 2.1 Destination Image 2.2 Tourists’ Loyalty and Tourism 2.3 The Factors Impacting Loyalty and Hypothesis 3 Methodology 3.1 Study Area 3.2 Questionnaires 3.3 Sample Design and Data Collection 3.4 Data Analysis 4 Results 4.1 Reliability and Validity of the Measurements 4.2 Structural Equation Modeling 4.3 Hypothesis Testing 4.4 Structural Equation Modeling (SEM) 5 Discussions and Conclusions References The Factors Impact on the Acceptance of Using Mobile Health Services (Mhealth) of Users in COVID-19 Period in Hanoi, Vietnam 1 Introduction 2 Theretical Framework 2.1 Mobile Device 2.2 Digital Transformation and Digital Transformation in Healthcare 2.3 Mobile Health (mHealth) 2.4 e-Health and Telehealth 2.5 Benefits of mHealth 2.6 Proposed Research Model 3 Research Method 4 Research and Dicusstion 4.1 Descriptive Sample Statistics 4.2 Test Execution Results 4.3 Correlation Analysis 4.4 Regression Analysis 4.5 Conclusion of the Experiment 5 Suggested Solutions 6 Conclusions Appendix A: Survey Sheet of Research References Using Contingent Valuation Method to Explore the Households’ Participation and Willingness to Pay for Improved Plastic Waste Management in North Vietnam 1 Introduction 2 Literature Review and Hypotheses 2.1 Literature Review 2.2 Hypotheses 3 Methods and Materials 3.1 Contingent Valuation Method (CVM) 3.2 Experimental and Questionnaire Design 3.3 Model and Variables 4 Results 4.1 Respondents’ Awareness of Plastic Waste Treatment 4.2 Environmental Fund Contribution and Reasons 4.3 Results of Voluntary Payment for Improved Plastic Waste Management 5 Discussions 6 Conclusions Appendix References Extreme Weather Events and Coastal Fisheries: Impacts, Vulnerability and Adaptation Strategies in Vietnam 1 Introduction 2 Impact of Extreme Weather Events on Coastal Fisheries 2.1 Negative Impacts 2.2 Positive Impacts 3 Vulnerability of Coastal Fisheries and Adaptation Strategies in Vietnam 3.1 Vulnerability of Coastal Fisheries Sector to EWEs 3.2 Current Adaptation Strategies and Existing Challenges 4 Potential Adaptation Strategies to EWEs in Vietnam 4.1 Development of Adaptation Strategies at Multiple Levels and the Use of Technology 4.2 Improving Resilience and Adaptive Capacity for Local Authorities and Coastal Fishers References The Road to Circular Economy in Vietnam: The Policy Review of Vietnam Green Growth Strategy 1 Introduction 2 Institutional Development of VGGS 3 Implementation of VGGS 3.1 Reduction of the Intensity of Greenhouse Gas Emissions and Promotion of the Use of Clean Energy and Renewable Energy 3.2 Implementation of Green Production 3.3 Implementation of Green Lifestyle and Sustainable Consumption 4 Limitations in the Implementation of VGGS 5 Conclusions References Factors Affecting Brand Loyalty of the Co.opmart Supermarket in Vietnam: The Mediating Effect of Brand Trust and Customer Satisfaction 1 Introduction 2 Methodology 2.1 Concepts 3 Hypothesis 3.1 Service Quality 3.2 Brand Experience 3.3 Perceived Value 3.4 Brand Image 3.5 Brand Trust 3.6 Customer Satisfaction 4 Quantitative Analysis 5 Results 6 Conclusion References Circular Economic Model Applied to the Mining Industry in Vietnam 1 Introductions 2 The Circular Economy 2.1 The Definition and Roles of the Circular Economy 2.2 The Need of Transiting from the Linear Economy Model to the Circular Economy Model 3 The Necessity and Potentials of Applying the Circular Economy Model into the Mining Industry in Vietnam 3.1 The Necessity of Applying the Circular Economy Model into the Mining Industry in Vietnam 3.2 Analyzing the Potentials of Applying Circular Economy Model into the Mining Industry in Vietnam 4 Proposing the Circular Economy Model for the Mining Industry in Vietnam 5 Some Recommendation to Promote the Application of the Circular Economy Model into the Mining Industry in Vietnam 6 Conclusions References Applications of Experimental Policy Theory (Policy Sandbox) in