Value Chain Analysis Business World s Most Valuable...

If you are searching for a way to gain an edge on your competition, consider one of the business world s most valuable tools: the value chain analysis. Value chain analysis relies on the basic economic principle of advantage — companies are best served by operating in sectors where they have a relative productive advantage compared to their competitors. Simultaneously, companies should ask themselves where they can deliver the best value to their customers. To conduct a value chain analysis, the company begins by identifying each part of its production process and identifying where steps can be eliminated or improvements can be made. These improvements can result in either cost savings or improved productive capacity. The end result is that customers derive the most benefit from the product for the cheapest cost, which improves the company s bottom line in the long run. I work with FITC, Financial InstitutionsTraining Centre. It is owned by the Bankers Committee, which comprises the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, all licensed banks and Discount Houses in Nigeria. FITC is Nigeria s apex human capacity building institution in the Financial SERVICE Sector. It provides solutions to the needs of its numerous clients through Training, Consulting and Research intervention and collaboration with renowned international training outfits to address perceived training gaps in the Public and Private Sectors. FITC Consulting activities include; eShow MoreRelatedGlobalization And The Global Economy1720 Words   |  7 Pagesof production and exchange, value chain analysis provides a valuable methodological tool for explaining these developments. Generally speaking, â€Å"Value† is defined as â€Å"any activity that increases the market form or function of the product or service.† And in today’s business climate, you need to maximize the value of every process in your business. A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the marketRead MoreMcdonalds and Hotels1190 Words   |  5 PagesMcDonald s Hotels Written Case Analysis By Sean Bibbey SWOT Analysis External Environment The external environment of the hotel industry in is very competitive and already well established. Trends in the market include promotional campaigns to customers using the more bang for your buck, method. There are several different segments of the hotel industry including: luxury, upscale, mid-market with food and beverage, mid-market without food and beverage, economy, and budgetRead MorePlanning Techniques1722 Words   |  7 Pages8/26/2011 PLANNING TECHNIQUES 1. 2. 3. 4. 5. 6. SEVEN PLANNING TECHNIQUES A Framework/Methodology 7. Stages of growth Critical Success Factors Competitive Forces Model Value Chain Analysis Internet Value Matrix Linkage Analysis Planning Scenario Planning STAGES OF GROWTH ï‚ ¢ CRITICAL SUCCESS FACTORS 1977 Jack Rockart, Center for Information Systems Research (CISR), Sloan School of Management, MIT ï‚ ¢ A method for defining executive information systems needs ï‚ ¢ Focuses on individualRead MoreCritical Analysis On Management Capabilities Of Jb Hi Fi1385 Words   |  6 Pages(BUS5SSM) Critical Analysis on â€Å"Management capabilities of JB Hi Fi†. Submitted by: MOHIT DAHIYA – 18796092 A company always requires a good management to succeed in the long run. Management is the way toward achieving hierarchical objectives by working with and through individuals and other authoritative assets. It is a procedure or arrangement of proceeding and related exercises. Some think little of the significance of administration in business yet the most recent examinesRead MoreWarehouse Management System ( Wms )1388 Words   |  6 Pages Constant technological development of the nowadays world dictates constant emergence of new trends. One of such trends which the nowadays business world has been familiar with for several decades is the technology called Warehouse Management System (WMS). Warehouse management system has a purpose to automate and refine the management of the inventory in a warehouse, warehouse space, the people who work in the warehouse and the time available to accomplish warehouse tasks (Young 2009). In case ofRead MoreAdidas Internal Analysis2515 Words   |  11 Pageseconomy, companies need to stay competitive in order to survive against new rising competitors, which are basically rooted in the Middle East Asia. Analyzing own strengths and weaknesses and capturing new opportunities or avoiding threats, are one of the most important factors for reaching this goal. This paper is dealing with the German apparel â€Å"Adidas†, which is one of the world’s largest manufacturers for sportswear and sport utilities. But why are they one of the leading global players in this certainRead MoreChevron (Value Chain + Core Competencies)1423 Words   |  6 PagesIntroduction 4 The Value Chain 4 Operations 5 Outbound logistics 5 Technology 6 Core Competencies 6 Conclusion 7 References 9 Introduction Chevron Corporation is multinational energy organization engaged in every facet of the oil, natural gas and thermal energy industries. Its downstream operations include selling products such as fuels, lubricants and petrochemicals to the global market. Chevron’s success is greatly driven by their vision ‘to be the global energy company most admired forRead MoreCrafting and Executing Strategy Study Guide9008 Words   |  37 PagesChapter 1 What Is Strategy and Why Is It Important? CORE CONCEPTS A company s strategy consists of the competitive moves and business approaches that managers are employing to grow the business, attract and please customers, compete successfully, conduct operations, and achieve the targeted levels of organizational performance. A company achieves sustainable competitive advantage when an attractive number of buyers prefer its products or services over the offerings of competitors and whenRead MoreThe Value Of Value Chain1803 Words   |  8 Pages Value chain is identified as a chain of activities where value is continuously added to the product and service from the product design to final product delivery. Basically, there are many works that are included in the producing process no matter whether it is consume good or service. But not all of the producing activities could be seen as valuable to the entire process, which could offset the cost of time, money, and labor. So when companies are doing the business optimization, the basic thingsRead MoreQuestions On Business Systems : Business Essay1888 Words   |  8 PagesINFOSYS.110 BUSINESS SYSTEMS: DELIVERABLE 2: BUSINESS SECTION 2014 Name Gabrielle Wallace NetID 2714875 Group Number: 162 Website Link: http://infosys1102014s2group162.blogspot.co.nz/p/gabrielle-wallace-d2.html Tutorial Details Tutor: Day: Time: Thursday 9am Time Spent on Assignment: 28 hours Word Count: HOW I CAN GET MORE PEOPLE TO DONATE TO CHARITIES? INTRODUCTION How many times have you been frustrated when charities ask you for spare change? Many phone callers or on-street collectors

Health Care Systems the U.S. vs. Canada - 1244 Words

The United States health care system is quite unique when compared to Canada’s health care system and those of other countries. Canada provides universal coverage, is privately run and is publicly funded through taxes. The U.S. is the only industrialized country that does not offer universal health coverage. The U.S. is said to be part of the developed world in terms of technology, well trained health professionals and job opportunities although when it comes to health outcomes it doesn’t do so well. Available studies suggest that the health outcomes in Canada were superior to those compared the U.S. The U.S. faces multiple barriers that have made their health care system inconsistent and so costly. In the past the system focused on†¦show more content†¦The U.S. infant mortality rate is 5.7 per 1000 births and 1.5 in Canada although has declined over the past several decades (ONeill ONeill, 2007). Low-birth weight babies have a better chance at survival in t he U.S. than in Canada due to advances in medical technology and expenditures on intensive care units (ONeill ONeill, 2007). The reason there are more infant mortality rates in the U.S. is because there are more infants born weighing very little than compared to Canada. The effectiveness of a health system varies upon populations