Page 520 - Ebook HTKH 2024

BUSINESS EFFICIENCY IN THE TREND OF GREEN ECONOMIC

GROWTH AT HOA PHAT CORPORATION

Nguyen Tien Hung 212 , Ngo Khanh Vy 213 , Trieu Minh Thuy ,
214
215
Tran Thi Thanh Xuan

Abstract: In the context of Vietnam's industrialization, modernization, and international
economic integration, seeking measures to improve business efficiency in the trend of green economic
growth is a timely and crucial issue for the sustainable development of enterprises. Business efficiency
is a comprehensive economic indicator reflecting the level of utilization of enterprise resources: capital
(K), labor (L), production technology (T), and enterprise resources (R). The connotation of business
efficiency is very broad. This article uses statistical, comparative, and comprehensive analysis methods
to evaluate the financial efficiency and labor utilization of enterprises in the trend of green economic
growth, with a case study at Hoa Phat Group Joint Stock Company, with the implication of management
proposing measures to improve the company's business efficiency in the trend of green economic
growth. The data for the article is secondary data from the company's business and financial
performance reports from 2019 to 2023.
Keywords: Business efficiency, resource utilization efficiency, green economy, green economic
growth,

1. Introduction
Business efficiency is a comprehensive economic indicator reflecting the level of
use of resources: capital (K), labor (L), technology (T) and resources (R) of an enterprise
or an economy. Currently, with Vietnam's socialist-oriented market economy in the
period of accelerating industrialization, modernization, and international economic
integration, finding measures to improve business efficiency in the trend of green
economic growth is a regular and vital issue for enterprises. Hoa Phat Group Joint Stock

Company was converted from Hoa Phat Steel Joint Stock Company on January 9, 2007.
During its operation, the company has made many efforts to improve business
efficiency: financial efficiency indicators, asset management capability indicators.
However, in recent times, the business performance of Hoa Phat Steel Group Joint Stock
Company has revealed limitations and inadequacies: Revenue tends to decrease and has
not recovered compared to the COVID period, asset management ability tends to

fluctuate. This reality needs to be analyzed systematically; from there, timely solutions
are proposed. Based on the above reasons, the article analyzes some indicators of
efficiency and financial management ability with management implications, proposing
recommendations to improve the company's business efficiency in the trend of green
economic growth.
2. Theoretical
Concept of efficiency, business efficiency:

212 Hanoi Open University, Email: tienhung.kt@hou.edu.vn
213 Student at Hanoi Open University
214 Student at Hanoi Open University
215 Student at Hanoi Open University
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