Vietnam Digital Economy: The Case of Ho Chi Minh City 1 Introduction 2 Development of Digital Economic Development in Ho Chi Minh City and the Need to Use Theoretical of Policy Experience in Digital Economic Development in Ho Chi Minh City 2.1 Digital Economy Development in Ho Chi Minh City 2.2 The Necessity of Applying Experimental Policy Theory in Digital Economy Development in Ho Chi Minh City 3 Conditions for Applying the Experimental Policy Theoretical into Digital Economic Development and Issues if you use the Trial Policy Theory in Digital Economic Development Bright 3.1 Conditions for Applying Experimental Policy Theory in Digital Economy Development in Ho Chi Minh City 3.2 Problems When Applying Experimental Policy Theory to Digital Economy Development in Ho Chi Minh City 4 Conclusion 5 Recommendations References Monetary Policies and Business Performance: A Case Study of the Stock Exchange 1 Introduction 2 Literature Review 3 Data and Methodology 3.1 Data 3.2 Methodology 4 Results 4.1 Descriptive Statistics 4.2 Correlation Analysis 4.3 Regression Analysis 5 Discussions 6 Conclusions References Sustainable Development Provisions in ASEAN Investment Treaties 1 Introduction 2 Concepts of Sustainable Development 3 Sustainable Development Provisions in ASEAN Investment Treaties 3.1 Overview of ASEAN Investment Treaties 3.2 Typology of Sustainable Development Provisions 4 Preliminary Observations and Options for Reform 4.1 Preliminary Observations 4.2 Options for Reform 5 Conclusions References Influences of Trade Union Activities on Improving Labor Productivities in Enterprises: A Comparative Study 1 Introduction 1.1 Overview of Vietnamese Enterprises 1.2 Vietnam Trade Union Organizations in Enterprises Today 2 Methodologies 3 Results 3.1 Labor Productivity of Vietnamese Enterprises: Enterprises with and Without Trade Union Organizations 3.2 The Role of Trade Union Activities in Improving Labor Productivity in Enterprises 4 Conclusions References Sino–Indian Cooperation Enhancement Under BRICS Framework—A Trend Study 1 Introduction 2 Methodology 3 Discussion 3.1 Cultural Interflow and Mutual Learning Between the Two Great Civilizations Will Generate Fresh Vitality in the New Era 3.2 The Complementarity and Connection of the Two Big Markets Will Unleash New Potential for Development 3.3 The Common Development of Our Two Big Neighbouring Countries Will Create a New Paradigm of Cooperation 3.4 Peaceful Coexistence Between Our Two Major Developing Countries Will be of Global Significance 3.5 Few Sublines on Collective Action 4 Discussions from the Ground 5 Concluding Remarks 6 Scope for Further Study References Sustainable Development of Rural Tourism in Emerging Economies in Asia: Theoretical Considerations and Empirical Aspects from Vietnam 1 Introduction 2 Sustainable Development of Rural Tourism 2.1 Basic Definitions 2.2 Components of Sustainable Development of Rural Tourisms 2.3 The Role of Sustainable Development of Rural Tourism in the Transitioning Context 2.4 Framework for Sustainable Development of Rural Tourism 3 Development Experiences of Rural Tourism 3.1 Reviews on the Development of Rural Tourism in Some Countries 3.2 Empirical Evidences from Vietnam 3.3 Lessons for Vietnam in Rural Tourism Development 4 Conclusions and Policy Recommendations 4.1 Conclusions 4.2 Policy Implications References Dendrochronology for Labeling Heritage Trees Toward Green Tourism and Sustainable Development—A Case Study in Tay Giang District (Quang Nam, Vietnam) 1 Introduction 2 Materials and Methods 2.1 Site Description and Tree-Ring Data 2.2 Measuring Tree-Ring Widths Using the CooRecorder Software Application 2.3 Chronology Development Using the Cofecha Software Application 2.4 Label “Tree Assessment for Heritage” 3 Results 3.1 Dating of Tree Sampling 3.2 Dating of Tree Same Diameter 3.3 Suggestions for Developing Fokienia Hodginsii Forest-Based Eco-Tourism 