... • Vietnam is a true emerging market, offering ground floor and growing opportunities for U.S. exporters and investors. Vietnam’s economic growth rate has been among the highest in the world in recent years, expanding annually at 7-8.5 percent, while industrial production has been growing at around 14-15 percent per year. Vietnam’s macroeconomic challenges and the global financial crisis dampened this growth in 2008 and will continue to do so in 2009. • In response to significant macroeconomic challenges, including high inflation and a large and growing current account deficit, the Government of Vietnam (GVN) implemented a series of fiscal and monetary tightening measures in 2008 that were effective in stabilizing the Vietnamese Dong, cutting the trade deficit, and slowing inflation. As these measures were taking hold, the global economic outlook worsened in the fall of 2008. As a result, Vietnam now expects 6.5 percent GDP growth in 2009, but many economists...
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...DAO QUOC KHANH (JACK) | GA tower2 | Phone number: 09062789807 | |Mandaluyong, City |Email address: daoquockhanh89@gmail.com | PROFILE A Financial Management graduate who is keen to find a position which related with my major. Reliability, truthfulness, and responsibility. Able to work on own initiative or as part of a team and can deal with administrative duties competently. PERSONAL DATA Age: 24 Place of birth: Ha Noi, Viet Nam Religion: none Status: Single Language Spoken: Vietnamese, English EDUCATION |Primary education: |1995 – 2000 | |Dong Quang School | | |Secondary education: |2000 – 2004 | |Dong Quang School | | |High school: |2004 – 2007 ...
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...Doing Business in Vietnam: 2011 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2011. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • • • • • • • • • • Chapter 1: Doing Business in Vietnam Chapter 2: Political and Economic Environment Chapter 3: Selling U.S. Products and Services Chapter 4: Leading Sectors for U.S. Export and Investment Chapter 5: Trade Regulations, Customs and Standards Chapter 6: Investment Climate Chapter 7: Trade and Project Financing Chapter 8: Business Travel Chapter 9: Contacts, Market Research and Trade Events Chapter 10: Guide to Our Services Return to table of contents Chapter 1: Doing Business in Vietnam • • • • Market Overview Market Challenges Market Opportunities Market Entry Strategy Return to top Market Overview • Vietnam is a true emerging market, offering ground floor and growing opportunities for U.S. exporters and investors. Vietnam’s economic growth rate has been among the highest in the world in recent years, expanding at an average about 7.2 percent per year during the period 2001-2010, while industrial production grew at an average of about 12 percent per year during the same period. Vietnam registered GDP growth rate of 6.7 percent in 2010 and was one of only a handful of countries around the world to experience such levels of economic growth. Moving forward, inflation remains a main risk to Vietnam’s economy, which the Government...
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...Name: XXXX English 26 Amada Professor Short essay #2 "My name " by XXXXXXX Name is one of beauty thing that people calling each other. In Vietnam , my name has been written by XXXXX because of Vietnamese culture . Frist name will come first , then middle name and last name. “Huy” has no meaning if it stand alone, but when it come with " Hoang " which is my younger sister name ,it gently means splendid victory .My parents gave us that name on purpose . If that are 2 worlds come together will become a full meaning .They expect us always stick together in any problems or any happiness in our life like those worlds has to stick together .Therefore , even before she was born ,she had been named " Hoàng". Notice I put the acute accent on the "A" , giving a full meaning "Victory" in Vietnamese language .The complete word is “XXXXX “ ." Minh" in the middle make my name stronger meaning , it looks like a superman always doing good on everything. At US, they did not pronounce my name right. My friend which is Mexican, she always call me like "Chuy ,Chuy " .Then they named "Chuy" such as "trees" such as my new Mexican name. I was so happy to have a new name. It is so funny name but I love the way that they are calling me. My name is short and very simple. It makes me proud of the meaning inside the name and also give me more spirit that I have to be “victorious “on everything I have to do I am so proud of my name. I wont change my name for anyone else because that is the thing...
