Foreign Direct Investment Enterprises Listed On The Stock Market: A Study In Vietnam
Main Article Content
Abstract
Foreign Direct Investment (FDI) enterprises are considered crucial economic components, significantly contributing to economic growth and development. Improving the efficiency of this economic sector can support the construction of a more sustainable socio-economic foundation. The FDI sector plays a vital role in the growth and integration into the international economy, providing capital, technology, managerial expertise, business acumen, organizational capabilities, and participation in global supply chains. In recent years, numerous studies have been conducted domestically and internationally to understand the factors influencing the profitability of enterprises. However, the number of in-depth studies, particularly regarding the business efficiency of FDI enterprises in Vietnam, remains limited. Alongside the main sources being joint-stock companies established under the Enterprise Law, the transformation of FDI enterprises into joint-stock companies under Government Decree 38/2003/ND-CP dated April 15, 2003, will be an important source, enriching the commodity for the stock market. Out of the 6 FDI enterprises recently licensed by the Ministry of Planning and Investment for conversion, 5 intend to list their shares on the stock exchange, indicating a keen interest in listing/registering shares for trading on the stock market.