Luận văn thạc sĩ UEH: Các yếu tố quyết định khả năng vay vốn của DN tại KCN TPHCM

Luận văn thạc sĩ phân tích ueh determinats of ability getting banks loan case of enterprises located in ip epz in hochiminh, đánh giá thực trạng, chỉ ra hạn chế, đề xuất giải pháp

• Tác giả: Lam Canh Duong
• Người hướng dẫn: Dr. Vo Thi Quy
• Trường học: University of Economics
• Chuyên ngành: Development Economics
• Đề tài: Determinants of Ability Getting Bank's Loan Case of Enterprises Located in IP & EPZ in Hochiminh City
• Loại tài liệu: thesis
• Năm xuất bản: 2007
• Địa điểm: Ho Chi Minh City

Mục lục chi tiết

• 1. CHAPTER 1: INTRODUCTION
• 1.1. Scope of study
• 1.2. The structure of thesis
• 2. CHAPTER II: THE SITUATION OF CREDIT ACTIVITY IN INDUSTRIAL PARKS AND EXPORT PROCESSING ZONES IN HOCHIMINH CITY
• 2.1. The process of forming and the role of IPs & EPZs in Vietnam
• 2.2. Type of IPs in the world and in the region
• 2.3. Indispensable of development scheme IPs & EPZs in Vietnam
• 2.4. Development situation of IPs & EPZs in HCM city
• 2.5. Historical of developing of IPs & EPZs in HCM city
• 2.6. The situation of activity of enterprise in IPs & EPZs
• 2.7. The role of credit to development of IPs & EPZs
• 2.8. The situation of lending activity of bank for enterprise in IPs
• 2.9. Summary of the chapter
• 3. CHAPTER III: LITERATURE REVIEW
• 3.1. Concept of Credit
• 3.2. Nature and functions of banking credit
• 3.3. Corporate Demand on Capital
• 3.4. Cost of using Debt
• 3.5. Lending with Adverse Selection
• 3.6. Credit analysis and Loan decision
• 4. CHAPTER IV: METHODOLOGY
• 4.1. The econometric design
• 4.2. The Conceptual design
• 4.3. Data collection method
• 5. CHAPTER V: DATA PROCESSING AND EMPIRICAL RESULT
• 5.1. Determine the number of factors
• 5.2. Putting name and interpreting factors
• 5.3. Evaluating level of appropriate of regression model
• 5.4. Testing reliability of multiple linear regression model
• 5.5. The reasons explaining enterprise's difficulty in obtaining Loans
• 5.6. Summary this chapter
• 6. CHAPTER VI: CONCLUSION AND POLICY IMPLICATION

Tóm tắt

I. Tổng quan về luận văn thạc sĩ và khả năng vay vốn ngân hàng

Luận văn thạc sĩ này tập trung vào việc phân tích các yếu tố quyết định khả năng vay vốn ngân hàng của các doanh nghiệp tại khu công nghiệp và khu chế xuất ở TP.HCM. Nghiên cứu này không chỉ giúp hiểu rõ hơn về quy trình vay vốn mà còn chỉ ra những thách thức mà các doanh nghiệp phải đối mặt trong việc tiếp cận nguồn vốn ngân hàng.

1.1. Khái niệm và tầm quan trọng của luận văn thạc sĩ

Luận văn thạc sĩ là một nghiên cứu sâu sắc về một chủ đề cụ thể, trong đó việc phân tích các yếu tố ảnh hưởng đến khả năng vay vốn ngân hàng là rất quan trọng. Điều này giúp các doanh nghiệp hiểu rõ hơn về các yêu cầu và quy trình vay vốn.

1.2. Tình hình vay vốn ngân hàng tại khu công nghiệp TP.HCM

Tình hình vay vốn ngân hàng tại khu công nghiệp TP.HCM đang gặp nhiều khó khăn do các yếu tố như thông tin không đầy đủ và yêu cầu cao từ ngân hàng. Điều này ảnh hưởng đến khả năng vay vốn của các doanh nghiệp.

II. Các thách thức trong việc vay vốn ngân hàng cho doanh nghiệp

Doanh nghiệp tại khu công nghiệp và khu chế xuất thường gặp nhiều thách thức trong việc tiếp cận nguồn vốn ngân hàng. Những thách thức này bao gồm yêu cầu về tài sản thế chấp, thông tin tài chính không minh bạch và sự thiếu hụt kinh nghiệm trong việc chuẩn bị hồ sơ vay.

2.1. Yêu cầu về tài sản thế chấp và khả năng tài chính

Yêu cầu về tài sản thế chấp là một trong những yếu tố quyết định khả năng vay vốn của doanh nghiệp. Nhiều doanh nghiệp nhỏ không có đủ tài sản để thế chấp, dẫn đến việc khó khăn trong việc tiếp cận vốn.

