Auditing and Ethics Performing Audit Operation

Question: Examine about the Auditing and Ethics for Performing Audit Operation. Answer: Presentation At the hour of playing out the review activity, the inspectors need to take numerous duties. Then again, the reviewers need to consent to some significant laws and guidelines of the review calling. In such manner, APES is a significant record. Gorillas represent Accounting Professional Ethical Standards that contains all the duties of the evaluators alongside possible dangers and shields of these obligations. On a progressively exact note, APES 110 article contains the different parts of inspectors freedom and the likely sorts of dangers that can be shown up by breaking the standards of evaluators autonomy (Han Fan, Woodbine Cheng, 2013). Dangers The standards and guidelines of Auditing state that inspectors freedom is a significant perspective in the calling. According to meaning of evaluators autonomy in APES 110, the inspectors must not have any sorts of money related enthusiasm for the budgetary properties of the review customers (apesb.org.au, 2016). This is called Auditors Independence. The article likewise says that reviewers freedom involves two significant angles; they are Independence in Mind and Independence in Appearance. As indicated by APES 110, there are five significant dangers that an examiner can look at the hour of review activity. They are Self-intrigue thereat, Self-survey danger, Advocacy danger, commonality danger and terrorizing danger (Audits, 2013). According to the given case, there are two circumstances where the evaluators of Fellowes and Associates can confront some possible dangers. They are examined under (Whittle, Carter Mueller, 2014). In the main circumstance, it tends to be seen that one of the records partners of Fellowes and Associates has gotten a few portions of their review customer Health Care Holding Group (HCHG). Presently, by thinking about the principles and guidelines of APES 110, it very well may be said that the demonstration of the specific inspector of Fellowes and Associates has made a potential freedom related danger for Fellowes and Associates. As referenced above, APES 110 says that an inspector must not have any material money related enthusiasm for any budgetary resources of the evaluated association. This danger is called Self-intrigue danger. By the formation of this danger, individuals may accept that the report of the inspector is affected by this budgetary intrigue and there is a nearness of biasness in the report of the reviewers (Ojo, 2014). In the subsequent circumstance, it very well may be seen that the valuation of scholarly properties of HCHG has been finished by Fellowes and Associates. Nonetheless, there are some circumstance in the valuation. Fellowes and Associates have vault the valuation on 1 March 2014 and the worth is $30 million. A similar review partners of Fellowes and Associates has made the revaluation of a similar protected innovation of HCHG on 30 June 2014, and a similar sum has been thought about. This specific activity of Fellowes and Associates has represented a potential thereat for the review association. It is characteristic that the estimation of the intelligent person; properties of HCHG may have changed between the time length of 1 March 2014 to 30 June 2014. Nonetheless, the evaluators have disregarded this reality and this is a significant offense according to the rules of APES 110. This activity prompts the ascent of Self-survey danger of inspectors. This danger emerges when the revaluati on of the advantages isn't done in the proper manner. Activities and Safeguards Gorillas 110 have given the remedial advances and shields of the dangers. In the primary circumstance, it very well may be seen that there is a likely danger of Self-enthusiasm for Fellowes and Associates. In this circumstance, the main remedial measure that Fellowes and Associates needs to take is that they have to expel that specific worker from the review group that has purchased the portions of HCHG (Rahman, 2015). Then again, APES 110 have given a few shields that can be taken to maintain a strategic distance from these sorts of dangers. To begin with, there should be decides and guidelines that will assist with perceiving the representatives that have material money related premium. The review workers ought not construct any sort of business relationship with the review customers. The review administrations should be investigated all the time (Maroun Atkins, 2014). The subsequent circumstance suggests that there is a danger of Self-audit for Fellowes and Associates. As a restorative measure, Fellowes and Associates need to revaluate the scholarly properties of HCHG by another review group with the goal that the genuine market estimation of the scholarly properties can be taken in a critical position sheets of HCHG. A few shields are accessible for this situation. The review firms need to limit to give non-review administrations to the review customers. The review association needs to clarify that the review customer is liable for taking any sort of non-review administrations from the review firms. A survey of the review groups and administrations all the time kills the extent of review dangers from review activity (Tahir, Idris Ariffin, 2014). End In the above conversation, it tends to be seen that there are two significant examining dangers. They are Self-intrigue danger and Self-audit danger. Both the dangers are associated with the standards of reviewers autonomy. The nearness of monetary enthusiasm for customers property is simply the potential premium danger. Then again, inappropriate valuation of customers resources is simply the potential audit danger. Be that as it may, there are some remedial proportions of these dangers. Then again, some successful protections are additionally accessible that guarantee the non-redundancy of these sorts of review related dangers. References Primates 110 Code of Ethics for Professional Accountants. (2017).apesb.org.au. Recovered 4 January 2017, from https://www.apesb.org.au/transfers/gauges/apesb_standards/standard1.pdf Reviews, F. S. (2013). Quality Control Around Financial Statements Audits. Han Fan, Y., Woodbine, G., Cheng, W. (2013). An investigation of Australian and Chinese bookkeepers perspectives towards autonomy issues and the effect on moral judgements.Asian Review of Accounting,21(3), 205-222. Maroun, W., Atkins, J. (2014). Area 45 of the Auditing Profession Act: Blowing the whistle for review quality?.The British Accounting Review,46(3), 248-263. Ojo, M. (2014). The job of outer inspectors in corporate administration: office issues and the administration of hazard. Rahman, M. (2015). Impact of Non-Audit Services on Independence of Statutory Auditor: Evidence from a Developing Country.Effect of Non-Audit Services on Independence of Statutory Auditor: Evidence from a Developing Country (July 23, 2015). Tahir, F. An., Idris, K. M., Ariffin, Z. Z. (2014). Measurements of Auditor Independence: A Pilot Study.International Journal of Business and Management,9(6), 72. Shave, A., Carter, C., Mueller, F. (2014). Over the quarrel: Interests, talk and authenticity in the review field.Critical Perspectives on Accounting,25(8), 783-802.

