For upper-level undergraduate International Business and Finance courses. The Nanyang Business School in Singapore requires every candidate for its Master of Business Administration degree to complete a Business Study Mission (BSM). This volume contains business reports originating from the Business Study Mission to the Socialist Republic of Vietnam in March of 1996. In this volume, the editors offer a comprehensive and penetrating profile of the political economy of Vietnam during a critical shift in policy.
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Book Description
Editorial Reviews
From the Back Cover
This volume contains business reports originating from the Nanyang Business School's Business Study Mission to the Socialist Republic of Vietnam in March of 1996. In this volume, the editors offer a comprehensive and penetrating profile of the political economy of Vietnam during a critical shift in policy. The chapters proceed from macro issues to functional areas of law, tax, trade regulations and accounting, to specific economic sectors and special issues.
Excerpt. © Reprinted by permission. All rights reserved.
From Chapter 1:
Since opening its doors in the mid-1980s, the Vietnamese economy has grown at more than 8% annually. The driving forces underpinning this developmental success are 75 million relatively literate, healthy and hardworking people complemented by a rich endowment of natural resources, substantial injections of foreign direct investment and technology transfer. With its admission as a full member of the Association of Southeast Asian Nations (ASEAN) on 18 July 1995, Vietnam closed its era of isolation. ASEAN member nations have already committed substantial resources, currently more than US$3 billion, to the development of its economy. Singapore-based firms are active in Vietnam and they represent its third-largest overseas source of investment capital. The potential for sustained economic growth is indeed solid. However, the idiosyncratic nature of a centrally planned economy moving toward a market-oriented system is an enigma to potential investors. Thus, there is a need to understand the mechanisms which underpin the present transition of Vietnam's economy.
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