Nobody downloaded yet

The challenges of doing business in China and Vietnam - Term Paper Example

Comments (1) Cite this document
Summary
The development of different countries greatly depends on how the economic production gets distributed. The compactness and space has a major role to play in the global prospects. It is relevant to understand that distance may impact the rate of business between different countries…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.2% of users find it useful
The challenges of doing business in China and Vietnam
Read TextPreview

Extract of sample "The challenges of doing business in China and Vietnam"

Download file to see previous pages The global marketplace that has no borders takes into consideration the participation of all countries. Several changes are occurring in the global scenario, more with the enhancement of communications and technology (Understanding the Global Marketing Environment, n.d., pp.4-8).
Several political, social, economic and technological implications arise owing to the changes and developments in the modern business world. These factors play a major role in the international marketing. The changes and developments are eventually encountered by all marketers who face the challenges in their operations in the “global business environment”. Changes in the international market reveal the emergence of newer sources of power in Brazil, China, India and Russia. The economic development seems to be shifting towards a restricted and impartial direction engaging itself in global businesses. New customers are also emerging with higher needs and demands with increasing competition among businesses. Indistinct boundaries of industries are causing deregulation in the business world. There are frequent changes in the use of technology accompanied by the emergence of greater service sectors than manufacturing as well as increasing transparency of business practices. Considering all the business benefits and obstacles, this report would primarily focus on the challenges of doing business in China and Vietnam. ...
Entering a Global Market: Key Areas of Concern: The essential issues needed to be taken into consideration before entering a global market include Culture, Government, Economy, Infrastructure, and Relationships. As the report focuses on the businesses in China and Vietnam, these key areas are discussed in the context of China and Vietnam. Culture: The exchange of goods and services and other expertise among different countries tend to increase globalization reflecting increasing interdependence in the economy. Universal culture arises from particular groups of individuals in the different countries involved in different businesses. These cultural issues include the values and practices followed in a business (Leung, Bhagat, Buchan, Erez & Gibson, 2005, pp.358-359). Culture in China is known for its “orderly, hierarchical and control-based society” with the Chinese people being “patient, eager to learn, respectful and accepting of authority” (McKern & Denend, 2004). If the culture practices in China are studied, it can be observed that China has its own “unique business culture and etiquette” (Chinese Culture, n.d.). Business relationships in China mostly involve a social relationship that tends to remain for a longer period of time. They give high importance to designations. Giving appropriate respect is a very important notion followed by the Chinese companies. Gifts and presents are always esteemed and accepted as adding value to the relationships. Moreover, business discussions in China generally include a lunch or a dinner that are highly focused in China (Chinese Culture, n.d.). The Chinese business can be found to maintain corporate social responsibility that is particularly focused on the human issues, scientific development, and harmony in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The challenges of doing business in China and Vietnam Term Paper”, n.d.)
Retrieved de https://studentshare.org/business/1391099-the-challenges-of-doing-business-in-china-and
(The Challenges of Doing Business in China and Vietnam Term Paper)
https://studentshare.org/business/1391099-the-challenges-of-doing-business-in-china-and.
“The Challenges of Doing Business in China and Vietnam Term Paper”, n.d. https://studentshare.org/business/1391099-the-challenges-of-doing-business-in-china-and.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ru
russ64 added comment 1 year ago
Student rated this paper as
Terrific work done on the "The challenges of doing business in China and Vietnam". I think it is the best document I have seen so far.

CHECK THESE SAMPLES OF The challenges of doing business in China and Vietnam

Doing business with Japanese

...of Japan can do so everywhere. A risk of being dodged is associated while doing business in the country. The country achieved a good score in the indicators compiled by the World Bank for the year 2008. The estimates of the governance are usually distributed with zero mean .Therefore a high score signifies a more stable political situation and less violent economy. The industrial sector of the country depends much on the imports of raw materials. Business Environment Analysis The PEST analysis of the country identifies the concerns that have the potential to affect the performance of the country through the prism of strengths, challenges, the awaiting...
30 Pages(7500 words)Research Paper

The effect of economic crisis to the marketing strategy of Volkswagen in Asian market - The Case of Vietnam

...? THE EFFECT OF ECONOMIC CRISIS TO THE MARKETING STRATEGY OF VOLKSWAGEN IN ASIAN MARKET - THE CASE OF VIETNAM Table of Contents Table of Contents 2 Literature Review 3 1.1Introduction 3 1.2 Impact of Economic Downturn in the Automotive Industry 4 1.3 Doing Business in Vietnam 12 1.3.1 Business Environment in Vietnam 12 1.3.2 Vietnam’s Automotive Industry 14 1.4 Vietnam- Oil Consumption 16 1.5 Changing Consumer Behaviour in the Automotive Industry 18 1.6 Competitive Environment in the Automotive Industry 21 1.7 Determining the Marketing Strategy 22 1.8 Adopting Digital Marketing Strategies in Financial...
22 Pages(5500 words)Literature review

