Preview

PETEL Anylysis

Satisfactory Essays
Open Document
Open Document
545 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
PETEL Anylysis
PESTEL on the Hospitality and Tourism in Vietnam
Political
The political system in Vietnam is stable .The politics of Vietnam defined by a single party socialist republic work where the President is the head of state and Prime Minister is the head of Government.
Hospitality and Tourism in Vietnam is under controlled by Viet Nam Ministry of Culture , Sport and Tourism .
The Vietnamese government’s policies tend to promote the development of economy with open-door policies in attracting Foreign Direct Investment . Beside that ,the Tax policies ,employment laws are also adjusted to guarantee the benefits of country ,company and labors.
Hospitality and Tourism industries has good support from the government .they supporting by many ways in order to lead our Hospitality and Tourism Industries become biggest industries contribute to the economic and provide jobs for Vietnamese . The gorvement also development plans for Hospitality and Tourism Industries . there are national program better develop hotel management staff , service staff ,chef , tour guide , human resource, travel agent and other hospitality workers . at present ,apart from university , college , vocation training , private school ( ex. City Smart Hospitality Education ) which provide training in tourism under management of Ministry of Education and Training co-operate with MOCST
New immigration policies for ASEAN . The tourist from those country does not need to apply their visa . Political is the key to the success of any industries in general and hospitality and tourism in particular . the political approach can influence number of visitor ,tourist and business traveler to Vietnam

Economic.

Vietnam has been recovering as a developing with large population after 38 years being influenced by of ravages of war The gorvement planned to implement the necessary structural reforms in order modernize the economy.

In Jan,2007 Vietnam joined the World Trade Organization ( WTO ) so

You May Also Find These Documents Helpful

  • Good Essays

    First of all, to define the economic performance of Vietnam, I will use GDP or gross domestic product as a basic to evaluate its effectiveness. According to a research of World Bank (2012), Vietnam was ranked 42nd over 178 countries with GDP (PPP) of $320.879 billion. Meanwhile, according to IMF (2012), Vietnam was ranked 51st over 178 with nominal GDP of $141.463 billion. These statistics already show a briefly look about the economic performance of Vietnam, in which can tell that, Vietnam still has a long way to achieve its ambition of becoming a strongly developed country. However, its accomplishment is remarkable.…

    • 482 Words
    • 2 Pages
    Good Essays
  • Good Essays

    a. Vietnam’s economy has grown significantly, expanding at an average rate of 7.5% per annum over the past decade. In 2010, foreign investors registered capital of nearly $18.6 billion (US), in which the actual disbursed capital came to $11 billion. Vietnam offers a welcoming investment climate, including solid economic grown, political stability, a competitive workforce, a gradually more open and transparent market, abundant natural resources and good geographic positioning in the region. The Vietnamese economy keeps developing at a rapid pace. Exports continued to increase at a high growth rate of 21% in 2003 helped by the strong performance of exports to the USA, which grew by over 60% from a low base.…

    • 934 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Economic reforms are changing Vietnam from an agricultural rich economy to a service industry one. Throughout the years, agriculture, as a percent of Gross national product, has decreased from year to year, while service and industrial are increasing. This steady decline is because of the changing situation with its economy. With this decrease, migration to cities and towns is usually normal, but not in this case, as Vietnam has stayed primarily rural. The main agricultural cash crops in Vietnam are rice, coffee, cashews, corn potatoes rubber, soybean and tea. Clothing, computers and electronics are a growing part of the economy as well. Tourism is the largest industry in the service sector.…

    • 2069 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Gender Roles in Vietnam

    • 761 Words
    • 4 Pages

    In the 20th Century, Vietnam underwent structural transformation, including military mobilisation, periods of socialist collectivisation, and decades of continuous wars, severe economic stagnations, and marketing liberalisation.…

