Author(s)

Hong-Anh Vu¹, Jianqiong Wang¹, Lianxing Min^2*, Thihong-Nhung Nguyen¹

¹School of Economics and Management, Southwest Jiaotong University, Chengdu, China.
²School of Management, Chengdu University of Traditional Chinese Medicine, Chengdu, China.

Vietnam has become a major market for construction enterprises from East Asian countries, especially from China, to participate in international project contracting, but serious schedule delays have important adverse effects on local government and foreign investment companies. Based on international engineering contracting mode of Vietnam highway BOT construction projects, we discussed the drive financial factors of schedule delays, using the methods of exploratory factor analysis and questionnaire survey, and evaluated the effects of various factors which are through regression analysis. The empirical results show that the five categories of financial factors, including the policy change, slow payment, financial mismanagement, financial market changes and lack of fiscal, have significant effects on schedule delay. Furtherly, we suggested that strengthening policy research and improving financial management ability should be used to reduce the influence of relevant financial factors on schedule delay, to improve the profitability of international businesses and the motivation of foreign enterprises to participate in Vietnam highway project.

Scheduling Risk Management, Exploratory Analysis, Project Delay, Fiscal Factors, Risk Evaluation

Vu, H. , Wang, J. , Min, L. and Nguyen, T. (2015) Impacts of the Financial Factors on Schedule Delays Risk of the International Contracting Projects: Evidence from Highway BOT Pro-jects in Vietnam. World Journal of Engineering and Technology, 3, 311-319. doi: 10.4236/wjet.2015.34030.