and the differences in cultural, socioeconomic and behavioral factors. Canadians live two to three years longer than Americans, but because they live healthier. In the U.S. there is a relatively high incidence of obesity and this leads to poor health outcomes. There is greater success of survival rate in the U.S. due to the availability of innovative technology and better screenings and treatments (ONeill ONeill, 2007). When care is free there are longer waiting times for medical services and needs are not being met on time. Over the years Canada has seen an issue with controlling health expenditures because of the services that are provided and are free of charge due to their universal plan. In the U.S costs are cited as a source of unmet needs (ONeill ONeill, 2007). In the U.S. there lower wait times to see a specialists and get surgery. In the U.S. unmet needs were because of costsShow MoreRelatedHealthcare Between C anada And The United States1240 Words   |  5 Pagesservice and healthcare status between Canada and the United States. Canada and the United States have a totally different healthcare system. Many people argued that the United States healthcare system needs some upgrading, while, some people admire Canada’s healthcare system due to the fact that Canada’s healthcare does more for less. Research has shown that Canada spends less of its’ GDP on it’s healthcare yet performs better than the United States. Canada and the United States have quite a fewRead MoreCanada s A Single Payer1492 Words   |  6 PagesWhen discussing health care systems, Canada’s is often used as a possible model for the US. The two countries systems are very different being that Canada has a single payer, mostly publicly funded system, while the US has a multi-payer, heavily private system. So much of the appeal of the Canadian system is that is does more for less. They provide universal access to health care for its citizens, while almost one in five non-elderly Americans are uninsured. Many of these findings come from theRead MoreCanada Vs. United States Health Care1496 Words   |  6 Pages Canada vs United States Health Care President Obama promised to all Americans that they would finally have an opportunity to obtain or purchase health insurance in the United States for the first time and for those that already had insurance he promised to them that they would be able to keep the insurance they already had and it would not increase because of Obama Care. After the passing of Obama Care the only truth was that Americans could purchase health care but other than that the rest wereRead MoreThe Universal Health Care System1712 Words   |  7 PagesEvery country vision is to have a universal health care system. A system that is not necessary â€Å"free† but a system where everyone has equal opportunity to get the best health care being offered without any partiality. Canada successfully implemented the universal health care to its citizens, but it is not perfect in any sense. Individuals’ citizens are provided with preventive care and medical treatment from primary care physicians as well as access to hospitals. There are still many services thatRead More US vs Canada Healthcare Comparison1637 Words   |  7 PagesU.S vs Canada: Healthcare Comparison After briefly learning about the different types of healthcare systems in other countries in Chapter one, the one that struck my curiosity the most was Canada. Being that they are our neighbors in the north and that their economy was not troubled much by the recent economical downturns around the world, I decided to compare its healthcare system to the one we have in the United States. During my research for this project I am hoping to find a correlation betweenRead MoreComparison and Contrasts of the United States and Canadian Health Care Systems1624 Words   |  7 Pagesthe United States and Canadian Health Care Systems The National healthcare debate is one that has been a continuing arguing point for the last decade. The goal is to provide healthcare to all Americans, regardless of whether they are able to afford insurance or not. In 2009, the U.S. National Health Care Act failed to come to be debated in the house. This Act would have called for the creation of a universal single-payer health care system. Under the policies this ActRead MoreHealth care1232 Words   |  5 Pagesdifferentiate the U.S. health care delivery system from that of other countries is no central governing agency, technology-driven delivery system, high on cost unequal in access average in outcome, delivery of health care under imperfect market conditions, government as subsidiary to the private sector, and market justice vs. social justice. With no central governing agency the system has many different payment, insurance, and delivery mechanisms. The technology-driven delivery system is there is newRead MoreThe United States Vs. Canadian Healthcare System882 Words   |  4 Pages The  United States  vs. Canadian Healthcare System ​There are different models of universal healthcare systems. The first is compulsory insurance which demands that residents should buy insurance; various legislations usually enforce this request.   Another type of universal insurance is the single payer health care system which  is defined  by the government providing funding for the health care services. The United States health care system uses the former while Canadian system utilizes the latterRead MoreThe United States Vs. Canadian Healthcare System875 Words   |  4 PagesThe United States vs. Canadian Healthcare System There are different models of universal healthcare systems. The first is compulsory insurance which demands that residents should buy insurance; various legislations usually enforce this request. Another type of universal insurance is the single payer health care system which is defined by the government providing funding for the health care services. The United States health care system uses the former, while the Canadian system utilizes the latterRead MoreSocialized Healthcare Vs. Private Healthcare982 Words   |  4 PagesSocialized medical systems are designed to disregard the insurance industry and disregard income while providing health care for all. Healthcare in the United States is constantly changing and advancing, which requires the cost of health insurance to rise. The idea of socialized medicine is prominent, until the aspects of socialized medicine are brought to attention. Every aspect of a socialized health care industry is controlled and powered by the government; most doctors, nurses, medics and administrators

Battle of Dunkirk-success or disaster free essay sample

Was the battle of Dunkirk a triumph or success? A question with no simple answer and probably a question we will never know the true answer to. In the 70 plus years since the battle, a variety of medias, for example textbooks, diary logs and newspaper articles have continued to influence peoples different interpretations on whether or not the events at Dunkirk deserve to be remembered as a triumph or in fact a failure for Britain and its people. In the month of May 1940, Hitlers army was winning against France, despite Britain sending over 300,000 troops to help them out. Most of the allied forces had been surrounded and trapped by the fast-advancing German Army onto the beaches around Dunkirk. Despite countless severe casualties the British troops could not retreat as their escape routes were all blocked; they were sitting targets for the Germans. At this point there was a real danger that the entire British Army could be wiped out before the War had really got under way. On 27 May the British government, now led by Churchill, put into action a plan called ‘Operation Dynamo’. The plan was to evacuate all the troops to Britain by ship. On the end of the ninth day a total of 338,226 soldiers had been rescued from the beaches in an assembly of around 800 different boats; yachts, fishing boats and small ships were just a few that were privately owned and sacrificed from the people back at home. â€Å"The escape captured the minds and hearts of the British people at a time when it looked probable that we too would soon be invaded. † Source B1. The people of Britain really were becoming united and proud to Be British; although they were down they were not out. Dunkirk was called a â€Å"miracle† by Winston Churchill and how