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COMMENTS & RECOMMENDATIONS ON
THE CORPORATE COMPETITIVENESS IN FREE TRADE AGREEMENT (FTA) ERA.
AJBM 31st MEETING
BANGKOK, THAILAND, NOVEMBER 24, 2005
PRESENTER: MR. NGUYEN HUU THO , CEO OF SAIGONTOURIST VIETNAM
Copyright © Saigontourist 1975-2005
FTA SITUATION :

AS OF MAY 01, 2004, 107 FTA HAVE BEEN SIGNED
IN WHICH 66 CONCLUDED AFTER 1995.

55% TRADE TRANSACTIONS GLOBALLY MADE IN
BILATEAL FREE TRADE AGREEMENT

FTA, A DEVELOPING TREND AND MANY
DEVELOPING COUNTRIES ARE INVOLVED.
SOUTH EAST ASIA, A DYNAMIC REGION

MORE THAN 520 MILLION INHABITANTS

ANNUAL AVERAGE GROWTH FROM 5-6%

TOTAL TRADE VALUE OF USD 720 BILLIONS
VIETNAM

POPULATION OF 82 MILLION WITH AN AREA OF
330,000 SQ. METERS

GDP GROWTH RATE FROM 7-8% (IN 2005, 8.4%)*

FDI : MORE THAN 70 COUNTRIES AND
TERRITORIES INVOLVED, 5800 PROJECTS WITH
REGISTERED CAPITAL OF USD 49 BILLIONS AND
DISBURSED CAPITAL OF USD 34 BILLIONS.
VIETNAM BUSINESS OPPORTUNITIES :





VIETNAM IS IN THE DYNAMIC REGION REACHING THE HIGH
DEVELOPMENT GROWTH AND ATTRACTING THE FDI.
ABUNDANT YOUNG LABOUR FORCE, HIGH EDUCATION LEVEL, 82
MILLION OF POPULATION, THE ATTRACTIVE AND POTENTIAL MARKET
POLITICAL STABILITY, SOCIAL ECONOMIC DEVELOPMENT, PEOPLE’S
LIVING CONDITIONS, INFRASTRUCTURES AND TECHNOLOGY HAVE
BEEN IMPROVED.
A NUMBER OF PREVILEDGED CONDITIONS, INITIAL EXPERIENCE AND
KNOWLEDGE ACHIEVED.
THE EXPORT MARKETS FOR PRODUCTS AND SERVICES WIDELY
OPENED, ADVANCED MANAGEMENT RECEIVED, EXTERNAL RELATIONS
EXTENDED AND COMPETITIVENESS ENHANCED.
VIETNAM BUSINESS CHALLENGES :