Nature- to Build a Fire free essay sample

These two creators apply an extraordinary point of view of how nature can apply to regular daily existence. The parts of connecting with nature and human feelings broke down and inspected in progress of Jack London and Henry David Thoreau. Nature can be a feared foe and can empty life from people and creatures that don't know and careful. In the short story â€Å"To Build a Fire† by Jack London, nature sets and controls the tone all through and interfaces with the man and his canine. In the story, a man and his canine are going through the Yukon, in Alaska, to meet the man’s companions in a lodge miles away. They experience a colossal measure of difficulty and agony while attempting to arrive at his companions. The Yukon is perhaps the coldest spot on Earth and the man and his pooch need to go for a considerable length of time in the unpleasant virus. They find the force and heartlessness of nature head on in their excursion. The man had an estimation of how cool it truly is while he and his canine were strolling, the temperature is, â€Å"Fifty degrees underneath zero implied eighty-odd degrees of ice. Such actuality dazzled him as being cold and awkward, that was all. It didn't lead him to ponder upon his feebleness as an animal of temperature, and upon keeps an eye on fragility when all is said in done, ready to live inside certain restricted constraints of cold† (London). This statement shows that the man accepts that he is more grounded and more impressive than the virus. Nature collaborates with the man and gradually makes him free his human sense. The man turns out to be intellectually and truly powerless and inevitably kicks the bucket from frostbite and defenselessness to nature. Nature’s collaboration with the man and his canine plainly put things in place for the entire story. Then again, nature can be a person’s closest companion and dream. In the book Walden by Henry David Thoreau, Thoreau gets one with nature and lives on the shores of Walden Pond in Concord, Massachusetts. He moves to the forested areas and lives without anyone else and watches nature direct. Thoreau states precisely why he goes to the forested areas, â€Å"I went to the forested areas since I wished to live purposely, to front just the fundamental unavoidable truths that apply to everyone and check whether I was unable to realize what it needed to teach† (Thoreau 406). Thoreau accepts that nature is a fundamental piece of his life. Thoreau moves to the shores of Walden Pond since he accepts that he needs to streamline his life, accepting that the most ideal approach to live was uncertain, free, and as far as might be feasible. As opposed to nature being an undermining some portion of life, as in â€Å"To Build a Fire†, Walden portrays nature as quiet and welcoming. Thoreau esteems the chance to control what he does and when he does it. He realizes that he is free in nature and appreciates the way that he can go angling on the stream and investigating in the forested areas, at whatever point he wants. Thoreau collaborates and associates with nature in a quiet and profitable manner. The way that nature communicates with Thoreau makes an unmistakable tone for the entire story. Jack London puts together his short story with respect to the way that nature is continually pushing man as far as possible. James R. Giles, in his Introduction to American Realism, states London roused a fiction that can best be portrayed as the naturalistic and imperialistic epic that has been a backbone of twentieth-century American well known writing and culture† (Giles). This demonstrates London envelops the entirety of the advantages for be known as a naturalist essayist. London makes an approach to cause perusers to feel frightened, cold, and lost in Jill Widdicombe’s outline of â€Å"To Build a Fire†. Widdicombe depicts how London fuses the tale of a Yup’ik (a social order indigenous to Alaska) family going all through Alaska in a vehicle, when they become stuck in a snow bank and have no place to go being a long way from any significant streets. While in temperatures underneath negative sixty degrees fahrenheit, the family attempts to manufacture a campfire to keep warm, yet their endeavor at the fire fizzles. At the point when the endeavor at building the fire bombs the family has nothing else to spare them and in the long run all bite the dust on account of the loathsome cold and hypothermia. Notwithstanding the part of nature, the part of the family being distant from everyone else in nature additionally applies to the supernatural methodology London is utilizing. In â€Å"To Build a Fire†, London’s utilizes his adoration and information on nature to give a naturalist approach. London depicts how a man needs to make due in awfully cool temperatures, â€Å"When it is seventy five beneath zero, a man must not bomb in his first endeavor to construct a fire †that is, if his feet are wet† (London), indicating that nature is very incredible and man lacks the capacity to deal with istakes when nature is at full power. London’s naturalist composing style draws out the genuine human qualities in the entirety of his characters. The naturalist way to deal with consolidate the outside and the standards of nature, add enormously to the short story â€Å"To Build a Fire†. Interestingly, Henry David Thoreau shows the parts of introspective philos ophy all through his book Walden. As indicated by Perry D. Westbrook, an American Social scholar, â€Å"Walden is a significant artistic articulation of New England introspective philosophy. It records its creators encounters and contemplations while living for a long time and two months in a cottage that he had based on the lush shores of Walden Pond close to Concord, Massachusetts† (Westbrook). Thoreau esteems the straightforwardness and immaculateness of nature as opposed to the unpredictable hustle of typical society. The supernatural benefit of being separated from everyone else in nature is reflected by Thoreau when he says, â€Å"But I would state to my colleagues, once for all, as far as might be feasible live free and uncertain. It has little effect whether you are focused on a homestead or the province jail† (Thoreau 405). Thoreau needs his