Business in Vietnam
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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