INTRODUCTION 1 Rationale of the Research These days, globalization and economic integration bring not only new business opportunities for enterprises but also threats to the development of Vietnams e.
INTRODUCTION Rationale of the Research These days, globalization and economic integration bring not only new business opportunities for enterprises but also threats to the development of Vietnam's economy in general and the existence of enterprises, in particular Vietnam belongs to the system of developing countries and has been moving to a market economy with open economic policies and strategies to participate in international economic integration Therefore, businesses must face increasingly fierce international competition in the country as well as in the world Export is an indispensable field for any countríe and especially for developing countries such as Vietnam To rapidly grow an economy, a nation needs to promote importation and exportation activities because exportation will boost the domestic economy and importation will ensure the continuous and efficient production process Vietnam's multi-economy import-export activities integrate with the world, and actively participate in an international division of labor Specifically, import activities allow us to quickly learn advanced science and technology serving the development of the country and improving the people's living standards At the same time, imports are also a tool to promote the process of domestic production and consumption to keep up with the general level of labor in the world Through import and export, domestic production has undergone great changes, our labor has become more dynamic, creative and meets the demand for qualifications better In fact, although Vietnam is a country rich in natural resources, Vietnam still cannot guarantee sufficient input materials for domestic production process Once among the smallest economies in Southeast Asia, Vietnam has now emerged as one of the world’s fastest-growing markets Currently, the country is the EU’s 16th largest trade partner and the second-largest trade partner within ASEAN Vietnam is also China’s sixth-largest trading partner and in the first half of 2020, was the second-largest exporter to the US With foreign investors showing significant interest in Vietnam, it is important for them to clearly understand the country’s import and export