    • 761 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Nowadays, the Vietnamese government is opening many jobs that need high professional skills and great scientific progress. Therefore, many Vietnamese immigrants return Vietnam to work. Moreover, the Vietnamese government gives them many benefits, such as free house, life insurance and high income to keep them working in Vietnam. In addition, the life in Vietnam is cheaper and easier than America. For example, Vietnamese experts, who has a degree and higher education in America, might earn a good income, but they also pay a lot of money for their cost of living.…

    • 487 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    When we consider the opportunities for foreign companies in Vietnam, we can make a list as follows, young population consist of large workforce with cheap labor cost, set-up cost and material cost, potential market which consist of competitors which are local companies with small capital and numerous economic laws and regulations have been changed to attract FDI. For consumer-product companies, the opportunities might be huge population. For the industrial-products companies, they were newly opened at that time to private sector, before joining WTO, most of industry companies were Government owned. We can also count its location as an opportunity; Vietnam is next to highly populated developing countries like China and India.…

    • 335 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Case Answer P58

    • 250 Words
    • 1 Page

    The political environment poses an opportunity for American firms because the Vietnamese government is now working hard to attract U.S. investment. Now American companies have the chance to gain a strong position by investing while the political opportunities are good.…

    • 250 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Pearl Greed

    • 793 Words
    • 4 Pages

    In life, people are always confused about what they really need and what they want. Sometimes, they get so wrapped up in greed they forget what is really important in life. The Pearl, by John Steinbeck, has a very creative way of showing this. Kino is the main protagonist in the book who, at first, is very poor and is just trying to live the best life his family. Then, he finds a magnificent pearl, and he starts to be overcome by greed and looses focus what he really needs in life.…

    • 793 Words
    • 4 Pages
    Good Essays
  • Best Essays

    References: Aseansec.org (2007) ASEANWEB - ASEAN Economic Community. [online] Available at: http://www.aseansec.org/18757.htm [Accessed: 1 Oct 2012].…

    • 3087 Words
    • 13 Pages
    Best Essays
  • Good Essays

    Restaurant Cleanliness

    • 11406 Words
    • 46 Pages

    Thesis submitted to the faculty of the Virginia Polytechnic Institute and State University in partial fulfillment of the requirement for the degree of…

    • 11406 Words
    • 46 Pages
    Good Essays
  • Good Essays

    Trung Nguyen Coffee

    • 966 Words
    • 4 Pages

    Legislation and regulations, politics of Viet Nam relatively settle, there is no huge difference in legislation between generations of leaders because of the policies of the socialist-oriented combining the market economy. Moreover, Vietnamese government is stimulating and supporting the coffee…

    • 966 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    As you can see, Vietnam has many advantages to develop this kind of tourism. Therefore, MICE industry becomes new development trend in Vietnam. However, Vietnam should be more flexible with the market field of vision, concentrate on training the staffs to serve tourists in the best way. In the future, Vietnam will no longer become the best choice for MICE delegations in the…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Comparing with other south East Asia countries, Vietnam is considered behind on their economy development due to war which finally ended in 1976. For a decade after Vietnam War, Vietnam was troubled with corruption, low productivity, restriction on economic activity and also suffered from post-war trade embargo by United States and most of Europe (Wikipedia).…

    • 3600 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    Likewise, the tourism industry is also another field in Cambodia with many considerable improvements due to the impact of ASEAN. “Tourism is an important sector through which Cambodia has been working with ASEAN for decades. Regional tourism has a big potential and becomes more and more important even though it has been hindered by SARS (in 2003) and bird flu.” (Chheng, 2011). As it can be seen Cambodia is in a great demand of financial and human resources to develop the country, so this improvement does help Cambodia’s development and cut down the unemployment rate.…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    In these recent years, the travel agencies have designed many packages to Vietnam. Vietnam has become popular that the sightseeing spots attract many visitors from different countries. The companies and foreign firms are already well-established in Ho Chi Minh City. The establishment of these corporations has attracted much labour. Many chambers of commerce, including the Canadian Chamber of Commerce, have set up in the city. Therefore, the hotels in Vietnam are in great demand by a large number of visitors.…

    • 5236 Words
    • 21 Pages
    Powerful Essays