4 Conclusions References Coconut Farming is a Safe Livelihood Choice for Peasants in Ben Tre Province (Vietnam)—A Study Based on Alexandra Winkels Theory of Stretch Livelihoods 1 Introduction 2 Challenges in the Livelihoods of Ben Tre Peasants from Climate Change 3 Coconut, a Tree Species that is Both Agricultural and Industrial 4 “Stretch” in Many Fields and Territories 4.1 Migration as an Option in Pursuit of Stability 4.2 Diversifying Livelihoods, Coconut is Still the Support 5 Conclusions References Determinants of the Success Level of Economic Growth 1 Introduction 2 Literature Reviews 2.1 Concepts and Classifications 2.2 Determinants of Successful Growth 3 Theoretical Models and Econometric Approach 3.1 Theoretical Model 3.2 Data and Econometric Approach 4 Results 4.1 The Economic Growth in Economies 4.2 Descriptive Statistics 4.3 Empirical Results 5 Conclusions References River Economic Development in the Mekong Delta 1 Introduction 2 Literature Reviews 2.1 Definition of River Economy 2.2 Roles of River Economy 3 Results 3.1 Advantages in River Economic Development of the Mekong Delta 3.2 Problems Posed in River Economic Development of the Mekong Delta 4 Solutions Proposed to Exploit and Develop the River Economy to Contribute to the Sustainable Development of the Mekong Delta in the Coming Time 5 Conclusions References Enhancing Quality of Human Resources in Industry Sector in Da Nang City for Green Growth Pathway 1 Introduction 2 Theoretical Framework 2.1 Enhancing Quality of Human Resources in Industries 2.2 Pathway to Green Growth and Challenges 2.3 Requirements to Human Resource Development in Industries for Green Growth Strategy Implementation 3 Methodology 3.1 Study Area 3.2 Methodology 4 Results and Discussion 4.1 Measure the Evaluation of Dependent Variable Y 4.2 Perform Regression Function Tests 4.3 Testing of Research Hypotheses 5 Conclusions References The Situation of Legal Framework on Supporting Small and Medium-Sized Enterprises (SMEs) in Vietnam 1 Introduction 2 Literature Reviews 3 Methodologies 4 Results 4.1 Current Status of the Legal Framework on Capital Support for SMEs 4.2 Current Status of the Legal Framework on Human Resource Development for SMEs 4.3 Current Status of the Legal Framework on Market Expansion for SMEs 5 Discussion and Conclusions 5.1 Proposing Solutions to Improve Regulations on Concepts and Criteria for Identifying SMEs Based on Conformity with International Practices 5.2 Proposing Solutions to Improve Regulations on Capital Support Policies for SMEs 5.3 Recommendations on Building and Operating Models to Support SMEs in Full-Time Operation References An Investment in Oversea Wind Power Project—NSEC’S Experiences for Vietnam 1 Introduction 2 North Sea Energy Cooperation’s Basic Model 3 The Potential of Offshore Wind Power in Vietnam 3.1 The Urgency for Vietnam’s Green Energy Transformation 3.2 Potential for Wind Power Development in Vietnam 3.3 Current Status of Vietnam’s Policy on Offshore Wind Power 3.4 Project Preparation Phase 3.5 Project Implementation Phase 4 Discussions and Conclusion References The Copyright Protection and Enforcement of Musical Works on Internet in Vietnam 1 Introduction 2 Methodology 3 Materials 4 Results 4.1 Appropriateness of Vietnamese Laws with International Standards in Principle 4.2 Serious Copyright Infringement for Musical Works on Internet in Vietnam 4.3 Challenges in the Copyright Protection and Enforcement for Musical Works on Internet in Vietnam 5 Conclusions References Policy on Religion and Belief to Flourish Spiritual Tourism in Vietnam 1 Introduction 2 Literature Review 3 The Case Study—Ninh Binh Province 4 Conclusion References Effects of Corporate Social Responsibility on Corporate Reputation, Customer Satisfaction, and Customer Loyalty of Organic Food Industry in Vietnam 1 Introduction 2 Literature Reviews 2.1 Corporate Social Responsibility 2.2 Corporate