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Evaluating the Business Performance of Seaport Enterprises in Vietnam

Author

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  • Thi Kim Lien Nguyen

    (Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam)

  • Hoang Nga Le

    (Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam)

  • Bach Dang Ha

    (Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam)

  • Quoc Ngu Nguyen

    (Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam)

  • Van Phi Pham

    (Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam)

  • Van Dan Dinh

    (Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam)

Abstract

International economic trade plays a crucial role in global merchandise supply chains; as such, the development of industries is critical to enhance the expansion and growth of marine transportation services. In Vietnam, commercial activities are rapidly expanding, and there is a strong foundation for developing seaport enterprises. This research aims to evaluate and rank the business performance of seaport enterprises in Vietnam by analyzing the ratio of various variables in the financial statements from 2019 to 2023 via an integration of the Criteria Importance Through Intercriteria Correlation (CRITIC) and Combined Compromise Solution (COCOSO) methods. First, the weight of each variable will be determined by the CRITIC method. Second, the efficiency and rank of each alternative will be identified by the COCOSO method. These empirical results revealed the business performance and position of each seaport enterprise based on the efficiency scores, providing valuable insights into their financial operations. Additionally, the findings described a comprehensive overview of maritime transport and recommended actionable solutions to improve the business performance of seaport enterprises in the future.

Suggested Citation

  • Thi Kim Lien Nguyen & Hoang Nga Le & Bach Dang Ha & Quoc Ngu Nguyen & Van Phi Pham & Van Dan Dinh, 2024. "Evaluating the Business Performance of Seaport Enterprises in Vietnam," Sustainability, MDPI, vol. 16(19), pages 1-21, October.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:19:p:8576-:d:1491405
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    References listed on IDEAS

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    1. P. L. Yu, 1973. "A Class of Solutions for Group Decision Problems," Management Science, INFORMS, vol. 19(8), pages 936-946, April.
    2. Tseng, Fang-Mei & Chiu, Yu-Jing & Chen, Ja-Shen, 2009. "Measuring business performance in the high-tech manufacturing industry: A case study of Taiwan's large-sized TFT-LCD panel companies," Omega, Elsevier, vol. 37(3), pages 686-697, June.
    3. Morteza Yazdani & Pascale Zaraté & Edmundas Kazimieras Zavadskas & Zenonas Turskis, 2019. "A Combined Compromise Solution (CoCoSo) method for multi-criteria decision-making problems," Post-Print hal-02879091, HAL.
    4. Opricovic, Serafim & Tzeng, Gwo-Hshiung, 2004. "Compromise solution by MCDM methods: A comparative analysis of VIKOR and TOPSIS," European Journal of Operational Research, Elsevier, vol. 156(2), pages 445-455, July.
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