week 10 Bin Xiao

Vietnam Aesthetics

Vietnam is a nation that has been for a long time characterized by political instability and insecurity which had adverse effects on both its economic development and business environment. The country has since then implemented structures that are meant to create a favorable business environment and encourage external investors to venture into the land (Pincus 36). The war period had adversely affected the relationships between the country and other nations such as the United States and the United Kingdom. Vietnam has been working hard to remake itself whereby it first attained political stability and then embarked on developing business links with potential business partners. The nation reestablished its business connections through the revising and formalized its business relations with the United States in 1993 which is one of the factors that led to an intensification of business between the two nations (Nguyen and Anna 642). The efforts are emphasized by the collaboration of Vietnamese with American working together in achieving a sustainable economic and social environment as depicted in the below photograph.

Source: Vietnamese emphasizing the need to come together (Nguyen)

There is a lot that can be done to enable Vietnam to achieve national aesthetics status. This includes coming up with policies that are aimed at streamlining the political environment to encourage investment. As compared with other Southeast Asia, Vietnam emerges with the least economic growth rate at 6.4 percent over the period 1985 to 2013 (Pincus 28).

Source: Southeast Asia counties’ economic growth rate (Pincus 36).

Notably, the Vietnamese production sector which is dominated by local investors shows that the situation does not sufficiently support external financing. Vietnam has the availability of labor which has led to the current move by some companies to establish production plants in the nation (Valverde 8-12). This is one of the potentials that the country should exploit besides its outstanding agricultural production. Footwear and electronics assemblies have dominated the Vietnam production industry currently making them the best business options that reflect the nation’s aesthetics. The association of Vietnam with international business organizations and the dominant countries in the global business arena is one of the factors that can enable the state to achieve international aesthetics status.

Works Cited

Nguyen, George, and Anna Shillabeer. "Issues in Transnational Higher Education Regulation in Vietnam." (2013). Print.

Nguyen, Viet Thanh. "Interview With Kieu-Linh Caroline Valverde: We’Re Not Just Boat People." Diacritics.Org, 2013, http://diacritics.org/?p=15739. Accessed 27 November 2017

Pincus, Jonathan. "Why Doesn't Vietnam Grow Faster? State Fragmentation and the Limits of Vent for Surplus Growth." Southeast Asian Economies. 32.1 (2015): 26. Print.

Valverde, Kieu-Linh C. Transnationalizing Viet Nam: Community, Culture, and Politics in the Diaspora. Philadelphia: Temple University Press, 2012. Print.