Research on Financing Activites Among Actorsin the Fresh Milk Value Chain in the Red River Delta of Vietnam

Received: 15-04-2023

Accepted: 24-05-2023

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Issue: Vol. 21 No. 5 (2023)

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KINH TẾ XÃ HỘI VÀ PHÁT TRIỂN NÔNG THÔN

How to Cite:

Hao, L., Nga, B., & Huyen, V. (2024). Research on Financing Activites Among Actorsin the Fresh Milk Value Chain in the Red River Delta of Vietnam. Vietnam Journal of Agricultural Sciences, 21(5), 660–672. http://testtapchi.vnua.edu.vn/index.php/vjasvn/article/view/1133

Research on Financing Activites Among Actorsin the Fresh Milk Value Chain in the Red River Delta of Vietnam

Le Thi Thanh Hao (*) 1 , Bui Thi Nga 2 , Vu Ngoc Huyen 1

  • 1 Khoa Kế toán và Quản trị kinh doanh, Học viện Nông nghiệp Việt Nam
  • 2 Khoa Du lịch và Ngoại ngữ, Học viện Nông nghiệp Việt Nam

    • Keywords

    Internal financing activities, fresh milk value chain, Red river delta

    Abstract


    The study was conductedto analyze the situationand propose recommendations to improvethefinancing activities among actors in the fresh milk value chain in the Red River Delta of Vietnam. The study used secondary and primarydata collected from 223 samples including the fresh value chain’s actors and government staffs. The results showed that the internal financing flow of the fresh milk value chain shifted from upstream to downstream. Input supplier credit and trade credit were mainly used among actors in the chain, supporting the working capital needs of actors, but not much for fixed-assets. There was an imbalance between input credit and trade credit of dairy farms. In order to improve internal financing activities, it is necessary to reduce the imbalance in the financing of dairy farmers, diversify the forms of financing, apply input supplier credit with other inputs, and promote the formation of production groups and/or dairy services cooperatives.

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