Ho Chi Minh University of Banking (Vietnamese: Đại học Ngân hàng Thành phố Hồ Chí Minh) is a university in Ho Chi Minh City, Vietnam. The university provides graduate and postgraduate level education in finance, banking and business administration. There are five faculties: Finance, International Financial Market, International Finance and Banking, Financial Institutions Management, and Foreign Languages. There are 168 lecturers and professors, of which 30 are doctors, 50 are masters. The university campuses are at 36 Ton That Dam street, District 1 and at 56 Hoang Dieu 2 street, Thủ Đức, Ho Chi Minh City..
In this paper, we study stochastic Rayleigh-Stokes equations (stochastic RSEs) driven by space-time white noise. The first contribution is to investigate the existence, uniqueness, and boundedness results in two cases of the initial functions. The second objective focuses on establishing Hölder continuity with respect to the time variable. In the last result, we are strongly interested in analyzing the continuity in the fractional order and diffusion coefficient (or called parameter-continuity). Although deterministic RSEs have been widely examined, as far as we know, no research has been conducted on the stochastic case involving white noise in both space and time. Additionally, despite the critical importance of studying parameter-continuity for modeling purposes, this behavior has not been explored in either deterministic or stochastic RSEs until now. Our present paper is the first result on RSEs driven by space-time white noise and on the parameter-continuity for its solution, inspired by recent publications on stochastic classical (and fractional) heat equations of M. Foondun, see Ann. Probab. 42(5), 1911–1937, (2017), arXiv preprint, arXiv:2510.00214 , (2025), Fract. Calc. Appl. Anal. 19(6), 1527–1553, (2016), Proc. Am. Math. Soc. 149(5), 2235–2247, (2021), Math. Z. 287, 493–519 (2017), Math. Z. 287, 493–519 (2017), arXiv:1412.2343 , (2014).
This study uses data from 666 nonfinancial listed companies on the Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) in Vietnam, with 9,275 observations from 2010 to 2023. The research investigates the impact of economic policy uncertainty on corporate earnings management behavior. The results show that economic policy instability positively affects managers' earnings management behavior. As economic uncertainty increases, managers increase earnings management behavior in accruals on financial statements. The paper also reveals that agency costs influence the relationship between economic policy instability and earnings management behavior. Furthermore, the research shows that financial constraints mediate the effect of economic policy uncertainty, increasing managers' incentives to manage earnings.
In the context of increasing consumer concern for environmental and sustainability factors, this study contributes to clarifying the impact of greenwashing perception on green purchase intention in the fast-moving consumer goods (FMCG) sector. Using a quantitative approach, the study collected and analyzed data from 403 customers who have or are using FMCG products in Vietnam. The data were gathered using Google Forms and processed in two steps using SmartPLS 4.0 software. The results show that greenwashing perception negatively affects green trust, which in turn reduces green purchase intention. Green trust plays a crucial mediating role in the relationship between greenwashing perception and green purchase intention. Green authenticity and green transparency reduce the negative impact of greenwashing perception on green trust. Based on these findings, the study offers managerial implications and practical policy recommendations for businesses in the FMCG sector, aiming for a more transparent, honest, and sustainable consumer environment. This study contributes to expanding the academic understanding of green consumption behavior and proposes practical implications for businesses in their sustainable development strategies.
Type of the article: Research ArticleAbstractThe transition to a circular economy is a strategic priority in Vietnam’s sustainable development agenda, necessitating robust fiscal instruments to mitigate high capital cost barriers. This study aims to evaluate the legal and financial efficacy of accelerated depreciation mechanisms for sustainable investments in Vietnam by benchmarking them against ASEAN Taxonomy standards. Using a doctrinal legal analysis and a quantitative simulation of the Depreciation Tax Shield (DTS) via a Net Present Value (NPV) approach, the study quantifies the financial impact of various depreciation scenarios on a hypothetical capital expenditure.The simulation-based evidence indicates that the current maximum depreciation coefficient of 2.0 provides a marginal tax shield benefit of only 2.86 billion VND per 100 billion VND of investment, which is approximately 20% lower than the tax shield values in neighboring countries that utilize initial investment allowances. Furthermore, the doctrinal analysis confirms a systemic misalignment between Vietnam’s project-based regulatory management and the asset-based classification logic of the ASEAN Taxonomy, creating significant barriers to rapid capital recovery amid risks of technological obsolescence. The study concludes that Vietnam should establish a synchronized national green asset catalogue and increase the depreciation coefficient to 3.0 for strategic equipment. Such reforms would not only optimize financial benefits but also directly enhance Vietnam’s competitiveness in attracting green foreign direct investment within the region.
Nghiên cứu này kiểm định mối quan hệ phi tuyến giữa năng lực cạnh tranh và mức độ ổn định tài chính của 29 ngân hàng thương mại tại Việt Nam giai đoạn 2010-2022, đồng thời phân tích vai trò điều tiết của đổi mới công nghệ (ICT) và tác động cấu trúc từ đại dịch Covid-19. Sử dụng phương pháp System-GMM trên bộ dữ liệu bảng động không cân bằng, kết quả thực nghiệm cho thấy mối quan hệ giữa chỉ số LERNER (đại diện cho năng lực cạnh tranh) và ZSCORE (thước đo ổn định tài chính) có dạng chữ U ngược, phản ánh sự tồn tại của ngưỡng cạnh tranh tối ưu giúp củng cố ổn định hệ thống, trong khi cạnh tranh vượt ngưỡng làm gia tăng rủi ro tài chính. Bên cạnh đó, ICT thể hiện vai trò điều tiết tích cực khi làm giảm thiểu tác động tiêu cực của cạnh tranh quá mức thông qua cải thiện hiệu quả vận hành và quản trị rủi ro. Đặc biệt, đại dịch Covid-19 không chỉ là cú sốc ngắn hạn mà còn góp phần tái định hình mối quan hệ cạnh tranh - ổn định, khi các ngân hàng có quyền lực thị trường lớn hơn duy trì ổn định tốt hơn trong khủng hoảng. Nghiên cứu mở rộng khung phân tích thực nghiệm về tương tác giữa cạnh tranh, đổi mới công nghệ và ổn định tài chính, đồng thời đưa ra hàm ý chính sách về giới hạn cạnh tranh hợp lý, đầu tư số có trọng điểm và điều tiết tài chính thích ứng theo chu kỳ.
