Human Resource Accounting in Vietnam: A Contextual Examination of Influencing Factors

This study examines the factors influencing the applicability of Human Resource Accounting (HRA) in Vietnam. A quantitative research design was employed, utilizing data from 408 valid survey responses collected in December 2024 and analyzed using Exploratory Factor Analysis (EFA). The findings indicate that perception of HRA benefits, accountants’ qualifications, the existing information system, the legal and business environment, and the demands from stakeholders are positively associated with the implementation of HRA in Vietnam. The results offer practical implications for business managers and policymakers aiming to promote HRA adoption. This research contributes to the limited literature on HRA in developing countries and underscores the importance of raising awareness, building professional capacity, and enhancing regulatory support to foster broader implementation.