...by Melissa Harris Business Communication Student March 10, 2015 Vietnam's Power Issues Melissa Harris Embry Riddle Aeronautical University LETTER of TRANSMITTAL TO: Kenneth Marlin, ERAU Bus. Comm. Professor FROM: Melissa Harris, Bus. Comm. Student DATE: March 15, 2015 SUBJECT: Final Report on Vietnam’s Power Issues Dear Sir, Here is the report on the approved topic that you requested on Jan 15. With due respect, I am undersigned student of Business Communication 222 have reported on “Vietnam’s Power Issues”. This paper has given me insight in how to do business within Vietnam and how these findings would affect doing business there. It was very challenging, yet an experience doing the research. It has been a great pleasure for me to submit this report titled “Vietnam’s Power Issues”. This gave the opportunity to understand the different challenges when doing business in foreign countries. The contents provided in this report are all of my own with some information and references have been taken from other sources. I believe this report to be complete and that it will meet your satisfaction. I would be very happy to provide additional interpretation of any part of the paper if deemed necessary. Sincerely, Melissa Harris Student, Embry Aeronautical University CONTENTS PAGE Abstract.......................................................................................................................................................
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...| 5160 – Global Business Vietnam Country Feasability Study | Executive Summary | | Adam MoranGunasekar GopalHari GovulaJohn O’Halloran | 2/24/2014 | | Vietnam, located in South East Asia, is a rapidly developing country with a dynamic and the emerging market economy with the population of 88.78 million. Major Vietnamese cities include Hanoi in the north, DaNang in the mid coast region, and Ho Chi Minh City to the south. Hanoi is the capital city, and Ho Chi Minh City is the largest commercial center. Vietnamese is the national language and English is the most popular foreign language spoken other than French, Mandarin and Japanese. Vietnam is a one party communist party and the government has recognized the importance of having an effective infrastructure for economic development. The main transport and communication networks are in Vietnam are road, railways, shipping lines and airlines. Vietnam Today Today Vietnam’s economic growth as outpaced every other Asian economy outside of China. 2013 GDP growth rate was 5.42% vs. 2012 at 5.25%. The Vietnamese Government has a projected GDP growth rate of 5.8% for 2014. Foreign Direct Investment continues to positively impact the economic growth. This past year FDI in Vietnam was $11.5 billion; a 10% increase over 2012. Today there are over 500 US companies that have a presence in Vietnam. The rising costs and wages in China have helped Vietnam become a more attractive alternative for manufacturing...
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...Vietnam analysis Vietnam analysis This year’s MBA fieldtrip to Vietnam aim was to examine the different approaches adopted in order compete in a highly competitive global business environment. The visit involved either visiting or having the opportunity to meet six businesses senior managers of successfully organisations operating in Vietnam and a non-for-profit organisation. The six businesses were either multinational organisations or local businesses from a wide range of industries, such as: * Hive Corporation, * Media Partners Asia Ltd, * Samsung Group, * Toll Group, * Johnson & Johnson, * Minh Long Co, The non-for-profit organisations name was Long Hoa Boys Orphanage. One to successfully be able to compete in an increasing homogenised world markets needs to understand not only always changing global business environment, it also needs to understand the “various political, legal, socio-cultural and infrastructural issues that can be used to develop a profile of each country in the world and assess its attractiveness” (Haberberg and Riple, 2008) . Therefore, this paper aims to analyse the information gained from discussing with businesses leaders in Vietnam and provide a unique view on the overall business environment, challenges and future business prospects for Vietnam The Hive Our first guest speaker was the CEO of the Hive Corporation, Mr. Matthew Lourey, an Australian chartered accountant that prior to his position at the...