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...Humanities Task Vietnam is a country in Southeast Asia and the labour force is cheap in this country, some companies opened factories and hire a lot of factories in Vietnam. For example: Nike is one of the well-known global brand in the world and this company didn’t produce their product by themselves. They employ many Vietnamese to produce their product. This company pay the salary to the factories and this company export the produce to other. The benefit is the Vietnamese factories accept those salary and they should pay the taxes to the government. The government accept those taxes and those taxes can help Vietnam develop, because those taxes can be use for build new school, develop the environment and it can also improve the skill of medical treatment . The other benefit is when some companies open the factories, there would be some advanced technology in those companies so some local companies can imitate those technology. The third benefit is the companies can provide many jobs to Vietnamese who didn’t have job before. ! There were also some negatives to the Vietnam, the factories maybe could not earn the higher salary and the company maybe use the resource in Vietnam. The most negative thing I think is some factories maybe polluted the environment in Vietnam, because produce some product, it also produce some rubbish, so if the factories just throw them in to the river or some area and didn’t clean them, it will be harm the environment.! If some companies...
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...The third issue is that we have to commit to give Vietnamese employees the right of forming association. Employees can gather themselves to talk to employers and to help each other in the hours of need. The right of forming association is one of the rights given by The Creator to people who are able to work and go to work to defend themselves. This is one of the standard regulations by ILO in which Vietnam is one member. This is also a universal norm in the civilized social life. In the past BTA negotiation with the US, Vietnam had been insisting the US on giving it the GSP which stated the condition of applying zero tax on some thousand of goods imported to the US which mainly were art and craft products, sedges, etc. The US remained its firm in rejection as its GSP law claims some strict requirements including the right of forming association. In the final negotiation round and in the private meeting of the two delegation leaders, “We shall just write on the BTA that the US will consider giving Vietnam the GSP, yet when the consideration starts, whether we get it or not we’ll talk later”, I said to Mr. Joe Damond – leader of the US negotiation delegation. He found the suggestion sensible and he agreed. Returning to our country, I dared not boast about that win because I knew it was just words pleasing BTA so that everybody was happy, but someone reported that we had been patient in fighting and making the US give us the GSP and we won! I heard that later on, after many years...
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...colleagues frequently by mail, in person anytime I have some questions to ask them, or when I feel unclear about what I am supposed to do. I can use my work computer at VIU and my laptop using Internet to contact with customers/ clients, attended the campus tour as member with Chinese high school student when they visited VIU. When I do not know whom I should contact with to know about detailed information, I can ask Director’s assistance or anyone I meet up in the office. 3. There are some differences between VIU or Canada workplace culture and environment and Vietnam companies I have worked for. The first difference is that how people communicate. Vietnamese people would prefer to speak indirectly while Canadian would like to get straight to the point. I tried to speak out my opinion, but I still think of Vietnamese language when I was talking to my mentor and colleagues. I need to practice more in English and try to understand the requirement clearly. In Vietnam, officials would like to go out for a dinner, and then go to a karaoke restaurant to sing. Time is unlimited, the invitation can...
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...CSR PROGRAM ‘’KNOW ONE, TEACH ONE’’ CSR PROGRAM ‘’KNOW ONE, TEACH ONE’’ Corporate Social Responsibility Department Corporate Social Responsibility Department TABLE OF CONTENT I. OVERVIEW OF CSR IN VIETNAMESE HOSPITALITY INDUSTRY II. CSR PROGRAM ‘’KNOW ONE, TEACH ONE’’ 1. General information 2. Programs III. REASONS AND DRIVERS 1. KOTO as a great contribution to society 2. KOTO as a sustainable impact IV. CONCLUSIONS V. REFERENCES I. OVERVIEW OF CSR IN VIETNAMESE HOSPITALITY INDUSTRY It is probable that CSR process in Vietnam arises from the reform in the early 1990s and attracts more and more attention as the norms, policies and perquisites protocol of international trade have sharpened the development process. Today, companies gain competitive advantages not only by quality of product and service, pricing strategy or location but also by their consideration and responsibility for the environment and community. While CSR is a growing movement in the hospitality industry in Asia, there are only a few enterprises really pay attention to CSR in Vietnam. One of the most outstanding program is carried out by Joma Bakery Café, which is called ‘’The Joma Way’’ (1). The program includes three main initiatives: -Donate 2% of revenue supporting grassroots initiatives focused on meeting basic life needs -Offer training and growth opportunities for disadvantaged persons -Involve in community activities...
