TAILIEUCHUNG - Performance of the Vietnamese automobile industry: A measurement using DEA
This paper assesses the efficiency and productivity change in the Vietnamese automobile industry using Data Envelopment Analysis (DEA) approach and the productivity change was determined using the Malmquist Index approach. To the best of our knowledge, this is the first study to do so. | Asian Journal of Business and Management (ISSN: 2321 - 2802) Volume 02 – Issue 03, June 2014 Performance of the Vietnamese Automobile Industry: A Measurement using DEA Duc-Hiep Tran1, Dang-Thanh Ngo2 1 VNU University of Economics and Business 144 Xuan Thuy Road, Cau Giay District, Hanoi, Vietnam 2 VNU University of Economics and Business 144 Xuan Thuy Road, Cau Giay District, Hanoi, Vietnam Email: ndthanhf {at} ABSTRACT - In Vietnam, the automobile industry was seen as a very important sector of the economy. This paper studies the efficiency and productivity change of the Vietnamese automobile industry during the 2004-2007 periods, employing the Malmquist - Data Envelopment Analysis approach. For the best of our knowledge, this is the first study to do so. Our findings showed that efficiency of the Vietnamese automobile firms were low, with the highest average score of in 2007. Major issues concerning inefficiency in the industry related to a big waste in using capital resources and thus, the actual turnovers were far less than its capability. By utilizing their production capacity, automobile firms in Vietnam could increase their productivity; however, its speed was decreased. Since technology could affect capacity utilization, it could be better for Vietnam to focus on this issue with preference. Keywords - automobile industry, Vietnam, data envelopment analysis, performance 1 INTRODUCTION The automobile industry is the “world’s largest manufacturing activity” [1, p. 11]. The automobile industry, as a customer, motivates the development of iron–steel, petrochemical and tire industries. As a producer, it provides all types of motor vehicles for tourism, infrastructure maintenance, transportation, and agriculture. Therefore, any changes in the automobile industry will affect the entire economy [2]. Despite the important role of the automobile industry, studies on efficiency or performance of this sector are limited. In addition, since the .
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