Financial Viability For Sustainable Development Of Plastic And Packaging Companies Listed In Vietnam

Abstract

The study aimed to analyze the impact of financial viability on the sustainable development of plastic and packaging manufacturing companies under the Vietnam Stock Exchange – Import and Export (HNX, HoSE, and Upcom) through a study of 30 plastic and packaging companies, corresponding to 360 observations for the period 2010 - 2021. Using Qualitative Research (Synthetic Methods; Statistical methods, description; Inductive and interpretive methods) and quantitative research methods (linear regression methods), the author identified seven financial factors affecting the sustainable development of companies, including (1) Capital size of plastic and packaging manufacturing companies (Size); (2) Short-term debt ratio (Std); (3) Short-term asset investment ratio (Inv); (4) Ratio of accounts receivable (Rec); (5) Return on assets (ROA); (6) Return on equity (ROE). Based on the research results, the author offers several discussions and assessments on the critical role of improving the financial viability of plastic and packaging manufacturing companies and recommendations for financial solutions aimed at sustainable development for companies.