Reputation 2.3 Customer Satisfaction 2.4 Customer Loyalty 3 Methodologies 3.1 Research Design and Hypotheses 3.2 Samples 3.3 Research Methods 4 Results 4.1 Testing the Reliability of the Scale and Exploratory Factor Analysis (EFA) 4.2 Confirmatory Factor Analysis (CFA) 4.3 Structural Equation Modeling and Hypotheses Testing 5 Discussions and Conclusions References Cultural Industries and Industries with a Cultural Content as a Conflict Prevention Tool, Suggestion for Vietnam 1 Introduction 2 Results 2.1 “Cultural Security” 2.2 “Cultural Tourism” as a Cultural Industry 2.3 Europe a Potential Model? 2.4 Industrial Design as a Cultural Industry 3 Conclusions Free Migration in the Border Region Sets for Economic Development 1 Introduction 2 Literature Review 3 Method 4 Conclusion References Impacts of Foreign Debt on Vietnam’s Sustainable Development 1 Introduction 2 Literature Review 3 Theoretical Basis 3.1 Foreign Debt/External Debt 3.2 Sustainable Development 3.3 The Relationship Between External Debt and Sustainable Development 4 External Debt and Sustainable Development Situation of Vietnam 4.1 Vietnam’s Foreign Debt Situation 4.2 Current Status of Sustainable Development in Vietnam 5 Impact of External Debt on Sustainable Development 5.1 Sustainable Economic Impacts 5.2 Sustainable Legal Implications and Environment Protection 5.3 Sustainable Social Impacts 6 Discussion and Policy Implications 6.1 External Debt Risks Affect Vietnam’s Sustainable Development 6.2 Challenges of External Debt Vietnam Need to Overcome in Order to Achieve Sustainable Development 7 Policy Implications 8 Conclusion References Applying Stakeholder Theory and Structural Equation Modeling (SEM) to Identify Factors Toward Improving the Degree for Financial Autonomy of High Schools in Disadvantaged Areas 1 Introduction 2 Conceptual Framework 2.1 Stakeholder Theory 2.2 Questionnaires Conducted Based on the Stakeholder Theory 3 Data and Analysis Methods 3.1 Data Acquisition and Statistics 3.2 Data Analysis Process 4 Results 4.1 Hypothesis Test 4.2 The Identification of Independent Factors 4.3 Estimation Dependent Factors 4.4 Structural Equation Modeling 5 Discussion 6 Conclusion References Vietnam Policy and Regulation on Greenhouse Gas Emission Reduction, Toward Low Carbon Emissions Economy 1 Introduction 2 Vietnam’s Policies and Regulations on Reducing Greenhouse Gas Emissions 3 Vietnamese Laws on Reducing Greenhouse Gas Emissions 3.1 Identification of Subjects to Implement Mitigation of Greenhouse Gas Emissions and Subject to Greenhouse Gas Inventory 3.2 Identify Targets, Roadmaps, and Methods to Reduce Greenhouse Gas Emissions 3.3 Measurement, Report, and Appraisal GHG Emission Mitigation 3.4 Organization for the Development of the Domestic Carbon Market 4 Evaluation of the Current Situation of Greenhouse Gas Emission Reduction Toward Low Carbon Emissions Economy in Vietnam 5 Recommendations 6 Conclusion References Green Economic Development for Sustainable Poverty Reduction in Northern Mountainous Area of Vietnam: A Case Study of Son Dong District, Bac Giang Province 1 Introduction 2 Research Conducted Area—Son Dong District, Bac Giang Province 2.1 Total Population and Research Sample 2.2 The Optimization Problem Model 2.3 Analytical Framework 3 Building a Model of Green Economic Development in Son Dong District 3.1 Linear Programming Problem 3.2 Constraints Included 3.3 The Current Agricultural Production Model of the District 4 Conclusion References Socio-Economic Aspects of Cultural Landscapes: Attitudes of Local Residents and Visitors in a Small Mountainous City at the Sino-Vietnamese Border 1 Introduction 2 Methodology 2.1 Economic Landscape Indicators 2.2 Monetary Valuation Methods 2.3 Selected Study Area: The Bac Ha Small City 3 Results 3.1 Public Perception on the Cultural Heritage Preservation 3.2 Economic Value of a Cultural Heritage 4 Discussions and Conclusions References