Vietnamese Market Potentials and Challenges - Case Study Example
Nobody downloaded yet
Extract of sample Vietnamese Market Potentials and Challenges
According to the research findings, it can, therefore, be said that many global companies have preceded Americans in venturing into Vietnam. Daewoo by South Korea was the only large investor but other companies that have heavily invested in Vietnam are Sony Honda, Toshiba, and British Petroleum bad Peugeot. The first US Company to market legally in Vietnam was Carrier, which windows air conditioners which appeared in Ho Chi Minh City and Hanoi stores. Pepsi and Coca-Cola companies were also first to venture in Vietnam. Experts believe that the market of Vietnam has great long-term potentials. However, compared to Thailand, it is less economically developed, and it might take it a minimum of two decades to reach the economic level of Thailand today. However, the location of the country at the center of Asia, together with enough low wage work-force powerfully attracts foreign investors into the country like a magnet. Presence of neighboring countries like Thailand and Malaysia which are fast developing has made Vietnam lag behind. Politically, the Vietnam War isolated it from the industrial West as well as the United States. Recently, the country has tried to solve many problems with the Chinese government and currently, China is an important economic ally of Vietnam. Vietnamese population is so poor that they only earn $200 per capita. This may still offer sufficient market for Pepsi products like tomato and chili sauces. Infrastructure is also underdeveloped where only 10% of roads are paved and electricity is also very unreliable. However, manufacture of Pepsi may not be affected because raw materials are readily available within the locality and labor force is sufficient and cheap. For every 100 people, there is rarely a telephone available and the system of banking is underdeveloped too. However, Vietnamese communist party is currently struggling to adapt market economy principle and bureaucracy. With layers built up in decades of the rules of communist, which slow change pace. State committee for investment and cooperation is the key agency and because every agency wants to make the final decision, then the investment climate must be improved if Pepsi and other companies are to thrive well in this country.
This research is being carried out to evaluate and present Vietnamese market potentials and challenges and perception of Vietnamese Market Potentials and Challenges products. This essay also explores how western countries can help improve the political climate in Vietnam…
The paper aims to determine the current state of new businesses in Saudi Arabia – its contribution to the economy and the limitations that it currently faces; be able to provide a deeper understanding of the new businesses as well as their potential to contribute to the economy of Saudi Arabia; provide suggestions as to how can the government better improve its policies that will enable its new businesses to be able to grow, become sustainable and become partners for economic prosperity of the country.
4 Abstract The project begins with an extensive study of the cosmetic market in China. China has been one of largest market of cosmetic products. The desire to look beautiful and attractive was inherent among the Chinese people. However, the market suffered a setback due to the onset of the recession in 2008.
For the organizations to be ready for action in an international market it is essential for them to produce their products and services and provide them worldwide in order to make sure that the requirements of the customers are satisfied.
Restricted access to health care, lack of know how regarding health, customary health believes and damaged physician –patient communication are significant health linked drawbacks facing the population. Introduction Studies conducted in the years 1978 to 1985 and from 1991 came to a conclusion that a woman of Vietnam origin had the highest rate of hypertension as compared to other women Asian American racial group.
Competition from GMarket, a similar online seller, had a better service model that better meet the needs of Chinese customers. For example, GMarket provides the ability for sellers to have links to their own business websites where sellers can provide incentives and where customers could chat with sellers in real-time (Ihlwan, 2006).
In 1973, Washington had to sign the Paris Agreement on the restoration of peace in Vietnam and the withdrawal of all American troops from Vietnam. In the spring of 1975, the patriotic armed forces of Vietnam swept across the country in the great general offensive and overthrew the Saigon government Southern part of Vietnam was liberated and the country was united as one.
For economic and political reasons, Coca-Cola would benefit establishing a foreign manufacturing facility and economize on transportation costs. Moreover, the overseas locations often serve as a means of surmounting governmental barriers to imports. Most license agreements are detailed, requiring only periodic monitoring.
Moreover, it also states that competitiveness is linked to a well-organized infrastructure system to which a competitive logistics transport system is vital and that assists the countries in progressing
When Vietnamese government decided to reform the economical system and shift to capitalism, the transition turned out to be quite painful and caused much turmoil. A standout Vietnamese film director, Tran Anh Hung,
6 pages (1500 words)Essay
Hire a pro to write a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Apply my DISCOUNT
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you an essay for FREE
Contact us via Live Chat, call us at +16312120006or send an email to email@example.com