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...diseases and disorders of the circulatory system", (OC Health Info, 2011). Industry overview of Westminster is comprised of small businesses and services. Majority of adult population reported that their health was good, very good, or excellent. Summary of Assessment Population Economic Status Assessment The total population of Westminster in 2010 was 89,701 people. “The 2010 census shows racial makeup of Westminster was 32,037 White, 849 African American, 397 Native American, 42,597 Asian, 361 Pacific Islander, 10,229 from other races, Hispanic or Latino of any race were 21,176 persons, and 3,231 from two or more races”, (Westminster Wikipedia entry, 2014). “40.2% of the population is comprised if Vietnamese Americans making Westminster the highest concentration of Vietnamese Americans in the country” (Westminster Wikipedia entry, 2014). Westminster’s median household income has improved since 2000 from $49.150 to $54,780 with 15.3% of the population living under the federal poverty line”, (Westminster Wikipedia entry, 2014). Neighborhood/Community Safety Inventory Westminster is located in southern California with the annual average temperature at 64.3 F. Westminster has major freeways that pass through it. Air pollution and...
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...Vietnam officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia. Nha Trang is Vietnam’s most popular seaside resort town located along the second most beautiful bays in the country. It features beautiful beaches with fine and clean sand and clear ocean water with mild temperatures. The city has about 300,000 inhabitants and is more lively and urban in character than other beach destinations like Mui Ne and Phu Quoc. It’s also the scuba diving center of Vietnam. The Cu Chi Tunnels are an immense network of connecting underground tunnels located about 40 km northwest of Ho Chi Minh City (Saigon). The tunnels were used by Viet Cong guerrillas as hiding spots during the Vietnam War, and were the base of operations for the Tết Offensive in 1968. The tunnels have become a popular tourist attraction, and visitors are invited to crawl around in the safer parts of the tunnel system. The Mekong Delta is the region in southern Vietnam where the Mekong River approaches and empties into the sea. It is a very rich and lush area, covered with rice fields, that produces about half of the total of Vietnam’s agricultural output. Subsequently, life in the Mekong Delta revolves much around the river, and all the villages are often accessible by river rather than by road. The formerly little-inhabited beach south of the fishing village of Mui Ne has seen some serious development in the last 15 years. Due to strong sea breezes it is...
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...culture influence on Vietnamese culture Each country in this world has its own unique culture, but due to the worldwide domination of the Western countries, which are famous for their unique types of entertainment, their fashionable clothes, and their delicious dishes, most cultures are affected significantly, including Viet Nam. Since Viet Nam became independent country, the government tried their best to develop the country by opening for foreigner’s investment. Therefore, the economy and the education in Viet Nam have been improved dramatically and obviously have been affected by foreign culture. Nowadays, Western culture has influenced my country in four main aspects, which are fashion, education, architecture and lifestyle. Firstly, style in fashion of the West becomes more popular than Vietnamese traditional clothes. In the past, Vietnamese people always had to wear traditional apparel even if it is formal occasions or not. Nowadays, because of the convenience and the comfort of Western clothes, Vietnamese people prefer to wear it daily. They bring many changes to Vietnamese’s viewpoint of fashion and shorten the usage of traditional clothes. These kinds of clothes make the dressing style of Vietnamese people more fashionable and lose its unique points. However, traditional costumes of the native people, which still be remained in their core, always be worn in special occasions such as Tet holiday and Independent day. Therefore, the next Vietnamese generations should...
