Factors affecting effective supervision of payment of state funded projects at the state treasury of binh thuan province, vietnam

MEIHO UNIVERSITY Graduate Institute of Business and Management MASTERS THESIS Factors affecting Effective Supervision of Payment of State-funded Projects at the State Treasury of Binh Thuan Province, Vietnam In partial fulfillment of the requirements for the degree of Masters of Business Administration Advisor: Dr Ching-Wen Mo Co-advisor: Dr Ta Xuan Te Graduate Student: Tran Xuan Lanh December, 2010 ACKNOWLEDGMENTS I want to say thank to the Board of Rectors of Ho Chi Minh City University of Industry, Vietnam and Board of Rectors of Meiho University, Taiwan for giving me opportunity of participating this MBA program Much thanks to Associate Prof Dr Le Van Tan - Vice Rector, Associate Prof Dr Nguyen Minh Tuan - Dean of Department of Business Administration, Associate Prof Dr Vo Phuoc Tan - Dean of Postgraduate Department, Ho Chi Minh City University of Industry, for encouragement, convenience and advice given me during the time of study Special thanks to Dr Ching – Wen Mo, Graduate Institute of Business and Management, Meiho University, and Dr Ta Xuan Te, Ho Chi Minh City University of Industry, for valuable instruction and advice given me during the whole period of time of conducting this research Sincererily thank to professors, lecturers and staff of Postgraduate Department and Department of Business Administration, the EMBA2 classmates at Ho Chi Minh City University of Industry for supports given me during the past two years I’ve learned a lot of new knowledge and kills A deeply thank to President of Meiho University, Prof Dr Shan-Da Liu and Dr Ron-Chuen Yeh, Chair of Graduate Institute of Business and Management, as well as respectful professors, administrative clerks, and Taiwanese EMBA students at Meiho University for useful guidance, warmly greetings and friendly cares given us when we were in Taiwan Such behaviour and emotion were very impressive and certainly not easy to forget The great thanks to other closed people as my family members, my colleagues and friends at the State Treasure of Binh Thuan province and other State Treasures for great helps as providing information, convenient conditions, reference materials, advice and suggestions during the time I was conducting the research; especiall for those sincere encouragement Thank you very much! I Factors affecting Effective Supervision of Payment of State-funded Projects at the State Treasury of Binh Thuan Province, Vietnam ABSTRACT Construction investment is a critical operation involving with many different industries Its speed of development heavily influenced the pace of social–economic development However, the supervision of capital construction investment in Vietnam, generally speaking, and the supervision of capital construction investment in Binh Thuan province, specifically speaking, seems to be ineffective with some definite disadvantages As consequently, a necessary solution for improving this performance has been called for to make the supervision become more effective This study aims to identify factors that could affect the effectiveness of supervision of payment of state-funded capital construction investment at the State Treasury of Binh Thuan province in Vietnam (STBT) A questionnaire survey was conducted to collect data from people who are knowledgeable and experienced in activities concerning treasury field The analyzed statistics from 68 questionnaires showed that the factors of Plan and Mechanism of Payment, Human Resource and Information Technology, have significant effects on the effectiveness of supervision of payment of state-funded capital construction investment at STBT The other factors such as Mechanism/Policy, Managerial state agencies/consultor/tenders, Payment Mechanism, and Management of utilisation, have a little bit of influence on the effectiveness of supervision Keywords: Government Budget, Construction Investment, Supervision of Payment of State-Funded Capital Construction Investment, Owner of Project, Binh Thuan Province, Vietnam II Factors affecting Effective Supervision of Payment of State-funded Projects at the State Treasury of Binh Thuan Province, Vietnam Contents ACKNOWLEDGMENTS I ABSTRACT II Contents III Tables V Figures VII Chapter1 Introduction 1.1 Research Motivation 1.2 Research Purpose 1.3 Research Scope and Limitations 1.4 Definition of Terms Chapter Literature Review 2.1 Task of Supervision of Payment of State-funded Capital Construction Investment at State Treasury 2.2 Organization and Performance of Supervision of Payment of State-funded Capital Construction Investment at State Treasury 2.3 