Britain were still up, back and ready to fight another day many see as a triumph in itself. An example of this is Source B2, a cartoon by British artist David Low, published in the London Newspaper on the 8th of June 1940. The cartoon shows the great range of boats sent by the people back home to rescue the soldiers from the coast, sacrificing their livelihood to do their bit for the war effort. British people gained massive amounts of pride from seeing this and even though their chances were questionable, they were, as the cartoon caption says, ready to ‘fight another day’. This type of cartoon was put in the newspaper to raise morale. The battle of Dunkirk was hugely important as it allowed the allies to keep a considerable military force which later went on to become part of the allies advance during the D-day landings. Opinions on the success of Dunkirk strongly rely on what you believe to be true and what you see as being for the use of propaganda. Despite British casualties amounting to 68,000, a massive 338,336 men, 71 heavy guns and 595 vehicles were rescued, Source B3. Britain’s navy and RAF, which shot down three German planes for every British plane lost, remained intact showing how powerful and effective they both were in helping the British Expeditionary Force. At this point British morale was sky high, mainly due to the image portrayed by the newspapers. On 31st of May the battle of Dunkirk had reached front page of the British Newspaper, The Daily Express. â€Å"TENS OF THOUSANDS SAFELY HOME ALREADY†,† Many more coming by day and night†, â€Å"unbeatable†. The propaganda used immediately in the headline shows it was a miracle to get the British and their allies evacuated off the beaches, heavily under-attack by the German. Mentioning all the kind of ships that took part in the evacuation highlights that Churchill’s statement about the involvement of the civilians had had an impact. Source B5. In every battle there will always be actions to criticize and in the battle of Dunkirk’s case there was understandably a fair few. Yet Anthony Eden, a senior army officer and later British Prime Minister wrote in his book of World War II memoirs about his surprise when visiting camps of returned BEF troops, Source B6. He expects the soldiers to be depressed and feeling defeated as there â€Å"was enough to criticize. † â€Å"Our infantry had no armour to support them; even its equipment had revealed some woeful shortages. But the mood of the officers and men showed none of this. † This raises the question of whether things would have been different had the BEF measured the Germans in weaponry. Even the brigades that had suffered the heaviest casualties were as confident as the more fortunate comrades. But as said in the June 4th speech by Winston Churchill, â€Å"Wars are not won by evacuations, but there was a victory inside this deliverance for which we must rejoice. † Many people since Dunkirk have taken the view that it should be remembered as a success. An example of people with this mindset is Ben Walsh, a history teacher and author who wrote a GCSE history textbook called Essential Modern War History in 2003, writing about the importance of Dunkirk. However his ideas were contradicted by Josh Brooman the author of the history GCSE textbook `Global War’, who said the Germans either killed, wounded or took prisoner of 70,000 people leaving the survivors with no choice but to escape anyway they could , consequently abandoning 2,500 big guns, 90,000 rifles and 64,000 vehicles. (Source B9). Ben Walsh labelled Winston Churchill as a powerful leader who could unite the country behind him. But surprisingly, Josh Brooman’s source B9 stated Winston Churchill the prime minister of Britain at the time referred to the evacuation of Dunkirk as â€Å"the greatest military defeat in centuries† in private. To many people, this admission said a lot for the reality of British success. A different cartoon, from an Italian, titled The triumphant English retreat’’ was published just after the Dunkirk evacuation. (Source B11). The image showed a Lion with a British flag retreating from a soldier, presumably German. As Lions are known to be strong, fearless animals that don’t flee when in danger it was shocking to see the Lion running away from a lone-standing soldier. This shone light on the fact that the English have lost all their power against the opposition and retreated, giving reason to believe that Dunkirk was indeed a disaster, contradicting David Low who stated they were back victoriously. In contrary to the newspaper propaganda about the evacuation taking place in Dunkirk was an interview for a BBC project to capture memories of key events during the war, by Ivan Daunt, a soldier evacuated from Dunkirk. 2004, Source B1 5. It tells the story of the traumatic experiences soldiers faced in short, yet powerful words. The British Army was caught by surprise and very unprepared. In such a short time they were close to having no ammunition at all as it was nothing compared to how well equipped the Germans were. There were even soldiers that hadn’t been properly trained before being sent to war, emphasizing just how unprepared they were. They were amateurs. Ivan Daunt, a war veteran himself even stated, â€Å"They were prepared for war and we weren’t. † Although this is not fact, how the soldiers were suffering with food shortages and paralyzed with fear, source B15 shows the sincere truth of how the British felt about their own army. A known positive attribute of the British Army was positive they were and how much the soldiers were prepared to do for their country. Source B13 shows how badly this wasn’t reciprocated. Even though the naval officers helped hugely in evacuating people including the injured, the bodies of dead soldiers were left to rot on the beaches. The French photograph was taken in early June 1940. The dead soldiers, who sacrificed their lives for the safety of their country and other soldiers, were seen as no good to the nation were treated as unneeded clutter and denied the chance to be taken back to their families. By doing this, it proves to younger boys who intend on joining the army that they will be treated with no respect after losing their life fighting for the nation. In addition to the body remains, the picture also shows the war tanks that had been abandoned, wasting the limited sources they had. This has proved Dunkirk’s evacuation has reason to be remembered as a disaster. The advancing German Army trapped the British and French armies on the beaches around Dunkirk. This has been proven by source B10 written by John Harris, a historian writing about Dunkirk in a book about great military battles `The Storms of War’ written in 1988. The source states clearly that 5000 men were ordered to be evacuated, yet on return with a swollen amount of 20000, there was still a queue of a thousand waiting to be evacuated. Some of the men that were trying to climb to safety on the boats made it more traumatic as they were numb with shock and were suffering from hunger and insomnia. Many fell to their deaths upon trying to get on the boat and dozens of horses were abandoned on the sands in addition to the thousands of weapons. The battle of Dunkirk can be seen as both a triumph and a failure; it will never be possible to say the answer is just one or the other. It can be seen as a triumph by the fact the British and French survived, which is a triumph in itself, as by seeing the predicament they were facing, it was likely they were going to lose. They were able to turn the tables and save hundreds of thousands of men. On the other hand, nearly half of those were French so the question of British triumph alone isn’t as remarkable. But still, day after day Britain lived to fight again and although a war is not won by evacuation, it still is a very important point. By my own knowledge I come to the conclusion that the Battle of Dunkirk should be remembered as a triumph for Britain and its people. It was a military disaster no doubt but at the end of it all on the 4th of June 1940 the British people were left standing proud. Although this was most likely down to the use of propaganda, in my eyes a country that has been through torturous weeks at a battle that looked certain to defeat them and can come out the other side, united and full of people proud of their country, is the true winner.

