This document provides an overview of socio-economic insights on Vietnam from the website Vietnamica.net. It includes summaries of Vietnam's economy, business environment, foreign direct investment trends, trade deficits and surpluses, agricultural exports, tourism industry, stock market performance, and cultural aspects relevant to understanding business practices. Reference readings on strategic topics like entrepreneurship, financial markets, and mergers and acquisitions in Vietnam's transition economy are also listed.
Solidiance shares the current opportunities and challenges of the Vietnamese market.
Where is Vietnam going from here? After formidable economic growth for the past 5 years, will Vietnam be able to sustain high level of foreign direct investment during the 2009 economic crisis.
Vietnam's retail market experienced slower growth from 2010-2012 due to declining GDP growth and inflation. However, the market remains attractive long-term due to Vietnam's young population, growing incomes, and urbanization. Foreign investment in retail has increased, though complex regulations remain a challenge. Modern retail channels are growing while traditional retailers still dominate. The outlook is positive over the forecast period as urbanization and incomes continue rising.
The Emergence of Private Equity in AsiaTuck Seng Low
Private equity has emerged as an important alternative investment in Asia. The presentation discusses the growth of private equity in Asia, with total private equity pools growing at an average of 24% annually from 1994 to 2003. Several Asian economies like China, India, Korea and Singapore have seen particularly strong growth. The presentation also outlines the types of private equity funds focused on Asia, including regional, country-specific, bank-sponsored and corporate funds. Selected private equity deals and exits in Asia from the first half of 2004 are also mentioned.
If you're planning to invest oversea ( FDI) and wan to take advantage on low labor cost, fast growing market, stable political, and the gate to ASEAN plus 3 ( China, Korea, Japan) or TPP. Let's go to Vietnam.
Understanding of the Vietnamese Economy and Business Environment 2010Tri Dung, Tran
The document provides an overview of Vietnam's business environment and foreign direct investment trends. It discusses Vietnam's GDP growth from 1990 to 2009, the stock of FDI by type of investment as of 2009, and major sources of FDI. Charts show Vietnam's GDP over time, the distribution of FDI by type, and major FDI source countries. The document also discusses cultural factors like perceptions of foreigners and strategic planning in Vietnam.
International Business Study Mission 2009 (IBSM) was led by Edwin Yeo and included Shannon Zhang, Koh Bee Ling, Jean Lee, Tan Jun Rong, and Richie Hideaki Mui. The document discusses Vietnam's history of foreign direct investment (FDI) including the introduction of economic reforms in the 1980s that liberalized the economy and led to growing FDI. It provides statistics on FDI growth and lists the top investing countries as well as the most attractive provinces for investment. Finally, it outlines various entry modes for foreign firms including exporting, licensing, franchising, joint ventures, and turnkey projects.
Alibaba.com Sourcing Intelligence Series - Vietnam (FULL version)Alibaba.com
Alibaba.com provides services to help Vietnamese suppliers meet international buyers. They organize meetings and factory visits where pre-screened suppliers can meet buyers in 17 Asian industrial zones. They also provide market intelligence, sourcing tips, and transportation arrangements to the meetings. Alibaba.com has partnered with the Vietnam Chamber of Commerce and Investment to provide training and seminars to help Vietnamese exporters better understand buyer requirements and explore export opportunities in various markets.
The document provides information about Long Hau Industrial Park in Vietnam as an investment opportunity for Japanese companies. It summarizes Vietnam's economic growth and competitive advantages for foreign investment including low labor costs, young workforce, and political stability. Long Hau Industrial Park offers savings in both time and costs for investors due to its proximity to ports, airport, and Ho Chi Minh City as well as availability of infrastructure and workforce. The park prioritizes sustainable development and currently hosts many Japanese companies across industries such as machinery, garments, and precision mechanics.
Solidiance shares the current opportunities and challenges of the Vietnamese market.
Where is Vietnam going from here? After formidable economic growth for the past 5 years, will Vietnam be able to sustain high level of foreign direct investment during the 2009 economic crisis.
Vietnam's retail market experienced slower growth from 2010-2012 due to declining GDP growth and inflation. However, the market remains attractive long-term due to Vietnam's young population, growing incomes, and urbanization. Foreign investment in retail has increased, though complex regulations remain a challenge. Modern retail channels are growing while traditional retailers still dominate. The outlook is positive over the forecast period as urbanization and incomes continue rising.
