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Performance of Fish Farms in Vietnam–Does Financial Access Help Improve Their Cost Efficiency?

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School of Aviation, Massey University, Palmerston North 4474, New Zealand
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University of Economics & Business–Vietnam National University, Hanoi 10000, Vietnam
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Faculty of Political Theory, Thuong Mai University, Hanoi 10000, Vietnam
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Vietnam Youth Academy, Hanoi 10000, Vietnam
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Marlborough District Council, Blenheim 7240, New Zealand
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Author to whom correspondence should be addressed.
Int. J. Financial Stud. 2019, 7(3), 45; https://doi.org/10.3390/ijfs7030045
Received: 27 June 2019 / Revised: 20 August 2019 / Accepted: 21 August 2019 / Published: 26 August 2019
For a common small- to medium-sized fish farm in an agricultural-based economy, monitoring costs is very important, since financial constraints are always a problem for these farmers. This will be thus easier if the farmers can get access to external funds. This paper used data envelopment analysis (DEA) to examine the technical efficiency, cost efficiency and allocative efficiency of 639 fish farms in the Red River Delta (RRD) in Vietnam in 2018 to see how fish farmers control their costs and if financial access can really help in this matter. We found that these fish farms were very inefficient, meaning that they did not succeed in monitoring and allocating their costs and resources. Among the factors that could improve their efficiency, we found that developing the rural banking system to provide more financial access for RRD fish farms is an important solution. View Full-Text
Keywords: cost efficiency; data envelopment analysis; fish farm; financial access; Vietnam; Red River Delta (RRD); aquaculture cost efficiency; data envelopment analysis; fish farm; financial access; Vietnam; Red River Delta (RRD); aquaculture
MDPI and ACS Style

Ngo, T.; Vu, H.V.; Ho, H.; Dao, T.T.T.; Nguyen, H.T.H. Performance of Fish Farms in Vietnam–Does Financial Access Help Improve Their Cost Efficiency? Int. J. Financial Stud. 2019, 7, 45.

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