Increasing fixed asset investment in Vietnamese construction leads to decreased profitability.
The study looked at how the value of fixed assets in Vietnamese construction companies is related to their financial leverage. They found that when these companies invest more in fixed assets, they also tend to take on more long-term debt. This can lead to a decrease in their return on assets. So, it's important for construction companies in Vietnam to be careful about increasing their debt levels, as it can impact their profitability more than in other industries.