The Emergence of Private Equity in AsiaTuck Seng Low
Private equity has emerged as an important alternative investment in Asia. The presentation discusses the growth of private equity in Asia, with total private equity pools growing at an average of 24% annually from 1994 to 2003. Several Asian economies like China, India, Korea and Singapore have seen particularly strong growth. The presentation also outlines the types of private equity funds focused on Asia, including regional, country-specific, bank-sponsored and corporate funds. Selected private equity deals and exits in Asia from the first half of 2004 are also mentioned.
If you're planning to invest oversea ( FDI) and wan to take advantage on low labor cost, fast growing market, stable political, and the gate to ASEAN plus 3 ( China, Korea, Japan) or TPP. Let's go to Vietnam.
Understanding of the Vietnamese Economy and Business Environment 2010Tri Dung, Tran
The document provides an overview of Vietnam's business environment and foreign direct investment trends. It discusses Vietnam's GDP growth from 1990 to 2009, the stock of FDI by type of investment as of 2009, and major sources of FDI. Charts show Vietnam's GDP over time, the distribution of FDI by type, and major FDI source countries. The document also discusses cultural factors like perceptions of foreigners and strategic planning in Vietnam.
International Business Study Mission 2009 (IBSM) was led by Edwin Yeo and included Shannon Zhang, Koh Bee Ling, Jean Lee, Tan Jun Rong, and Richie Hideaki Mui. The document discusses Vietnam's history of foreign direct investment (FDI) including the introduction of economic reforms in the 1980s that liberalized the economy and led to growing FDI. It provides statistics on FDI growth and lists the top investing countries as well as the most attractive provinces for investment. Finally, it outlines various entry modes for foreign firms including exporting, licensing, franchising, joint ventures, and turnkey projects.
Alibaba.com Sourcing Intelligence Series - Vietnam (FULL version)Alibaba.com
Alibaba.com provides services to help Vietnamese suppliers meet international buyers. They organize meetings and factory visits where pre-screened suppliers can meet buyers in 17 Asian industrial zones. They also provide market intelligence, sourcing tips, and transportation arrangements to the meetings. Alibaba.com has partnered with the Vietnam Chamber of Commerce and Investment to provide training and seminars to help Vietnamese exporters better understand buyer requirements and explore export opportunities in various markets.
The document provides information about Long Hau Industrial Park in Vietnam as an investment opportunity for Japanese companies. It summarizes Vietnam's economic growth and competitive advantages for foreign investment including low labor costs, young workforce, and political stability. Long Hau Industrial Park offers savings in both time and costs for investors due to its proximity to ports, airport, and Ho Chi Minh City as well as availability of infrastructure and workforce. The park prioritizes sustainable development and currently hosts many Japanese companies across industries such as machinery, garments, and precision mechanics.
Japan Investment in Vietnam; Japan – Vietnam Investment Relationship; Doing business in Vietnam; Vietnam Investment Environment; Vietnam Business Opportunities; ベトナム進出; レンタル工場; ベトナム工業団地; 日系企業向けの工業団地
The document discusses the issues with global tax havens and their costs. It notes that the global tax haven industry is huge and hurts economic growth and development. Trillions of dollars are missing from countries' tax bases and held in havens, growing transnational corporate abuses. Solutions require transparency, ending tax and rule competition between countries, and addressing the roles of professionals and institutions that enable tax haven abuse.
Vietnam has experienced strong economic growth in recent decades and has the potential to become a tiger economy. It has a population of over 90 million people and major cities include Ho Chi Minh City, Hanoi, and Haiphong. While still a communist state, Vietnam has implemented economic reforms and opened up to foreign investment and trade. It faces challenges such as inflation, corruption, and environmental issues, but also opportunities in sectors such as energy, waste management, and green building. The US has growing trade relations with Vietnam and sees opportunities for exports in several industries.
The document provides information to attract investors to Colombia, including competitive tax incentives for investors in free trade zones and through legal stability contracts. Key sectors highlighted for investment opportunities include biofuels, cosmetics, IT services, tourism, and medical tourism. Colombia's GDP and exports have grown in recent years, while unemployment and inflation remain moderate. The government offers world-class services to support foreign investment.
This document provides an overview of developing resilient supply chains for the African consumer market. It discusses trends that will shape the African consumer market over the coming years, including the emergence of a middle class with discretionary income, a predominantly mobile digital consumer, a focus on value and saving money, a young and fast-growing population, urbanization and the rise of cities, and Africa's potential as a global food supplier. The size and growth of the African consumer market is significant and supply chains will need to adapt to its unique characteristics and trends to succeed.