The Boradview Anthology of Darama Twentieth Century Essay Example For Students

The Boradview Anthology of Darama: Twentieth Century Essay Many of the scenes within act 1 are very important as they concern character development, the value of theatre and other key aspects of the play. In scene 3, men are out shooting birds. Phillips nature is explored and an audience would begin to understand how he differs from the other officers and soldiers in charge of the colony. Was it really necessary to cross fifteen thousand miles of ocean to erect another Tyburn? We will write a custom essay on The Boradview Anthology of Darama: Twentieth Century specifically for you for only $16.38 $13.9/page Order now As Phillips opening line the audience would see from the outset that Phillip is looking for a fresh start, and that it is pointless for the guilty men to travel so far just to be slaughtered. In contrast Tench doesnt seem to care about the convicts at all. I think it would make them feel at home. This is a ridiculous statement that suggests that Tench has no interest in the subject. Another key issue that is dealt with in this scene is the debate about whether people have the potential to be reformed, or not. Tench appears not to have any faith in the potential of the convicts The convicts never left their old ways, Governor, nor do they intend to. Phillip however is looking for a fresh start on this new land. He seems to believe that with help, the convicts can reform. This introduces the idea of a play for the convicts to perform; oddly enough the idea seems to have sprouted from Tenchs sarcastic suggestion that an opera house could be built for the convicts. Tench is of the opinion that hanging is the convicts form of theatre and that it would be unfair to deprive them of the entertainment. Its their theatre, Governor, you cannot change that. The audience is able to see how open minded Phillip is as he would rather they saw real plays: fine language, sentiment. Collins is another character that the audience is introduced to in this scene. He is a man who follows English law and believes that that is the only option. This land is under English law. The court found them guilty and sentenced them accordingly. This is a more reasonable stance than that of Tench who seems to revel in his superior position. Collins on the other hand is aware of how useful hanging people is, as it serves as an example to other men. He doesnt agree with Phillips suggestion of flogging, as the death is slow, unobserved and cannot serve as a sharp example. Collins appreciates how Phillip wishes to oppose the baneful influence of vice with the harmonizing arts of civilization. But feels that his attempts are futile and will collapse without the mortar of fear. Collins appears to have more faith in laws than in humanity. Part of a 21st century audience might be surprised by the severity of the punishments for crimes, at that time, but what must be remembered is that Wertenbaker has used historical  facts as guidelines. One of the main themes of the play is the merit of theatre, scene 6 therefore is crucial to the plot. Each of the characters opinions about the Recruiting Officer are clearly explained, an audience is able to see how the decision to show the play has been formed. The question of whether man can be reformed or not continues to be explored. Phillip re-affirms his opinion Surely they can also be reformed Tench continues to see the play as a waste of time he still has no faith in the potential of the convicts, who in his eyes all have a habit of vice and crime This lack of change in Tenchs view is ironic as his negative feelings towards the convicts are his own vice and crime as they prevent him from seeing the possibilities of rehabilitation. .u687b495ba855f9d64545fbb0d52710e0 , .u687b495ba855f9d64545fbb0d52710e0 .postImageUrl , .u687b495ba855f9d64545fbb0d52710e0 .centered-text-area { min-height: 80px; position: relative; } .u687b495ba855f9d64545fbb0d52710e0 , .u687b495ba855f9d64545fbb0d52710e0:hover , .u687b495ba855f9d64545fbb0d52710e0:visited , .u687b495ba855f9d64545fbb0d52710e0:active { border:0!important; } .u687b495ba855f9d64545fbb0d52710e0 .clearfix:after { content: ""; display: table; clear: both; } .u687b495ba855f9d64545fbb0d52710e0 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u687b495ba855f9d64545fbb0d52710e0:active , .u687b495ba855f9d64545fbb0d52710e0:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u687b495ba855f9d64545fbb0d52710e0 .centered-text-area { width: 100%; position: relative ; } .u687b495ba855f9d64545fbb0d52710e0 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u687b495ba855f9d64545fbb0d52710e0 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u687b495ba855f9d64545fbb0d52710e0 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u687b495ba855f9d64545fbb0d52710e0:hover .ctaButton { background-color: #34495E!important; } .u687b495ba855f9d64545fbb0d52710e0 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u687b495ba855f9d64545fbb0d52710e0 .u687b495ba855f9d64545fbb0d52710e0-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u687b495ba855f9d64545fbb0d52710e0:after { content: ""; display: block; clear: both; } READ: Act 1 Scene 1, Act 1 Scene 5, and Act 2 Scene 5 in Shakespeare's Twelfth Night EssayRalph is able to see positive change in some of the convicts behaviour they seemed to acquire a dignity they seemed to lose some of their corruption This is crucial à ¢Ã¢â€š ¬Ã¢â‚¬Å" it marks how right Phillip was in his initial suggestion that reform was possible through the play. An audience would see how even in the worst of situations, with people of the most unfortunate backgrounds, with a little encouragement and opportunity rehabilitation is possible. The farcical democracy sustained by Collins ensures that the play is allowed to continue. Each character is permitted a vote but only the positive opinions are considered for any length time. Ross I I à ¢Ã¢â€š ¬Ã¢â‚¬Å" Collins We have taken your disagreement into account. Collins is portrayed as the voice of reason and acts as the judge of whether or not the play should go on. He decides that it should, if only as an interesting experiment Phillip remains certain that the play will be a success. The last word will be in the play, gentlemen. This is crucial as his dignity and pride now lie in the hands of the convicts. The two scenes that I chose for their crucial nature and pivotal content are rich separately but also are interesting when looked at together to see the passing of time and development of characters.

Investment in Vietnam Essay Example

Investment in Vietnam Essay GUIDEBOOK ON BUSINESS AND INVESTMENT IN VIETNAM BERLIN, 2011 FOREWORD Over the past two decades, Viet Nam’s economy has bee n developing rapidly owing to its â€Å"Doi moi† (Renovation) policy and activeness to integrate itself into the global economy. W ith its enormous efforts and determination, and effective cooperation with international partners and friends worldwide, Viet Nam is taking firm steps towards industrialization and modernization. With a stable political environment and great economic potentials, Viet Nam is an attractive destination for doing business and investment. The Government of Viet Nam has been ceaselessly endeavoring to improve the investment climate with the aim at creating an increasingly business-friendly environment in Viet Nam. Germany is the biggest economic partner of Viet Nam in Europe. The economic cooperation between the two countries has been fruitfully burgeoning. In an effort to further strengthen the economic cooperation between Viet Nam and Germany, t he Embassy of the Socialist Republic of Viet Nam in coordination with the relevant ministries of Viet Nam to publish the Guidebook on Business and Investment of Viet Nam, which is expected to provide German businesses with an overview of the Viet Nam’s economy and its business and investment climate. We are confident that German businesses can find helpful information and guidelines on investment and doing business in Viet Nam from the