Preview

Impact of Vietnam When Joining Wto

Powerful Essays
Open Document
Open Document
3075 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Impact of Vietnam When Joining Wto
The impact of Vietnam’s WTO membership on business environment: The case study in Da Nang city

1/ The awareness of enterprises of the impact of Vietnam’s WTO accession
2/ The specific preparations of enterprises before and after Vietnam joining to WTO
3/ Business performance
4/ Enterprises’ advantages and disadvantages in recent years
5/ Supports of governement and agencies
6/ Relationship with government agencies in the context of Vietnam joining WTO
7/ Evaluating impacts of WTO accession of Vietnam
Brief introdution

Globalization and international economic integration is being the world’s general trend. The official accession to WTO of Vietnam last year and integration process have resulted in not only opportunities but also challenges which enterprises have to overcome. Enterprises need to put reasonable strategies into effect in order to adapt to new business environment, to fit competitive requirements.
According to many studies, the participation to WTO would have the impact on import and export activities of country. There will be larger opportunities for Vietnamese goods to penetrate and expand their foreign markets. In addition, due to reducing tarriff barriers and implementing procedures following WTO regulations, the import of Vietnam will increase.

International integration and joining to WTO will have significant and comprehensive impact on localities and regions in many fields. The WTO accession is a favourable opportunity which contributes to transform economic structure, to speed up economic reform and growth. Therefore, if localities and regions know how to take full advantages of those opportunities, they would have a chance to grow.

Danang city is situated in key economic area of central Vietnam. The rate of economic growth of this city is quite high recent period and the development of the city would have the impact on other cities and provinces in this area. The investigation of the change in import-exports is necessary to evaluate the

You May Also Find These Documents Helpful

  • Good Essays

    Mgt 448 Week 2 Paper

    • 679 Words
    • 3 Pages

    Integration and agreements made will reduce tariffs barriers that are associated with trades of goods, services and the factors of produced goods between countries (Hill, 2004). As this paper will demonstrate a proper analysis of how integration will promote global advantages in business, and will deliberate the disadvantages and advantages of integration. Therefore touching basis of contrast and comparing the development of economic stages within a region and the effect on the process of development of business globally.…

    • 679 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    P1 Anatomy & Physology

    • 506 Words
    • 3 Pages

    Organelles; The mitochondria which are rod-shaped organelles. Their main function is to produce energy that a cell can use to function. The name organelle comes from the idea that these structures are to cells what an organ is to the body.…

    • 506 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    According to the Sachs and Gallup survey (1998), the economic performance is heavily affected by three factors. The three mentioned factors are location in the northern hemisphere, a temperate climate and access to a seaport. In this essay, I will examine the economic performance of Vietnam in which related to Sachs and Gallup theory, then analyze the other possible contributory factors. Finally, I'll sum up the ideas of this essay.…

    • 482 Words
    • 2 Pages
    Good Essays
  • Better Essays

    There were several problems created through the Roman policy of “Bread and Circuses.” As Rome’s political system evolved, Rome’s armies’ expanded the Roman power across Italy. After getting rid of their Etruscan rulers, Romans gained power over central Italy. By about 270 B.C., Rome occupied all of Italy. Rome’s success was partly because of its efficient, well-disciplined army. The Roman armies were made up of citizen-soldiers who fought without any pay, and supplied their own weapons. The basic unit was called the Roman legion. The Roman legion was made up of about 5,000 men. The Roman soldiers had a series of great victories. Young soldiers who showed courage, got praise and gifts, but those who fled from battle, were put to death.…

    • 1648 Words
    • 7 Pages
    Better Essays
  • Good Essays

    List the five most important inventions of the early nineteenth century. Rank them in order of importance. Justify your ranking.…

    • 695 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The global economic integration is the main trend of the development of current world economy. Some international organizations, such as WTO, are always applied themselves to promoting the trade liberalization and reducing the tariff wall among the countries.…

    • 1974 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Lastly, the establishment of WTO has been proven a success in the contribution of increase globalisation to increase international trade by lowering trade barriers and providing a forum of negotiation. This is evident in 2004 as it was successful in putting an end to the Multi Fibre Agreements hence removing the quotas on textiles import. This allows greater import penetration since both first world and third world countries remove such trading barriers therefore more trades can be conducted.…

