Positive And Negative Effects Of Globalization In Vietnam

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Evaluate the positive and negative of globalization on Vietnam Today, there are increasing international brands set their factories in Vietnam such as Columbia Sportswear, L.L.Bean and Nike(DangThu,2011). It is not a secret that globalization is increasing substantially and creating new opportunities for Vietnam. As Wild and Han said, ‘Globalization trend toward greater economic, culture, political, and technological interdependence among national institutions and economic.’(Wild&Han, 2006:6) However, globalization not only took benefits to Vietnam. Globalization made negative and positive impacts on Vietnam in economy,culture and environment respectively. Globalization, particularly economic globalization, has positive and negative influences on Vietnam. Before globalization, the level of the economy in Vietnam was low that people could not get food and clothing. Vietnam was a backward agricultural country which had the visible gap between social classes(VOV, 2006). By co-operating with overseas corporations, local companies in Vietnam increased the volume of business. The demand on labor from companies and factories was increased as increasing business. World Bank showed, ‘The GDP growth rate jumped to 11.1 percent from 1994 to 2000(World Bank, 2004:13).’ With the increased GDP, the Vietnamese solved the problems of food and clothing. The Vietnamese economy achieved its highest economic freedom score ever in the 2015 Index (The Heritage Foundation, 2015). However, there

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