NGUYENTHIBICHNGOC_EMS2

NGUYENTHIBICHNGOC_EM - 06071093 After WTO accession Vietnam economy has turned to next page which allows domestic foreign investors to seek more

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06071093 After WTO accession, Vietnam economy has turned to next page, which allows domestic foreign investors to seek more opportunities to expand their business. Vietnam creates favorable environment to attract more companies to enter its market. Not only do these provide a lot of opportunities but also bring about threats for companies when they enter the Viet Nam market. The first thing to go is opportunities that companies benefit. Thanks to the new economic polices of government about market–oriented economy and clearer policies about open economy, Viet Nam now cooperates with a lot of big, middle and small business in other countries. The trade is freer because of a very little intervention of the government in the economy. For example, a foreign company can set up a representative office or company more easily because Vietnam government is encouraging more and more foreign companies to invest into Vietnam. Export- import activities and types of goods are more diversified. That is the reason why Vietnam is attracting many investors. Besides, Viet Nam now has a rapid economic growth pace in the region. The average GDP each year is 7.5% proving that Vietnam is a profitable and potential market. This feature is always an impressive one to investors when entering the Vietnamese market. High economic growth pace means that the investors are easy to get great profit and develop their business. For
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This note was uploaded on 07/30/2011 for the course FIN 202 taught by Professor Hung during the Spring '11 term at Keuka.

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NGUYENTHIBICHNGOC_EM - 06071093 After WTO accession Vietnam economy has turned to next page which allows domestic foreign investors to seek more

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