Question
Business in Emerging Market
This is a group assignment for an EMBA module.Module name is Business in Emerging Market.Professor requires us to choose a company and design its strategy to enter a emerging market. The company we chose is Volvo's EV battery business. The emerging market we chose is Vietnam. Since it is a group assignment, each team member will write one aspect. My part is to write 800 words for the Politics of Vietnam. I have attached the draft version of the group assignment. On page 5 of the draft, you will find my name Charles, and the Politics I need to write. During your writing, you can refer to the attachments I have uploaded. They are: a. Class slide from Professor regarding Politics in Vietnam b. Slide from Guest Speaker in Vitenam c. Slide from Standard Chartered Bank Vitenam d. Report talking about Vietnam decree 10/2022 – policy to delay and reduce EV registration fees.
Link is https://vietnamnews.vn/economy/1116804/government-issues-new-decree-on-registration-fees.html .
Report talking about Raising Taxes, the link is: https://www.reuters.com/world/asia-pacific/vietnam-set-raise-effective-tax-rate-multinationals-part-global-deal-2023-11-27/
You can also write something about Vietnam's "Bamboo
Policy", which means the root is strong, but they swing to everyone. This
is their country's current foreign policy. The word is around 800 words.
Please go ahead with it. Thanks Charles
Expert Solution
In establishing a
sturdy access strategy for Volvo's EV battery business in the emerging
marketplace of Vietnam, a comprehensive understanding of the political panorama
is vital. Vietnam, a state marked by rapid economic growth and a transferring
political climate, presents both possibilities and challenges that demand a
nuanced approach. Additionally, Vietnam's politics play a vital function in
shaping the business surroundings and the country's foreign policy. The country
is ruled by using the Communist Party of Vietnam, which has a robust effect on
the government and the economy. The party’s celebration's "Bamboo
Policy" displays its technique to foreign policy, which is characterized by
flexibility and adaptableness.
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