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...Vietnam Protectionism question Vietnam has an estimated 90.3 million inhabitants. It is the world's 13th-most-populous country, and the eighth-most-populous Asian country as of 2012. It is a one party communist state that has been one of south east asias fastest growing economies and has its sights on becoming a developed nation by 2020. It became a unified country in 1975 when the armed forces of the communist north seized the south. The country experienced 3 decades of bitter wars in which the communists first fought against the colonial power France, then against South Vietnam and its US backers. A visit to Vietnam by US president Bill Clinton in 2000 was the culmination of American efforts to normalize relations with the former enemy. In 1986 the Doi Moi resulted in Vietnams sucessful transition to a socialist orientated market economy. Elements of market forces and private enterprises were introduced soon after and a stock exchange opened in 2000. In 2007 Its successful economic reforms resulted in it joining the World Trade Organization which has promoted more competitive, export-driven industries, It also became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. These lifts in protectionism has meant that poverty has declined significantly however, Vietnam is still working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. It also still suffers from relatively high...
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...BEO 1252 INTERNATIONAL BUSINESS CONTEXT Assignment: Research Report – Open wholly owned subsidiary in Vietnam. Name: Van Huan Tran. 3897340 Vo Long Dang. 3877636 Tat Tuan Ngo. 3904251 Executive Summary: This report was developing to open wholly owned subsidiary in Vietnam. To provide a complete analysis to make sure information, this report will explore the summary of the business environment as the economy, legal systems, and cultural issues, as well as the government of Vietnam. This report aims to present to the board of the new business environment, and provide robust justification of how appropriate it in Vietnam, and the evidence to support Vietnam's decision a suitable location for the establishment of the subsidiary. Table of Contents Executive Summary: 2 Introduction: 3 1 Business Environment: 3 1.1 Economic: 3 1.2 Political Factors: 4 1.3 Environment Factor: 4 1.4 Social Factors: 5 1.5 Technological Factor: 5 1.6 Basic Appeal for Wholly-Owned Subsidiary: Why choosing Vietnam? 6 2 Cultural Issue: 7 2.1 Hofstede Model: 7 2.2 Kluckhohn-Strodtbeck Model: 9 3 Government Promotion on FDI: 11 Recommendation: 12 Conclusion: 12 References: 13 Appendix: 15 Introduction: When the power of globalization, trade and international area has increased significantly over the years. The company has successfully established or have a strong foothold in the domestic market. However, in the aim of increasing expansion...
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...COBRA, and Tretorn in sport industry market.(Puma, 2013). Business process outsourcing (BPO) is the key issue of today’s multinational corporation (MNC), which is considered as high chance to find out more opportunities and reduce cost. The main advantage of Business process outsourcing is that, which makes firms more flexibility, in one hand, which can help MNCs to reduce the fixed cost, as transferring into variable cost. In another hand, BPO is considered to be a good way to focus on firm’s core competencies. In addition, this process also may increase the speed of business processes. Based on these factors, BPO may help MNCs grow faster without the huge capital requested. At the same time, this process also brings limitations for MNCs, such as the higher risk level, which could be caused by both privately or structure of firm. Risks and treats of outsourcing must therefore be managed, to achieve any benefits. 2.0 Investment Market Analysis Vietnam is viewed as a viable alternative to China for foreign (particularly U.S. and European) companies seeking to establish or increase their lower-cost manufacturing capacity, which keeps the second biggest supply-chain in group’s Asia factories. The reason of company should increase the outsourcing in Vietnam as following. 2.1 Economic situation Firstly, most of the...
