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Vietnam Economist Annual Meeting (HCMC, 2014)

The Seventh Vietnam Economist Annual Meeting

VEAM 2014


The Vietnam Economist Annual Meeting (VEAM) is annual meeting organized for domestically- and internationally-based economists and other social researchers to present their studies and works. VEAM bring together social scientists and PhD students from Vietnam and all over the world to exchange their ideas on management and economics. The meeting provide an opportunity to initiate a worldwide network of Vietnamese economists and other social scientists, expand and consolidate cooperation in scientific researches. It is an opportunity for Vietnamese universities, economics and management schools, governmental agencies and companies to experience, first hand, economic and management researches of Vietnamese scholar community all over the world. The meeting included a variety of other activities, including informal discussions, presentations by leading international economists, and honor audience.

VEAM 2014 took place on 24th June – 25th June 2014 in Ho Chi Minh City, Vietnam.

The University of Economics Ho Chi Minh City (UEH), the Development and Policies Research Center (DEPOCEN), the French National Center for Scientific Research (CNRS), and the Foreign Trade University (FTU) hosted the Seventh Vietnam Economist Annual Meeting (VEAM 2014).

The four keynote speakers for VEAM 2014 were:

  • 1. Takashi Kamihigashi (Professor, Kobe University, Japan).
  • 2. Binh Nam Tran (Professor, The New South Wales University, Australia).
  • 3. Hinh T. Dinh (Dr., World Bank, United States).
  • 4. Yiannis Vailakis (Professor, Glasgow University, United Kingdom).
    The meeting was opened to registration and calling for papers (see Workshop Program, Call for Paper and Registration pages for details)

Special Announcement

1. Vietnam Development Economic Conference (Tentative Agenda)

In addition the Vietnam Economist Annual Meeting 2014 (VEAM 2014) the World Bank together with University of Economics Ho Chi Minh City (UEH) and Development and Policies Research Center (DEPOCEN) organized the Vietnam Development Economic Conference 2014 (VDEC 2014) as a special addition to this year VEAM.

The Vietnam Development Economic Conference is held on June 26th 2014, in coordination with the 7th annual Vietnam Economist Annual Meeting (VEAM) at the same location. VDEC had a select number of invited presentations by prominent researchers on development issues in Vietnam. There was about 5-6 presentations with discussants, plus keynote and plenary speakers.

Mr. Kaushik Basu, Chief Economist and Senior Vice President of the World Bank gave the plenary presentation. Tentative list of researchers who presented at VDEC included John Rand (University of Copenhagen), Caine Rolleston/Zoe James (University of Oxford), Thea Nielsen (Universität Hohenheim), Loren Brandt (University of Toronto), Anh Tran (Indiana University).

The conference that was an open conference and registration was free. The Vietnamese economists attended VEAM was encouraged to attend VDEC.

2. VEAM’s mini-course on Impact Evaluation in Development (Tentative Agenda)

The World Bank together with other VEAM host organizations held a mini-course on Impact Evaluation in Development (IE training). It was planned that following the Vietnam Economist Annual Meeting and the Vietnam Development Economic conference, the course took place on June 27th at the same location. The one-day course was aimed at researchers and practitioners. It covered the role and methods used in a rigorous impact evaluation. It provided participants with the necessary methodology and practical knowledge to meet a growing demand for rigorous evaluation of development programmes. Gabriel Demombynes (Senior Economist, World Bank) and Quy-Toan Do (Senior Economist, World Bank) led the course.

All participants of VEAM and/or VDEC were encouraged to attend the course for free. Participation for Registered participants from other provinces apart from HCM City received free accommodation and air-ticket subject to budget availability and first-come-first-serve basis.


The University of Economics Ho Chi Minh City (UEH), Vietnam


The University of Economics Ho Chi Minh City was founded under the Decision No 426/TTg issued by the Prime Minister on October 27th, 1976. UEH is a multi-disciplinary university with various levels and modes of education, from bachelors to PhDs. UEH’s teaching staff all have been trained from high reputation institutes all over the world. Annually, there is a large enrolment number of students that makes UEH become one of the largest Vietnamese universities in the field economics and business administration.