Companies invest overseas for several reasons including accessing new markets, exploiting economies of scale, taking advantage of lower labor costs, and reacting to trade barriers. Foreign direct investment has grown significantly in recent decades and is driven by both macroeconomic factors and companies' strategic objectives. While foreign investment can benefit host countries through job creation and technology transfer, governments must consider incentives and potential drawbacks carefully.
The document provides an economic survey of Kenya for 2012 that highlights key developments in 2011. It summarizes that while Kenya's economy grew in 2011, the rate of growth slowed compared to 2010 due to factors like high oil prices, drought, and inflation. The manufacturing, agriculture, and tourism sectors saw growth despite challenges, while public spending and investment increased.
2011 Cabot Investor Conference - Middle Class Expansioncabotmoney
Middle class expansion in emerging markets was presented. Key points included:
1) The emerging market middle class is projected to grow significantly over the next decade, surpassing developed markets, with an estimated $20 trillion in annual spending by 2020.
2) Emerging market consumption is growing rapidly, driven by the middle class, with China and India representing over 60% of the expected $6 trillion in additional consumption from 2010-2013.
3) Emerging markets are transitioning from low-cost exporters to domestic consumer markets, with China now the largest consumer market for automobiles, luxury goods, and internet users globally.
Korea has the 15th largest economy in the world. It has experienced fast growth due to long-term stable policies and an educated workforce. Its key industries include steel, electronics, automobiles, and shipbuilding. It has a large export and import economy, with exports exceeding imports in 2011. The economy has low inflation and unemployment, with moderate GDP growth. Foreign investment is promoted and open in many sectors.
Vietnam has experienced strong economic growth and is becoming an important trading partner for Australia. As part of its integration into the global economy, Vietnam has signed agreements to reduce trade barriers and tariffs with countries like Australia. This has opened significant opportunities for Australian food exporters in Vietnam's growing food manufacturing, retail, and food service sectors. However, exporters may face challenges from an unfamiliar business environment and supply chain in Vietnam. Establishing partnerships with local importers can help overcome these challenges to access Vietnam's rising consumer class.
This document discusses foreign direct investment (FDI) in 3 paragraphs or less:
FDI is defined as direct investments in productive assets in a foreign country, with many countries using a 10% rule to differentiate between portfolio investment and FDI, requiring at least a 10% stake. FDI has 3 components - equity capital, reinvested earnings, and intra-company loans. The document then discusses several theories for why companies undertake FDI, such as arbitraging market imperfections, leveraging firm strengths, trade barriers, differences in labor markets and costs between countries, controlling intangible assets, and vertical integration.
The world is being redefined beyond frontiers by digital civilizations, and games are at the forefront of it. Talk given via Skype at Bitspiration in Poland on June 2012.
The document discusses new exhibition opportunities in China, Hong Kong, and Taiwan for Thai exhibitions. It provides economic data and trade links for each location. Representatives from the Thai Convention and Exhibition Bureau met with the Thai exhibitions industry to discuss capturing opportunities in these markets. The TCEB plans to undertake roadshows, meetings, and familiarization trips in 2009 to strengthen relationships and promote Thai exhibitions.
The document provides highlights from Kenya's 2012 Economic Survey. It summarizes Kenya's economic performance in 2011, noting GDP growth slowed to 4.4% from 5% in 2010 due to high oil prices, drought, and inflation. The agriculture, manufacturing, and tourism sectors grew while the stock market declined. Inflation increased to 14% in 2011. The economic outlook for 2012 projected lower GDP growth of 4.2% due to high fuel costs and inflation.
The document provides an overview of Vietnam, Binh Duong Province, and VSIP projects. It discusses Vietnam's economy and growth rates. Binh Duong Province has an area of 2,695 square kilometers and a population of 1.5 million. It also summarizes VSIP as a Singapore consortium led project to develop industrial parks in Vietnam with the goal of attracting foreign investment.
South African Investment Environment and Business Opportunitiessimguybar
Presentation to the US-South African Women's Business Forum Chicago by Pumla Ncapayi, Department of Trade and Industry Deputy Director General for Trade and Investment October 24, 2011
The document provides an overview of key macroeconomic indicators and trends in Japan including that Japan has a population of over 127 million, a GDP of over $4 trillion, and is one of the world's largest markets for health and functional foods. Tokyo and Yokohama are massive cities that are centers for buying restaurant equipment, and there are already a few Spanish restaurants in Japan serving casual food similar to Lizarran. The Japanese consumer market represents an opportunity for expanding the Lizarran franchise model given Japan's economic strength and interest in Spanish cuisine.
