Evaluating the Business Performance of Seaport Enterprises in Vietnam

Thi Kim Lien Nguyen (), Hoang Nga Le, Bach Dang Ha, Quoc Ngu Nguyen, Pham Van Phi () and Dinh Van Dan
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Thi Kim Lien Nguyen: Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam
Hoang Nga Le: Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam
Bach Dang Ha: Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam
Quoc Ngu Nguyen: Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam
Pham Van Phi: Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam
Dinh Van Dan: Department of Economics-Business Administration, Thanh Dong University, Tu Minh, Hai Duong 171960, Vietnam

Sustainability, 2024, vol. 16, issue 19, 1-21

Abstract: International economic trade plays a crucial role in global merchandise supply chains; as such, the development of industries is critical to enhance the expansion and growth of marine transportation services. In Vietnam, commercial activities are rapidly expanding, and there is a strong foundation for developing seaport enterprises. This research aims to evaluate and rank the business performance of seaport enterprises in Vietnam by analyzing the ratio of various variables in the financial statements from 2019 to 2023 via an integration of the Criteria Importance Through Intercriteria Correlation (CRITIC) and Combined Compromise Solution (COCOSO) methods. First, the weight of each variable will be determined by the CRITIC method. Second, the efficiency and rank of each alternative will be identified by the COCOSO method. These empirical results revealed the business performance and position of each seaport enterprise based on the efficiency scores, providing valuable insights into their financial operations. Additionally, the findings described a comprehensive overview of maritime transport and recommended actionable solutions to improve the business performance of seaport enterprises in the future.

Keywords: criteria importance through intercriteria correlation (CRITIC); combined compromise solution (COCOSO) method; business performance; seaport enterprise (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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