perusers to live free and to the maximum capacity and he accepts that must be done alone and in nature. As indicated by Overview: Walden†, Thoreau â€Å"urges his perusers to rearrange their lives† (Overview: Walden. ), and to live as one in nature. Thoreau superbly emulates the principal parts of supernatural writing in Walden. Jack London utilizes his symbolism in â€Å"To Build a Fire† to show the feelings of his characters, painting an image in the leaders of his perusers. London utilizes his words in a one of a kind method to show how human feelings are in reality an impression of nature. All through the story, the man battles with the wild cold in the Yukon domain and ceaselessly attempts to finish his objective of arriving at his companions miles down the path. The man pursues once and for all to strike the match to light a fire, â€Å"At last, when he could bear no more, he twitched his hands separated. The blasting matches fell sizzling into the snow† (London), demonstrating that his feelings and body could bear no more and that nature had negatively affected the man. Nature and its incredible ways, all through â€Å"To Build a Fire†, cause the man to develop various feelings that accumulate and in the long run lead to his demise. Human feelings are a reflection and reaction to the ruthless impacts of nature. In Walden, Henry David Thoreau additionally communicates that human feelings are an impression of nature. As per Kent C. Ryden an American researcher, â€Å"First, Thoreau looked to carry on with an actual existence grounded innovatively, morally, and exotically in the surfaces of the characteristic world. Second, through the span of his profession he turned out to be increasingly more intrigued by regular life itself, in seeing how nature worked† (Ryden). All through a large portion of Walden, Thoreau’s state of mind is straightforwardly related with the climate in Walden Pond. Throughout the winter season, Thoreau’s state of mind is quiet and quiet because of the dark skies and calm woods; he has not many guests and is disregarded to think throughout the winter months. Nature assumes a vital job in communicating human feelings in â€Å"To Build a Fire† and Walden. Nature is a characterizing power in the lives of everyone living on this grand planet. The climate controls what individuals do and when they can do what they want, no individual in their correct psyche will go on a run in a torrent. Jack London draws out the fierce power of nature in his short story â€Å"To Build a Fire†. Then again, Henry David Thoreau draws out the quiet and inside and out piece of nature in his book Walden. Despite the fact that the manner in which nature acts is totally unique in these two stories, numerous examinations can be made. The parts of including nature and getting one with nature show visionary and naturalist esteems in the separate stories. Additionally, the reflection between human feelings and nature are exhibited all through â€Å"To Build a Fire† and Walden. Jack London and Henry David Thoreau demonstrate commendable ability to have the option to apply such definite parts of nature in every one of their accounts. Word Count: 1621 Works Cited Giles, James R. Presentation. The Naturalistic Inner-City Novel in America: Encounters with the Fat Man. Columbia: University of South Carolina Press, 1995. 1-14. Rpt. in Twentieth-Century Literary Criticism. Ed. Thomas J. Schoenberg and Lawrence J. Trudeau. Vol. 182. Detroit: Gale, 2007. Writing Resource Center. Web. 18 Mar. 2013. London, Jack. To Build a Fire. N. p. : n. p. , n. d. JackLondons. net. Web. 12 Mar. 2013. Ryden, Kent C. Thoreaus scene inside: how he came to know nature, and through it came to know himself. American Scholar 74. 1 (2005): 132+. Writing Resource Center. Web. 11 Feb. 2013. Thoreau, Henry D. Walden. Prentice Hall Literature. Immortal Voices, Timeless Themes: The American Experience. Upper Saddle River, NJ: Prentice Hall, 2002. 400-11. Print. Westbrook, Perry D. Walden: Overview. Reference Guide to American Literature. Ed. Jim Kamp. third ed. Detroit: St. James Press, 1994. Writing Resource Center. Web. 11 Feb. 2013. Widdicombe, Jill. A diagram of To Build a Fire,. Hurricane On

Peek Over Our Shoulders What Rioters Are Reading On September 18, 2014

Peek Over Our Shoulders What Rioters Are Reading On September 18, 2014 In this  feature at Book Riot, we give you a glimpse of what we are reading  this very moment. Here is what the Rioters are reading today (as in  literally  today). This is what’s on their bedside table (or the floor, work bag, desk, whatevskis). See a Rioter who is reading your favorite book? I’ve included the link that will take you to their author archives (meaning, that magical place that organizes what they’ve written for the site). Gird your loins â€" this list combined with all of those archived posts will make your TBR list EXPLODE. Then again, that might be just what the doctor ordered for summer weekend plans. Enjoy! We’ve shown you ours, now show us yours; let us know what you’re reading (right this very moment) in the comment section below! Amanda Diehl Knowing the Score by Kat Latham: because I’ve been jonesing for more sports romances. (eBook) The Apartment by Amanda Black: the premise seemed pretty interesting and it’s for review. (eARC) Jessica Woodbury Landline by Rainbow Rowell: because Audible had a sale over the summer that I forgot about until last week. (audiobook) The Barter by Siobhan Adcock: for review, and fits exactly my desire for an atmospheric semi-scary book for fall. (hard copy ARC) Greg Zimmerman I Am Pilgrim, by Terry Hayes needed a good thrillin’ thriller for a trip. This fits the bill, and then some. (ebook) Colorless Tsukuru Tazaki and His Years of Pilgrimage, by Haruki Murakami ‘cause new Murakami. (hardcover, library) Edd McCracken Just My Type by Simon Garfield: because you can never know enough about a font’s backstory. (hardcover) EH Kern Kicking and Dreaming. A Story of Heart, Soul, and Rock and Roll by Ann and Nancy Wilson with Charles R. Cross: I’m continuing on my journey through the land of biographies. This is the shared autobiography of Ann and Nancy Wilson of Heart. I love Heart. (hardcover) Rincey Abraham brown girl dreaming by Jacqueline Woodson: I’m reading this as part of the Tumblr Reblog Book Club, which always has great YA picks. (hardcover) Jeanette Solomon The Silkworm by Robert Galbraith: because J. K. Rowling. (library) The Lies of Locke Lamora by Scott Lynch: I’ve been trying to read more books by men in 2014, and high fantasy is a good way to do that. (paperback) Rachel Manwill Big Little Lies by Liane Moriarty: Reading this for book club (hardcover) One Summer: America, 1927 by Bill Bryson: I was in the mood for nonfiction that would make me say, “Did you know…” to everyone. (audio) Rachel Smalter Hall In the Woods by Tana French: I’ve been jonesing for the perfect detective series for ages â€" well-written with complex male female characters; casual South Park references. Why did it take me so long to find Tana French? (Audio) We Were Liars by E. Lockhart: Finally came in on my library holds list. As dreamy and wonderful as everyone says. (Hardcover, Library) Fourth of July Creek by Smith Henderson: Another library hold I’ve been waiting for all summer. (Hardcover, Library) Nicole Perrin The Bone Clocks by David Mitchell: New David Mitchell is new David Mitchell (ebook) Sleepwalkers: How Europe Went to War in 1914 by Christopher Clark: My WWI history is pretty good, but I wasn’t nearly as solid on the lead-up. Pre-war Europe is more fascinating than even I had imagined. Dana Staves Day of Honey:  A Memoir of Food, Love, and War by Annia Ciezadlo:  I’ll be seeing this author read at a literary festival next month, and that’s the perfect excuse to finally read this memoir, which has been on my TBR list for a good while. (Paperback) Nikki Steele The Gothic Fairy Tale in Young Adult Literature: Essays on Stories from Grimm to Gaiman by Joseph Abbruscato and Tanya Jones: Still making my way through this great collection (Paperback) Etiquette Espionage by Gail Carriger: Because end of summer sometimes really needs fancy steampunky books. (Audio) The Magician’s Land by Lev Grossman: Yes. The series is wrapping up stupendously. (Hardcover) Jessica Pryde The Children of Odin and The Poetic Edda: Read a book a few weeks ago that put me on a real Norse Mythology kick, and I’ve never read the source material. (ebooks) The Black Count by Tom Reiss: Decided to start listening to audiobooks (but only nonfiction at work) and this was the first one I came across in overdrive that was on my to-read list. (Audio) Sarah McCarry Lonely Hearts of the Cosmos by Dennis Overbye: Still not tired of books about life, the universe, and everything. (Paperback) Bone Gap by Laura Ruby: Came highly recommended by favorites Anne Ursu and Nova Ren Suma. (ARC) Amanda Nelson The Tombs of Atuan by Ursula K. Le Guin: because it was the next book in the Earthsea cycle and because Le Guin is a bad ass. (Paperback) Charles Dickens: A Life by Claire Tomalin: What could be more Dickensian than the life of Dickens? (Paperback) Brenna Clarke Gray The King’s Curse by Philippa Gregory: because I forgot I hadn’t finished it (I might be losing my mind). (Digital ARC) Liberty Hardy The Short and Tragic Life of Robert Peace by Jeff Hobbs, for work (Hardcover) Dataclysm: Who We Are (When We Think No Ones Looking) by Christian Rudder, because statistics make me weak in the knees. (Hardcover) Hausfrau by Jill Alexander Essbaum, because I want to stay on top of 2015 books. (ARC) Murder in the Stacks: Penn State, Betsy Aardsma, and the Killer Who Got Away by David Dekok, because I am a morbid little monkey. (Paperback) Derek Attig The Magician King  by Lev Grossman: Because Ive decided to finish the trilogy, despite myself. (Ebook) Rachel Cordasco Normal People Don’t Live Like This by Dylan Landis: because I absolutely LOVED her debut novel Rainey Royal and want to go back and read everything she’s ever written (Paperback, library) Kelly Jensen Don’t Touch by Rachel M. Wilson: Because I love books about mental health, and this one delves into OCD. David Abrams The Chocolate War by Robert Cormier: Because I’ve been asked to speak at a Banned Books event in Bozeman, MT next week. (paperback) The Three Investigators and the Mystery of the Moaning Cave by William Arden: Because reading The Chocolate War has soaked me in nostalgia and I figured it was high time I revisited Bob, Pete and Jupe. (paperback) The Home Place by Carrie La Seur: Because Montana. (ebook) Kim Ukura Without You There Is No Us: My Time With the Sons of North Korea’s Elite by Suki Kim: I love a good book/memoir about cultures I will never experience. (galley) Eric Smith September Girls by Bennett Harrison: A YA novel I’ve been meaning to pick up for… well, the past year, September Girls was one of those books that hit with some incredibly polarizing reviews. Blogs that I frequently read either absolutely loved it or completely loathed it. When I picked up the paperback in a used bookshop last week and saw some very kind words on the back cover from Nova Ren Suma, I decided it was time to dive in and judge for myself. So far? Really digging it. I know I’ll finish it up this week. (Paperback) Echoes of Us by Kat Zhang: The final book in Zhang’s Hybrid Chronicles trilogy. I’m going to crack this open immediately. (Hardcover) Tasha Brandstatter It Happened in Egypt by CN Williamson: Someone in the classics Google Group I belong to recommended CN Williamson as a good bet when one is the mood for romantic adventure novels. Plus, Egypt. (Audiobook) Beauty and the Mustache by Penny Reid: My mom loaned me this one. (Ebook) Rah Carter Beowulf translation by J.R.R. Tolkien. Because new Tolkien book. (Hardcover) The Golem And The Djinni by Helene Wecker. The title caught my attention at the library (Hardcover) Margret Aldrich The Replacements: All Over but the Shouting: An Oral History by Jim Walsh because I finally saw The Replacements in concert and am trying to keep the party going.  (paperback) Johann Thorsson Breed by K T Davies. A recently-released grimdark fantasy with a comic twist. (Kindle) The Short Novels of John Steinbeck  Because John Steinbeck. (Pretty paperback) Emily Gatlin My Conference Can Beat Your Conference: Why the SEC Still Rules College Football by Paul Finebaum: because my two favorite things (books and SEC football) rarely collide. (Hardcover) What the Lady Wants by Renee Rosen: forthcoming historical fiction release about Marshall Field/Chicago during the late 1800s. Now I’m in love with a store that no longer exists, but I found a whole chunk of history I haven’t explored yet so I get to read more books about it. As you do. (ARC) Christy Childers Churchill by Paul Johnson: Because I’m a sucker for British history, especially when Winston Churchill is involved. (hardcover) As for  Me… Love Me Back: A Novel by  Merritt Tierce: It caught my eye while reading Libertys New Books! newsletter this week. I wanted something gritty, that will shake me up a little. (ebook) The Hidden White House: Harry Truman and the Reconstruction of Americas Most Famous Residence by Robert Klara: Recommended by fellow Rioter, Swapna Krishna, while several of us were in Washington, D.C. for the National Book Festival. I love U.S. History and this book is scratching all of those itches. (ebook) ***** Catch up with more  bookish things that we are up to on  Book Riot’s  Instagram account. On the days that this feature runs, well share a short video there from one of our contributors about one of the books they are currently reading! Save

Essay SOC110 R6 W1 The Value Of Teams Worksheet 3 - 807 Words

University of Phoenix Material The Value of Teams Worksheet After reading Ch. 1 and 2 of Working in Groups, answer the following questions in 150 to 200 words each. 1. In what kind of teams have you participated? In my many years in working for the state of Georgia, I have worked in several groups, but the one that stands out the planning committee that I was serving on with my co-worker. We were trying to organize a non-profit organization called It takes a Village. We had a rough start but we worked to together and everyone understood the main goal and we all got assigned certain duties and once we complete the assigned task we, always assisted the other team members so that we get the job done. 2. How is communication in a team†¦show more content†¦The second stage is the Storming stage this is where the team members address the issues at hand. This is when the team members may become argumentative and disagree. I think you will get to use your conclict resolution skills. The third stage is the Norming stage, this is where the team members resolve tension and work together as a unified team in order to achieve the teams common goal/goals. The fourth stage is Performing stage this is where they can focus their energy on both the task and social dimension of teamwork. The fifth stage is the Adjourning stage, once the taeam reach this stage they have usually accomplished their common goal and may begin to disband. 5. How might stronger team skills benefit you? How might you use teamwork skills in your job? Provide specific examples. When you work in a team or group setting it is more efficient. You know as the old saying goes,†two heads are better than one†, in a lot of cases this is very true. By working in a team setting you also have diversity and with that you should be able to reach your team’s common goal more easily,because you will have numerous choices to choose from. I believe that at any job you may be doing team work is vital to it’s daily function, because the different elements that each individual contributes to the job comes together so that daily operation functions as a whole, for example, I am the first point of contact and I play a vital part of daily operations, I have to be

The Effect Of Maslow s Hierarchy Of Needs Essay - 1734 Words

Wake up. Eat. Go to school. Eat. Go home. Eat. Do homework. Eat. Go to bed. This is an average person’s day while they are between the ages of 5 and 22 (the school aged children through average college graduation). The daily intake of food for a person is so important, as it sustains their every move throughout the day. This is especially true for school aged children, as the habits that they will learn and develop now will follow them for the rest of their lives. It is just as important for educators to be aware of what their students are eating and how to provide a healthy intervention when a child’s health is in question. In psychology, there is something called Maslow’s Hierarchy of needs. This hierarchy of needs has 5 tiers that show the needs of a person (See Figure 1). These needs are physiological needs (Tier 1), safety needs (Tier 2), belongingness and love needs (Tier 3), esteem needs (Tier 4), and self-actualization (Tier 5). The premise behind this hi erarchy and the figure being a triangle is that in order to achieve the higher levels, one must first complete the levels before it (McLeod, 2007, 2016). For example, in order to create intimate and meaningful relationships (Tier 3), one must first feel safe and secure with where they are at and must be getting adequate amounts of rest, food, and be clothed properly (Tiers 1 and 2). Within this hierarchy, food can be found on the first level. This means that a person cannot go on to fulfilling the other needs that aShow MoreRelatedMaslow s Hierarchy Of Needs1741 Words   |  7 PagesMaslow’s hierarchy of needs and Herzberg’s. The Maslow’s hierarchy of needs include five levels, and at the certain extent, reflect the rule of human s activities on psychological and behavior. Herzberg’ describe the more details of worker agree or disagree about working. 