Guidebook, and thereby have a deeper understanding of the Viet Nam’s economy, a dynamically emerging and reliable destination for international investment flows. We deeply thank the Ministry of Foreign Affairs and the Ministry of Planning and Investment of Viet Nam for their kind support and assistance. We would like to express our sincere thanks to Dr. We will write a custom essay sample on Investment in Vietnam specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Investment in Vietnam specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Investment in Vietnam specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Andreas Stoffers, Board Member of German Business Association Vietnam and Member Executive Committee Euroean Chamber of Commerce Vietman for reviewing this book. W e also heartedly thank Marktforschung und Kommunikation GmbH for her great cooperation and excellent coordination in publishing the Guidebook. Dr. Do Hoa Binh Extraordinary and Plenipotentiary Ambassador of the S. R. Viet Nam to the Federal Republic of Germany 2 ABBREVIATION ASEAN BCC BOM BOT BT BTO CEPT CIT CPC DOLISA DPI EIAR EL EPC EPZ EU EZ FIC FOB GDP HTZ IL IZ JVC LTT LUR LURC MFN MOIT MOLISA MONRE MOST MPI NOIP ODA PCT PIT PPP RO SBV TTC USD VAT VCAD VND W TO Association of Southeast Asian Nations Business co-operation contract Board of Management of IZs, EPZs, HTZs and EZs Build-operate-transfer (including its derivative forms, BTO and BT) Build-transfer Build-transfer-operate Common Effective Preferential Tariff Scheme Corporate income tax Civil Proceedings Code Provincial Department of Labour, War Invalids and Social Affairs Provincial Department of Planning and Investment Environmental impact assessment report Enterprise Law Environment protection commitment Export processing zone European Union Economic zone Foreign-invested company Free on board Gross Domestic Product High-tech zone Investment Law Industrial zone Joint venture company Law on Technology Transfer Land use rights Certificate of land use rights Most Favoured Nation Ministry of Industry and Trade Ministry of Labour, War Invalids and Social Affairs Ministry of Natural Resources and Environment Ministry of Science and Technology Ministry of Planning and Investment National Office of Intellectual Property Official development assistance Patent Cooperation Treaty Personal income tax Public Private Partnership Representative Office State Bank of Vietnam Technology transfer contract United States of America dollar Value-added tax Vietnam Competition Administration Department Vietnamese Dong W orld Trade Organisation 3 TABLE OF CONTENTS FOREWORD . 2 VIETNAM AT A GLANCE .. 5 I: KEY FACTS .. 5 II: POLITICAL SYSTEM III: ECONOMY . 6 IV: INFRASTRUCTURE .. 13 V: VIETNAM- GERMANY ECONOMIC RELATIONSHIP.. 21 LEGAL GUIDE FOR INVESTING AND DOING BUSINESS IN VIETNAM .. 24 I: INVESTMENT REGULATIONS . 24 II: TRADE REGULATIONS 30 III: TAXATION 35 IV: CUSTOMS REGULATIONS 42 V: LAND LAW .. 44 VI: FOREIGN EXCHANGE AND LOANS .. 9 VII: EMPLOYMENT .. 52 VIII: COMPETITION LAW 58 IX: ENVIRONMENT 62 X: INTELLECTUAL PROPERTY .. 64 XI: TECHNOLOGY TRANSFER 1 XII: DISPUTE RESOLUTION .. 73 BUSINESS TRAVEL GUIDE TO VIETNAM . 77 APPENDICES APPENDIX 1: LIST OF SECTORS ENTITLED TO INVESTMENT INCENTIVES .. 80 APPENDIX 2: LIST OF GEOGRAPHICAL REGIONS OF INVESTMENT INCENTIVES . 84 APPENDIX 3: USEFUL CONTACTS AND ADDRESSES IN VIETNAM .. 87 4 VIETNAM AT A GLANCE I: KEY FACTS ? Official name: The Socialist Republic of Vietnam. Capital: Hanoi. ? Largest city: Ho Chi Minh City. ? Administrative subdivisions: 58 provinces and 5 municipalities (Hanoi, Hai Phong, Da Nang, Ho Chi Minh and Can Tho). ? Official language: Vietnamese. ? Location: In the center of Southeast Asia, neighboring on China to the north, Laos and Cambodia to the west, and the East Sea and Pacific Ocean to the East and South. ? Area: 331,690 km2. ? Coast line: 3,260 km. ? Climate: tropical in south; monsoonal in north with hot, rainy season (mid May to mid-September) and warm, dry season (mid-October to mid-March). Population (2010): 86. 9 million, by area (urban: 30% and rural: 70%) and by age (less than 15 years old: 24. 7%, 15 -64 years old: 68. 5% and more than 65 years old: 6. 8%). ? Population density: 262 people/km2. ? Literacy: 93. 7%. ? Natural resource: Energy resources (oil, gas, coal, hydropower and wind power); minerals (bauxite, iron ore, lead, gold, precious stones, tin, chromate, anthracite, construction materials, granite, marble, clay, white sand and graphite); sea and tropical forestry resources and agricultural potential. ? Currency: Vietnamese Dong (VND). ? Exchange rate (April 2011): 1 USD = 20,725 VND. ? GDP (2010): 104. 7 billion USD. ? GDP per capita (2010): 1,204 USD. ? GDP real growth rate (2010): 6. 78%. ? GDP by sector (2010): Agriculture (20. 6%), Industry (41. 1%) and Service (38. 3%). ? Exports: Crude oil, garments, shoes, marine products, electronic products and components, funitures, rice, coffee, rubber, tea, pepper. ? Major export markets: USA, Japan, China, Australia, Singapore, Germany, South Korea, Malaysia, the Philippines, Netherland. ? Imports: Machinery equipment, petroleum products, pharmaceuticals, fertilizer, steel products, metal, textile, garment and shoe inputs, vehicles. 5 ? II: Major import markets: China, Japan, South Korea, Taiwan, Singapore, Thailand, USA, Malaysia, India, Germany. POLITICAL SYSTEM The current Constitution was adopted in 1992 and amended in 2001. It clearly indicates that the State is â€Å"of the people, by the people and for the people†. The people access the State power through the National Assembly and Peoples Councils, which are composed of elected representatives who represent the peoples will and aspirations. The Constitution endows all citizens, men and women alike, with equal rights in all political, economic, cultural and social spheres as well as in family affairs, the right to and freedom of belief and religion and the right to choose and practice a religion, the right to and freedom of movement and residence in Vietnam, and the right to go abroad and return home as stipulated by laws. The National Assembly is the highest representative body of the people, endowed with the highest State power of the Socialist Republic of Vietnam. It governs constitutional and legislative rights, decides fundamental domestic and foreign policies, socioeconomic tasks, and national defence and security issues, etc. It exercises the right to supreme supervision of all activities of the State. The State President is the Head of State, elected by the National Assembly from among its deputies to represent the Socialist Republic of Vietnam in domestic and foreign affairs. The term of office of the President is the same as that of the Chairman of the National Assembly. The Government is the executive body of the Socialist Republic of Vietnam. It has the same term of office as the National Assembly and administers the implementation of State affairs in the fields of politics, economics, culture, society, national defence and security and foreign relations. The government is headed by the Prime Minister and comprises Deputy Prime Ministers, Ministers and other government members. The Supreme Peoples Court is the judicial body of the Socialist Republic of Vietnam. It supervises and directs the judicial work of local Peoples Courts, Military Tribunals, Special Tribunals and other tribunals, unless otherwise prescribed by the National Assembly at the establishment of such Tribunals. The Supreme Peoples Procuracy oversees the enforcement of the law and exercises the right to prosecution, and ensures serious and uniform implementation of the law. III: ECONOMY Since the Doi moi (reforms) were introduced in the mid-1980s, Vietnamese economy has changed rapidly. Replacing the old centrally-planned economy, Vietnam has shifted to a new economic structure namely a socialist-oriented market economy, and has gained significant success. Today the aim of Vietnam is to become a basically industrialized country by 2020. 