2.2. Thiếu thông tin và kinh nghiệm trong vay vốn

Nhiều doanh nghiệp không có đủ thông tin về quy trình vay vốn ngân hàng, dẫn đến việc họ không thể chuẩn bị hồ sơ vay một cách đầy đủ và chính xác.

III. Phương pháp nghiên cứu và phân tích dữ liệu trong luận văn

Luận văn sử dụng phương pháp nghiên cứu định tính và định lượng để phân tích các yếu tố ảnh hưởng đến khả năng vay vốn ngân hàng. Dữ liệu được thu thập từ các doanh nghiệp tại khu công nghiệp và khu chế xuất ở TP.HCM.

3.1. Phương pháp thu thập dữ liệu

Dữ liệu được thu thập thông qua khảo sát và phỏng vấn các doanh nghiệp, giúp cung cấp cái nhìn sâu sắc về tình hình vay vốn ngân hàng.

3.2. Phân tích dữ liệu và kết quả

Dữ liệu thu thập được sẽ được phân tích bằng các phương pháp thống kê để xác định các yếu tố quyết định khả năng vay vốn của doanh nghiệp.

IV. Kết quả nghiên cứu và ứng dụng thực tiễn

Kết quả nghiên cứu cho thấy rằng các yếu tố như tài sản thế chấp, uy tín doanh nghiệp và mối quan hệ với ngân hàng có ảnh hưởng lớn đến khả năng vay vốn. Những phát hiện này có thể được áp dụng để cải thiện quy trình vay vốn cho doanh nghiệp.

4.1. Các yếu tố quyết định khả năng vay vốn

Nghiên cứu chỉ ra rằng tài sản thế chấp và uy tín doanh nghiệp là hai yếu tố quan trọng nhất trong việc quyết định khả năng vay vốn ngân hàng.

4.2. Ứng dụng kết quả nghiên cứu vào thực tiễn

Các doanh nghiệp có thể sử dụng những phát hiện từ nghiên cứu này để cải thiện khả năng vay vốn của mình, từ đó thúc đẩy sự phát triển kinh doanh.

V. Kết luận và triển vọng tương lai của nghiên cứu

Luận văn kết luận rằng việc cải thiện khả năng vay vốn ngân hàng cho doanh nghiệp tại khu công nghiệp và khu chế xuất là rất cần thiết. Nghiên cứu mở ra hướng đi mới cho các doanh nghiệp trong việc tiếp cận nguồn vốn.

5.1. Tóm tắt các phát hiện chính

Các phát hiện chính của nghiên cứu cho thấy rằng việc cải thiện tài sản thế chấp và uy tín doanh nghiệp là rất quan trọng để tăng khả năng vay vốn.

5.2. Triển vọng tương lai cho doanh nghiệp

Nghiên cứu mở ra nhiều cơ hội cho doanh nghiệp trong việc tiếp cận nguồn vốn ngân hàng, từ đó thúc đẩy sự phát triển kinh tế tại khu công nghiệp và khu chế xuất.

