摘要：Good management of cash flow will help managers control cost estimates, control plan implementation as well as control additional costs, ensuring project success. Therefore, identify-ing the factors influencing the cash flow of enterprises helps create synchronous solutions to improve the efficiency of cash flow management, contributing for improving the operational efficiency of the enterprises. This study is based on a survey to determine the factors influenc-ing the cash flow through the questionnaires and interviews of 105 construction companies listed on the Vietnam Stock Exchange in 2018. The study conducts descriptive statistics anal-ysis of surveyed enterprises; check the Exploratory Factor Analysis (EFA) analysis conditions to determine the groups of influencing factors on cash flow in construction companies listed on the Vietnam Stock Exchange. At the same time, this study remains to check a sample T-test with a value set to 3.0 and 5% reliability and analysis of EFA discovery factors to select components with the highest coefficients and load components. Based on the EFA analysis results, the study finds six main groups of factors affecting the cash flow of construction companies. They are: macro environment; construction period; payables and receivables; construction cost; retention; loan payment and tax. The study also shows that the effect of varia-bles to cash flow management varied with a mean value from 0.17 to 0.518. Based on the research results, the authors provide some recommendations to strengthen cash flow management in construction companies listed on the Vietnam Stock Exchange.