Dubai has transformed from a small fishing and pearl trading village in the 19th century to a major global financial hub through diversifying its economy away from oil into industries like trade, tourism, and real estate. It has pursued an ambitious growth strategy and economic freedom but faced challenges from oversupply and debt during the financial crisis that required a bailout. It aims to further develop as a trade, finance, and tourism center connecting Asia, Africa and Europe.
Peru offers attractive investment opportunities due to its strong economic growth, natural resources, and favorable climate for investment. The country has experienced GDP growth of nearly 10% annually in recent years and exports have tripled over 5 years. Peru also provides a stable macroeconomic environment with low inflation and a stable currency. The legal framework guarantees basic investor protections and tax stability. These factors make Peru a top destination for foreign direct investment in Latin America.
Xây Dựng Hệ Sinh Thái Khởi Nghiệp Đổi Mới Sáng Tạo Hội An: Kinh Nghiệm Từ Chư...Tri Dung, Tran
Kinh nghiệm trong thực hành xây dựng hệ sinh thái khởi nghiệp đổi mới sáng tạo của Swiss EP ghi nhận trong 6 điểm dưới đây:
(1) Tư duy xây dựng hệ sinh thái được thấu hiểu và ủng hộ từ cấp lãnh đạo;
(2) Xây dựng hệ sinh thái gắn với định hướng phát triển và đặc điểm kinh tế-xã hội của địa phương;
(3) Thúc đẩy hợp tác trong hệ sinh thái theo mô hình triple helix: nhà nước-doanh nghiệp-viện trường;
(4) Gắn dịch vụ hỗ trợ khởi nghiệp đổi mới sáng tạo với các sự kiện và hoạt động để tạo ra các chương trình hỗ trợ;
(5) Thiết kế tổ chức hỗ trợ khởi nghiệp đổi mới sáng tạo như một startup bắt đầu từ nhu cầu, mục tiêu mong muốn và nguồn lực sẵn có để hướng tới một mô hình kinh doanh bền vững;
(6) Bắt đầu với những người tiên phong tại địa phương.
Japan Investment in Vietnam; Japan – Vietnam Investment Relationship; Doing business in Vietnam; Vietnam Investment Environment; Vietnam Business Opportunities; ベトナム進出; レンタル工場; ベトナム工業団地; 日系企業向けの工業団地
The document discusses the issues with global tax havens and their costs. It notes that the global tax haven industry is huge and hurts economic growth and development. Trillions of dollars are missing from countries' tax bases and held in havens, growing transnational corporate abuses. Solutions require transparency, ending tax and rule competition between countries, and addressing the roles of professionals and institutions that enable tax haven abuse.
Vietnam has experienced strong economic growth in recent decades and has the potential to become a tiger economy. It has a population of over 90 million people and major cities include Ho Chi Minh City, Hanoi, and Haiphong. While still a communist state, Vietnam has implemented economic reforms and opened up to foreign investment and trade. It faces challenges such as inflation, corruption, and environmental issues, but also opportunities in sectors such as energy, waste management, and green building. The US has growing trade relations with Vietnam and sees opportunities for exports in several industries.
The document provides information to attract investors to Colombia, including competitive tax incentives for investors in free trade zones and through legal stability contracts. Key sectors highlighted for investment opportunities include biofuels, cosmetics, IT services, tourism, and medical tourism. Colombia's GDP and exports have grown in recent years, while unemployment and inflation remain moderate. The government offers world-class services to support foreign investment.
This document provides an overview of developing resilient supply chains for the African consumer market. It discusses trends that will shape the African consumer market over the coming years, including the emergence of a middle class with discretionary income, a predominantly mobile digital consumer, a focus on value and saving money, a young and fast-growing population, urbanization and the rise of cities, and Africa's potential as a global food supplier. The size and growth of the African consumer market is significant and supply chains will need to adapt to its unique characteristics and trends to succeed.
Companies invest overseas for several reasons including accessing new markets, exploiting economies of scale, taking advantage of lower labor costs, and reacting to trade barriers. Foreign direct investment has grown significantly in recent decades and is driven by both macroeconomic factors and companies' strategic objectives. While foreign investment can benefit host countries through job creation and technology transfer, governments must consider incentives and potential drawbacks carefully.
The document provides an economic survey of Kenya for 2012 that highlights key developments in 2011. It summarizes that while Kenya's economy grew in 2011, the rate of growth slowed compared to 2010 due to factors like high oil prices, drought, and inflation. The manufacturing, agriculture, and tourism sectors saw growth despite challenges, while public spending and investment increased.
