Assoc.Prof. PhD Tran Thi Thanh Tu
Trường Quốc tế - ĐHQG Hà Nội

Assoc.Prof. PhD Trần Thị Thanh Tú

Education

• 2018-2019: US-ASEAN Fulbright visiting scholar at University of Massachusetts Lowell, USA
• 2007: Doctor of Finance, National Economics University, Vietnam.
• 2006: Master of International Accounting, Swinburne University of Technology, Australia.
• 1998: Bachelor of Banking and Finance, National Economics University, Vietnam.

Main research direction

Research direction 1: Capital structure and evaluation

– Define the problem and reasons for for the research direction: This is my main research direction during the time of researching LATS, and developing post-doctoral research, directly contributing to improving the quality and expertise of my teaching in the Department of Corporate Finance, National Economics University.

– Research method: Qualitative and quantitative research methods are used in combination, depending on each specific study: descriptive statistical analysis method, method using econometric model for quantitative analysis, comparative analysis, expert method, and case study method.

– Projects that have been and are being implemented: Led 01 ministerial project, order number [1] in section 6 form 1, participated in 01 national project KX01.16-20, participated in 01 ministerial project, 01 Nafosted project, supervised 01 PhD student related with this research direction.

– Published/recognized research results: Formed and developed a new research direction on capital structure of a company at that time, developed in-depth research on factors affecting capital structure, the impact of capital structure on business performance, and business valuation. After that, many Ph.D. students in Vietnam continued to develop this research direction. Associate Professor Tu has published 21/77 articles in prestigious domestic and international journals.

Research direction 2: Corporate Governance in Banking and Bank Restructuring

– Define the problem and reasons for the research direction: Since 2011, when I moved to work at the University of Economics, VNUHN, it was also the period when the State Bank implemented Decision No. 254 November 2011 on Restructuring the system of credit institutions (CIs), with the desire to contribute scientific arguments to one of the three important issues of economic restructuring at that time, my research team and I chose the research direction on Corporate Governance in Banking and Bank Restructuring. Main research topics include international principles and best practices on corporate governance in banking, bank restructuring, risk appetite, characteristics of Vietnamese bank Boards of Directors, the relationship between characteristics of corporate governance and banking performance, transparency and information disclosure in banking, changes in corporate governance in banking before and after the global financial crisis, proactive restructuring and passive restructuring, risk management in commercial banks. This is also the research direction that creates the foundation for developing the Master’s program in Financial Institution Management at the University of Economics and Business, VNUHN (2016).

– Research methods: New econometric analysis methods are focused and applied in research: regression method to estimate endogenous variables GMM (Generalized Method of Moments), regression method for array data FEM (Fix Effect Models), REM (Random Effect Models). Qualitative research methods and in-depth interviews with experts were conducted to supplement scientific arguments, and estimated results were performed using quantitative research. From there, further clarify the practical evidence of the research problem and help propose policy recommendations.

– Projects that have been and are being implemented: Led 01 key VNU-level project, order number [03] Section 6 Form 01, and participated in 02 VNU-level projects, 01 KX01.16-20 project, supervised 06 PhD students in this research direction.

– Published/recognized research results: Systematized theory on corporate governance in banking, international experience on corporate governance in banking, filled the research gap on factors affecting corporate governance in banking, the impact of corporate governance on bank performance, specifically in 36 articles, including 6 articles in prestigious international journals.

Research direction 3: Green Banking Finance and Circular Economy

– Define the problem and reasons for the research direction: This is a modern research direction in the world since the early years of the 21^st century, when the world economy is aiming for sustainable development. In Vietnam, to implement the Green Growth Strategy until 2045, the role of the banking system in the economy is extremely important, when up to 70% of capital supplied to the economy comes through the banking system according to Wordbank’s National Reports. Therefore, I chose to research Green Banking Finance and Circular Economy in the context of sustainable development of the economy, and this is also one of the two majors of the Faculty of Banking and Finance: Commercial Banking.

This is a research direction that is both in-depth and interdisciplinary, with the following topics: international experience in developing green banking models and green investment funds; green credit policies, green investment, sets of indicators to measure the level of “greening” of businesses; the Government’s role in establishing a green financial system according to a “top-down” or “bottom-up” approach; types of green investment, legal conditions, sustainable accounting standards, the role of green financial intermediaries, green banking models and levels, levels of development of the circular economy, the differences between the linear economy and the circular economy, circular economy models, factors affecting the decision to choose a circular economy model, financial decisions of businesses circular business models in the green economy and circular economy.

