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Essay / Research Paper Abstract
In three pages this paper answers questions regarding what Western companies can do to improve the political climate for doing business in Vietnam with specific examples provided and considers what perceptions are associated with ‘made in Vietnam’ products and whether or not the type of product plays a role in perception formations. Three sources are listed in the bibliography.
Page Count:
3 pages (~225 words per page)
File: TG15_TGwestviet.rtf
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Unformatted sample text from the term paper:
fastest rate of economic development in the region in more than ten years (Daley, 2008). Its expanding market includes entertainment, information technology, manufacturing, financial and banking services, fast food,
and fashion (Daley, 2008). As Western countries scramble to secure mutually beneficial business contacts with Vietnam, there is more to consider than the bottom line. A warm political
climate conducive for fruitful business relations must first be cultivated. Past mistakes must be corrected so that improved business dealings can take place in the future. First, whenever doing
business within any country, cultural understanding is crucial. Vietnam is no exception. This Asian country is rich in culture that is far different from the West in that
it is rooted in Confucian rather than democratic ideals. This harmonious approach to politics and business is readily apparent, as is cordial formality in terms of interaction and the
esteem upon which older members of Vietnamese society are held (Smith & Pham, 1996). The West needs to make a more concerted effort to adapt to Vietnamese culture and
respect its customs and mores instead of attempting to change them to reflect Western values that are markedly different. Learning about Vietnams cultural practices and showing a willingness to
conform to them will go a long way toward improved business associations and communications. Next, Western assistance - monetary and professional - for Vietnam businesses should continue unimpeded even if
growth should stall due to normal economic fluctuations or changes in internal policies. For example, Prime Minister Nguyen Tan Dung has expressed his intentions to implement human rights reforms
and reduce government corruption. These objectives will take time to realize, and Western business partners remain supportive of these reform efforts. Patience and a willingness to stay the
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