Corporate social responsibility enhances financial performance: Evidence from Vietnam

The purpose of this study is to examine if CSR practices have a correlation with companies’ performance of the twenty Vietnamese firms. Despite a large number of studies on CSR with the sole focus on emerging economies, this concept in the specific Vietnamese market has yet to receive apprehension and qualified research. Therefore, this paper provides a quantitative approach to study the relationship between CSR and financial performance of Vietnamese firms in three distinct sectors: banking, real estate and food manufacturing.