Country Report Essay Example | Topics and Well Written Essays - 3000 words

Country Report - Essay ExampleNonetheless the country is on the verge of transformation into a potentially successful economy. This account has been wide-awake for the CEO of the Read the World, a British origin company, that has appointed the consultancy firm for the purpose of evaluating the market for books in Vietnam and present the threats and opportunities that exist in the country. The report focuses on the social initiative of Read the World that functions with the aim of designing and producing educational books and magazines for the needy people in developing markets. Economic Environment of Vietnam rearwards in the year 1986, Vietnam started off liberalizing its economy. Once it opened its doors to encourage foreign direct investment in various sectors, a considerable jump has been detect in the number of foreign organizations and western companies entering into the country. In the South East Asian region, Vietnam has emerged as a significant economic power. With the in itiation of the inspection and repair policy in the year 1986, the country has been able to fetch a sustainable high GDP product rate during the past decade. With the GDP growth rate of 8.4 percent in the year 2005, the country has been able to the address the issue of poverty. ... Still, there are more possibilities to spread the advantages of the rapid growth in Vietnams economy across the globe. The activities in the private sector concentrated across 64 provinces of the nation. The leaders of these provinces have established a regulatory mannequin which would encourage calculated risk taking by the private entrepreneurs. In the response, with the countrys continual decentralization process, the economic programs of the Asia Foundation have center on the improvement of the business environment to enhance the private sector competitiveness as well as economic growth (The Asia Foundation, n.d., p. 1-2). Since early 1990s, the Vietnam bedchamber of Commerce and Industry (VCCI) and the Asia Foundation together are responsible to promote global business development and economic integration across Vietnam, more specifically the growth among the small and medium enterprises (SMEs). In the year 2002, the Vietnam Chamber of Commerce and Industry (VCCI) and the Asia Foundation shifted their focal point to enhance the provincial governance, further load-bearing(a) the sector growth in the private sector. Started off in the year 2002, they initiated a program to find out the reason why some smattering provinces have the ability to attract the private sector investment and to address the issue f economic success. This also reflects the eagerness of the respective authorities to fill all the provinces equally attractive for the foreign investors. The economic outlook of Vietnam remains greatly positive supported by the governments determination to postdate with WTO. The country has experienced great progress with trade as well as investment reforms. Furthermore, its negotiation over the WTO entry has