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Maslow (1943) organised these human needs into five sets and then arranged those into a pyramid, withRead MoreCritically Evaluate Maslow’s Hierarchy of Needs as a Way of Understanding Employees Motivation in Contemporary Chinese Business1179 Words   |  5 PagesCritically evaluate Maslow’s hierarchy of needs as a way of understanding employees motivation in contemporary Chinese business Nowadays, many Chinese business companies emphasize the motivation of employees. In their view, if employees are motivated, they will not only give full play to the initiative and creativity, but also create work with high quality and efficiency. Consequently, more Chinese managers are serious about western theories on motivation in order to obtain the right directionRead MoreIntroduction To Motivation Theory And Its Influence On Marketing Essay1331 Words   |  6 Pagesconsumers do what they do and what product they need? Having a good understanding of motivation theory is a useful way for marketers to close to people. Motivation refers to the processes that cause people to behave as they do. From a psychological perspective, motivation occurs when a need is aroused that the consumer wishes to satisfy.Once a need has been activated, a state of tension exists that drives the consumer to attempt to reduce or eliminate the need. By understanding it, grasping the rulesRead MoreMaslows Hierarchy of Needs1409 Words   |  6 Pagesset of needs that motivate our communication and our responses to messages. While not everyone’s priorities are identical, our needs resemble one another’s† (Steinberg, 2007:22). This assignment will discuss Maslow’s hierarchy of needs. It will look at real life examples of each component. It will also identify and explain each component. An appropriate diagram will be given to support my answers. At the end of this assignment one should have a full understanding of Maslow’s hierarchy of needs. 2. ExplanationRead MoreBandura s Theory On Social Learning1734 Words   |  7 PagesC1 Bandura s theory is based on social learning. He emphasises the importance of observing and modelling the behavior, attitudes and emotional reaction from others. Children from large families or children who attend day care may do this a lot, they will always be observing other children or their siblings behavior, attitude or emotional reactions even if they don’t intend to. . In society, children are surrounded by many influential models, such as parents within the family, characters on children’s

Investment in Vietnam Free Essays

string(35) " the people and for the people†\." 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. We will write a custom essay sample on Investment in Vietnam or any similar topic only for you Order Now 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. 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 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 VIETNAM AT A GLANCE †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 I: KEY FACTS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 II: POLITICAL SYSTEM †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ III: ECONOMY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 IV: INFRASTRUCTURE †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 13 V: VIETNAM- GERMANY ECONOMIC RELATIONSHIP†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 21 LEGAL GUIDE FOR INVESTING AND DOING BUSINESS IN VIETNAM †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 24 I: INVESTMENT REGULATIONS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 24 II: TRADE REGULATIONS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 30 III: TAXATION †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 35 IV: CUSTOMS REGULATIONS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 42 V: LAND LAW †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 44 VI: FOREIGN EXCHANGE AND LOANS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 9 VII: EMPLOYMENT †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 52 VIII: COMPETITION LAW †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 58 IX: ENVIRONMENT †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 62 X: INTELLECTUAL PROPERTY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 64 XI: TECHNOLOGY TRANSFER †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 XII: DISPUTE RESOLUTION †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 73 BUSINESS TRAVEL GUIDE TO VIETNAM †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 77 APPENDICES APPENDIX 1: LIST OF SECTORS ENTITLED TO INVESTMENT INCENTIVES †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 80 APPENDIX 2: LIST OF GEOGRAPHICAL REGIONS OF INVESTMENT INCENTIVES †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 84 APPENDIX 3: USEFUL CONTACTS AND ADDRESSES IN VIETNAM †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 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†. You read "Investment in Vietnam" in category "Essay examples" The people access the State power through the National Assembly and People’s Councils, which are composed of elected representatives who represent the people’s 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 People’s Court is the judicial body of the Socialist Republic of Vietnam. It supervises and directs the judicial work of local People’s Courts, Military Tribunals, Special Tribunals and other tribunals, unless otherwise prescribed by the National Assembly at the establishment of such Tribunals. The Supreme People’s 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 country’s 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 Vietnam’s GDP continuously increases the country’s 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 Vietnam’s socio-economic life since it generates about 57 percent of total employment and makes important contribution to the expansion of the country’s f oreign 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. Vietnam’s commitments in the WTO increase market access for exports of goods and services of WTO’s 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 territ ories. Vietnam holds 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 Forum’s 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$153,5 billion, accounting for nearly 80% of the registered capital. While there are foreign invested projects in all provinces and cities in Viet Nam, most investment has been in the key economic areas in the South including Ho Chi Minh City, Dong Nai, Binh Duong, Ba Ria, Vung Tau, and in the North including Hanoi, Hai Duong, Hai Phong and Quang Ninh. The foreign invested sector has increased rapidly, gradually asserting itself as a dynamic component of the economy, and has made an important contribution to enhancing the competitiveness and efficiency of the economy. In 20 10, the foreign invested sector has accounted for 21. 5% of the country’s total investment, contributed 18. percent to GDP, 54. 2 percent to export volume (crude oil included), 44. 4 percent to industrial gross output and employed 1. 6 million persons. 11 FDI Inflow of Vietnam, 2000-2010 Project number Registered capital Service, 10. 