The UEH’s primary objective is providing policy makers, administrators and experts in economics and business administration. In addition, UEH is also a centre for scientific research which focuses on economic discovery, analysis and consulting in the process of development of Vietnam as well as contribution to economic theories. Cooperation with domestic and foreign universities is always highly concerned so that UEH could gradually integrate into the international academic and scientific network, meeting nationally economic development demands.

Up to now, UEH is one of 14 key universities of Vietnam. Since 1976, UEH has trained about tens of thousands of qualified and prestigious officers, economists, administrators from undergraduate to post-graduate levels. With excellent achievements during more than 35 years of establishment and development, UEH has been awarded many honour medals as well as the noble title “Labour Hero in the Renovation Period” from the State and the Government.


The seventh Vietnam Economist Annual Meeting (VEAM 2014) on 24th – 25th, June 2014
University of Economics Ho Chi Minh City, Vietnam

Plenary session 1

Keynote speaker 1: Professor Binh Tran Nam, The New South Wales University, Australia.
Chair: Professor Nguyen Trong Hoai

Parallel session I

Session 1.1: Banking System 1

Chairperson: Le Quang Minh

  • Hai Anh La: Bank lending and international shock transmission – Ownership matters no more
  • Dinh Vinh Vo, Risk and income diversification in the vietnamese banking system
  • Tran Bao An, The relationship Between Banking Service Quality and Customer Satisfaction in Commerical Banks in Thua Thien Hue Provincce_Viet Nam_The Test on Structural Equation Modeling
  • Le Quang Minh, Operating efficiency of commercial banks in vietnam: technical approach and determinations

Session 1.2: FDI and Domestic Economies 1

Chairperson: Quoc Hung Tran

  • Phung Thi Huong Giang, Can foreigners improve the efficiency of emerging market banks? Evidence from the vietnamese strategic partner program
  • Nguyen Bach, How do different types of SMEs react to the presence of FDI and informal institutions in their expansion?
  • Nguyen Huu Thanh Tam, Diversification or specialization? The roles of development level, FDI spillovers, investment in training, and heterogeneity of firm
  • Quoc Hung Tran, Does heterogeneity in transfer pricing regulation affect FDI?

Session 1.3: Corruption, Governance, and Institutions

Chairperson: Doan Quang Hung

  • Nguyen Ngoc Minh, Estimate the economic cost of corruption
  • Dang Quang Vinh, Impacts of corruption on provincial development performance in Vietnam
  • Do Thi Thanh Huyen, How centrally-governed municipalities fair in citizens’ assessment of governance performance
  • Doan Quang Hung, Sub-national institutions and firm survival in Vietnam

Session 1.4 Banking System 2

Chairperson: VoThi Quy

  • Pham Van Dai, The determinants of Vietnamese banks’ lending behavior: a theoretical model and empirical evidence
  • Nguyen Hoang Thuy Bich Tram, Assessing credit risk of commercial banks in Vietnam
  • Kul B Luintel, Reforms, Incentives and Banking Sector Productivity
  • Vo Thi Quy, The impact of organizational responses to complaints on post purchase behavioral intentions via recovery satisfaction – The case of Saigon Commercial Bank

Plenary session 2

Keynote speaker 2: Professor Takashi Kamihigashi, Kobe University, Japan
Chair: Professor Pham Hoang Van
Introduction VEAM 2015 – next organizers and for the announcement of 2015 Hue workshop

Parallel session II

Session 2.1: Productivity and Growth

Chairperson: Pham Dinh Long

  • Nguyen Thi Toan, What factors affect to productive efficiency of Vietnamese automobile industry: an application of the stochastic frontiers
  • Phan The Cong, Productivity growth of three sectors in vietnam during 1986– 2011
  • Pham Dinh Long, Innovation and productivity of vietnamese small and medium enterprises:firm level panel data evidence

Session 2.2: Education

Chairperson: Kaustav Misra

  • Julie Buhl-Wiggers, Smaller classes – more graduates
  • Marine Emorine, Impact of work activity on school achievements. The case of Vietnam
  • Kaustav Misra, Competition, market structure and market characteristics: Evidence from public school efficiency

