International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

Frequency: 12
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 Volume 11, Issue 1 (January 2024), Pages: 40-45

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 Original Research Paper

Enhancing operational efficiency in Vietnamese securities companies: Lessons from global practices and strategic recommendations

 Author(s): 

 Tien Cao Minh *

 Affiliation(s):

 Department of Banking and Insurance, Academy of Finance, Hanoi, Vietnam

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0001-5900-4231

 Digital Object Identifier (DOI)

 https://doi.org/10.21833/ijaas.2024.01.005

 Abstract

This study aims to improve the operational efficiency of Vietnamese securities companies by analyzing international practices and deriving pertinent lessons. Employing a research sample of secondary data, including audited financial statements and financial safety ratio reports from 70 Vietnamese stock market companies between 2013 and 2020, the study adopts analytical, synthetic, and comparative methodologies, underpinned by historical materialism. It meticulously investigates and evaluates practical aspects of business efficiency in securities companies, pinpointing specific challenges impeding operational efficiency in the Vietnamese context. The findings emphasize the need for substantial financial resources, advanced technical infrastructure, enhanced human resource quality and research activities, development of consulting services, and diversification of business operations and investor clientele. Additionally, it highlights the importance of flexible business strategies and effective utilization of company strengths. These insights offer a blueprint for Vietnamese securities firms to improve their performance and competitiveness in the global market.

 © 2023 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

 Operational efficiency, Vietnamese securities companies, Global practices, Strategic recommendations, Financial analysis

 Article history

 Received 16 August 2023, Received in revised form 9 December 2023, Accepted 22 December 2023

 Acknowledgment 

No Acknowledgment.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Minh TC (2024). Enhancing operational efficiency in Vietnamese securities companies: Lessons from global practices and strategic recommendations. International Journal of Advanced and Applied Sciences, 11(1): 40-45

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 Figures

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 Tables

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