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THE ECONOMY OF VIETNAM AT A LOW LEVEL, THE TECHNIQUES AND
INFRASTRUCTURE POOR, AND THE ECONOMIC STRUCTURE NOT
GOOD.
THE LABOUR FORCE MAINLY CONCENTRATED IN AGRICULTURE AREA.
THE PRODUCTIVITY AS WELL AS PRODUCTION EFFICIENCY STILL LOW.
SHORTAGE OF EXPERIENCE AND KNOWLEDGE OF GLOBAL MARKET,
INTERNATIONAL LEGISLATION , MANAGEMENT, COMPETITIVE ABILITY,
AND TECHNOLOGY LEVEL STILL LOW.
THE HUMAN RESOURCES MAINLY NOT BEEN WELL-TRAINED, THE
ADMINISTRATION SYSTEM CUMBERSOME EFFECTIVE AND EFFICIENT.
THE LEGISLATION GRADUALLY ADJUSTED AND CANNOT MEET THE
DEMAND OF SOCIAL ECONOMIC DEVELOPMENT.
SAIGONTOURIST PROGRAM
“MARKETING - QUALITY- EFFICIENCY- INTEGRATION”
1)
2)
3)
4)
5)
6)
7)
8)
9)
ESTABLISHING AND DEVELOPING THE SAIGONTOURIST BRAND STRATEGY POPULAR
IN THE REGION AND INTERNATIONAL MARKETS.
ENHANCING THE MARKET STUDY AND RESEARCH TO MEET THE CUSTOMERS’ NEEDS
AND EXPECTATION BY ITS PRODUCTS AND SERVICES.
DIVERSIFYING THE TOURISM PRODUCT AND SERVICE, IMPROVING AND CONTROLING
ITS QUALITY.
IMPROVING THE BUSINESS OPERATIONS BY MAXIMIZING THE PROFIT AND
CONTROLLING COST OF SALES.
IMPROVING THE MARKETING AND PROMOTION ACTIVITIES ESPECIALLY IN FOREIGN
COUNTRIES.
STRENGTHENING THE BOOKING AND SELLING ONLINE SERVICE.
IMPLEMENTING THE ENVIRONMENT MANAGEMENT PROGRAM 14001
TRAINING AND RETRAINING THE LABOUR FORCE ESPECIALLY FOR THE MANAGEMENT
LEVEL.
IMPROVING THE RISK MANAGEMENT TO REDUCE THE NEGATIVE EFFECTS WHEN
THERE IS CRISIS.
1)
2)
3)
4)
5)
6)
7)
8)
9)
NOT MUCH PROGRESS HAS BEEN ACHIEVED FROM AJBM 29TH, ASEAN COUNTRIES MUST
HAVE QUICK ACTIONS OTHERWISE THEY WILL BE LAGGED BEHIND.
VIETNAM SUPPORTS THE INITIATIVES FROM JAPAN IN PROMOTING FTAS AMONG THE EAST
ASIAN NATIONS IN WHICH JAPAN MAINTAINS ITS CRITICAL ROLE IN OPENING THE
JAPANESE MARKETS FOR ASEAN COUNTRIES.
JAPAN AND EAST ASIA NATIONS ENHANCE STRENGTHENING THE COOPERATION WITH
ASEAN COUNTRIES TO ACHIEVE WHAT THEY ARE CONCERNED.
VIETNAM AND ASEAN COUNTRIES WISH JAPAN AND THE EAST ASIAN NATIONS CONTINUE
TO HAVE APPROPRIATE MEASURES AND ACTIONS TO ENCOURAGE AND SUPPORT THEIR
COMPANIES TO INVEST AND TRADE WITH ASEANS’, AND ACCELERATE THE NEGOTIATION
AND SIGNING BILATERAL AND MULTILATERAL AGREEMENTS.
ASEAN BUSINESS COMPANIES NEED SERIOUSLY CONSIDER THE ESTABLISHMENT OF
ALLIANCE WITH EAST ASIAN ONES TO MAINTAIN THE COOPERATION OF STRATEGIC
COMPETITION WITH DIFFERENT LEVELS AND TO STRENGTHEN CONTROLLING PRODUCT
QUALITY.
JAPAN AND EAST ASIAN COUNTRIES NEED COOPERATE AND CONCRETELY SUPPORT IN
HUMAN RESOURCE DEVELOPMENT, BUSINESS MANAGEMENT ESPECIALLY TO THE
DEVELOPING COUNTRIES.
IT IS THE CHANCE FOR JAPAN AND EAST ASIAN COUNTRIES TO COOPERATE WITH ASEAN
COUNTRIES TO USE EFFECTIVELY AND EFFICIENTLY THEIR RESOURCES AND DEVELOP
THEM ON THE SUSTAINABLE BASIS.
MUCH EFFORTS IN NEED FROM THE BUSINESS AND GOVERNMENTS IN ORDER TO REFORM
THE MANAGEMENT AND ECONOMIC SYSTEMS AND TO PROMOTE BUSINESS
ENTERPRISES AS WELL AS REGIONAL COOPERATION FOR THE SUCCESS AND EFFICIENCY.
ASEAN MEMBERS NEED PREPARE FOR THE TRANSFORMATION OF LEGAL STRUCTURE IN
ACCORDANCE WITH THE ECONOMIC SYSTEM AND ENHANCE THE COMPETITION TO THE
REGIONAL AND GLOBAL LEVEL.