Trích đoạn nội dung tài liệu

UNIVERSITY OF ECONOMICS INSTITUTE OF SOCIAL STUDIES HO CHI MINH CITY THE HAGUE VIETNAM NETHERLANDS VIE1NAM-NETHERLANDS PROJECT FOR M.A ON DEVELOPMENT ECONOMICS DETERMINANTS OF ABILITY GETTING BANK'S LOAN CASE OF ENTERPRISES LOCATED IN IP & EPZ IN HOCHIMINH CITY A thesis submitted in partial fulfillment of the requirements for the degree of MASTER OF ARTS IN DEVELOPMENT ECONOMICS BY LAM CANH DUONG BQ GIAO Dl)C VA fJAO T/·C> • TRLIClNG E>H KINH TE TP .HCMI Academic Supervisor: THU VI:¢N ( Dr. VO THI QUY bI Ab S"\) l Ho Chi Minh City, November 2007 N VAN CHAT LUONG download : add luanvanchat@agmail.c CERTIFICATION "I certificate that the thesis is my own research working. The data and result which mentioned in the thesis are honest and have been not submitted for any degree" Signature Lam Canh Duong N VAN CHAT LUONG download : add luanvanchat@agmail.c ACKNOWLEDGMENT I would like to express my appreciation to the following people who helped me to achieve this thesis and without them; I could not get successful results. First of all, I would like to thank the following individuals and organization for their helpful supports. Doctor Vo Thi Quy, the academic supervisor in the domain of learning, she, who has spent much time in advising to this essay. Her ideas and comments that helped my thesis much more clear and coherent. I would like to thank, particularly, Doctor Nguyen Trong Hoai, who has given me much valuable advices and necessary skills to orient and consolidate my point of view so far during my statement this thesis. I would like to thank to all Lecturers and Staff of Vietnam-Netherlands' Project for Master on Development Economics, thank to this helpful program, I have improved my knowledge as well as understanding a basic development economics and a method of science studying which meet international standard. In addition, it seems appropriate to acknowledge all of my colleagues whose have been so helpful during my studying course by their assistances, encouragements and cooperation as well as sharing their hands during my preparation ofthis composition. Finally, I would like to thank all of my family members who have helped and encouraged me much more since the beginning until achievement this thesis. ii N VAN CHAT LUONG download : add luanvanchat@agmail.c ABSTRACT Credit capital is one of main resources of financing for Enterprises in developing countries; Vietnam is going on the way of modernization and industrialization the economy; the developing of Industrial Parks and Export-processing Zones role important for the growth of the economy. Enterprises doing business in Industrial Parks and Export-processing Zones have demand for banks' Loan, but there are many factors that effect Enterprises' ability to borrow from banks. Base on practically of Vietnam and data survey, this thesis investigates determinants of ability getting banks' Loan case of Enterprise operating in Industrial Parks and Export-processing Zones in Hochiminh City. It is figured out that besides collateral as a decisive factor, two main factors distributing important role in the process of applying and getting Loan are character and capacity of Enterprises. Thus, for enterprise wishing to borrow from bank, they should improve their character and capacity. In other hand, Banks that want to speed up sustainable developing in this market, they should have attention on their credit policy that concentrate to explore these conditions mentioned. iii N VAN CHAT LUONG download : add luanvanchat@agmail.c TABLE OF CONTENTS CHAPTER 1: INTRODUCTION .3 Scope of study .5 The structure of thesis . 4 CHAPTER II: THE SITUATION OF CREDIT ACTIVITY IN INDUSTRIAL PARKS AND EXPORT PROCESSING ZONES IN HOCHIMINH CITY .1 The process offorming and the role ofiPs & EPZs in Vietnam .1 Type ofiPs in the world and in the region .2 Indispensable of development scheme IPs & EPZs in Vietnam .2 Development situation of IPs & EPZs in HCM city .1 Historical of developing of IPs & EPZs in HCM city .2 The situation of activity of enterprise in IPs & EPZs .3 The role of credit to development ofiPs & EPZs .4 The situation of lending activity of bank for enterprise in IPs .5 Summary of the chapter . 15 CHAPTER III: LITERATURE REVIEW .1 Concept of Credit.2 Nature and functions of banking credit .3 Corporate Demand on Capital.4 Cost of using Debt .1 Lending with Adverse Selection .8 Credit analysis and Loan decision . 34 CHAPTER IV: METHODOLOGY . 38 iv N VAN CHAT LUONG download : add luanvanchat@agmail.1 The econometric design .2 The Conceptual design .3 Data collection method . 42 CHAPTER V: DATA PROCESSING AND EMPIRICAL RESULT .1 Determine the number offactors .3 Putting name and interpreting factors .1 Evaluating level of appropriate of regression model.2 Testing reliability of multiple linear regression model.2 The reasons explaining enterprise's difficulty in obtaining Loans .4 Summary this chapter . 57 CHAPTER VI: CONCLUSION AND POLICY IMPLICATION . 60 v N VAN CHAT LUONG download : add luanvanchat@agmail.c LIST OF TABLE Table 2.1 The situation of lending and accumulated loan .2 Loan accumulated and weigh ofloan in IPs, EPZs .3 Market share and type ofbanks .2 A Framework for finance statement analysis .4 Following explain the meaning ofvariales .1 Distribution of population .1 Total Variance Explained .3 The map of hypothesis testing .7 Coefficients(a) ofTwo models .8 (a)Type of Enterprise in descriptive statistic.8 (d) Main business line .9 Reasons explaining enterprise's difficulty in obtaining Loans . 57 vi N VAN CHAT LUONG download : add luanvanchat@agmail.c ABBREVIATION AI Asymmetric information AS Adverse selection BOD Board of Director CEO Chief Executive Officer CFO Chief Financial Officer CIC Credit Information Center EPZs Export - Processing Zones HCMC Ho Chi Minh City HEPZA the HCMC Export Processing & Industrial Zone management unit IPs Industrial Parks MH Moral hazard SME Small and Medium Enterprise TC Total cost VND Vietnam currency in Dong % Percentage vii N VAN CHAT LUONG download : add luanvanchat@agmail.1 Background In the recent years, the accumulate of Credit's accelerate in the Industrial Parks and Export-Processing Zones in HCMC growth quickly; By the end of December 2005, The Total amount was reached 15,203 billion VN dong, Increase 6.7 times compare with year 2001. Growth rate of Credit simultaneously increasing of number of banks take in part on Credit activities field are 52 units included: 21 commercial banks, 12 joint-stock banks, 3 joint - venture banks, 14 branch of foreign banks, 1 leasing company, 1 joint stock leasing company.