2011 Cabot Investor Conference - Middle Class Expansioncabotmoney
Middle class expansion in emerging markets was presented. Key points included:
1) The emerging market middle class is projected to grow significantly over the next decade, surpassing developed markets, with an estimated $20 trillion in annual spending by 2020.
2) Emerging market consumption is growing rapidly, driven by the middle class, with China and India representing over 60% of the expected $6 trillion in additional consumption from 2010-2013.
3) Emerging markets are transitioning from low-cost exporters to domestic consumer markets, with China now the largest consumer market for automobiles, luxury goods, and internet users globally.
Korea has the 15th largest economy in the world. It has experienced fast growth due to long-term stable policies and an educated workforce. Its key industries include steel, electronics, automobiles, and shipbuilding. It has a large export and import economy, with exports exceeding imports in 2011. The economy has low inflation and unemployment, with moderate GDP growth. Foreign investment is promoted and open in many sectors.
Vietnam has experienced strong economic growth and is becoming an important trading partner for Australia. As part of its integration into the global economy, Vietnam has signed agreements to reduce trade barriers and tariffs with countries like Australia. This has opened significant opportunities for Australian food exporters in Vietnam's growing food manufacturing, retail, and food service sectors. However, exporters may face challenges from an unfamiliar business environment and supply chain in Vietnam. Establishing partnerships with local importers can help overcome these challenges to access Vietnam's rising consumer class.
This document discusses foreign direct investment (FDI) in 3 paragraphs or less:
FDI is defined as direct investments in productive assets in a foreign country, with many countries using a 10% rule to differentiate between portfolio investment and FDI, requiring at least a 10% stake. FDI has 3 components - equity capital, reinvested earnings, and intra-company loans. The document then discusses several theories for why companies undertake FDI, such as arbitraging market imperfections, leveraging firm strengths, trade barriers, differences in labor markets and costs between countries, controlling intangible assets, and vertical integration.
The world is being redefined beyond frontiers by digital civilizations, and games are at the forefront of it. Talk given via Skype at Bitspiration in Poland on June 2012.
The document discusses new exhibition opportunities in China, Hong Kong, and Taiwan for Thai exhibitions. It provides economic data and trade links for each location. Representatives from the Thai Convention and Exhibition Bureau met with the Thai exhibitions industry to discuss capturing opportunities in these markets. The TCEB plans to undertake roadshows, meetings, and familiarization trips in 2009 to strengthen relationships and promote Thai exhibitions.
The document provides highlights from Kenya's 2012 Economic Survey. It summarizes Kenya's economic performance in 2011, noting GDP growth slowed to 4.4% from 5% in 2010 due to high oil prices, drought, and inflation. The agriculture, manufacturing, and tourism sectors grew while the stock market declined. Inflation increased to 14% in 2011. The economic outlook for 2012 projected lower GDP growth of 4.2% due to high fuel costs and inflation.
The document provides an overview of Vietnam, Binh Duong Province, and VSIP projects. It discusses Vietnam's economy and growth rates. Binh Duong Province has an area of 2,695 square kilometers and a population of 1.5 million. It also summarizes VSIP as a Singapore consortium led project to develop industrial parks in Vietnam with the goal of attracting foreign investment.
South African Investment Environment and Business Opportunitiessimguybar
Presentation to the US-South African Women's Business Forum Chicago by Pumla Ncapayi, Department of Trade and Industry Deputy Director General for Trade and Investment October 24, 2011
The document provides an overview of key macroeconomic indicators and trends in Japan including that Japan has a population of over 127 million, a GDP of over $4 trillion, and is one of the world's largest markets for health and functional foods. Tokyo and Yokohama are massive cities that are centers for buying restaurant equipment, and there are already a few Spanish restaurants in Japan serving casual food similar to Lizarran. The Japanese consumer market represents an opportunity for expanding the Lizarran franchise model given Japan's economic strength and interest in Spanish cuisine.
Dubai has transformed from a small fishing and pearl trading village in the 19th century to a major global financial hub through diversifying its economy away from oil into industries like trade, tourism, and real estate. It has pursued an ambitious growth strategy and economic freedom but faced challenges from oversupply and debt during the financial crisis that required a bailout. It aims to further develop as a trade, finance, and tourism center connecting Asia, Africa and Europe.
Peru offers attractive investment opportunities due to its strong economic growth, natural resources, and favorable climate for investment. The country has experienced GDP growth of nearly 10% annually in recent years and exports have tripled over 5 years. Peru also provides a stable macroeconomic environment with low inflation and a stable currency. The legal framework guarantees basic investor protections and tax stability. These factors make Peru a top destination for foreign direct investment in Latin America.
