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Research on the Development of Vietnamese Enterprises in the Period 2016–2022

Author

Listed:
  • Thi Dung Nguyen

    (Bac Giang Agriculture and Forestry University, Vietnam)

  • Thi Thanh Le Pham

    (Bac Giang Agriculture and Forestry University, Vietnam)

  • Thi Khanh Linh Vo

    (Bac Giang Agriculture and Forestry University, Vietnam)

  • Thi Thanh Minh Nguyen

    (Bac Giang Agriculture and Forestry University, Vietnam)

Abstract

The research employs a descriptive statistical method to analyze the current state of business development in Vietnam. The results show that ROA fluctuated between 2.1% and 2.9% during the 2016–2022 period. ROA peaked in 2017 (at 2.9%) and declined to its lowest level in 2020 (at 2.1%). ROS ranged from 3.4% to 4.3%, showing a downward trend from 2017 to 2019, followed by a recovery from 2020 onward. REO exhibited a declining trend from 2017 to 2020, then slightly recovered from 2021. In 2017, REO reached its highest level (at 10%), then gradually decreased to 6.3% in 2020. From 2021, REO recovered to 7.9% and continued to rise to 8.3% in 2022. To foster business development, the following solutions should be implemented: Continue maintaining the growth momentum of ROA and REO by improving asset utilization efficiency and optimizing returns on capital. Control costs to sustain and enhance ROS, maximizing profitability per unit of revenue. Focus on sustainable development strategies to ensure long-term growth in the coming years.

Suggested Citation

Handle: RePEc:epw:develo:v:5:y:2025:i:3:id:15413
DOI: 10.24018/ejdevelop.2025.5.3.413
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