6 Overall achievements Vietnam embarked on Doi moi in 1986 and the country has seen many dramatic changes since. Over the last decade it has recorded an average GDP growth rate of 7. 3 percent per annum, ranking it second in the region after China. Its economy suffered from the 2008-09 economic crisis but recovered rapidly, with GDP growth rate of 6. 78 percent in 2010. ADB forecasts that the economy of Vietnam will increase by 6. 1 and 6. 7 percent in 2011 and 2012 respectively. Vietnam already became a lower middle income country with its GDP per capita of 1,204 USD in 2010. To a large extent, Vietnam has successfully transformed from a centrally-planned economy with heavy bureaucracy and subsidies to a socialist -oriented market economy characterized by strong dynamism and rapidly growing entrepreneurship. The countrys economy has integrated deeply into the global and regional economies, bringing about a sharp rise in trade volumes as well as an influx of foreign investment. The economy is well on the way to being a multi-sector model operating according to market mechanisms. The private sector has enjoyed very favourable conditions created by the Enterprise Law of 2000, which institutionalizes the freedom of all individuals to conduct business in areas not prohibited by law and removes a large number of administrative obstacles that hampered enterprises. With a view to raising the efficiency of the state -owned sector, the government has adopted assertive policy measures to reorganize the sector through equitization. As a result, more than 3,970 state-owned enterprises were equitized by the end of 2010. GDP of Vietnam, 2000-2010 120 9. 0 8. 0 7. 0 80 6. 0 5. 0 60 4. 0 40 3. 0 2. 0 20 1. 0 0 0. 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Year GDP GDP growth rate Source: General Statistics Office 7 GDP growth rate (%) GDP (billion USD) 100 Progress in particular sectors As Vietnams GDP continuously increases the countrys economic structure has also seen notable changes. From 1990 to 2010 the share of the agriculture sector reduced from 38. 7 percent to 20. percent, while that of industry and construction increased from 22. 7 percent in 1990 to 41. 1 percent in 2010. The service sector remained relatively constant: 38. 6 percent in 1990 and 38. 3 percent in 2010. Agriculture still plays a critical role in Vietnams socio-economic life since it generates about 57 percent of total employment and makes important contribution to the expansion of the countrys foreign trade. Vietnam are among the leading countries in terms of agricultural exports such as rice, coffee, cashew nuts and aqua-products, etc. Industry continues to grow rapidly in terms of gross output, at an average rate of 10-15 percent per annum. Besides state enterprises, foreign-invested and the private enterprises play an increasingly important role in industrial development and exports. Services are growing at an average rate of 7-8 percent. In 2010 the value added of service sector grew 7. 52 percent with good performances being recorded in the trade, finance, and hotels and restaurant sub-sectors as consumption and tourism remained buoyant. Industry and services continue to increase their sha re in the economy. This reflects market oriented reforms, a gradual reduction in barriers to competition and to private sector development, and improvements in physical infrastructure. Greater diversification in industrial production and services lays the foundation for further sustained growth in output and employment. VA growth rate by sector of Vietnam, 2000-2010 12. 0 10. 0 Percent 8. 0 6. 0 4. 0 2. 0 0. 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Year Agriculture Industry Source: General Statistics Office 8 Service International economic integration Vietnam has made major steps forward in its commitments to regional and international economic integration. Following the introduction of Doi moi it signed an economic and trade cooperation agreement with the EU in 1995, joined ASEAN in 1995, adhered to CEPT/AFTA in 1996 and became an APEC member in 1998. The Bilateral Trade Agreement (BTA) with the United States was signed in 2000, which resulted in a dramatic increase in the trade volume between the two countries. Vietnam became the 150th member of the World Trade Organization on January 11, 2007. Vietnams commitments in the WTO increase market access for exports of goods and services of WTOs members and establish greater transparency in regulatory trade practices as well as a more level playing field between Vietnamese and foreign companies. Vietnam undertook commitments on goods (tariffs, quotas and ceilings on agricultural subsidies) and services (provisions of access to foreign service providers and related conditions), and to implement agreements on intellectual property (TRIPS), investment measures (TRIMS), customs valuation, technical barriers to trade, sanitary nd phytosanitary measures, import licensing provisions, anti-dumping and countervailing measures, and rules of origin. At present, Viet Nam has established diplomatic relations with 172 countries and signed 55 bilateral investment agreements and 58 double taxation agreements with countries and territories including Germany. It has economic and trading relations with about 165 countries and territories. Vietnam h olds membership in 63 international organizations and over 650 non-governmental organizations. The policy of â€Å"multi-lateralization and diversification† in international relations has helped Vietnam to integrate more deeply into the global and regional economies and increase trade and investment ties with nations all over the world. More importantly, Vietnam has improved its enable business friendly environment over time. World Bank recognized that Vietnam is one of the 10 most-improved economies in ease of doing business in 2010. Currently, its ranking is 78 and even higher than other Asia countries such as Indonesia, Philippines, China, India. Vietnam’s rankings according to various indices Index 2011-2010 rank 2010-2009 rank World Bank’s Ease of doing business 78/183 88/183 World Economic Forums Global competitiveness index 59/139 75/133 12/top 20 12/top 25 (*) ATKEARNEY FDI confidence index Note (*) data for 2007 9 International trade Total export volume of Vietnam increased by 18 percent per year on average in the last decade and its import volume also did so by 19. 2 percent per year. In 2010 its total trade volume reached $155. 6 billion ($71. 6 billion of export and $84 billion of import), equal to 149 percent of its GDP. Both the composition and quality of exports have improved significantly. The proportion of industrial products has risen considerably. The five biggest export items include oil, textiles, footwear, seafood and wood products. Vietnam is in the early stage of the industrialisation and modernisation process and receives a large inflow of FDI therefore it relies largely on the imp orted equipment and materials. Trade relations with foreign countries, especially other countries in the region, have expanded over time. The biggest trading partners of Viet Nam include China, America, ASEAN, EU, Japan and South Korea. International trade of Vietnam, 2000-2010 160 70 140 60 120 50 100 40 80 30 60 20 40 10 20 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Year Export Import Trade in goods as % GDP Source: General Statistics Office 10 Trade in goods as % GDP (percent) 180 80 Trade (billion US$) 90 Top 10 export and import items of Vietnam, 2010 Garment Machinery equipment Footwear Steel products Seafood Petroleum products Crude oil Fabric Electronic products Electronic products Furniture Vehicles Rice Platics Machinery equipment Garment and shoe inputs Precious stone metals Metals Rubber Animal feed 0. 0 5. 0 10. 0 15. 0 0. 0 5. 0 10. 0 15. 0 Import volume (billion USD) Export volume (billion USD) Export item Import item Source: General Statistics Office Foreign direct investment Since the introduction of the Law on Foreign Investment in 1987, by the end of 2010, 12,236 foreign investment projects were licensed with total registered capital of $193. 