Similar to Understanding of the Vietnamese Economy and Business Environment 2011 (20)
Xây Dựng Hệ Sinh Thái Khởi Nghiệp Đổi Mới Sáng Tạo Hội An: Kinh Nghiệm Từ Chư...Tri Dung, Tran
Kinh nghiệm trong thực hành xây dựng hệ sinh thái khởi nghiệp đổi mới sáng tạo của Swiss EP ghi nhận trong 6 điểm dưới đây:
(1) Tư duy xây dựng hệ sinh thái được thấu hiểu và ủng hộ từ cấp lãnh đạo;
(2) Xây dựng hệ sinh thái gắn với định hướng phát triển và đặc điểm kinh tế-xã hội của địa phương;
(3) Thúc đẩy hợp tác trong hệ sinh thái theo mô hình triple helix: nhà nước-doanh nghiệp-viện trường;
(4) Gắn dịch vụ hỗ trợ khởi nghiệp đổi mới sáng tạo với các sự kiện và hoạt động để tạo ra các chương trình hỗ trợ;
(5) Thiết kế tổ chức hỗ trợ khởi nghiệp đổi mới sáng tạo như một startup bắt đầu từ nhu cầu, mục tiêu mong muốn và nguồn lực sẵn có để hướng tới một mô hình kinh doanh bền vững;
(6) Bắt đầu với những người tiên phong tại địa phương.
Hệ thống đánh giá, nhận diện Doanh nghiệp kinh doanh bao trùm tại Việt NamTri Dung, Tran
1) Chính sách thúc đẩy doanh nghiệp kinh doanh bền vững, kinh doanh bao trùm
2) Triển khai Quyết định 167/QĐ-TTg của Thủ tướng Chính phủ về Chương trình hỗ trợ doanh nghiệp khu vực tư nhân kinh doanh bền vững
3) Công cụ, phương pháp đánh giá, nhận diện doanh nghiệp kinh doanh bao trùm tại Việt Nam
4) Tiềm năng hợp tác
Viet Nam Inclusive Business Accreditation SystemTri Dung, Tran
1- Policies to promote sustainable and inclusive businesses
2- Implementing Decision 167/QD-TTg: Program to promote inclusive and sustainable businesses
3- Inclusive Business Accreditation
4- Next steps
Promote Entrepreneurship and Innovation in UniversitiesTri Dung, Tran
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Kevin X Murphy: 10 Bridges For Innovation and Entrepreneurship in Viet NamTri Dung, Tran
Kevin X Murphy (President and CEO of JE Austin Associates) presents the 10 bridges connecting innovation ecosystem players in Viet Nam.
Bridge 1: Student Job Placement & Career Support
Bridge 2: Alumni Programs
Bridge 3: Executive Education & Lifelong Learning
Bridge 4A: Industry-Funded Research & Commercialization
Bridge 4B: Commercialization of Research
Bridge 5: Industry Consulting
Bridge 6: Definition and Measurement of Skills Standards
Bridge 7: On-Site Training, Internships & Apprenticeships
Bridge 8: Industry Responsive Curriculum & Training
Bridge 9: Regular Demand-Side Assessments & “Gap Analysis” Surveys
Bridge 10: Entrepreneurship Centers
VIET NAM 2023: ENTREPRENEURIAL ECOSYSTEM OF INNOVATIONTri Dung, Tran
* An introduction of the entrepreneurial ecosystem of innovation in Viet Nam
* Innovation, Entrepreneurship, and Ecosystem
* Startups and Innovation-driven Business
* Ecosystem Players
* Entrepreneurial Ecosystem of Innovation in University
* Municipal Entrepreneurial Ecosystem of Innovation
* The Ecosystems of Ha Noi, Da Nang, and Ho Chi Minh City
Doing Business in an Intercultural EnvironmentTri Dung, Tran
Why inter-culture maters?
What do we know about intercultural environment?
How to be ready in an intercultural environment?
Mindsponge
The 7 values
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The Swiss Entrepreneurship Programm (Swiss EP) aims to strengthen entrepreneurial ecosystems from 2015-2023 in select countries. It takes a systemic approach, focusing on strengthening the overall ecosystem by having local organizations drive sustainable change. Swiss EP works demand-driven and through co-creation by tailoring support to partner organizations' needs, allowing partners to determine sector focus, and filling gaps rather than crowding out current players. An external evaluation found Swiss EP entered the right places at the right time with the unique approach of facilitating job creation through successful entrepreneurs.
