Swot Analysis on Vietnamese Economy
In recent years, globalization has become one of the most popular term involving in many business articles and speeches. Globalization has brought both advantages and disadvantages to the world in many aspects, from economy to culture. Along with the trend is the expansion of multinational company. Nowadays, it is common to see a company with operations in many countries. In order to penetrate to a new country, every entrepreneur should have a SWOT analysis about the country to know about its strengths, weaknesses, opportunities and threats. The analysis will help the entrepreneur to find a proper strategy for the company to operate in the new country. This SWOT report will analyze the strengths, weaknesses, opportunities and threats of Vietnamese economy.
With the GDP increases steadily 7% per year, Vietnam is a noticeable country which offers investors from every countries lots of strengths and advantages that they could find attractive and useful for their business process.
When comes to the strength, location can be the first strong point that has greatly affected the Vietnamese economy. Generally, Vietnam locates in the south east Asia, in the middle of the Pacific Asia area. It is bordered by Laos to the north west, Cambodia to the south west, People’s Republic of China to the north and the east sea to the east. Due to its location, Vietnam can be considered as the common trading place of the whole area, in which many companies take as its transition. For instance, many Japanese and Korean companies take Vietnam as a stop point in their process delivering products to the more southern countries. It is all due to the central location of Vietnam. Therefore, a huge amount of money has been invested in Vietnam with the purpose of not only improving the conditions but also attracting more investors. Vietnam has become an open market and become more popular in the past decades. Many important business events of the whole area have been held in Vietnam recently.
With the GDP increases steadily 7% per year, Vietnam is a noticeable country which offers investors from every countries lots of strengths and advantages that they could find attractive and useful for their business process.
When comes to the strength, location can be the first strong point that has greatly affected the Vietnamese economy. Generally, Vietnam locates in the south east Asia, in the middle of the Pacific Asia area. It is bordered by Laos to the north west, Cambodia to the south west, People’s Republic of China to the north and the east sea to the east. Due to its location, Vietnam can be considered as the common trading place of the whole area, in which many companies take as its transition. For instance, many Japanese and Korean companies take Vietnam as a stop point in their process delivering products to the more southern countries. It is all due to the central location of Vietnam. Therefore, a huge amount of money has been invested in Vietnam with the purpose of not only improving the conditions but also attracting more investors. Vietnam has become an open market and become more popular in the past decades. Many important business events of the whole area have been held in Vietnam recently.