Essay on Case 1 - in the International Spotlight, Vietnam

Jason Proctor N00038265 Case 1: In the International Spotlight, Vietnam Management 4600 – International Management CRN 85418 9/09/2011 1. In what way does the political environment in Vietnam pose both an opportunity and a threat for the American MNCs seeking to do business there? The political environment poses an opportunity for American firms because the Vietnamese government is now working hard to attract U.S. investment. Their Government is continually being innovative and perfecting mechanisms and policies to encourage all non-state economic sectors to expand investment, including the U.S., to increase the efficiency†¦show more content†¦This is a prime time to start to market not only new business but products, services and jobs that this economy can use to grow, modernize and adjust to the international markets. Technology and industrial equipment that can help increase the nations productivity. This increase in the nation’s productivity will improve business relations and raise the countries standard of life as the Vietnamese worker is content on making almost nothing currently. The potential here is almost limitless as the emerging country is just now opening up globally. I believe Vietnam compares to China as they both have strong agriculture, natural resources and low cost labor to provide multinational corporations. China and Vietnam are both communist countries that have heavy government control and direction. Light industrial and labor intensive industries are on the rise in both countries. With the similarities Vietnam and China have on the international business market, â€Å"Vietnam is a sound alternative to China for those looking at Asia for their investment†, writes Mr. Christopher Runckel, President of Runckel amp; Associates. (The Vietnam Economic Times: Supplement October 2006) Another similarity Vietnam has with China is the boom in industrial and power transmission markets. China is one of, if not the top, importer and exporter of minerals and power sources such as coal and oil. Vietnam currently hasShow MoreRelatedNixon s Impact On The Vietnam War903 Words   |  4 Pagesmodest by assigning responsibility for the war in Vietnam to the Johnson administration election, Nixon consistently criticized Johnson s Vietnam policy. 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