Session 2.3: Informal Sector, Mircrofinance Sector

Chairperson: Nguyen Thi Thu Hang

  • Rawaa Harati, Iluminating the Shadow Economy: Using lights from space to estimate a new measure of informal economic activity
  • Le Thuy Linh, Heterogeneity of the informal sector in vietnam: a quali-quanti approach
  • Nguyen Thi Thu Hang, A sustainable development model for organizations in the microfinance sector: The case of Vietnam

Session 2.4: Financial Issue 1

Chairperson: Toan Phan

  • Phu Kim Yen, Modeling of financial distress probability for vietnamese listed companies
  • Nguyen Manh Hiep, External financing choice: The case of Vietnamese listed companies
  • Toan Phan, Bubbles and overhang crashes

Session 3.1: Belief and Risk

Chairperson: Nguyen Thi Lan Anh

  • Graem Walker, The coevolution of beliefs and networks
  • Pham Khanh Nam, Risk preferences and development revisited a risk-income paradox
  • Keebong Park, Price movement after an information event detected by a new measure PIR
  • Nguyen Thi Lan Anh, An early warning signal approach and its application to South East Asia

Session 3.2: Firm Behaviour, Market Structure, and Consumer Behaviour, Data Collection

Chairperson: Tu Thuy Anh

  • Tu Thuy Anh, The Structure-Conduct-Performance paradigm revisited: an empirical analysis for Vietnamese firms
  • Nguyen Thi Mai Trang, Factors affecting purchase intention for luxury goods: Evidence from Vietnam
  • Junaid Ahmed, How Do Consumption Patterns of Foreign and Domestic Remittance Recipients And Non Recipients Compare_Evidence from Pakistan
  • Le Dang Trung, Technology: The Ultimate Solution to High-Quality Data

Session 3.3: Economic Policies, and Public Goods

Chairperson: Tomoo Kikuchi

  • Nguyen Thi Minh Hoa, Food security and the poor: regional effects of rice export policy on households in Vietnam
  • Nguyen Hoai Bao, The effects of fiscal shock on the current account balance and real exchange rate in Vietnam
  • Le Vo Phuong Mai, Monetarism rides again? US monetary policy in a world of Quantitative Easing
  • Tomoo Kikuchi, Global Public Goods and the Hegemonic Structure

Session 3.4: Inequalities, Gender, Ethnicity 1

Chairperson: Ho Hoang Anh

  • Carla Canelas, Gender and ethnicity in Bolivia, Ecuador, and Guatemala
  • Le Vu Quan, Women entrepreneurship in rural Vietnam: success and motivational factors
  • Ho Hoang Anh, Not a destiny: Ethnic diversity and redistribution reexamined
  • Nguyen Thi Minh Hoa, Language, mixed communes and infrastructure: Sources of inequality and ethnic minorities in Vietnam

Plenary session 3

Keynote speaker 3: Dr. Dinh Truong Hinh, World Bank, United State
Chair: Dr. Nguyen Ngoc Anh

Parallel session IV

Session 4.1: FDI and Domesticc Economies 2

Chairperson: Hoa Thanh Le

  • Quan Minh Quoc Binh, Bad FDI? Resource extraction and technology transfer
  • Tran Thi Phi Phung, The granger causality relationship between FDI, GDP and international tourist arrivals – Empirical evidence from 5 countries
  • Hoa Thanh Le, The flows of FDI to Vietnam: From policy to implementation

Session 4.2: FDI and Domestic Economies 3

Chairperson: Dinh Thi Thanh Binh

  • Nguyen The Hoang, The impact of foreign direct investment on employment in developing countries
  • Nguyen Phuong Quynh, Demonstration effects: Evidence from spatial foreign direct investment in Vietnam
  • Pham Thi Bich Ngoc, Backward Spillover from different foreign direct investment origins in the light of geographical distance and technology intensity of input consumption
  • Dinh Thi Thanh Binh, The survival of foreign firms in Vietnam

