Performance Evaluation of Food and Beverage Listed Companies in Vietnam

During the last decade, the food and beverage industry has been one of the most significant and prioritized industries that contributed to the economic growth in Vietnam. Therefore, how to enhance the performance of food and beverage firms has become a critical factor for Vietnam’s economic development. This research aims to use the data envelopment analysis (DEA) and the Malmquist productivity index (MPI) to assess changes in operational performance and productivity of listed lead food and beverage firms in Vietnam during the period between 2015 and 2020. The obtained results reveal that Vietnamese food and beverage firms were generally inefficient between 2015 and 2020 because the number of relatively inefficient companies was higher than the relatively efficient ones in each year between 2015 and 2020. The MPI findings indicate the growth in productivity during the study period as a result of technological progress. By integrating the findings of the relative efficiency and productivity change, this study creates five decision-making matrixes for five periods, respectively, from 2015 to 2020 to position the food and beverage firms in each sector. The analytical results provide instructions to senior managers on developing strategy for increasing efficiency of food and beverage listed companies in Vietnam.