– Research methods: The research team used the interdisciplinary balance sheet model (I/O Table) to quantify the impact of green finance on economic sectors. With the quantitative research model, data collected from the survey is coded and quantified for exploratory factor analysis (EFA) to determine a structure in the set of observed variables. Qualitative research methods and in-depth interviews with experts were also carried out to supplement scientific arguments and estimated results using quantitative research to further clarify the practical evidence of the research problem.

– Projects that have been and are being implemented: Led 01 national project, 01 Nafosted project, 01 key project at VNU-level, supervised 02 PhD students in this research direction.

– Published/recognized research results: Research projects have developed and perfected the theoretical system of green banking finance, and the role of the green financial system in green economic development in Vietnam, developed circular business models in Vietnam, contributed to the theory of green economy in Vietnam, specifically through 18 articles, including 05 articles in prestigious international journals.

Publications

1. “Exploring the Mechanisms Underlying Firms’ Intent to Adopt Circular Business Models”. Contemporary Economics, 17(4), 2023, ISI
2. “Advancing the Circular Business Models in Developing Countries: Lessons from China”. Green and Low-Carbon Economy. Vol. (01) 1–9, 2023
3. “Restructuring measurements impact on bank risk after the global financial crisis – Empirical evidence from Vietnam”, Review of Pacific Basin Financial Markets and Policies, Vol. 24, No. 3, Scopus
4. “Insiders, outsiders’ ownership and performance of Vietnamese firms”, Gadjah Mada International Journal of Business, accepted letter, 2022, Scopus
5. “Dealing with non-performing loans during the bank restructuring process in Vietnam: Assessment using the AHP and TOPSIS methods”. Gadjah Mada International Journal of Business, 22(3), 323-347, 2020, Scopus
6. “Impact of Board Characteristic on Bank Risk: The case of Vietnam”, Journal of Asian Finance, Economics and Business, Vol. 7, 2020, Scopus
7. “The factors affecting green investment for sustainable development”, Decision Science Letters, Vol. 9, Issue 1, 2020, Scopus
8. “Impact of bank credit on export to ASEAN countries: Empirical study of Vietnam”, Asia & The Pacific Policy Studies, Vol.7, Issue 1, 2020, Scopus
9. “Measurement of liquidity in the Vietnamese corporate bond market”, Journal of Financial and Monetary market, 4/2019
10. “The Determinants of liquidity risk of commercial banks in Vietnam”, Journal of Banks and Bank Systems (Scopus), Volume 14, Issue 1, 2019, Scopus
11. “Cross-Border Banking Services and Determinants of Bank Selection from Corporate Customer’s Perspective: Evidence from Vietnam”, Journal of Accounting and Finance Research, 2019
12. “Impact of bank credit on export to ASEAN countries: Empirical study of Vietnam”, Journal of Asia & The Pacific Policy Studies, 2019, ISI
13. “Exploring Factors influencing the success of crowfunding Campaigns of Start-up in Vietnam”, Accounting & Finance Research Journal, Vol 7, No.2 (1/3), 2018
14. “Evaluating the role of the Board of Directors at commercial banks listed in Vietnam according to international standards”, Journal of Banking, 7.2018
15. “Impact of BOD structure on the performance of listed companies” / Economic Research Journal / 6.2018
16. “Green Financial Market Development” / Finance Journal / 3.2018
17. “The Factors Impact on the Service Quality of People’s Credit Funds: The Case of Mekong Delta River in Vietnam”, Journal of Accounting and Financial Research, Vol. 6, No. 2, 2017
18. “Empirical Test on Impact of Monetary Policy and Fiscal Policy on Vietnam Stock Market”, International Journal of Financial Research, Vol. 8, No.2, 2017
19. “Cross border banking services – international experiences and implications for Vietnam”, Journal of Banking, Sep 2017
20. “Factors affecting green banking practices, exploratory factor analysis on Vietnamese banks”, Journal of Development & Economic, April 2017
21. “Accessing to Green Financing of Vietnamese Firms”, Journal of Economic and Development, Feb 2017
22. “Finding economic structure and capital structure for a greener economy”, International Journal of Economic Research, Vol.13, No.7, 2016
23. “Performance of People Credit Funds in Mekong Delta River in Vietnam”, International Journal of Emerging Research in Technology and Management, Vol. 5, Issues 6, 2016
24. “Green banking – International experiences and Vietnamese perspective”, Journal of Asian Social Science Vol. 11, No.28, 2015
25. “Impact of ownership structure and bank performance – an empirical test in Vietnamese banks”, International Journal of Financial Research, Vol. 6. No4., 2015
26. “Determinant of Access to Rural Credit and Its Effect on Living Standard: Case study about Poor Households in Northwest, Vietnam”, Journal of Financial Research, Vol. 6. No2., 2015
27. “Relationship between Gender Diversity on Boards and Firm’s Performance – Case Study about ASEAN Banking Sector”, International Journal of Financial Research, Vol 6. No2., 2015
28. “Socio-economic impact of rural credit in Northern Vietnam: Does it differ between clients belonging to the ethnic majority and the minorities?”, Journal of Asian Social Science, Vol.10, No.4, 2015
29. “Developing Corporate Governance Index for Vietnamese Banking System, Co-author”, International Journal of Financial Research, Vol.5, No.2; 2014
30. “Testing the relationship between corporate governance and bank performance – an empirical test in Vietnam”, Co-author, Asia Social Science, Vol.10, No.11, June 2014.
31. “Bank restructuring – International perspectives and Vietnam practices”, Co-author, Accounting & Finance Research Journal Online Volume 3, No.2, 2014.
32. “Comparative study on corporate governance between state-owned bank and joint stock bank in Vietnam”, Co-author, SIU Journal of Management, the Vol.4, No.1.
33. “Developing corporate governance index – the case of Vietnamese bank”, Co-author, Journal of Economic and Development, 3/2013.
34. “Determinants of efficiency of SOEs after privatization in Middle of Vietnam”, Co-author, Journal of Economic and Development, 5/2013.
35. “Bank restructuring – lessons learnt from Korea”, Journal of Banking, 3/2012.
36. “Testing behavioral finance theory on the Vietnamese stock market”, Co-author, Journal of Economic and Development,7/2010.
37. “Capital structure and profitability of companies listed on the HCM Stock Exchange – analysis and verification”, Journal of Economic Development, 5/2010.
38. “Analyzing current situation of corporate bond market in Vietnam”, Journal Economic and Development in English and Vietnamese, 7/2008.
39. “Risk in land lending of commercial banks – finding and recommendations”, Journal Economic and Development, 11/2008.
40. “Financial planning and optimal capital structure for enterprises”, Author, Journal of Economics and Development, 8/2006.
41. “Discussion on capital structure of State-Owned-Enterprises in Vietnam”, Finance Supervision Review, 2/2006.
42. “Discussion on cost of state capital”, Journal of Banking, Vol.1+2, 2004.
43. “Methodology of determining cost of capital”, Co-author, Corporate finance Journal, Vol.1+2, 2002.
44. “Using financial leverage”, Journal of Monetary and Banking, Vol.6, 2002.

