Authors:
Tran Thi Huong

Addresses:
Department of Members' Council, Dong Do University (and Vietnam Maritime Corporation), Thanh Xuan, Hanoi, Vietnam. 

Abstract:

Integration and interdependence are becoming increasingly essential concepts. It is time to stop saying things like "watching your neighbour's house burn while staying calm." Things like commodities, people, and money will be able to travel freely in a genuinely globalised world market. However, there will also be hazards, particularly financial risks. Although integration is continuing to expand, risks are continually being concealed and growing across a wide range of domains. In tandem with the expansion of human civilisation and the increasing complexity of people's activities, the challenges people face have also become increasingly diverse. Every single day, whole new forms of threats that have never been seen before come into existence. The process of identifying and evaluating hazards will allow us to manage those risks more effectively. We want to use this article to suggest a few potential approaches that the Vietnam Maritime Corporation could take to improve its financial risk management. As a result of this, the paper proposes risk management solutions that are based on the following: (1) reviewing client information; (2) actions after the sale; (3) credit insurance; and (4) keeping track of bills that have not been paid.

Keywords: Risk Control; Risk Measurement; Logistics Sector; Cargo Handling; Financial Risks; Maritime Safety; Logistics Services; Consolidated Financial Statements.

Received on: 05/08/2024, Revised on: 12/11/2024, Accepted on: 27/12/2024, Published on: 09/03/2025

DOI: 10.69888/FTSSSL.2025.000412

FMDB Transactions on Sustainable Social Sciences Letters , 2025 Vol. 3 No. 1, Pages: 37-43

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