7% Telecom. transportation 4. 1% Service, 19. 2% Processing manufacturing 48. 7% Agriculture, 1. 6% Processing manufacturing 59. 8% Agricult ure 3. 9% Telecom. transportation 7. 7% Real estate construction 30. 8% Power, water, gas, 2. 5% Mining, 1. 5% Real estate construction 8. 4% Power, water, gas, 0. 5% Mining, 0. 6% Source: Ministry of Planning and Investment FDI of Vietnam by sector, 2010 600 60 1400 1200 50 1000 40 800 30 600 20 400 10 200 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Year Disbursement Total investment Note: Accumulated inflow of FDI by the end of 2010 Source: Ministry of Planning and Investment 12 No. of project 1800 70 FDI inflow (billion US$) 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 1 98,000 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  œ 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 and Chancellor Dr. Angela Merkel. It is the start of the strategic partnership between Vietnam and Germany. Export and import between Vietnam and Germany, 2007-2010 4000 3500 Value (USD million) 3000 2500 2000 1500 1000 500 0 2007 2008 Export from Vietnam to Germany 2009 2010 Year Import to Vietnam from Germany Source: German Federal Statistical Office 22 Gernam investment flow into Vietnam by sector, 2010 Registered capital Service, 10. 5 Agriculture, Telecom. 5. 4 transportation 0. 4 Real estate construction 1. 0 Project number Processing manufacturing 53. 6 Processing manufacturing 46. 7 Service, 34. 2 Agriculture 2. 0 Power, water gas, 29. Telecom. Mining, 0. 7 transportation Real estate 10. 5 construction Power, water gas, 2. 0 3. 9 Mining, 0. 0 Source: Ministry of Planning and Investment 23 LEGAL GUIDE FOR INVESTING AND DOING BUSINESS IN VIETNAM I: INVESTMENT REGULATIONS On 1 July 2006, the investment regime comprised of a unified Enterprise Law (â€Å"EL†), which regulates corpora tions, and a common Investment Law (â€Å" IL†), which regulates investment, came into effect. The promulgation of these two important legislations is considered a significant watershed for improvement of the legal environment on investment activities and corporate governance in Vietnam. . Overview To do business under the IL and EL, foreign investors are required to obtain investment certificates from an appropriate Licensing Authority. Under the IL, investors may invest in all sectors not prohibited by law. prohibited by law include: Areas ? Investment projects detrimental to national defence, security, and the public interest; ? Investment projects detrimental to historical and cultural traditions and the ethics or customs of Vietnam; ? Investment projects harming people’s health or destroying natural resources and the environment; and ? Investment projects treating toxic waste imported to Vietnam and investment projects manufacturing toxic chemicals banned by international law. 2. Licensing Investors shall follow the licensing and registration steps depending on the size and the sector of the investment project. Investment Certification Process 24 Conditional sectors: Investment projects in conditional sectors shall satisfy certain conditions in order to be licensed. Conditional sectors include: ? Broadcasting and television; ? Production, publishing and distribution of cultural products; ? Exploration and exploitation of minerals; ? Establishment of infrastructure for telecommunications network, transmission and provision of internet and telecommunications services; ? Establishment of public postal network and provision of postal services and express services; ? Construction and operation of river ports, sea ports, terminals and airports; ? Transportation of goods and passengers by railway, airway, roadway and sea and inland waterways; ? Catching of aquaculture; ? Production of tobacco; ? Real estate business; ? Import, export and distribution business; Education and training; ? Hospitals and clinics; and ? Other investment sectors in international treaties of which Vietnam is a member and which restrict the opening of the market to foreign investors. Investment Registration: Foreign investment projects with a total invested capital of less than VND 300 billion (US$ 15 million) and not falling in a conditional sector are subject to â€Å"investment registration† and foreign investors of such projects shall carry out the procedures for investment registration in order to be granted an investment certificate. The investment certificate also serves as the business registration of the corporate entity. Enterprises can subsequently register additional investment projects without the need to create a separate entity. The investor should submit application documents for investment registration to the Licensing Authority. The Licensing Authority shall check the documents and issue the investment certificate to the investors within 15 workin g days of receiving the valid application. Investment Evaluation: Any investment project with a total invested capital of VND 300 billion (US$ 15 million) or more or investment projects falling in conditional sectors shall undergo â€Å"an investment evaluation† by the Licensing Authority and other relevant authorities. There are two different types of evaluation: ? evaluation for investment projects regardless of total invested capital falling into conditional sectors; and ? evaluation for investment projects with total invested capital of VND300 billion or more that do not fall into conditional sectors. For the evaluation of investment projects with total invested capital of VND 300 billion or more, along with the application documents, the applicant must also submit an â€Å"economic – technical explanation† of the investment project to the Licensing Authority. This covers the economic – technical explanatory statement, 25 objectives, scale, location, investment capital, implementation schedule, land use needs, and technological and environmental solutions of the investment project. For the evaluation of investment projects falling in conditional sectors, in addition to the application documents, the investor shall also demonstrate compliance with requirements specific to that conditional sector. When assessing the application documents, the Licensing Authority may liaise with other relevant