    • 526 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Lichtenstein, Peter M. “Competing Perspectives on the Liberalization of China’s Foreign Trade and Investment Regime.” Journal of Economic Issues 34, 4 (2000): 873-889. Mah, Jai S. “Industrial Policy and Economic Development: Korea’s Experience.” Journal of Economic Issues 41, 1 (2007a): 77-92. ———. “Duty Drawback and Export Promotion in China.” Journal of Developing Areas 40, 2 (2007b): 133140. ———. “Foreign Direct Investment Inflows and Economic Development: The Case of Shenzhen Special Economic Zone in China.” Journal of World Investment and Trade 9, 4 (2008): 319-332. Meyer, Wolfgang. “The Infant-Export Industry Argument.” Canadian Journal of Economics 17 (1984): 249269. Narlikar, Amrita. “The Ministerial Process and Power Dynamics in the World Trade Organization: Understanding Failure from Seattle to Cancun.” New Political Economy 9, 3 (2004): 413-428. ———. “Fairness in International Trade Negotiations: Developing Countries in the GATT and WTO.” World Economy 29, 8 (2006): 1005-1029. Ozden, Caglar and Eric Reinhardt. “The Perversity of Preferences: GSP and Developing Country Trade Policies, 1976-2000.” Journal of Development Economics 78, 1 (2005): 1-21. Pangetsu, Mari. “Special and Differential Treatment in the Millennium: Special for Whom and How Different?” World Economy 23, 9 (2000): 1285-1302. Rios Herran, Roberto and Pietro Poretti. “Article 8 SCMA.” In WTO – Trade Remedies, edited by Rudiger Wolfrum, Peter Tobias Stoll and Michael Koebele, pp. 544-552. Leiden and Boston: Martinus Nijhoff, 2008. Sarkar, Prabirjit. “Trade Opennes and Growth: Is There Any Link?” Journal of Economic Issues 42, 3 (2008): 763-785. Scitovsky, Tibor. “Economic Development in Taiwan and South Korea, 1965-1981.” In Models of Development, edited by Lawrence J. Lau, pp. 129-181. San Francisco: ICS Press, 1990. Senona, Joseph M. “Negotiating Special and Differential Treatment from Doha to Post-Hong Kong: Can Poor People Still Benefit?” Journal of World Trade 42, 6 (2008): 1041-1064. Singh, Ajit. “Special and Differential Treatment: The Multilateral Trading System and Economic Development in the Twenty-First Century.” In Putting Development First, edited by Kevin P. Gallagher, pp. 233-263. London and New York: Zed Books, 2005. Suranovic, Steven M. “A Positive Analysis of Fairness with Applications to International Trade.” World Economy 23, 3 (2000): 283-307.…

    • 8867 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    References: 1. Akya, Chan. “Vietnam’s Hard Economic Lesson for China”. Asia Times. June 24, 2008. http://www.atimes.com/atimes/asian_Economy/JF24DK01.html…

    • 4023 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Economic Globalization

    • 663 Words
    • 3 Pages

    It is a difficult task to provide a clear-cut judgment on whether economic globalization is beneficial to overall the world economy. We see more states joining the World Trade Organization (WTO). We also see protests where people roaring “down down WTO”. The reason why we see this phenomenon is that economic globalization is a two-edged sword. While providing new opportunities, economic globalization also means risking its own domestic economy. It is important to carefully examine both the benefits and harms of this two-edged sword.…

    • 663 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Case Answer P58

    • 250 Words
    • 1 Page

    Becoming the 150th member of the World Trade Organization shows the country has the willingness to open its trade doors and a strong political move to prove that the country is willing to abide by outside rules and regulations. This would impress investors and would likely consider doing business with Vietnam.…

    • 250 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Taiwan is a small opening economy country, which depends on the growth of the import and export trade. Therefore, the government tried so hard to join the global export market and participle in the WTO activities for several years. However, Taiwan had faced so many changes of economic trading environment in recent years, such as the “ASEAN (Association of Southeast Asian Nations)” which includes Brunei, Lao, Cambodia, Indonesia, Malaysia, Myanmar, Philippine, Singapore, Thailand and Vietnam, is sending the control power to China; the EU eastward expansion, etc. These district integrations had made great impacts on Taiwan’s exporting.…

    • 936 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    International Business

    • 7542 Words
    • 31 Pages

    Chapter 1: The business enterprise in the international environment .........................12 Chapter 2: Perspectives on globalisation ..................................................................25 Chapter 3: The economic environment .....................................................................37 Chapter 4: The cultural environment.......................................................................48 Chapter 5: The political and legal environment........................................................58 Chapter 6: International trade and regional integration............................................70 Chapter 7: Strategy and organizations ...................................................................81 Chapter 8: Marketing ...........................................................................................94 Chapter 9: Human resource management .............................................................107 Chapter 10: Supply chains ...................................................................................118 Chapter 11: Finance and accounting .....................................................................131 Chapter 12: Innovation and strategy ....................................................................142 Chapter 13: Ecological challenges for…

    • 7542 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    rapid economic growth and a reduction in poverty. The globalization has affected the countries in the Mekong Sub-region in different ways, Vietnam just very recently have started to open up the economy, and changed the tourism policy - both aspects that affect trafficking a great deal. In 2007, Vietnam joined in the World Trade Organization (WTO). This leads us to believe in that Vietnam is inclined to increasingly participate in this “flat world”.…

    • 596 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Vinamilk Analysis

    • 13997 Words
    • 56 Pages

    References: Global Trade (2011), “Trade Barriers in Vietnam’, Global Trade, [Online], [Retrieved December 4, 2012], http://www.globaltrade.net/f/business/text/Vietnam/Trade-Policy-Trade-Barriers-in-Vietnam.html…

    • 13997 Words
    • 56 Pages
    Powerful Essays