Analysis of multi-factors affecting resource consumption efficiency in Vietnam

Abstract

The primary objective of this study is to delve into the factors potentially influencing resource utilisation efficiency at the provincial level in Vietnam. We leverage 185 data points gathered from 63 Vietnamese cities and provinces in the period 2020-2022, obtained from two key sources: the General Statistics Office of Vietnam and the Ministry of Information and Communications of Vietnam. The collected data wassubjected to analysis using an empirical econometric model that incorporates time-series characteristics to explore the connections between these potential determinants of resource consumption efficiency. The analysis revealed a strong correlation between resource utilisation efficiency and the quality of digital transformation, logistics performance, and various aspects of public governance, including accountability to higher authorities, control of corruption, administrative procedures, and public service delivery. Additionally, the provincial competitiveness index, encompassing factors like entry costs, policy bias, and labour policy, also demonstrated a significant association. These findings highlight a clear link between effective public governance and efficient resource utilisation in Vietnamese provinces. This suggests that robust public governance systems, combined with advancements in digitalisation and logistics, can play a crucial role in optimising resource utilisation within Vietnamese provinces.