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...PEST ANALYSIS Environmental scanning on Vietnam have to be done before the decision of internationalizing Prince Court expansion. It is important in the sense that environment scanning will directly and indirectly decide how Prince Court will fair in Vietnam. Important aspect at such political, economic, potential demands etc is being analyzed on. Political The effort of the Vietnam’s government plays an important role in determining the healthcare industry performance. With the underdevelopment of the healthcare in Vietnam, the government of Vietnam prioritize government spending on health care at the same time encouraged foreign investor invest in the Vietnam Healthcare industry with several ways such as through Private Partnerships (PPP), joint venture with local players in Vietnam. On top of that, investors enjoy a preferential corporate income tax of 10 per cent instead of the regular 25 per cent. In relation to the tax exemptions, exception of tax will be granted in the first four years and in the following nine years there will be 50 per cent tax break (HKTDC, 2015). Besides, investors are allowed to operate a 100 per cent owned hospital with the elimination of restricted policies such as foreign qualified doctors are free to practice and healthcare plans are allowed to offer (Austrade, 2015). This plays a crucial part to Price Court whether the decision of entering Vietnam with joint venture or wholly owned since the cost incurred will have a large differential...
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...Introduction The world has witnessed the significant growth of game industry over the last 10 years. There have been major changes in all aspects such as graphics, gameplay and along with it come a great number of big firms in this industry: Ubisoft, Square Enix, Crytek, and so on. On contrary to this rapid growth, there have been little or none game producers that come from Vietnam. This can only be explained by the fact that game piracy appears in every corners of Vietnam and that Vietnamese governments, as well as the societies, have a negative point of view in games. The situation made it nearly impossible for any game developers to set their feet in such field. However, a new and young company, Emobi Games, realized their opportunities and decided to take a risk with the goal is to prove to Vietnamese people and the whole world that Vietnamese games are able to compete at a global level. The purpose of this report is to provide information regarding how Emobi Games innovatively changes the whole industry. Emobi Games’ background Emobi Games is one of the very few game developers that come from Vietnam. It was originally founded in 2008 but it was not until April 2009 that Emobi Games became an independent company (Emobigames 2011). At the moment, the company’s staff is a group consists of 23 people with each person is high – skilled and have achieved certain degrees in programming, 3D designing. These people are not connected by the skills they possess but by sharing the...
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...Global Ethical Problems Donna Bistrican XMGT/216 September 25, 2010 Global Ethical Problems The Wall Street article reports on the ethical issue of freedom of speech and human rights violation in China and Google’s dilemma. Companies deal with ethical conflicts with China daily. Google Inc.’s struggled with ethical implications for doing business with China. The paper addresses the ethical problems that companies like Google, Inc. encountered that caused their decision to withdraw from China. The paper will show how Vietnam covered up corruption, freedom of speech, transparency, and supply chain ethical issues. Big companies continue to draw criticism for accommodating governments and compromise their ethical or moral standards. Companies have an enormous opportunity in China to make a bigger profit by doing business in China. The organization cannot assume that Chinese do business the same way Americans do. To do business in China a company has to follow government directives. Chinese want to do business with people they trust. Terms on contracts will not mean the same thing to them as they do to Americans. Chinese businesses do not feel they are bound to contracts. In America a company competes with 100’s of business but in China, you are competing with globally. Google Inc’s announce in Beijing their decision to withdraw from China after ethical implications of hacking into the privacy of Google’s users. Google had to limit the excess of information on the search engine...
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...Located in Southeast Asia, the Socialist Republic of Vietnam is bordered to the north by the People’s Republic of China, to the west by Laos and Cambodia, and to the east and south by the South China Sea. The country is a mere 127,000 square miles but has a population of almost 86.2 million. The language is Vietnamese, and the principal religion Buddhism, although there are a number of small minorities, including Confucian, Christian (mainly Catholic), Caodist, Daoist, and Hoa Hao. In recent years, the country’s economy has been up and down, but average annual per capita income still is in the hundreds of dollars as the peasants remain very poor. One of the reasons that Vietnam has lagged behind its fast-developing neighbors in Southeast Asia, such as Thailand and Malaysia, is its isolation from the industrial West, and the United States in particular, because of the Vietnam War. From the mid-1970s, the country had close relations with the U.S.S.R., but the collapse of communism there forced the still-communist Vietnamese government to work on establishing stronger economic ties with other countries. The nation recently has worked out many of its problems with China, and today, the Chinese have become a useful economic ally. And Vietnam is well on its way in establishing a vigorous trading relationship with the United States. Efforts toward this end began over a decade ago, but because of lack of information concerning the many U.S. soldiers still unaccounted...
