Vietnamese business culture and negotiation style Vietnamese culture is affected by Confucianism so it emphasizes on connection and relationship building. Before doing business, Vietnamese firstly looks at the trust and relationship (Kohl, 2007). Therefore, to do business in Vietnam, personal relationships are required because it is a foundation for the success of business relationships. In Vietnam, the initial meeting is usually viewed as an introductory meeting, where all parties come to get to know each other, and it is quite time consuming to get down to business. In the first business meeting, Vietnamese tends to talk more about social life rather than professional topic.
This report reexamines historic and current condition for the high cost of Vietnam’s importation. This issue has been in being for a long time and it affects Vietnam’ economy a great deal. In my opinion, learning about this problem is necessary while Vietnam is a trade surplus country but Vietnamese people refuse to use domestic goods. In a survey by Vietnam Customs in 2013, the total value of imported cars approximately 727 million USD. Therefore, the impact of importation on Vietnam’ economy is topic for my study.
It decided to allow foreign export and individual ownership to help improve the economy. Under Doi Moi, lots of exportations and private ownership were allowed which had a very positive effect on the economy. Moreover, there was also a reduction in the amount of bureaucracy which resulted in a boom for the rice production. By the late 1990s, the success of the business and agricultural reforms ushered in under Doi Moi was evident. More than 30,000 private businesses had been created, and the economy was growing at an annual rate of more than 7 percents, and poverty was nearly halved.
First colonized by the French, then annexed to Japan like South Korea, and onto the First and Second Vietnam War, the region suffered from tense domestic and international political conditions for a long period of time. South and North Vietnam were finally reunified in 1976, becoming the Socialist Republic of Vietnam, but conflicts with China remained until the beginning of 1990’s, and the country had difficulties receiving aid from foreign donors due to an embargo by the US. In 1986 the Doi Moi reform shifted the economy towards market and globalization, leading Vietnam to steadier economic growth and specialization in oil, textile and clothing exports, and into one of the world’s biggest rice exporters after Thailand. Like that of South Korea’s, Vietnam’s remarkable economic development was later on also heavily supported by foreign aid and trade agreements established after 1993, while favourable ecological conditions similar to those of Thailand also contributed to the country’s economic growth. Despite the high risk of being severely affected, Vietnam also survived the Asian financial crisis relatively well (Chaponnièr et al 2008, Nguyen et al 2015, The World Bank Group 2015
Under France's direct rule, public works projects were pursued, but did not benefit the Vietnamese or Vietnam's economy. These projects were financed by exorbitantly high taxes on nearly every activity that the Vietnamese were involved in, which the Vietnamese people did not vote on. In the Pleasant Condition called "No Unequal Taxes or Forced Labor," Chau insists that in a modern, independent Vietnam that "taxes on this or that commodity have to be agreed upon by our people, and the proceeds must be spent on useful enterprises for the public good. The government can only start implementing its tax policies after the people have given their consent." The concept of fair taxes advances the cause of modern Vietnamese nationalism because in a Vietnamese democracy, taxes would be spent on projects and initiatives that would directly benefit the people, such as infrastructure and education.
However, our prediction is based on an assumption that Vietnamese government won't decrease the taxes on the domestically produced cars. Implementing the AEC for Vietnamese automobile industry will cause an increase of importing cars. One of the first strategies that AEC is going to take is decreasing the tax on the import automobile products.According to the road map of the ASEAN, the import tax rate will be reduced to 30- 20% in 2016, 10% in 2017 and totally removed at 2018.Consequently, the amount of import from all ASEAN countries to Vietnam will face dramatic grow. With more automobile products in the market, the competition is going to be increased, as well. Due to the fact that Vietnam is a high potential market, with growing demand for the automobiles, increasing the disposable income of the population.
Furthermore, Vietnam is a country with plentiful cultural legacies, especially vietnamese architecture, which had received and influenced from many cultures. Vietnam is a country with huge river network, comprises with over 2360 rivers, with totally over 10 kilometers of waterway, for this Vietnam would have significance water supply(). Unfortunately, most of the rivers were polluted and contaminated, mainly because people are unaware of the water condition and industries use rivers as sewage sinks(). Since Vietnam is a populous country with over 86 million people and these people are responsible for dirty water system, and inattentive of water condition; therefore, the enormous amount of trash that is generated daily are thrown into rivers, canals and ponds without
Americanization or Westernization of American companies enhance the communication of leaders and followers of Vietnam. The Americans have good presentation skills and are charismatic leaders with convincing speech and mature selling technique. Vietnam executives and American leaders have leadership and management maturity in the way they run their organizations compared to past years. The management theories and concepts reduce the gap that existed in companies. The Vietnamese matured in development of capitalism, institutions and management of infrastructures.
I felt that Vietnam was interesting country, variety of cultures and also very busy country. The chaos was obvious from traffic jam problem and many cars. Vietnam’s lifestyle is hastened by the Vietnamese who are diligent in making money. But what I am most surprised Vietnam has a lot of backwardness as well as buildings or busy traffic in the capital when compared with many country in Southern Asia. From this point of view, I am interested in knowing why Vietnam was slowly