PEST Analysis On Vietnam
PEST analysis of Vietnam
·Political factors: · government type: Vietnam is known as a Socialist Republic. · freedom on economy: Vietnam has not high economic freedom, which score is 51.0. Even though the index of Vietnam can not compare with western developed countries’, however since 1986 the government implement open-door to the outsider world policy, making Vietnam becoming to an open country and attracting increasingly investors’ attention and opportunities. · Political Stability: Vietnam is an independent, socialist republic country, governed by the only power: Communist party of
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Technological factors:
· Vietnam has seven international airports and fifteen civil airports, basic transportation systems such as railways, road, waterway system are more intact then before, even through after several years development and received economic benefit, transportation still limited the development of Vietnam.
· After Vietnam joined the ASEAN, on account of the geographic advantages and its opening policy, Vietnam gain more opportunities to cooperate with the first rate company and to reform the inside industrial structure, such as accelerate energy technology and digitalization process. Beyond any question Vietnam make a progress than before, however a huge difference still exist, Vietnam still remains one of the lowest technology country, much behind than adjacent region countries. Specific on technological innovation, scientific research input. More assembly lines in the high-tech park rather than technology or innovation.
Conclusions:
With the PEST analysis above, it can be concluded that the PEST environment of Vietnam has definitely improved its international business activities in the past 10 years, 1996 the government come up with striving to develop the industry and modernization, on the basis of market economy, from 1990-2008 the GDP of Vietnam grows robustly with average 7.7% increase, with a rate of about 6.18% in 2009, and 6.9% in 2010, and 5.89% in
This dramatic change which occurred in less than 25 years is all due to the conflict theory. Without the Battle of Bach Dang it is possible that Vietnam could still be under Chinese rule and the people would continue to be exploited.
PEST is creation for Political, Economic, Social and Technological. This investigation is utilized how these four external factors influence to business circumstance. Essentially, a PEST investigation helps you decide how execution and exercises are
“The Communist Party of Vietnam [CPV], became the ruling party, in the northern part of Vietnam, after defeating the French, at Dien Bien Phu, in 1954 and across the nation, since 1976, following the collapse of the American-backed southern regime. The next decade saw the CPV’s rationalist installation of a Stalinist-style centrally planned economy” (Nguyen, 2016, p. 33). The social structure of Vietnam based on total control, Nguyen’s family like many others found it impossible to adjust to the tyranny imposed by the Communist regime, therefore, they fled Vietnam!
According to the staff of History.com, Vietnam, a small Southeastern Asian nation, was controlled under French colonial rule since the 19th century. Following Japan’s defeat by the Viet Minh in World War II, there was a split in Vietnamese ideas. The nation as a whole wanted Vietnam to come together as a unified populace, but different regions had different ideas for how they wished to be governed. The northern region believed that the best idea for government would be that of one modeled after communism, but the southern region believed the exact
Vietnam is known for many things such as their culture, traditions, cuisines, landscape, war, and their people. Vietnam includes many different landforms as well. Vietnam’s absolute location is 14.0583 N and 108.2772 E. As for its relative location it is surrounded by three countries and the Pacific Ocean, the three countries surrounding Vietnam is Cambodia and Loas to the West, while China is to the North. Some physical features of Vietnam are the Red River Delta that is fronted by the hills that rise into the high mountains in the Northwest, the coastal lowlands and the Mekong River Delta in the Southern regions, and the Annam Highlands which covers up most of the central landscape. About twenty percent of low-lands covers the country.
They had many different rulers including the Ly and Tran Dynasties. “Vietnam is the easternmost country of the Indochinese Peninsula”, and is bordered to the east and south by the China Sea. Vietnam is bordered to the north by China, and it is bordered to the west by the countries of Laos, Thailand, and Cambodia. Vietnam is a very long and narrow country and it appears to be an the shape of an “S”. Vietnam has both a Tropical zone and a Temperate zone, with tropics and mountains.
Communism has played a large role in modern politics in Vietnam since they declared independence.
Vietnam was a French colony dating back to mid 1800s. Vietnam was meant as a farming colony where they would grow things such as tobacco, tea, and coffee. The French treated their colony poorly by denying civil
Briefly, the year 1954 became a turning point that marks many changes on the political front in Vietnam. It ended the French colonial period by the 1954 Geneva Accords, opened a prior-independent era of a Communist North which was separated from a republican South and lasted through the Vietnam War up to April 30, 1975. Then the Communist Party took over the country and claimed to be a unique and “legal party responsible for all the policies and activities of the state.” With the unification of the North and the South, the Socialist Republic of Vietnam was inaugurated on July 2, 1976. It is important to note the two mass exoduses that happened from 1954 and beyond to escape Communism: (1) the migration of 860,000
PEST is an acronym used for companies with in the political, economic, social and technological views. PEST allows companies to view and observe certain areas that might have been overlooked. The company I will be discussing the PEST analysis is Target. Target is a large scale company and is constantly changing in the industry. The political views of Target is that they must have an unbreakable bond with China due to majority of its products coming from that country. They must be aware and stray away from any conflicts because it can create a negative affect in the operation of Target. Also the company is altered by taxation, tariffs, cost, and trade restrictions especially when they're trying to broden outside the United States. The economic
It is essential to know about the source. Dave Reay concludes that “Landfills provide ideal conditions for methanogenesis, with lots of organic material and anaerobic conditions prevalent” (Reay, n.d.). what I understand when I looked for the meaning of methanogenesis and anaerobic in Merriam Webster, so the meaning of methanogenesis it is how to make the methane and anaerobic meaning is to make the muscles strong by forcing them to work for brief time hard. It can come from buried, rotting plants.
Three quarters of Vietnam is made up of mountains and hills, and densely forested highlands, with level land covering no more than 20 percent of the area.(Vietnam) Vietnam is an “S” shaped country stretching over 1,000 miles. It is divided into four geographic regions the highlands and the Red River Delta in the north, the Truong Son Mountains form the Central Highlands running almost the full length of Vietnam along its borders with Laos and Cambodia, the coastal lowlands, and the Mekong River Delta in the south.(Vietnam) The geographical aspects of Vietnam allowed for physical and mental exhaustion, fear of location, and fear of safety in the The Things They Carried .
Here, we get the understanding of macro environment factors effect on VIETNAM through pestle analysis:
Economic reforms are changing Vietnam from an agricultural rich economy to a service industry one.
Vietnam is politically very stable and with one party control i.e. Communist Party, the country continues to achieve higher political stability. “Political” aspect is very important for Vietnam as the country continues to have many State Owned Enterprises (SOE) that play major roles in economy of the country. Therefore, it is important for Vietnam to have a stable government that is able to provide good governance and control over SOEs and other business activities. There are some good decisions taken by current government such as freedom of press. However, the country faces some disputes over certain matters such as Vietnam – China and U.S. – Vietnam tensions are major concerns for government. These tensions make it difficult for government to