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Global Business Environment (Country Report: about doing business in Vietnam, opportunities and costs) - Essay Example

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Table of Contents 5. Recommendation and Conclusion………………………………………………………….15 1 6. Reference and bibliography ……………………………………………………………….17 1 Introduction 2 Business opportunities: 6 This section will analyse what kinds of business opportunities or favourable conditions are available in Vietnam…
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Global Business Environment (Country Report: about doing business in Vietnam, opportunities and costs)
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Global Business Environment (Country Report: about doing business in Vietnam, opportunities and costs)

Download file to see previous pages... The cost and a time needed for any institution to train a worker is actually very short. Intel is a company who have invested more than thirty million US dollars in this land if they would have ever got the hint of any shortages of the workforce. (Vietnam Trade Office, 2008) 10 Favourable Socio-Cultural Factors 10 Favourable Political & legal environment 11 Recommendation & Conclusion 15 Reference 16 Bibliography 19 Block, W. , Ahiakpor, J. C. W. (1991). Economic freedom: toward a theory of measurement : proceedings of an international symposium. The Fraser Institute. 21 Ghosh, P. R. (2010). Vietnam: High Potential, High Risks. Available at http://www.ibtimes.com/articles/46475/20100826/vietnam.htm. 21 5. Recommendation and Conclusion………………………………………………………….15 6. Reference and bibliography ……………………………………………………………….17 Introduction Vietnam was considered as one of the most war-prone nation, who had experienced severe financial turmoil. This took place due to inefficacies of a proper planned economy which will be controlled by the centre. It also lacked in trade embargo of United States and the different parts of Europe. The economic reforms which were brought about in 1980s, allowed some kind of substantial growth until Vietnam had to face the adversaries of the financial crisis in 1997. Vietnam is now an eminent member of World Trade Organization, where she has been able to take some progressive steps for the transformation of its present economy into an economy which will be based on the market mechanism and since then it has seen her economy growing and becoming an attractive market for investments in the international sphere. The country has emerged as major developing country in the Asian region though it is yet to match the other stronger Asian economies like China. Nonetheless the country is on the verge of transformation into a potentially successful economy. This report has been prepared for the CEO of the ‘Read the World’, a British origin company, that has appointed the consultancy firm for the purpose of evaluating the market for books in Vietnam if presents the threats and opportunities of operating their business that exist in the country. The report focuses on the social initiative of Read the World that functions with the aim of designing and producing educational books and magazines for the needy people in developing markets. Score of Vietnam on economic freedom index- a comparative analysis: The Economic Freedom index is actually a series where ten economic measurements have been created by The Heritage Foundation and The Wall Street Journal. It is stated as an objective to measure all the degree of the economic freedom in the aspects world's nations. The highest strata of economic freedom is to provide an absoluteness to the right of property in the ownership, this will be fully realised by various freedoms of movement for capital, goods and labour as well as an absence of any coercion or any constraint of pressure in economic liberty to the extent which is necessary for every citizens for the protection as well as maintenance of liberty itself. The index scores of the nations on 10 factors of the economic freedom where using statistics from organisations like the World Bank, the IMF and the Economist Intelligence Unit we have ...Download file to see next pagesRead More
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