4 billion and total disbursed capital of over $61 billion. The investors from 92 countries and territories have committed investments in Viet Nam. Most of them are from Asia, Europe and America. Taiwan, Republic of Korea, Singapore, Japan and Malaysia and are the top five countries and territories investing in Vietnam. The next five countries and territories are British Virgin Islands, America, Hongkong, Cayman Islands and Thailand. These â€Å"top ten† countries and territories account for over three quarters of the total licensed projects and foreign registered capital in Viet Nam. Since 1996 there has been a tendency towards investment in producing goods for export, infrastructure construction, producing import substitutes and in labour intensive industries. There are more than 8,327 projects in the manufacturing and processing, real estate and construction industries with a total capital of about US$153,5 billion, accounting for nearly 80% of the registered capital. While there are foreign invested projects in all provinces and cities in Viet Nam, most investment has been in the key economic areas in the South including Ho Chi Minh City, Dong Nai, Binh Duong, Ba Ria, Vung Tau, and in the North including Hanoi, Hai Duong, Hai Phong and Quang Ninh. The foreign invested sector has increased rapidly, gradually asserting itself as a dynamic component of the economy, and has made an important contribution to enhancing the competitiveness and efficiency of the economy. In 20 10, the foreign invested sector has accounted for 21. 5% of the countrys total investment, contributed 18. percent to GDP, 54. 2 percent to export volume (crude oil included), 44. 4 percent to industrial gross output and employed 1. 6 million persons. 11 FDI Inflow of Vietnam, 2000-2010 Project number Registered capital Service, 10. 7% Telecom. transportation 4. 1% Service, 19. 2% Processing manufacturing 48. 7% Agriculture, 1. 6% Processing manufacturing 59. 8% Agriculture 3. 9 % Telecom. transportation 7. 7% Real estate construction 30. 8% Power, water, gas, 2. 5% Mining, 1. 5% Real estate construction 8. 4% Power, water, gas, 0. 5% Mining, 0. 6% Source: Ministry of Planning and Investment FDI of Vietnam by sector, 2010 600 60 1400 1200 50 1000 40 800 30 600 20 400 10 200 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Year Disbursement Total investment Note: Accumulated inflow of FDI by the end of 2010 Source: Ministry of Planning and Investment 12 No. of project 1800 70 FDI inflow (billion US$) 80 Top 10 destinations and investors of Vietnam, 2010 Top 10 FDI receiving provinces Top 10 investing countries and territories Ho Chi Minh City Chinese Taipei Ba Ria Vung Tau Korea Republic Ha Noi Singapore Dong Nai Japan Binh Duong Malaysia Ha Tinh British Virgin Islands Phu Yen America Thanh Hoa Hong Kong Hai Phong Cayman Islands Quang Nam Thailand 0. 0 10. 0 20. 0 30. 0 Total registered investment (billion USD) 0. 0 5. 0 10. 0 15. 0 20. 0 25. 0 Total registered investment (billion USD) Note: Accumulated inflow of FDI by the end of 2010 Source: Ministry of Planning and Investment IV: INFRASTRUCTURE ? Road network: ? 171,392 km country-wide. 2 North-South pivot routes: (i) the 1A National Highway of 2,260km in length from Lang Son to Ca Mau and (ii) the Ho Chi Minh Highway of 3,167km in length from Cao Bang to Ca Mau. Railway network: ? Total length of 2,632 km. 278 stations country-wide. Hanoi – Ho Chi Minh City line: 1,726 km (it takes 29. hours for express train). Linked to China railways in two directions, one from Lao Cai province to Yunnan province and one from Lang Son province to Kwangsi province of China. Planned to construct the railway lines connecting with Laos and Cambodia. Inland waterway: More than 2,300 rivers and canals with total length of 198,000 km. Inland waterway system of 35 ,386 km. 13 ? Sea ports: ? Vietnam has 3,260km coastline, a strategic position close to international shipping routes and favored natural conditions of foundation, sea depth, current, tidal, sedimentation and channels for developing seaport business. 7 national level sea ports, 23 provincial level sea ports and 9 offshore oil and gas sea ports. Current major important ports include Cai Lan and Hai Phong in the North, Da Nang and Quy Nhon in the Centre and Sai Gon and Cai Mep in the South. Airports: ? 8 international airports: Cam Ranh (Nha Trang), Cat Bi (Hai Phong), Da Nang (Da Nang), Lien Khuong (Lam Dong), Noi Bai (Ha Noi), Phu Bai (Hue), Tra Noc (Can Tho), Tan Son Nhat (Ho Chi Minh City). In 2010, Tan Son Nhat Airport received 15. 5 million passergers and Noi Bai airport did 9. 5 million passengers. 14 domestic airports: Buon Ma Thuot (Dac Lac), Ca Mau (Ca Mau), Chu Lai (Quang Nam), Co Ong (Ba Ria Vung Tau), Dien Bien Phu (Dien Bien Phu), Dong Tac (Phu Yen), Dong Hoi (Quang Binh), Gia Lam (Ha Noi), Na San (Son La), Pleiku (Gia Lai), Phu Cat (Binh Dinh), Phu Quoc (Kien Giang), Rach Gia (Kien Giang), Vinh (Nghe An). Business development zones: ? 3 high-tech zones (Hoa Lac, Da Nang and Ho Chi Minh City) with total area of 3,509 ha of land. ? 260 industrial zones and export processing zones with total area of 71,394 ha of land. 15 economic zones located along sea coast with total area of 638,633 ha of land. Energy: Electricity output reached 92. 7 billion kWh. Crude oil and gas exploited 23 million ton. Coal exploited 44 million ton. Telecommunication: 26. 8 million Internet users. 153. 7 million mobile subscriptions. 16. 4 million fixed phone subscriptions. 14 15 Vietnam rail network 16 National seaports of Vietnam No. Seaport Province Current capacity of ship (DWT) 1 Cam Pha Quang Ninh 50,000 2 Hon Gai Quang Ninh 40,000 3 Hai Phong Hai Phong 20,000 4 Nghi Son Thanh Hoa 20,000 5 Cua Lo Nghe An 10,000 6 Vung Ang Ha Tinh 30,000 7 Chan May Thua Thien Hue 30,000 8 Da Nang Da Nang 30,000 9 Dung Quat Quang Ngai 0,000 10 Quy Nhon Binh Dinh 30,000 11 Van Phong Khanh Hoa 50,000 12 Nha Trang Khanh Hoa 20,000 13 Ba Ngoi Khanh Hoa 30,000 14 Ho Chi Minh City Ho Chi Minh City 30,000 15 Vung Tau Ba Ria Vung Tau 50,000 16 Dong Nai Dong Nai 20,000 17 Can Tho Can Tho 10,000 Source: Decision 2190/QD-TTg dated 24/12/2009 17 Number and size of IPs and EPZs in Vietnam 300 71,394 70,000 60,000 40,000 150 26,971 260 100 183 11,830 50 50,000 43,687 200 300 1 2,370 12 30,000 20,000 130 10,000 65 0 1991 1995 2000 2005 2007 Year Number of IPs Size (ha) Source: Ministry of Planning and Investment 18 2010 Size of IPs (ha) Number of IPs 250 Economic zones of Vietnam 19 SWOT Analysis of Vietnam Strengths Weaknesses ? One of fastest growing economies ? Few skilled professionals in Asia with average GDP growth of available; 7. 2% per year over the last decade; ? High bureaucratic barriers; ? Stable political and social security; ? Weak infrastructure (power, ? Abundance of human resources transportation); (labour force of 46. 2 million people; ? Underdeveloped supporting young, motivated and educated industries. workforce; 60% of population under 35 years old); ? Competitive business and production costs (cost labor, industrial land rent, energy cost, elephone cost, marine transportation, taxation); ? Available mineral and natural resources (coal, oil gas, iron ore, bauxite, rare earth,.. ); ? Central location in South East Asia, long distance coast. Opportunities Threats ? Global integration (ASEAN, APEC, WTO membership); one of the world’s most open economies; ? High inflation; ? High trade deficit; ? Devaluation of VND; ? Higher demand for consumer goods and capital goods with better ? Banking and finance sector in infant stage; quality because of being a lower middle income country, aiming at ? Low national reserves. an industrialized country and ncreasing urban population; ? Export oriented and labour intensive industries; ? Infrastruture (road, railway, seaport, airport, power) projects funded by international donors or foreign investors. 