Evaluating the Business Performance of Seaport Enterprises in Vietnam

Abstract

International economic trade plays a crucial role in global merchandise supply chains; as such, the development of industries is critical to enhance the expansion and growth of marine transportation services. In Vietnam, commercial activities are rapidly expanding, and there is a strong foundation for developing seaport enterprises. This research aims to evaluate and rank the business performance of seaport enterprises in Vietnam by analyzing the ratio of various variables in the financial statements from 2019 to 2023 via an integration of the Criteria Importance Through Intercriteria Correlation (CRITIC) and Combined Compromise Solution (COCOSO) methods. First, the weight of each variable will be determined by the CRITIC method. Second, the efficiency and rank of each alternative will be identified by the COCOSO method. These empirical results revealed the business performance and position of each seaport enterprise based on the efficiency scores, providing valuable insights into their financial operations. Additionally, the findings described a comprehensive overview of maritime transport and recommended actionable solutions to improve the business performance of seaport enterprises in the future.