Risk Management in Vietnamese tourism Enterprises

In Vietnam, the significance of enterprise risk management (ERM) has grown considerably over time. The Ministry of Finance has issued Circular 210/2009 / BTC, which specifies the strengthening of financial risk management in listed companies, in recognition of the need to manage financial risks for businesses. This Circular mandates that businesses disclose their financial risks, such as market, credit risk, and liquidity risk, in the notes to financial accounts. The effect of financial risk management on tourism companies’ value has been the subject of numerous studies conducted globally. These investigations have theoretical and real-world applications also in Vietnam.