Ministries and authorities in evaluating the proposed investment project. Items to be evaluated shall comprise: ? compliance with master planning/zoning for technical infrastructure, master planning/zoning for land use, master planning for construction, master planning for utilization of minerals and other natural resources; land use requirements; ? project implementation schedule; ? environmental solutions. The time-limit for evaluation of investment shall not exceed thirty (30) days from the date of receipt of a complete and valid file. In necessary cases, the above time -limit may be extended, but not beyond forty five (45) days. Applying for Construction License Filing f or Investment Certificate Applying for the approval of Report on environment effects evaluation Agreement on land/building/office renting Evaluating preliminary technical design Environmental protection ommitment Land/building/office renting contract 26 Projects subject to Projects subject to environmental protection construction license commitment †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Investment Certificate Projects subject to Report on environmental effects evaluation To-Do List for Investors 3. Licensing Authority Licensing Authority 3. 1 The Board of Management (â€Å"BOM†) of industrial zones (â€Å"IZs†), export processing zones (â€Å"EPZs†), high-tech zones (â€Å"HTZs†), and economic zones (â€Å"EZs†) are responsible for licensing foreign investments within their zones. 3 . 2 National important BOT projects and PPP projects are licensed by the Ministry of Planning and Investment (â€Å"MPI†). Oil and gas projects, credit institutions, insurance projects and law firms are licensed by Ministry of Trade and Industry, State Bank of Vietnam, Ministry of Finance and Ministry of Justice respectively. 3 . 3 The Provincial People’s Committee is the authority responsible for all other foreign investments. Licensing applications shall be submitted to these bodies, who will consult with other relevant governmental authorities (where so required) before issuing final approval. . 4 The Prime Minister will approve the following investment projects (unless they are not included in the approved master plan): (a) The following investment projects, irrespective of the source of investment capital and scale of investment: – construction and commercial operation of airports; air transportation; – construction and commercial operation of national se a ports; – exploration, mining and processing of petroleum; exploration and mining of minerals; – radio and television broadcasting; – commercial operation of casinos; – production of cigarettes; – stablishment of university training establishments; and 27 – establishment of IZs, EPZs, HTZs and EZs. (b) The following investment projects, irrespective of the source of investment capital but with a total invested capital of VND 1,500 billion or more in the following sectors: – business in electricity, processing of minerals, metallurgy; – construction of railway, road and internal waterway infrastructure; and – production and business of alcohol, beer; (c) The following projects with foreign-invested capital in the following sectors: – commercial operation of sea transportation; – onstruction of networks for and supply of postal and delivery, telecommunications and internet services, construction of wave tran smission networks; – printing and distributing newspapers and printed matter, publishing; and – establishment of independent scientific research establishments. 4. Forms of Investment and Enterprise Under the â€Å"Law on Investment† and the â€Å"Law on Enterprises† foreign investors may choose the following forms of investment in Viet Nam: Investment forms: – Invest in business development; – Establish economic organizations (100% capital of foreign investors or joint venture); Purchase shares or contribute capital to participate in management of investment activities; – Invest in contractual forms of BBC, BO, BTO, BT, PPP; and – M of enterprises. While foreign investors are allowed to buy shares in many domestic companies without limitation, there are ownership limitations for certain companies listed on the Vietnam stock exchange and financial sectors. Foreign ownership cannot exceed 49 percent of listed companies and 30 pe rcent of listed companies in the financial sector. Forms of enterprises: – Limited liability company (with one member or more than one member); How to cite Investment in Vietnam, Essay examples

Employees Writing and Communication Skills †MyAssignmenthelp.com

Question: Discuss about the Employees Writing and Communication Skills. Answer: Introduction: The company have noted that many of the employees have been facing stress and other mental fatigue. These issues have affected the results of many employees in the company. The company has formulated an objective to offer services that will help employees to keep their body fit (Marylene, 2014). The fitness center will also assist employees to have composed minds for maximum productivity in the company. Since medical insurance or medical cover is paid by the employer, then all the employees are requested to join employees fitness program and enroll on various services. It is good to not that the fitness center will result to desirable benefits. The employees will be able to keep fit in terms of body fitness. Healthy life is the first priority. Apart from that, the company will benefit from employees mind fitness. Fitness center will assist the employees to reduce stress which in return favor their productivity in the company. The company had set several programs some time back to assist the employee. This new program is just a continuation of what the company have been doing (Maslow, 2013). Activities such as sport teams involving all departments have assisted many employees to quite some vices such as smoking. We need to be fit so as to promote productivity which will make the company retain competitive advantage. Finally, fitness center is a form of recreation service that all employees need to enjoy. References Marylene, G. (2014). The Oxford Handbook of Work Engagement, Motivation and Self-Determination Theory. OUP USA. Maslow, A.H. (2013). A Theory of Human Motivation. Start publishing LLC.