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Mandalay Resouces June 2024 Investor Relations PPT
Understanding of the Vietnamese Economy and Business Environment 2011
1. VIETNAMICA.NET
Socio-Economic Insights on Vietnam
Understanding of
The Vietnamese Economy and Business Environment
2. Bonjour Vietnam, 2006
Raconte-moi ce nom étrange et difficile à
prononcer
Que je porte depuis que je suis née
Raconte-moi le vieil empire et le trait de mes yeux
bridés
Qui disent mieux que moi ce que tu n'oses dire
Je ne sais de toi que des images de la guerre
Un film de Coppola, des hélicoptères en colère
Tell me all about this name, that is difficult to say.
It was given me the day I was born.
Want to know about the stories of the empire of
old.
My eyes say more of me than what you dare to
say.
All I know of you is all the sights of war.
A film by Coppola, the helicopter's roar.
Musician: Marc Lavoine (French)
Singer: Pham Quynh Anh (Belgian)
3. Vietnamese Tourism
2000-2005: Welcome to Vietnam
2006-2010: Vietnam: The Hidden Charm
(by Dr. Adam McCarthy, + 30% foreign
visitors)
Curious? Then What Next?
4. The Last Frontier
• First investment funds in Vietnam: early 1990s
– First half 1990s: Eight funds; US$700 Mln.
– After 1997: only two (Vietnam Enterprise Investment Fund run by
Dragon Capital Vietnam, and Vietnam Frontier Fund by Finasa)
• 2002-2005:
– Quite period
– Mekong Capital, VinaCapital, IDG, VietFund, PXP Asset Management
• 2006-2007:
– Booming period
– More: 22 funds and 17 fund management companies
• 2009-2010:
– Closing, exiting, leaving (Indochina Capital exited in May 2009)
– Poor perfomance (May 16, 2011)
• VMFVF1: 9.8; PRUBF1: 5.3; MAFPF1: 4.1
• Par value: 10
• The charm is no more hidden!
8. The Stock of FDI in Vietnam
(As of Dec. 22, 2010)
Type of Investment No. of Projs Registration Statutory
100% foreign-owned 9,599 119,252 39,258
Joint venture 2,209 60,586 16,964
Business cooperation contract 223 5,053 4,574
Joint-stock company 193 4,795 1,405
BOT, BT, BTO contracts 11 3,599 903
Investment holding 1 98 83
Total 12,236 193,382 63,186
(As of Oct. 20, 2009) 10,805 174,715 56,527
Source: GSO and Vietnam Economic Times, 2010. Registration and statutory
capital figures in million of USD.
9. Major FDI Sources, 2009
Source: Vietnam Economic Times, 2009.
Data point: Country; Cumulated FDI registration; Relative contribution in
percentage; Value: US$ Bln
10. Major FDI Sources, 2010
Chinese Taipei, 22.8 ,
12%
Others, 38.5 , 20%
Korea, 22.1 , 11%
Thailand, 5.8 , 3%
Caym an Islands, 7.4 ,
4%
Singapore, 21.7 , 11%
Hongkong, 7.8 , 4%
USA, 13.1 , 7%
Japan, 20.8 , 11%
BVI, 14.5 , 7%
Malaysia, 18.3 , 10%
Source: Vietnam Economic Times, 2010.
Data point: Country; Cumulated FDI registration; Relative contribution in
percentage; Value: US$ Bln
11. Vietnam: A Destination for American Companies
• Pros:
– The 2001 US-Vietnam Bilingual Trade Agreement
– Vietnam’s full membership of WTO in 2007.
– A promising market of 87 million people. The nation
GDP per capita was about US$1,200 in 2010.
