Business in Vietnam

Post on 17-Nov-2014

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This was a presentation my classmates did on doing business in vietnam

Transcript of Business in Vietnam

Vietnam

Vietnam War1959-1975

Unification of North and

South Vietna

m

Communi

st governme

nt

“Doi

Moi”

Business in Vietnam

Consumer goods for the domestic

market

Exportation gaining

popularity

Easier for overseas businesses to set

up operations

Government welcomes foreign

owned companies

Details of Business

Business license

Banks and Loans

Vietnam

Stock

Markets

Bribery and corruption

Hofstede’s Dimensions

High PDI + Low UAI =• Employees see the

organization as a family• Bosses supposed to take

care of employees physically and financially

PDI UAI IDV0

10

20

30

40

50

60

70

80

90

USA Vietnam

Femininity

MAS0

10

20

30

40

50

60

USA Vietnam

Long Term Orientation

LTO0

10

20

30

40

50

60

70

80

USA Vietnam

Customs

Culture Values

Allegiance to the family

Concept of “good name”

Love of learning

Concept of Respect

CommunicationNon-verbal

Communication

Communicating with Vietnamese

Social Relationships

Business Culture

Meetings

Gift

giving

Age

Addressing Vietnamese

Travel Tips

Getting Around

Travel Tips

Safety

Food

Demonstration

http://video.about.com/thaifood/Fresh-Shrimp-Spring-Rolls.htm