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BUMKT6942 International Business
Semester one 2010
Individual Assignment
Lecturer:
Dr. Mohan Dass Mohan
Prepared by:
Phuong Hien Vu/ 30067265
Due: 30-04-2010
Executive summary
Foreign investment is dramatically increasing and has played important role for economic growth in globalization. Economic and financial globalization and the expansion of world trade have brought substantial benefits to countries around the world. However, differences in culture, political and legal, and economic environment can lead investor failure in doing business in this country. Hence, analysis a country factors, considering the competitive strengths, weaknesses, opportunities and threats associated with its business environment, and assessing the various risks and benefits of doing business in this country can help investors have an overview and achieving in investment.
Table of content
Introduction 1
The cultural, political and legal, and economic environments of Vietnam 1
Culture 1
Economic 2
Legal and political environment 3
Education 3
Competitive strengths, weaknesses, opportunities and threats associated with its business environment 4
Strengths of the economy 4
Weaknesses of the economy 4
Opportunities 5
Threats 5
Risks and benefits of doing business in Vietnam 5
Benefits 5
Costs 6
Risks 6
Conclusion 7
Recommendation 7
Introduction
Vietnam is a rapidly developing country with a dynamic and emerging marker economy. Obtaining full membership of the World Trade Organisation (WTO) in 2007 provided a positive impact to the economy, especially in foreign direct investment and manufactured exports. Although Vietnam’ economy has faced with many challenges during the global financial crisis, it continue to expand and modernize and remained an attraction for foreign investors. Analysis the Vietnam’s culture, political and legal, and economic environment can help investors to...