20 V: VIETNAM- GERMANY ECONOMIC RELATIONSHIP Trade Germany is the biggest trade partner of Vietnam in Europe. In 2010, despite the global economic downturn, bilateral trade reached nearly USD 6 billion, a substantial increase over the previous year. Total export value of Vietnam to Germany reached nearly USD 4 billion, accounting for 19% of total Vietnam’s export to the EU while its import value from German amounted to USD 2 billion. Vietnam’s main export items to Germany are garments, footwear, coffees, furnitures, see foods, leather and leather apparel, office machinery, iron, metal products, articles of plastics, ceramic products, crude rubber. Germany is the second-largest market worldwide for robusta coffee and black pepper of Vietnam. Main import items from Germany to Vietnam include: machines (in mining, construction and civil engineering, textile, food and beverage,†¦), aircraft, units for electricity generation nd distribution, passenger cars, chemical products, pharmaceutical products, measurement, control and regulation technology products, industrial plants, plastics, lifting and handling equipment, medical equipment and orthopedic appliances, engines, iron, metal products, elec tronic components†¦ After WTO accession, Vietnam is becoming an emerging and lucrative market in Asia. As Vietnam is accelerating its industrialization process to become an â€Å"industrialized country† by 2020, the trend towards sophisticated production facilities is evident and it is likely to result in increased demand for hi -tech machinery made in Germany. Investment There have been over 230 German companies operating and investing in Vietnam, including many Germany’s leading groups such as Siemens, Deutsche Bank, Mercedes, Metro, Bosch etc. By the end of April 2011, German companies have invested in 163 projects with registered capital of USD 825 million in Vietnam. Three fourths of total investment projects and two thirds of investment capital of Germany mainly concentrate in manufacturing, processing, technique services, information and communication technology, banking and finance services. Although German investment projects have been located in 26 locatio ns in Vietnam, most of them have been implemented in Ho Chi Minh City, Hanoi, Binh Duong and Dong Nai. In the upcoming time, the active implementation of mega infrastructure development and energy projects partially funded by German ODA such as the metro line No. 2 Ben Thanh An Suong in Ho Chi Minh City (with length of 11 km and total investment capital of USD 1. 25 billion), O Mon IV thermo power, Phu Lac wind power, Vietnamese Green Line, will have positive impacts on promoting German investment flow into Vietnam. German foreign trade and investment promotion is well positioned in Viet Nam. German companies and investors can access to supports and advices from AHK Vietnam, German Business Association (GBA), a correspondent of Germany Trade and Invest (GTAI) in Vietnam. 21 Development cooperation Vietnam is an important partner of Germany in development cooperation. As one of the biggest donors among the EU members, Germany has provided Vietnam with more than EUR 1 billion in ODA since 1990. During 2011 – 2012, Germany committed nearly EUR 300 million for Vietnam. This is a clear evidence for strong support by Germany to the development of Vietnam. German-Vietnamese development cooperation focuses on the three priority areas: (i) Sustainable economic development and vocational training; (ii) Environmental policy, conservation and sustainable use of natural resources; (iii) Health. German development cooperation has been utilizing effectively and contributing positively to socio-economic development of Vietnam, especially in vocational training, human resource development, infrastructure, clean energy source. During the visit of German Chancellor Dr. Angela Merkel to Viet Nam in October 2011, Hanoi Declaration was signed by Prime Minister Nguyen Tan Dung

The Effect of Emotional Intelligence on Leadership Performance Essay Example

The Effect of Emotional Intelligence on Leadership Performance Essay Example The Effect of Emotional Intelligence on Leadership Performance Essay The Effect of Emotional Intelligence on Leadership Performance Essay Varumpa Temaismithi Graduate School of Human Resource Development, National Institute of Development Administration, 118, Serithai Rd, Bangkok 10240, Thailand varumpa. [emailprotected] com ABSTRACT Emotional Intelligence (EI) plays a vital role in a way that leaders direct and facilitate teamwork effectively and efficiently. This implies that by encouraging all employees work together and share responsibilities in order to effectively keep things running smoothly is another responsibility of outstanding leader.This paper is suggesting the conceptual framework of the effect of Emotional Intelligence (EI) on leadership performance. The conceptual framework is developed through the process of review of literature to definitions of Goleman’s Emotional Intelligence and how it relates to leadership performance. Goleman defined the concept of Emotional Intelligence into five components as self-awareness, self-regulation, motivation, empathy, and social skills. These five components a re directly applied to leadership performance.Being outstanding leaders, Emotional Intelligence is one of the most important factors driving them to perform better. Emotional intelligence not only distinguishes outstanding leaders but also can be linked to strong performance. (Goleman, 2004) To fulfill the future part, the conceptual framework will be processed through the process of measuring leaders’ emotional intelligence related to their leadership performance in financial sector in Thailand.As a result, it will be indicated the key factor(s) of emotional intelligence for successful leaders in financial sector. Subsequently, it can be applied to the field of human resource development. Also, it benefits to other related topics in HRD. Keywords: Emotional Intelligence, leadership performance, self-awareness, self-regulation, motivation, empathy, social skills.

Critique a professional journal article Essay Example | Topics and Well Written Essays - 500 words

Critique a professional journal article - Essay Example It is even essential for educational institutes who are dealing with students suffering from the disorder of autism. It is even useful for parents who want to ensure that their children are free from this widely spread disorder (Konkel, 2014). The article cites a study which proves a correlation between autism experienced by children who live near the fields that are being treated by pesticides. There have been no previous studies that focus on these two variables together (Konkel, 2014). This article can be a starting point for researchers to identify whether there is a causal relationship between children experiencing autism and living near field that are being treated with pesticides. The article can even be quite useful for parents who live near such fields. If mothers who live near such fields read this article, they may chose to relocate in order to ensure that their children do not end up suffering from this disorder. The article can be an eye opener for the government to take notice and implement necessary actions to decrease the number of children suffering from this disorder. Every day various teachers come across students who are suffering from the disorder of autism. These children need special consideration from their teachers. Teachers need to actively take part in ensuring that these children are safe from risk factors that can further make the conditions worse for such children. As a special education teacher a teacher needs to ensure that the children who have already developed the disorder remain away from the environment that poses a threat to children suffering from this disorder. Teachers can even educate parents of such children regarding steps they can take to ensure the wellbeing of their child. Teachers can inform the parents about the threat and can advise relocation. They can even inform pregnant women to relocate for the health of their unborn child. Since this is a very first study conducted on the variables, it is quite