Pest Analysis Vietnam
COUNTRY ANALYSIS - VIETNAM
Political
Examining the political situation of Vietnam is complex since country itself represent a colorful political history (Sterling, 2006). According to Thompson G (2009), the policies of the current government operate under the name of communist, however, country’s government has a very positive attitude towards welcoming foreign direct investment (FDI) and developing Trade relations which are the opposite of the whole Communist systems. Vietnam government launched “DOI MOI” (appendix, P.) economic reform polices in 1986 (adb.org). In January 11th 2007, Vietnam nominated as the 150th member of World Trade organization (business.timesonline.co.uk). Judging form this statement, Vietnam government seem devoted to enhance the country‟s economy and foreign direct investment.
In 2005, Vietnam took the major step in rubber plantation with approval Vietnamese Prime Minister Phan Van Khai. He advocated projects for restructuring of agricultural which enable land areas; approximately 600,000 ha (1 ha = 10,000 square meter) for rubber plantation (plasticsandrubberasia.com). Moreover, He promised additional 100,000 ha for rubber plantation by year 2010. However, The Ministry of Agriculture and Rural Development (MARD) only able to approved 44,000 ha land areas in 2010 that meet the criteria with their Departmental policies. In June 2009, The Vietnamese government approved to expand the rubber plantation area until 800,000 ha by the end of 2015 (plasticsandrubberasia.com). According to Daily “Vietnam News” (10, November, 2009), there are 678,600 rubber planted areas where by mean that additional over 100,000 ha will be available for rubber plantation in the future; which create the opportunity for foreign investors. Moreover, same journal stated the Vietnam government will support in the research of new and hybrid rubber clones as well as higher quality and better yields import rubber clones for the purpose of long-term rubber industries
Political
Examining the political situation of Vietnam is complex since country itself represent a colorful political history (Sterling, 2006). According to Thompson G (2009), the policies of the current government operate under the name of communist, however, country’s government has a very positive attitude towards welcoming foreign direct investment (FDI) and developing Trade relations which are the opposite of the whole Communist systems. Vietnam government launched “DOI MOI” (appendix, P.) economic reform polices in 1986 (adb.org). In January 11th 2007, Vietnam nominated as the 150th member of World Trade organization (business.timesonline.co.uk). Judging form this statement, Vietnam government seem devoted to enhance the country‟s economy and foreign direct investment.
In 2005, Vietnam took the major step in rubber plantation with approval Vietnamese Prime Minister Phan Van Khai. He advocated projects for restructuring of agricultural which enable land areas; approximately 600,000 ha (1 ha = 10,000 square meter) for rubber plantation (plasticsandrubberasia.com). Moreover, He promised additional 100,000 ha for rubber plantation by year 2010. However, The Ministry of Agriculture and Rural Development (MARD) only able to approved 44,000 ha land areas in 2010 that meet the criteria with their Departmental policies. In June 2009, The Vietnamese government approved to expand the rubber plantation area until 800,000 ha by the end of 2015 (plasticsandrubberasia.com). According to Daily “Vietnam News” (10, November, 2009), there are 678,600 rubber planted areas where by mean that additional over 100,000 ha will be available for rubber plantation in the future; which create the opportunity for foreign investors. Moreover, same journal stated the Vietnam government will support in the research of new and hybrid rubber clones as well as higher quality and better yields import rubber clones for the purpose of long-term rubber industries