Session 4.3: Economic Integration, Trade Openness 1

Chairperson: Bach Ngoc Thang

  • Nguyen Tu Anh, Trade facilitation in asean members – a focus on logistics policies toward asean economic community
  • Khai Do Ba, Trade effects of Asean free trade area (AFTA) membership
  • Nguyen Binh Duong, Future Vietnam-EU free trade agreement (Vietnam-EU FTA): An analysis of trade creation and trade diversion effects
  • Bach Ngoc Thang, Firm dynamics in an entry liberalization period

Session 4.4: Economic Integration, Trade Openness 2

Chairperson: Niem Le Duc

  • Le Thai Ha, Trade openness, financial depth and economic development: Causality evidence from Asia – Pacific countries
  • Pham Van Nho, Analyzing the determinants of services trade flows between Vietnam and European Union: gravity model approach
  • Niem Le Duc, Why do similar countries trade with each other for the same goods?
  • Nguyen Truong Toan, Evidence of trade diversion: Effects of EU antidumping duties on Vietnamese footwear

Plenary session 4

Keynote speaker 4: Professor Yiannis Vailakis, Glasgow University, United Kingdom
Chair: Professor Tran Thi Anh Dao

Parallel session V

Session 5.1: Financial Issue 2

Chairperson: Le Trung Thanh

  • Le Trung Thanh, Multivariate copula: An application to emerging financial markets

Session 5.2: Rural Economies 1

Chairperson: Pham Quang Ngoc

  • To The Nguyen, Agricultural extension and technical efficiency of tea production in northeastern Vietnam
  • Pham Quang Ngoc, Household welfare and pricing of rice: does the large-scale field model matter for Vietnam

Session 5.3:

Chairperson: Nhung Nguyen

  • Nguyen Minh Ha, Determinants of the initial start-up size of new firms
  • Nhung Nguyen, Credit accessibility and small and medium sized enterprises growth in Vietnam

Session 5.4: Immigrants, and Expatriates

Chairperson: Thai-Tan Tran

  • Huyen Pham, Immigrant climate and domestic migration
  • Thai-Tan Tran, Cross-cultural management: Understanding the cultural problems that expatriates are facing in Vietnam

Parallel session VI

Session 6.1: Capital Management, Capital Market

Chairperson: Nguyen Dinh Tho

  • Tu Thi Kim Thoa, Relationship between working capital management and profitability – Empirical evidence from Vietnamese listed firms
  • Axel Demenet, Does managerial capital matter for microenterprises?
  • Nguyen Dinh Tho, Antecedent and outcome of marketing capital

Session 6.2: Rural Economies 2

Chairperson: Tu Van Binh

  • Nguyen Thi Dien, Turning land to livelihood: What are the socio-economic and institutional determinations of local land use in Red River Delta region?
  • Tu Van Binh, Relationships between farming network linkages and performance: an investigation into pangasius farmers in the Mekong Delta, Vietnam

Session 6.3: Economic Integration, and Trade Openness 4

Chairperson: Nguyen Trung Kien

  • Dang Vinh, Economic integration in the Asean: Evidence from micro-data
  • Le Thanh Nhan, The impact of import competition on working hours in Vietnam
  • Nguyen Trung Kien, Wage differentials between foreign invested and domestic enterprises in the manufacturing: Evidence from Vietnam

Session 6.4: Economic Integration, and Trade Openness 5

Chairperson: Duong Thi Hieu

  • Bui Duy Hung, Exchange rate pass-through in Vietnam
  • Hoang Xuan Trung, The effects of trade liberalization on stunting of children in rural Vietnam
  • Duong Thi Hieu, Testing sovereign contagion in European debt crisis

Parallel session VII

Session 7.1: Methodologies (Surveys, Categorical Principal Components

Chairperson: Giovanni Merola

  • Le Dang Trung, The importance of being surveyed: the representativeness and impact of the VHLSS
  • Giovanni Merola, Using sparse categorical principal components to estimate asset indices new methods with an application to rural South East Asia

Session 7.2: Inequalities, Gender, and Ethnicity 2

Chairperson: Phung Duc Tung

  • Dang Hai Anh, The welfare of ethnic groups in Vietnam 1989-2009
  • Phung Duc Tung, Do the poorest ethnic minorities benefit from a large-scale poverty reduction program? Evidence from Vietnam