Business in Vietnam

EENI- School of International Business

Subject (Course): International Trade and Doing Business in Vietnam. Saigon. Syllabus:

  1. Introduction to the Socialist Republic of Vietnam (Southeast Asia).
  2. Doing Business in Saigon.
  3. Vietnamese Economy
  4. Doi Moi Reform
  5. International Trade of Vietnam
  6. Transport and Logistics in Vietnam.
  7. Foreign Direct Investment (FDI) in Vietnam.
  8. Case Study:
      - Mobilfone.
      - Zamil Steel.
  9. Introduction to the Vietnamese language.
  10. Access to the Vietnamese market
  11. Business Plan for Vietnam

Objectives of the subject “Doing Business in the Socialist Republic of Vietnam”:

  1. To analyse the Vietnamese economy and foreign trade
  2. To evaluate business opportunities in the Socialist Republic of Vietnam
  3. To explore Vietnam's trade relations with the student's country
  4. To know Vietnam's Free Trade Agreements (FTAs)
  5. To examine the profile of Vietnamese companies
  6. To develop a business plan for the Vietnamese market
Subject “Doing Business in Vietnam” is studied…
  1. Masters (e-learning): International Business, Asia, Pacific, and Emerging Markets
  2. Professional Doctorate in Business in Asia

Master in International Business for Vietnamese students.

Course learning materials in En (or Es Vietnam Fr Vietnam)

EENI in Vietnamese language: Thạc sĩ kinh doanh quốc tế xa

  1. Credits of the subject “Doing Business in Vietnam”: 2 ECTS / 1 AC Credits
  2. Duration: two weeks

Sample of the subject - Doing Business in Vietnam:
Vietnam Steel

ASEAN

Subject Description (Doing Business in Vietnam).

The Socialist Republic of Vietnam:

  1. Vietnamese Population: 91,7 millions of people
  2. The Capital of Vietnam: Hanoi
  3. The largest Vietnamese city: Ho Chi Minh City
  4. The official language: the Vietnamese
  5. The main ethnic group: Kinh (86%)
  6. Type of Government: One-party Socialist state
  7. Independence: 1945 (from France)
  8. Area: 332,698 square kilometres

The main religion of Vietnam: Mahayana Buddhism (80% of the total Vietnamese).

  1. 8 million Vietnamese are followers of Cao Dai.
  2. Confucianism and Taoism influence.
  3. Catholicism: 6 millions of people
  4. Vietnam has not an official religion

Vietnam belongs to the Buddhist Civilisation

The Vietnamese Economy.

  1. Vietnam will be the 21st largest economy in the World by 2025
  2. Vietnam is a Frontier Market
  3. Today, Vietnam is considered to be less attractive than Association of Southeast Asian Nations (ASEAN)-4 and the People's Republic of China.
  4. The gross domestic product of the Socialist Republic of Vietnam is only 3% of the People's Republic of China, 24% of Thailand, 29% of Indonesia, 38% of Malaysia or 42% of the Philippines.
  5. In 1986, the Socialist Republic of Vietnam set up the “Doi Moi reform policy.” Thenceforth, the Socialist Republic of Vietnam has seen spectacular modifications.
  6. The Vietnamese economy is based on a multi-sector model in agreement with market mechanism and state regulations.
  7. The Economy of Vietnam is 50% free (Heritage Foundation)
  8. Nominal Vietnamese GDP: 138 billion USD
    1. Agriculture: 19% of GDP
    2. Industry: 38%
    3. Services: 42%
  9. The inflation (CPI): 1.86%
  10. The old centrally-planned economy of Vietnam was replaced by the new socialist-oriented market economy
  11. Vietnamese Currency: Dong (VND)

Vietnamese Foreign Trade.

  1. The top Vietnamese exports products are crude oil, textiles, footwear, fisheries products, and electronics products.
  2. The largest export markets are the United States, Japan, China, Australia, and Singapore
  3. The main imports are machinery, refined petroleum, steel, and material for the textile industry
  4. The top sources of Vietnamese imports are China, Taiwan, Singapore, South Korea, Thailand, and Malaysia
  5. The Saigon Port (port system of the Vietnam Maritime sector) is the largest international trade port of Vietnam.

Vietnam's Market Access and Trade Agreements:

  1. Association of Southeast Asian Nations (ASEAN)
  2. Vietnam is a member of the ASEAN Free Trade Area (AFTA)
  3. Asia-Pacific Economic Cooperation (APEC)
  4. Trans-Pacific Agreement (TPP)
  5. Mekong Economic Cooperation Strategy (ACMECS)
  6. Mekong Economic Cooperation Strategy
  7. Laos-Vietnam Trade Agreement
  8. Vietnam has Free Trade Agreements (FTA) with Australia-New Zealand, Canada, China, India, the European Union, Japan, Korea, Russia, the United States, Pakistan, and the Eurasian Economic Union (EEU).
  9. The Customs Union Russia-Vietnam

Vietnam is a member of:

  1. Greater Mekong Subregion (GMS)
  2. Mekong River Commission
  3. Economic and Social Commission for Asia and the Pacific (ESCAP)
  4. Asian Development Bank

In 1993 was created Vietnam Mobile Telecom services Company is a a state-owned company under Vietnam Posts and telecommunications corporation. Vietnam Mobile Telecom has become the first mobile telephony services provider in the brand name MobiFone, marking the beginning momentum of the mobile telephony industry in Vietnam.

In 1997 was created Zamil Steel Vietnam Co., Ltd to design, manufacture and supply top quality pre-engineered steel buildings for use as factory buildings, warehouses, workshops, distribution centres

Samples - Business in Vietnam

Vietnam Customs

Vietnam Business

Mekong Economic Cooperation

TPP Trans-Pacific Agreement

Vietnamese language

Asia-Pacific Economic Cooperation APEC

Mekong River Commission

ASEAN-Canada Agreement

Greater Mekong Subregion

ASEAN-Australia-New Zealand FTA


EENI Business School