Books 

1. Developing Circular Business Models in Vietnam, Chief editor, VNU Publisher, 4. 2024
2. Early Warning Index for Passive Restructure of Joint stock Banks of Vietnam, VNU Publisher, 4. 2024
3. Green Banking Development in Vietnam, Chief editor, Scientific and Technical Publisher, 7.2021
4. Development of Green Finance System for A Green Economy, Chief editor, Scientific and Technical Publisher, 5.2020
5. Financial Analysis, Chief editor, 2nd Edition, Textbook, Vietnam National University Hanoi Publisher, 2020
6. Competition of Vietnamese Banks in the Joining ASEAN Economic Community, Chief editor, Scientific and Technical Publisher, 5.2020
7. Evaluation of socio-economic impacts of industrial zones in Hung Yen province, Scientific and Technical Publisher, 7.2018
8. Financial Analysis, Chief editor, Textbook, Vietnam National University Hanoi Publisher, 2018
9. Restructuring of financial system in Vietnam, co-author, Vietnam National University Hanoi Publisher, 2017
10. Green Financial Banking Accounting, international experience and implications for Vietnam, Co-Chief editor, Scientific and Technical Publisher, 2017
11. Sustainable Development of Vietnamese banking system, Co-Chief editor, National Political Publisher, 2016
12. Development of derivatives market for the property in Vietnam, Co-Chief editor, Vietnam National University Hanoi Publisher, 2016
13. Corporate governance in banks – international best practices and current Vietnamese practices, Chief editor ,Vietnam National University Hanoi Publisher, 2015
14. Vietnam’s Annual Economic Report 2012, Co-author, Vietnam National University Publisher, 2012.
15. The quality of economic growth of Vietnam – 10 years to look back and future-oriented, Co-author, Publishers of Transportation, 2011.
16. The financial issues in Vietnam after the crisis, Co-editor, Publishers of Transportation, 2010.
17. Financing Vietnam’s growth: domestic and foreign sources of Development, English and Vietnamese Version, Co-editor, Publishers of Transportation, 2010.
18. Corporate governance – current practices of Vietnamese bank, English, Co-author, CVFG, Publisher of National Economics University, 2010.
19. Avoiding the average income – opportunities and challenges to Vietnam, Co-author, Publishing House of Social Labor, 2009.
20. Corporate Finance, Co-author, Publisher of National Economics University, 2009.
21. Barriers to economic growth in Vietnam, Co-author, Publisher of Social Labor, 2004.