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...Minh Phuong Nguyen Thu Thao Tran Huong Tra Tran Hai Yen Hanoi, October 21, 2012 ------------------------------------------------- NATIONAL ECONOMICS UNIVERSITY A PROJECT OF ELEPHANT DUNG PAPER Presented to: The English Competition “Experience and Enjoy” – “Green economy and My responsibility” Prepared by: Lê Diệu Linh Chi Chiledieulinh@gmail.com Nguyễn Thu Thảo ngthuthao91@gmail.com Trần Hải Yến tranhaiyen152@yahoo.com Lê Minh Phương lephuong1230@yahoo.com Trần Hương Trà thtra279@gmail.com October 21th, 2012 Contents I. Introduction 1 II. Content 2 1. Current situation in Vietnam 2 2. Business project 4 a. Background 4 b. Challenges and Opportunities 4 c. Process 5 d. Product 6 3. Impact evaluation 6 a. Impact on environment and ecology: 6 b. Impact on the local economy: 7 III. Conclusion 7 Abstract Green economy is the economic model that aims at sustainable development of the economy while improving social equity and reducing environmental risks. Developing a green economy is the responsibility as well as the benefit of each individual. The role of each citizen is becoming more significant than ever as the theme of World Environment Day on June 5th, 2012 is “Green economy: Does it include you?” The report’s purpose is to discover a solution to animal waste management, more specifically elephant dung...
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...Case study: Trung Nguyên coffee By Morgen Witzel The story. Coffee cultivation in Vietnam began under French colonial rule in the 19th century and soon became a staple industry. By the mid-1990s, the country had become one of the three biggest coffee producers in the world. Much of it, however, was low quality and sold at cut prices overseas. Vietnamese-American entrepreneur Dang Le Nguyen Vu believed high-quality Vietnamese gourmet coffees could be produced and sold profitably. So, in the mid-1990s, he launched Trung Nguyên, a coffee manufacturer and café chain. The challenge. Vietnam is an emerging market. In 1995, per capita income was only $250 (the 2010 figure was $1,200). This was one reason why Mr Vu chose to develop a luxury brand that would appeal to both domestic and export markets. To do so, he would have to persuade the home market that his expensive product offered value, and convince overseas customers that Vietnam could produce gourmet coffee. The home market. As the owner of a coffee-processing business, Mr Vu could improve the quality but there was no efficient distribution network. The answer was to set up a chain of coffee shops, modelled in part on Starbucks, that would also sell coffee beans for home consumption. The branding of Trung Nguyên was carefully planned. To counter competition from big multinationals, whether coffee shops or brands such as Nescafé, Mr Vu positioned it as part of a Vietnamese tradition. A Trung Nguyên museum tells the...
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...ASSIGNMENT SWOT ANALYSIS IN INVESTMENT TARGETING: The case of Vietnam Instructor: Phạm Thị Mai Khanh (M.A., LL.M.) 1. LƯƠNG VĂN ĐẠT | 1211150027 | 2. BẠCH QUANG TRƯỜNG | 1217150149 | 3. NGUYỄN VĂN TÙNG | 1217150154 | 4. NGUYỄN VĂN TUẤN | 1211150151 | 5. NGUYỄN NHƯ NGUYÊN AN | 1214150006 | 6. NGUYỄN TIẾN ĐẠT | 1217150028 | 7. NGUYỄN MINH ĐỨC | 1214150034 | Hanoi, December 2014 Table of Contents ABSTRACT 4 I.Policy framework 5 1.Strengths 5 2.Opportunity 7 II.Economic factors 9 1.Strengths 9 2.Weaknesses 13 3.Threats 15 III.Business facilitation 19 1.Weaknesses 19 2.Opportunities 21 APPENDIX: Playing roles 23 I.Phase 1 23 II.Phase 2 24 III.Phase 3: Evaluating 31 IV.Phase 4: CONCLUSION 37 REFERENCE 39 list of figures Figure 1: Number of SOEs, 1992-2011 6 Figure 2: Vietnam ranked first for economic activity both sexes aged 25-29 amongst host countries in 2010 10 Figure 3: Monthly Wage Levels in Asia (US$) 15 Figure 4: Vietnam’s Private Sector Minimum Wage, 2008-2014, and 2015-2020 (est) 16 Figure 5: Global competitive Index 17 Figure 6: Main competitors of Vietnam in attracting foreign investment 18 List of tables Table 1: Regulatory Quality – Worldwide governance indicatiors (Percentage Rank (0-100) ). 6 Table 2:Vietnam's workforce by ecnomic component and by economic sectors,1990-2010 10 Table 3: Facts of Vietnam 2012 13 Table 4: Foreign equity ownership indexes (100 =...
