Một số giải pháp nâng cao hiệu sử dụng vốn Tổng Cơng ty Tài Cổ phần Dầu khí Việt Nam (PVFC) Phan Thu Hà Đại học Quốc gia Hà Nội Chuyên ngành: Quản trị Kinh doanh; Mã số: 60 34 05 Người hướng dẫn: TS Nguyễn Việt Dũng Năm bảo vệ: 2012 Abstract: This Thesis has presented the theory framework of the capital using activities in finance companies and described some assessment criteria on the performance of those activities At the same time, this Thesis has explained the different types of risk which affect the capital using process, together with the quantitative indicators in order to develop proper assessments on the concerned risks Providing detailed analysis on the status of current activities of capital use in PVFC, besides some achievements, author’s analysis has proven the weaknesses in performance of PVFC, which can be observed through the increasing NPL ratio, poor liquidity, strong reliance on inter-bank market, inappropriate assets-liabilities structure Making proposal of some solutions including specific solutions for capital mobilization, credit, and investment activities, besides, the author has presented the overall solutions, for instance, improvement and innovation in technology, enhancement of management capability and internal control, marketing, human resources solutions and a number of recommendations to improve the efficiency of the capital use in PVFC Keywords: Quản trị kinh doanh; Quản lý tài chính; Nguồn vốn; Sử dụng vốn Content TABLE OF CONTENTS ACKNOWLEDGEMENTS i ABSTRACT ii TÓM TẮT iv TABLE OF CONTENTS vi LIST OF FIGURES ix LIST OF TABLES x LIST OF ABBRIVIATIONS xi INTRODUCTION .1 CHAPTER 1: LITERATURE REVIEW ON THE PERFORMANCE OF CAPITAL UTILIZATION IN FINANCE COMPANY 1.1 Introduction to finance company .5 1.1.1 The definition and classification of finance companies .5 1.1.2 The role of finance companies 1.1.3 The major activities of finance company 1.2 Improve the performance of capital use in finance companies 12 1.2.1 Definition of capital efficiency 12 1.2.2 The needs to improve the performance of capital use in finance companies 14 1.2.3 Assessment on the performance of capital use in finance company 15 1.3 Factors affect the performance of capital use in finance company 24 1.3.1 The impacts of State policies and regulations 24 1.3.2 Impacts of the development strategies and mechanism of the parent company 25 1.3.3 The internal factors of the finance company 27 vi CHAPTER 2: ASSESSMENTS ON THE PERFORMANCE OF CAPITAL UTILIZATION IN PVFC .31 2.1 Overview of PetroVietnam Finance Joint Stock Corporation (PVFC) .31 2.1.1 Company introduction 31 2.1.2 Scope of business .33 2.1.3 Business performance of PVFC in recent years .35 2.2 Assessment on the performance of capital utilization in PVFC 43 2.2.1 Assessment of capital mobilization activities 43 2.2.2 Assessment of capital utilization 47 2.2.3 Analysis of performance indicators of capital efficiency .55 2.3 Achievements, limitations and causes .67 2.3.1 Achievements 67 2.3.2 Limitations and causes .68 CHAPTER 3: SOLUTIONS TO ENHANCE THE PERFORMANCE OF CAPITAL UTILIZATION IN PVFC 74 3.1 Opportunities and challenges for PVFC and its development orientation 74 3.1.1 Opportunities and challenges 74 3.1.2 PVFC’s development orientation .76 3.2 Solutions to improve the efficiency of capital use at PVFC 76 3.2.1 Solutions to enhance capital mobilization activities 76 3.2.2 Solutions to improve the performance of credit activities .80 3.2.3 Solutions to improve the performance of financial investment, project investment 87 3.3 The overall solutions for PVFC .90 3.3.1 Investment, innovation, improvement in banking technologies 90 3.3.2 Improve the capability of assets- liabilities management 91 3.3.3 Enhancing the capacity of the internal control system 92 vii 3.3.4 Marketing solutions 93 3.3.5 Focus on developing human resources 94 3.4 Recommendations .95 3.4.1 Recommendations for SBV 95 3.4.2 Recommendations for PVN .97 CHAPTER SUMMARY 99 CONCLUSION 100 BIBLIOGRAPHY 102 viii BIBLIOGRAPHY Vietnamese materials Dang Duy Cuong (2010), “Mot so van de ve quan tri rui ro sau cuoc khung hoang tai chinh toan cau”, Banking Magazine, Issue no 20, pp 18-20, Hanoi Tran Cong Dieu (2002), Nhung giai phap nham hoan thien va phat trien cong ty tai chinh o Viet Nam, Ph.D Thesis, Banking Academy, Hanoi The Governor of State Bank of Vietnam (2005), Decision No 493/2005/QDNHNN on the issuance of regulation on the debts classification, provisioning and use of provisions against credit risks in the banking activity of credit institutions, Hanoi Minh Hoa (2010), “Tong Cong ty Tai chinh Co phan Dau Viet Nam, Dinh che tai chih quan cua PVN”, Banking Magazine, Issue no 19, pp 16-17, Hanoi Dam Van Hue, Phan Thu Ha (2010), Quan tri ngan hang thuong mai, National Economics University, Hanoi Nguyen Minh Kieu (2009), Quan tri rui ro tai chinh, Statistical Publishing House, Hanoi Nguyen Minh Kieu (2008), Nghiep vu ngan hang thuong mai, Statistical Publishing House, Hanoi Ho Ky Minh (2001), “Ve mo hinh Cong ty Tai chinh cac Tong Cong ty Nha nuoc o Viet Nam”, Economy and forecast review, Issue no 11, pp 9-10 Ho Ky Minh (2002), “Mot so giai phap hoan thien va phat trien hoat dong cua cong ty tai chinh Tong Cong ty Nha nuoc o Viet Nam”, Banking magazine, Issue no 3, pp 35-39 10 The National Assembly of Socialist Republic of Vietnam (2010), Law No 47/2010/QH12 on credit institutions, Hanoi 11 Pham Thi Ngat, Dao Ngoc Chuyen (2010), “Mot so kho khan xu ly no xau cua ngan hang thuong mai”, Banking Magazine, Issue no 18, pp 49-51, Hanoi 102 12 Petrovietnam Finance Joint Stock Corporation, Financial Statements in 2007, 2008, 2009, 2010, 2011, Hanoi 13 Petrovietnam Finance Joint Stock Corporation, Annual reports in 2008, 2009, 2010, 2011, Hanoi 14 The State Bank of Vietnam (2010), Circular No 13/2010/TT-NHNN on stipulating prudential ratios in operations of credit institutions, Hanoi 15 The State Bank of Vietnam (2012), Circular No 21/2012/TT-NHNN on operation of lending, borrowing; 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