Organization of STBT 12 2.4 Some Unsolved Problems Concerning Supervision of Payment of State-funded Capital Construction Investment at STBT 15 Chapter Research Methodology 19 3.1 Research Framework 19 3.2 Research Steps 20 3.3 Research Sample 22 3.4 Research Instrument 22 3.5 Validity and Reliability of Research Instrument 24 3.6 Methods of Analysis 25 Chapter Research Results and Analysis 26 4.1 Demographic Analysis 26 4.2 Hypothesis Testing – Linear Regression Method 27 III 4.2.1 Testing of hypothesis 27 4.2.2 Testing of hypothesis 27 4.2.3 Testing of hypothesis 28 4.2.4 Testing of hypothesis 29 4.2.5 Testing of hypothesis 5.apital investment is good                               Consult-on-construction organizations have good qualification 10 State treasury is organized well to mission of supervising capital payment 11 Procedure of supervision state-funded capital investment in state treasury is organized strictly 12 Good supervision of capital payment is considered as how much loss of capital investment decreased 13 Planned capital construction investment is assigned complied with regulations 17 Effectiveness of state-funded construction investment projects is high 18 Difficulties met in implementation of state-funded construction investment projects 19 Loss of capital investment due to bad management 20 Efficient utilization of asset of state-funded construction investment projects 21 Effective utilization of asset of state-funded construction investment projects 42 Items 22 Staff whose duties concerning management of capital investment are capable and competent                                                                       23 Staff whose duties concerning management of capital investment achieved objectives well 24 Staff whose duties concerning management of capital investment are trusted 25 Staff whose duties concerning management of capital investment are equal in capability 26 Number of staff whose duties concerning management of capital investment is enough 27 Good IT facilities equipped for serving supervision of capital investment payment 28 Softwares used for for serving supervision of capital investment payment are not completely good 29 Staff whose duties concerning management of capital investment are good in applying IT in tasks 30 Training courses concerning IT run for staff are necessary 31 Effective supervision of capital investment payment helps remove wrong expenditures 32 Effective supervision of capital investment payment helps remove obstructures 33 Effective supervision of capital investment payment helps remove unexpected expenditures 34 Effective supervision of capital investment payment helps have concentrating investment to the right direction 35 Effective supervision of capital investment payment helps reduce time of payment 43 PART III PERSONAL IDEAS Please tell us what your ideas are concerning the effective supervision of payment of state-funded capital construction investment at the state treasury of Binh Thuan province, Vietnam ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… Thank you very much! 44 Attachment – Vietnamese Questionnaire MEIHO UNIVERSITY Graduate Institute of Business and Management #23 Pingguang Rd, Neipu, Pingdung 912, Taiwan Kính chào Q Anh/Chị! Tơi Trần Xuân Lành, học viên lớp Thạc sỹ Quản trị kinh doanh Vì trình làm luận văn “Các yếu tố ảnh hưởng hiệu công tác kiểm soát toán vốn đầu tư xây dựng Kho bạc Nhà nước tỉnh Bình Thuận, Việt Nam” nên thực bảng câu hỏi vấn nhằm thu thập liệu cần thiết cho luận văn Mục đích đề tài nhằm tìm yếu tố gây ảnh hưởng đến hiệu cơng tác kiểm sốt tốn vốn đầu tư xây dựng Kho bạc Nhà nước Bình Thuận, Việt Nam Từ đó, làm sở để đề xuất giải pháp nhằm nâng cao hiệu công tác kiểm soát toán vốn đầu tư Kho bạc Nhà nước Bình Thuận, Việt Nam Tơi thực biết ơn Quý Anh/Chị dành chút thời gian để điền vào bảng câu hỏi Mọi thông tin cá nhân phần trả lời Quý Anh/Chị giữ kín dành cho mục đích phân tích nội dung nghiên cứu thực có giá trị kết nghiên cứu đề tài Trần Xuân Lành Học viên cao học, Viện đào tạo sau đại học quản lý kinh doanh, Đại học Mỹ Hòa, Đài Loan 45 ... Investment, Owner of Project, Binh Thuan Province, Vietnam II Factors affecting Effective Supervision of Payment of State- funded Projects at the State Treasury of Binh Thuan Province, Vietnam Contents... of Supervision of Payment of State- funded Capital Construction Investment at State Treasury 2.2 Organization and Performance of Supervision of Payment of State- funded Capital Construction... Payment of State- funded Projects at the State Treasury of Binh Thuan Province, Vietnam ABSTRACT Construction investment is a critical operation involving with many different industries Its speed of