Journal of Contemporary Issues in Business and Government

Abstract

GDP growth in Vietnam, controlled inflation and population growth around 1% (2018) are
positive figures to encourage business operation of Saigon Beer Western JSC. (WSB).
Fluctuation of stock price in F&B firms such as WSB in Vietnam will reflect the business
health of F&B industry and consuming economy. Good business management requires us
to consider the impacts of multi macro factors on stock price, and it contributes to
promoting business plan and economic policies for economic growth and stabilizing
macroeconomic factors. By data collection method through statistics, analysis, synthesis,
comparison, quantitative analysis to generate qualitative comments and discussion; using
econometric method to perform regression equation and evaluate quantitative results, the
article analyzed and evaluated the impacts of six (6) macroeconomic factors on stock price
of a joint stock F&B company, Saigon Beer Western JSC (WSB) in Vietnam in the period
of 2014-2019, both positive and negative sides. The results of quantitative research, in a
seven factor model, show that the decrease in CPI and increase in lending rate has a
significant effect on decreasing WSB stock price with the highest impact coefficient, the
second is increasing the risk free rate. This research finding and recommended policy also
can be used as reference in policy for commercial bank system in many developing
countries.