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...1 AMERICANS DOING BUSINESS IN VIETNAM: COMMUNICATION DIFFERENCES by Katrine Syppli Kohl COM 9656: International Business Communication Fall 2007 This paper focuses on differences that are likely to cause problems for U.S. American managers operating in Vietnam. At first, Hofstede’s cultural dimensions of power distance, individualism, and longterm orientation are used to pinpoint key differences in Vietnamese and American business culture (Hofstede, 2001). Second, stable and transitional concepts of culture are delineated as they apply to the topic. Finally, areas of communication are discussed that benefit from special attention because of differences between Vietnamese and American culture. Value Dimensions Hofstede’s original cultural dimensions were power distance (PDI), individualism (IDV), masculinity (MAS), and uncertainty avoidance (UAI); later, long-term orientation (LTO) was added as a fifth dimension (2001). When comparing the United States with Vietnam, the three dimensions of power distance, individualism, and long-term orientation differ most significantly (see Figure 1). Figure 1. Comparison of value orientations: United States versus Vietnam (ITIM International, 2003). Power-distance according to Adler and Gundersen (2008) “reflects the extend to which less powerful members of organizations accept an unequal distribution of power” (p. 54). In countries such as Vietnam where high power-distance are paired with a low uncertainty avoidance, employees view their ...
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...Research Paper for SOC 350 National University 25 November 2012 The Vietnamese Americans’ Successful Transition to the United States Group of Vietnamese immigrants started after 1975 to the United States started after the Vietnam War. Early immigrants were refugee boat people (refers to refugees, illegal immigrants or asylum seekers immigrate in numbers in small boat fleeing persecution or poverty). Forced to flee from their mother country and often drive into poor town neighborhoods, these newcomers have yet managed to establish tough communities in a short amount of time. More than sixty percent of Vietnamese Americans reside in the states of California, Texas, Washington , Florida and Virginia. (Rothenberg 205) As a fairly recent immigrant group, most Vietnamese Americans are either first- or second-generation Americans. They have the lowest division of people with more than one race between the major Asian American groups. As many as one million people who are five years and older speak Vietnamese at home, making it the seventh-most spoken language in the United States. As refugees, Vietnamese Americans have some of the top rates of naturalization in the 2006 American Community Survey, 72% of foreign-born Vietnamese are naturalized US citizens; this collective with the 36% who are born in the United States makes 82% of them United States citizen in total. Of those born outside the United States, 46.5% entered before 1990, 38.8% between...
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...by Andrew Lam and “Salvation” by Langston Hughes are the two nonfiction stories featured in this reaction paper. Although, the time period in which each story was written is not the same, both of these nonfiction stories share a common theme. The subject of that theme is one where an elder teaches a person younger than themselves, the ways of their ancestors through religion or culture. Misunderstandings bought forth by failed communication is another theme that these two stories have in common. Both themes explain that a profound gap exists between the older and newer generation of people, regardless of the time period each one is in. For instance, in the story, “Who Will Light the Incense When Mother’s Gone“, the author writes about a Vietnamese teenager who has to learn the ways of his newfound American culture due to the pressure of his current times. While in the story, “Salvation”, the black American was pressured to follow and believe in Christianity in order to display obedience within his community. Both stories portray different cultural perspectives but they both provide a similar theme when it comes to values that are instilled into the younger generation through the methods used by the older generation. In each of these stories, the author provides a main character as the narrator, who also portrays the author himself. Each author is writing about a conflict that he had experienced in his younger years. Although both of these stories are nonfiction or based on...
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...Title: Foreign culture has negative effect on Vietnamese teenagers. The life of people is faster. Vietnamese teenagers are forgetting traditional culture. Foreigners are introducing new culture which sometimes is not good for Vietnamese teenagers and it makes traditional culture fade slowly. This essay will examine two reasons why foreign culture has a negative effect on Vietnamese teenagers. First, the most important reason why foreign culture is not good for Vietnamese teenagers is that they prefer food and drink of foreign countries than of Vietnam. It is clear that now Vietnamese teenagers often go out to eat fast food which is not good for their health and very expensive. Besides they do not care for traditional food. For example, Vietnamese teenagers always go out to eat foreign food on holidays and weekends; they do not stay at home to cook with their family. During Tet, eating banh Chung, which is an important food and a tradition of Vietnam, but Teenagers do not obey this tradition. In addition, they try to drink new things which affect them badly. To explain, Vietnam has many bars and restaurants where foreign people use drugs and smoke shisha and Vietnamese teenagers learn and do the same things often. Another reason why foreign culture affects negatively is that Vietnamese teenagers often learn bad behaviour faster than good behaviour. Therefore, they always change their style to suit their foreign idols. They often listen to music and watch television...
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