International Business

...in an environment of well-controlled cheap labour, spurring rapid economic growth. Thirdly, after the reforms, China was modeled on five-year plan focusing on invest in infrastructure, increase in enterprise activity, advancement in technology and controlled population growth. This model has proven successful in the rapid economic growth of China. Additionally, the Chinese cost of doing business is very low due low labour costs, while the level of technical sophistication and knowledge is increasing rapidly (Ambler, Witzel, and Xi, 2008, P.248). Lastly, China has diverse cultures that are rich in philosophical traditions and modes of thinking, shaped by...
4 Pages(1000 words)Essay

Vietnam- China Conflict

...between Vietnam and Soviet Union led to China involvement in the conflict. The other cause is the racially biased expulsion and persecution of ethnic Chinese in Vietnam (Hoa) (Lawson 1984; 184). This began within Vietnam in the late 70s. There was also heavy taxation of the Chinese business. There was also sustained assault by Vietnam navy into the Chinese territory. Consequences of the Conflict There were serious consequences due to the conflict. The weighty consequences were the high number of casualties due to the war. Secondly, the war affected the Vietnam economy for a long time as most of the infrastructure was...
5 Pages(1250 words)Research Paper

Doing Business in China

...?Doing Business in China Doing business in a foreign country is not easy. It requires familiarity with its culture, economy, and business practices. Familiarity with culture ensures that the capitalist will serve products that do not clash with the beliefs and values of the people. Knowing business trends allows careful planning and budget management. Moreover, knowledge of business practices is essential to identify challenges beforehand and establish good relationship with partners and competitors. When doing business in...
7 Pages(1750 words)Term Paper

The Cultural Challenges of Doing Business Overseas

...Running Head The Cultural Challenges of Doing Business Overseas The Cultural Challenges of Doing Business Overseas The Cultural Challenges of Doing Business Overseas 'Doing business overseas' is a complex task which involves cultural and business challenges. Czech Republic proposes opportunities for American companies to penetrate East European market and expend its global presence. An international organization can only perform effectively through interactions with the broader external environment of which it is part....
4 Pages(1000 words)Essay

Banking In China: Challenges

...of the banks traditionally has been in household savings which is among the highest in the world (Bowers et al, 2006). Today, consumer loans are seen as one of the new developments in the industry one of the key areas of development and growth. Due to a weak capital market, Chinese banks play a more significant role in GDP than banks generally do in other settings. According to Craig (2005), "the banking system provides an estimated 80 percent to 90-plus percent of all business funding total bank loans to government-owned and private businesses represented approximately 160 percent of Chinese GDP, up from 120 percent in 2000". The biggest banks in the country are state-owned: the...
8 Pages(2000 words)Essay

China doing business in Venezuela

...China doing business in Venezuela The reason why China is investing in Venezuela is because of China’s increasing demand for oil. As Venezuela is one of the largest producers of oil in the world, it makes sense for China to build strong bilateral ties. Part of this is by providing a $6 billion loan to improve infrastructure within the South American country. This loan is comprises $4 billion to increase oil production, $1.5 billion for refinery projects, and $500 million for oil equipment (Associated Press 2011). China does not seem to care about the political implications of the move because, although the U.S. government...
1 Pages(250 words)Essay

How Canadian doing business in China

...but it is well worth the effort if one considers the long-term rewards. It is like the Westerners concept of an “IOU” (I owe you) which is held in strategic reserve and cashed when expedient. “Face” in the Chinese culture is intertwined with respect and courtesy (social image). Chinese trust guanxi more than the legal and regulatory frameworks which can be unreliable at times. Guanxi is fundamental to success as it provides a solid network of contacts (Chee & West, 2007) while one must avoid “losing face” or the equivalent of a public humiliation. References Chee, H. & West, C. (2007). Myths about doing business in China. New York NY, USA: Palgrave MacMillan. Gordon, J. (2014). Risky...
2 Pages(500 words)Essay

Global Business Environment: Doing Business in Vietnam

...Table of Contents 5. Recommendation and Conclusion………………………………………………………….15 6. Reference and bibliography ……………………………………………………………….17 Introduction 2 Business opportunities: 6 This section will analyse what kinds of business opportunities or favourable conditions are available in Vietnam. 6 Favourable Economic Environment of Vietnam 6 It has been seen that the foreign investors are actually not interested in seeing the shortage in the number of skilled labours as an obstacle in their activities in Vietnam. It is true that all the Vietnamese workers do learn up things very fast. The cost and a time needed for any institution to train a...
12 Pages(3000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic The challenges of doing business in China and Vietnam for FREE!

Contact Us