(The State Bank of Vietnam, 2005) The increasing of amount of Credit as well as the distribution of banks show that the potential and intendancy of investments gain effectiveness on growth of Enterprises in industry Park and Processing Zone in HCMC, But , In order to approach the banking finance is still problem for the case of Enterprises located in Industry Parks and Export Processing Zones which caused by the conditions to apply for Loan: The Small and Medium-sized enterprises that have just moved and established the business in the Industry Parks usually got the obstacles on ability of finance, moreover, with the typical management followed the family tradition made the business successful is not high. Therefore, it is really hard for Bank to valuate finance capacity of companies that want to make long term investment: As the aspect of competition, being the lack of information in Credit market, The Domestic Banks have less advantage than the Foreign Bank in approach and supply capital for Enterprises which attribute the foreign equity capital; Moreover, With tax policy, and favorable tax (reducing tax for the new established business) affected to psychology of intendancy in declare lost carried out in finance statement of Enterprises, Those were distorted the project appraisal concerned with the bank loan; For Enterprises, the property rights of using land or certificate of construction site implemented slowly which impact on collateral, mortgage asset formed from the Loan. To solve the issues mentioned above, this study try to make clearly what factors effect to ability of enterprise getting loan from bank in the case of enterprises located in Industrial Parks and Export-processing Zones in HCMC. 1 N VAN CHAT LUONG download : add luanvanchat@agmail.c Implementing the policy of Vietnam Gov, and the instructions of HCMC's People Committee in developing IPs & EPZs to mobilization Internal and External resource allocation, contributing for economic growth and social develop of HCM City partially , and general speaking for the Country; At begin of 200 1, 11 IPs & EPZs have been established including : 3 EPZs ( Tan Thuan, Linh Trung1, Ling Trung 2) and 8 IPs ( Binh Chieu, Le Minh Xuan, Tan Binh , Tan Tao, Tan Thoi Hiep, North- West Cu Chi, Vinh Loc, Hiep Phuoc). Total Enterprises that given business licenses are 492 , combine 257 Enterprises which have 1,121, millions US Foreign Capital invest and 253 domestic enterprises which have 3,528 billion VND capital invested; Almost of the infrastructure Company have large demand for capital loan, approximately equal 860 billion VND, to complete infrastructure's category of constructions , and facilitates public, and to expand the scale of IP & EPZs to service Enterprise, Simultaneously, the HCMC's policy about moving the firms located in residents areas (Those firms caused pollution in the City itself) enter IP & EPZs , making urgent required capital for Enterprise in equipment the new system machines replacing the old system, upgrading management organization and scale of their business. The demands of Loan from Bank are very large , however, many of project meet difficulties in approach to Loan which caused by obligating regulations from Bank; with the history in business , the enterprise themselves can not using their trade mark or prestige for borrowing via Credit mechanisms, It is hardly to apply for procedures sufficiently to borrow or remittance as regulations; some of company are still hesitate to contact with commercial banks ; otherwise, It is hardly to approach other services of bank , because the services of bank in Vietnam have not developed efficiency and popularly; With theory related the asymmetric information, Bank itself prudentially consider about risks management, to reducing risk, bank offer many conditions on contractual loan. Intuition, there are many variables affect to ability of Enterprises borrowing capital from bank, such as collateral, internal funds, firm size, contractual clauses, and credit relationship between firms and banks etc . , so, this paper is intend to 2 N VAN CHAT LUONG download : add luanvanchat@agmail.c examine what determinants affected the probability of getting Loan by empirical method. Key word: HCMC- Ho Chi Minh City, VND- the currency of Vietnam, IPs & EPZs -Industrial Park and Export Processing Zone; Probability to get Loan, determinant factors.2 Research question Supplying loan for companies wishing borrow is a traditional credit task of Bank, however, in order to contact with company, determinant those applications that have sufficiency conditions to access loan, bank itself have make efforts; Since 2001, bank have improved in marketing , evaluation, innovated the process of credit operation quickly and efficiency. For Enterprises, as the demand side, they got so many difficulties to borrow money from Bank. In case of enterprises located in Industrial Parks and Export processing zones in HCMC, the emerge questions as following: (l)What are the advantages and disadvantages for enterprise working in IPs and EPZs? (2)What are the factors to affect to ability of enterprise in approach the finance from banks? (3)How the asymmetric information make difficulties for credit activity of bank to company located in IPs and EPZs? Enterprises need finance capital in operation and finance its growth, they can seek for different resources of finance, but in the scope of this study, I would like to concentrate in exploring Bank lending, because Bank lending is an importance source of funding for firm by theoretically; 1.