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The impact of globalization on vietnamese companies

Since 1986, Vietnam has been conducting a process of economic innovation. It has been steadily opening its economy to be able to integrate into the global marketplace more and more.

  1. Since cultural products reflect identity of nation, globalization affects negatively on cultural identity of Vietnam American Planning Association n.
  2. Music industry of Vietnam faces the same problem as movie industry. Now, if you have any other points that you want to discuss, either agreeing or disagreeing with us, feel free to share in the comment section below.
  3. Vietnamese music, especially V-pop, nowadays are very similar to Korean and western music.
  4. There is not a single well-paying job in the country that does not require a good understanding of the language.

During this time, Vietnam has greatly changed. This essay will discuss the effects of globalization on Vietnam with 2 forces: Firstly, the development of Vietnamese economic has changed rapidly. Until 1986, Viet Nam had operated as a centrally planned economy with significant inputs of aid from the Soviet Union.

  1. Why would they use English based name for their name? Both professors put together pre-course sessions that were very helpful in order to bring the group up to speed.
  2. As a consequence, learning at least a foreign language turns into a priority for Vietnamese people. A great number of foreign interests and celebrations, such as Christmas and Halloween, are embraced by the Vietnamese — and, thus, enrich the Vietnamese culture.
  3. Vietnamese music, especially V-pop, nowadays are very similar to Korean and western music. In Vietnam globalization began during renewal process Doi Moi when Communist Party Of Vietnam implemented an open door policy to integrate in region and the world.
  4. I am looking forward to following Vietnam as its story continues to evolve.

In 1987, the first foreign investment law was passed. Since then, the FDI legislation has been revised four times — in 1990, 1992, 1996 and 2000.

Discuss the Effects of Globalization on Vietnam.

The increased integration of the Vietnamese economy into the world economy during the 1990s has been accompanied by rapid economic growth and a reduction in poverty. The globalization has affected the countries in the Mekong Sub-region in different ways, Vietnam just very recently have started to open up the economy, and changed the tourism policy — both aspects that affect trafficking a great deal.

Vietnam is located in the meeting place of East and West and by the side of two great civilizations of India and China. Therefore, nowadays, Vietnam has to withstand the considerable impact of globalization in every aspect of society, including the religious life.

Vietnam in an Era of Reform and Globalization

Although the biggest religion in Vietnam is Buddhism, there are 2 more big religions more such as: In each Vietnamese person, there is rationality of Confucianism, the spirit of Buddhism, and the sacred quietness of Taoism, this is the cultural assets of Vietnam. When Vietnam came into contact with the Western religion, Christianity was introduced into Vietnam.

Therefore, it can be said that religious diversification is a prominent trend in Vietnam nowadays. There have been changed in class relationships in Vietnam since the country carried out the open-door policy boost international ntegration, develop a multi-sectors economic and attract foreign investment.

The polarisation between the rich and the poor and the gap in incomes and living standards are increasing.

Vietnamese people

In the international integration process, Vietnamese culture has received new values of the world culture and become increasingly diverse and richer. Nevertheless, globalization also has negative impacts on Vietnamese culture, for example: In addition, some traditional cultural values have not been preserved and even traded for profits while spiritual values have deformed or sunk into oblivion.

Vietnam has affected a lot by globalization with many other forces such as: But two most popular forces are economic and sociocultural.