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- McKinsey & Company is conducting open a branch in Ho Chi Minh City

CONTENT CHAPTER

Briefly introduce Vietnam’s economy – Global economy

Introduction the ecnomy of Vietnam today

Over 5 years as a member of the WTO, Vietnam's institutional reforms towards liberalization of trade and investment has not yet overcome the disadvantages of lack of system, lack of transparency and lack of stability. Competitiveness of goods and services by businesses and the country did not meet the requirements of the new phase. High-quality human resources are limited is a major obstacle in receiving high-tech FDI projects, the phenomenon of lack of experts, qualified managers has become popular...

Vietnam's export achievements after a member of the WTO: Vietnam's position is raised, the expansion of export markets, export turnover of the year is higher than the previous year shown in the chart : import-export turnover, the balance of trade of Vietnam during the period 2006 – 2010

In 2008 the global economic crisis affect Viet Nam, the crisis has strated from a powerful economic country like the United States has spread very dangerous so widespread throughout the world. Affected by the global recession, upset and affected countries, most clearly is the banking and financial system in each country. In Vietnam most of the production for the export sector in trouble. Including major markets such as the U.S., EU, Japan is the traditional import markets manufacturing exports from Vietnam are in crisis because of the livelihood of the people upset. Requires people to cut spending, reduce procurement level, demand payment weak ... Vietnam is one of the countries affected in the export of goods.

Global economic situation

The global economy is going through monetary crisis coming from Europe and America (2008) has yet to fully recover. On the threshold of the New Year 2013, review of the analyst world still do not have bright colors, but also predicted the possibility of a recession worse can happen from 2013 onwards. Some of the information is not so optimistic: 'on the abyss of a global recession' (seekingalpha.com - 4/1 / '12); Marc Faber predicts a sure way on Zerohedge.com '100 percent chance of global recession will take place in 2013.”International Herald Tribune concerns 'time for the euro no longer exists', and that 'if there is no second bailout package worth $ 165 billion, Athens facing the possibility of default in March / 2013' ...

On 27/12/2012 the U.S. economic experts predict the world's leading economy continues to recover slowly in 2013 when there was no growth spurt. According to analysts, in the coming year, the unemployment rate in the U.S. remained at a high level (7.7%), while the growth rate of the economy is rath