Research projects

Topics, projects and tasks in scientific research at all levels are conducting in:
1. “Empowering women leadership in HE towards digitalization and globalization”, Team Leader, Funded by British Council, 2022-2023
2. “Developing the circular enterprises in the Vietnam’s economy”, Team leader, Vietnam National University Research Project, 2021 – 2023

Topics, projects and tasks in scientific research at all levels which participated in as a project manager or member:

1. “Developing a green financial system to promote green economic growth in Vietnam”, National Research Project, Team leader, 2018-2020
2. “The formation and development of debt trading market in Vietnam”, National Research Project, Main Member, 2017-2019
3. “Capacity of Vietnam commercial banking system in the context of ASEAN integration”, Scientific Secretary, Vietnam National University Research Project, 2017-2019
4. “Research on financial monitoring model based on risks for commercial banks of Vietnam”, State-level project, Nafosted, 2016-2018
5. “The role of green banks in the context of changing the growth model and restructuring the economy – International experience and implications for Vietnam”, Project leader, State-level project, 2014 -2016
6. “Assessing the impact of industrial parks on socio-economic development of Hung Yen province”, Project leader, Provincial project, 2015-2017
7. “Review and evaluate National Target Programs in the Northwest of Vietnam”, State-level Project, Secretary, 2013-2015
8. “Enhancing corporate governance capacity of leaders of Vietnamese commercial banks”, International project, World bank sponsored, Project leader, 9 / 2014-9 / 2015
9. “Developing a set of indicators to assess the governance and management capacity of Vietnamese commercial banks”, Vietnam National University research project, 2012-2014
10. “Improving the capacity to supervise microfinance institutions in Vietnam”, National Consultant, State Bank Supervision Agency, World Bank, 2012
11. “Assessing the socio-economic impact of the 3-year Rural Finance Project, End-of-Term Evaluation Report, Head of Advisory Group, World Bank, 2012-2013
12. “Quality of information disclosure and information disclosure activities of listed companies on Vietnam stock market”, Ministry of Education and Training project, Secretary, 2012-2013
13. “Evaluating of the Performance of PCF in Mekong delta river area”, Ministerial Research Project, Team leader, 2010-2012
14. “Impact of capital structure on profitability of equity of listed companies on Vietnamese stock market”, Ministry-level scientific research project, Project leader, 2009- 2010.
15. “Improving financial management capacity and financial capacity for small and medium-sized enterprises in Binh Phuoc Province”, Provincial Science Project, Membership, 2010-2011.
16. “Factors affecting the performance of SOEs after equitization in Central Vietnam”, Ministry of Education and Training Project, Secretary, 2011-2012.
17. “Development of a sustainable system of Vietnam’s banking system in the context of international economic integration”, Vietnam National University Research Project, Membership, 2011-2013
18. “Socio-Economic Impact Assessment of Rural Finance Project 3”, Mid-term Review Report, Advisory Group Leader, World Bank, 2011
19. “Studying the Corporate governance index – application for Vietnamese banks”, VNU project, Project manager, 2012-2014.
20. “Factors affecting the performance of State- Owned- Enterprises after equitization in Central”, The ministerial level project, Secretary, 2011-2012.
21. “The quality of information disclosure and public information activities of the companies listed on Vietnam’s stock market”, The ministerial level project, Secretary, 2012-2014.