– A reasonable alternative for China-based production
since the Chinese production cost is increasing
• Cons:
– Business environment: Organized Chaos
– Emerging and transiting economy
• Fact: No American FDI in Top15 (4-M 2011)
16. Agricultural Products Exports
US$ Mln
Aquacultural Products 4,953 6.9%
Vegetable 451 0.6%
Cashew nuts 1,136 1.6%
• The nation’s comparative advantage
Coffee 1,763 2.5%
Tea 197 0.3%
• Renewable resource
Pepper 425 0.6%
Rice 3,212 4.5%
• Green development and climate change
Casava 556 0.8%
Coal 1,549 2.2%
Crude Oil 4,944 6.9%
Total Export Value 71,629
17. Agricultural Products
John Richard "Jack" Simplot, 1909-2008 Dang Le Nguyen Vu, born 1971
King of Potato Trung Nguyen Coffee
Forbes (2007): # 273, US$3.2 billion Financial Times Case Study Apr. 27, 2011
19. Socio and Cultural Aspects
• Chinese-originated Confucianism
– Hierarchy
– Face-saving
– Relation business
• Social Ranking “Sĩ – Nông – Công –Thương”
– Gentry Scholar/Intellectual Official – Farmer –
Craftsman – Trade/Businessman
• The Hidden Entrepreneur’s Aspiration to Become a Non-
Entrepreneur
20. ‘Seed’ Capital
• Most Vietnamese business people are enthusiastic
about discussing collaboration opportunities
• Perception: foreigners bring
– Future profits
– AND immediate revenues
• Knowledge of the local market should be an asset for the
potential partnership
• Face-saving keeps Vietnamese business people not
asking for what they really want
• `Seed’ capital for long-term partnership
21. Cultural Interpreter
• There is a gap between what the
local partner proposes what he has
done or is able to do
• “Cultural Interpreter”
– local professional business and
consulting firm
– understanding and expertise of the
business and administrative
processes
22. Disguised Entrepreneurs
• Who are disguised entrepreneurs?
– A bunch of ideas and proposals
– NO risk-taking, NO implementing, ect.
– Trying to be on the “safe-side”
• Middle man:
– Willing to facilitate the foreigners’ smooth businesses in Vietnam
– Gains: profits, business relations, images and brands
• Keep encouraging them to do their best for business collaboration.
23. Strategic Planning
• Many set up and start running a new company with:
– A list of wishes
– No business plan
• New fashion of the Vietnamese large corporations:
– Doing “big things,”
– Thinking globally,
– Developing strategy
• Strategic planning services: a multi-million dollars market
• High prices for:
– Well-known consulting brands (experts, professors)
– The business owner’s ex-ante strategy
– Higher prices of equity
25. Reference Reading
• Vuong, Q.H., Dam, V.N, Van Houtte, D. and Tran, T.D. (2011) “The Entrepreneurial Facets as Precursor to Vietnam’s Economic
Renovation in 1986,” Working Paper Series Centre Emile Bernheim, SBS-EM – ULB, No. WP-CEB 11-010, April.
• Nancy K. Napier and Vuong Quan Hoang (2011) “Getting to the Real Story: What Vietnamese business people wish foreigners
understood about doing business in emerging and transition countries like Vietnam – BEFORE they start,” Int. J. Human Resources
Development and Management, accepted-forthcoming.
• Quan Hoang Vuong and Tri Dung Tran (2011) “Vietnam’s Corporate Bond Market, 1990-2010: Some Reflections,” The Journal of
Economic Policy and Research, Volume 6, Number 1, pp. 1-47, October 2010 – March 2011.
• Vuong Quan Hoang, Tran Tri Dung, and Nguyen Thi Chau Ha (2010) “Mergers and Acquisitions Market in Vietnam’s Transition
Economy,” The Journal of Economic Policy and Research, Volume 5, No. 1, pp. 1-54 (ISSN: 0975-8577), Mar. 2010. Institute of
Public Enterprises, Hyderabad 500-007.
• Vuong Quan Hoang (2010) Financial Markets in Vietnam’s Transition Economy: Facts, Insights, Implications. (ISBN: 978-3-639-
23383-4) VDM-Verlag, Feb. 2010, Saarbrücken, Germany.
• Quan-Hoang Vuong and Tran Tri Dung (2009) “The Cultural Dimensions of the Vietnamese Private Entrepreneurship,” The IUP
Journal of Entrepreneurship Development, Vol. VI, No. 3 & 4 (Sept. and Dec. 2009), pp. 54-78.
• Vuong Quan Hoang and Tran Tri Dung (2009) “Financial Turbulences in Vietnam’s Emerging Economy: Transformation over
1991-2008 Period,” in Jagadeesha and Deene, eds., Contemporary Issues in Finance, pp. 43-61, Excel Books, New Delhi, ISBN 978-
81-7446-725-6 (Amazon link). Available at SSRN: http://ssrn.com/abstract=1486204
• André Farber, Nguyen Huu Tu ,Tran Tri Dung, and Quan-Hoang Vuong (2008) “The financial storms in Vietnam’s transition
economy: A reasoning on the 1991-2008 period,” Working Papers CEB 08-023.RS, Université Libre de Bruxelles, Solvay Brussels
School of Economics and Management, Centre Emile Bernheim (CEB), November.