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...UNILEVER’s STRATEGIES Global look and a case study in Vietnam UNILEVER’s STRATEGIES Global look and a case study in Vietnam Ha Noi, 23rd Dec, 2013 Ha Noi, 23rd Dec, 2013 LECTURER: Ngo Quy Nham (PhD.) Group Members: 1. Lê Hồng Ngọc Hân 2. Nguyễn Tài Minh 3. Trần Thị Tố Uyên 4. Phạm Thùy Dung 5. Nguyễn Quang Thái LECTURER: Ngo Quy Nham (PhD.) Group Members: 6. Lê Hồng Ngọc Hân 7. Nguyễn Tài Minh 8. Trần Thị Tố Uyên 9. Phạm Thùy Dung 10. Nguyễn Quang Thái Unilever is an Anglo-Dutch multi-national corporation, one of the world’s leading suppliers of fast moving consumer goods in branded home & personal care and food categories, operating in over 150 countries. In 2012, Unilever added nearly €5 billion of turnover, pushing through the €50 billion mark in the process. With more than 400 brands focused on health and wellbeing, Unilever touches so many people’s lives in so many different ways. There are more than 2 billion consumer worldwide use a product of Unilever on a given day. Its portfolio ranges from nutritionally balanced foods to indulgent ice creams, affordable soaps, luxurious shampoos and everyday household care products. Some world-leading brands of Unilever include Lipton, Knorr, Dove, Axe, Omo… For Unilever, sustainability is integral to how they do business. With 7 billion people on planet, the earth’s resources can be strained. They believes that as a business, they have a responsibility to their consumers and...
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...Recently, Vietnam is attracting increasing interest from international investors as a promising emerging market. Some of the largest U.S. corporations such as Intel, IBM, Wells Fargo, Citigroup, to name a few, started to set foot in the country with confidence. However, investing in Vietnam still constitutes a conundrum for outsiders and horror stories have been told by former entrepreneurs who lost their fortunes and even almost lost their lives dealing with the Vietnamese Communist Party. Case in point: Trinh Vinh Binh, a Vietnamese Dutch investor who escaped from Vietnam and later sued the Vietnamese government for breach of contract and for confiscating his assets in Vietnam. The case was eventually settled for an undisclosed amount of award in 2007. The initial claim was $150 million (UNCTAD, 2007). The crucial question remains: “under the current market conditions, is it worth to invest in Vietnam?” S.W.O.T analysis Strengths. 1. A fairly large customer base of more than 86 million and growing at a rate of 1% annually. 60% of the population are young, born after 1975 and aspire to become a consumer society with higher standards of life. Wages in Vietnam are among the least expensive in all Asia. Vietnam has a high rate of literacy. 90.3% of the population aged 15 years and older are literate (CIA World Factbook, 2009). 2. Significant reserves of energy and mineral resources such as oil (Vietnam is ranked 33 worldwide among oil producing countries), bauxite...
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