¹Thuy Vinh Nguyen,²Thi Huong Tram Le,³Thi Xuan Huong Le

^1,2Accounting Department, University of Labour and Social Affairs, Vietnam

³Insurance Department, University of Labour and Social Affairs, Vietnam

The article has provided the content and function of the Z-score model in predicting the possibility of bankruptcy through the actual financial situation of the enterprise. The study uses two research methods, namely the analytical method and the meta-analytic method. Through the methodology, the team obtained an overview of the study and identified gaps in which to conduct the research. Next, the research team aelected a sample of 9 garment manufacturing companies listed on the Vietnamese stock market. Combining the collection of secondary data from financial statements and the theory of the Z-score model, we have a basis to evaluate the financial situation of these 9 enterprises in 2022. 4 enterprises having in good financial condition, 4 enterprises with difficult financial situations and 1 enterprise with financial distress consistent with the actual situation of all 9 enterprises. The analysis results also show that the Z-score model is reliable and quite effective in assessing financial health and predicting the bankruptcy of enterprises.

Bankruptcy, Financial health, Manufacturing enterprises, Vietnam, Z-score model

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VOLUME 06 ISSUE 06 JUNE 2023

There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.