(Tiểu luận) principle of management midterm assignment

UNIVERSITY OF ECONOMICS AND BUSINESS SCHOOL OF BUSINESS ADMINISTRATION ***** PRINCIPLE OF MANAGEMENT MIDTERM ASSIGNMENT SCHOOL YEAR: 2022-2023 STUDENT: Đỗ Ái Lâm STUDENT CODE: 21050237 MODULE CODE: BSA2004-E*1 LECTURERS: PhD Phạm Mạnh Hùng PhD Nguyễn Ngọc Qúy Master Nguyễn Khánh Huy HA NOI-2022 h QUESTION It is believed that management level is one of the key disadvantages of Vietnamese enterprises/organizations in comparing with the management level of enterprises/organizations in developed countries What is your view on the above opinion? What are strengths and weaknesses as well as opportunities and challenges of management of Vietnamese enterprises/organizations? Offer solutions to promote strengths, improve weaknesses and take advantage of opportunities, overcome challenges Illustrated by specific Vietnamese enterprises/organizations, in comparisons with specific enterprises/organizations in developed countries h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 TABLE OF CONTENTS QUESTION FOREWORD CONTENT I-About management level Definition Is management level necessary? Three main levels of management II- Management level issues in Vietnam Real situation Causes Strengths of management level in Vietnam Weaknesses of management level in Vietnam Opportunities for management level in Vietnam 11 Challenges for management level in Vietnam 15 III- Proposed solutions 18 Financial management 18 Labor management 19 Production management 20 Information transparency 20 Risk management 20 IV- Compare specific Vietnamese company to foreign enterprise 20 REFERENCES 23 h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 FOREWORD Firstly, I would like to thank University of Economics and Business for including Management module in our program It is a good chance for me to learn about management thoroughly Secondly, I would like to send my sincere thanks to PhD Pham Manh Hung, PhD Nguyen Ngoc Quy and Master Nguyen Khanh Huy, who have taught me many interesting things about managament Your enthusiastic lessons have not only inspired me so much but also provide knowledge to help me finish this exam However, due to the lack of awareness and experience, my assignment may have many mistakes It would be my bless to have you correct my fault and and give me some feedback Thank you! h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 CONTENT I-About management level Definition According to Indeed, a prestigious website about career guide, management levels are the divisions between degrees of authority and responsibility in a company The typical management levels are top-level management, mid-level management and first-line management These levels determine the duties of various manager positions, including who they report to and who reports to them Is management level necessary? My answer is “yes” Dividing work into management levels allows a company to hire more employees because there are many managers available to supervise and direct for different tasks This also helps create smoother processes and ensures each level of management can check one another's work before sending a product to the public Moreover, management levels raise the degree of specialization, which leads to better productivity Three main levels of management As far as I know, each level of management has different characteristics Top-level managers have a greater need for interpersonal and decision-making skills; while middlelevel managers are said to have a balanced need for all three skills: decision-making skills, interpersonal skills and technical skills The most basic level is first-line management, which requires higher need for technical and interpersonal skills To be more detailed, top-level managers are obligated to be able to oversee the direction of an entire company Their primary goals are to maximize the profit and build good reputation for the company They are responsible for developing business plans, setting attainable goals and keeping contact with other employees Middle-level managers have different tasks They ensure the connection between top-level management and other employees, make sure that they understand the company’s aims clearly and their best to achieve them Middle-level managers’ duties also include h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 guiding for first-line managers Therefore, their tasks often stick to specific sections, such as department manager, regional manager, … First-line managers, or supervisory, interpret instructions from mid-level managers to help them direct their teams successfully and contribute to the growth of the company They also listen to employee concerns and discuss them with mid-level management, who may take the concerns to top-level management Many first-line managers perform duties like assigning tasks to their employees, maintaining the quality of production and supervising daily activities II- Management level issues in Vietnam Real situation According to Vietnamplus online article, management level of Vietnamese enterprises is still low as compared to Singapore, Thailand, Indonesia,… The number of enterprises was unlikely to reach the set target of 1.5 million enterprises by 2025 while the quality of enterprises in value chains and global production networks were still limited, and have not yet taken full advantage of the opportunities brought by FTAs Based on above data, people assume that management level is one of the main negative aspects in Vietnamese business, especially in comparison to other developed nations From my perspective, I completely agree with this statement due to some reasons illustrated below Causes Firstly, it is undeniable that Vietnamese economy is still young and small when compared to other large-scale economies like Singapore, Korea, Japan, Indonesia, Malaysia, That’s the reason why our management levels are still uncompleted The immature economy requires Vietnamese businessmen and regulators much more time to perfect the organizational structure Secondly, I would mention one more reason that makes management levels in Vietnam disadvantageous That is the inconsonant training program at universities Our curriculum h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 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How people make capital of this awareness while they don’t understand it clearly? Strengths of management level in Vietnam Financial management We have to say that private companies have done their work quite well They run their business in a more effective way than public enterprises They rely on the purposes of business: the more hard-working people are, the more they can earn Profit directly drives workers’ motivation In Vietnam, there are over 25000 companies with 10000 billion in their funds as of September 2022 Labor management Through many years of developing the economy, the team of Vietnamese entrepreneurs has reached millions of people I’m glad to be informed that in 2021 we had entrepreneurs entered the global TOP "billionaires of dollars" and had 124 businesses with 283 products that are national brands h 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and recruiting or interviewing candidates offline, all steps can be done online Therefore, employees can work at home This method is both quick and convenient, but still effective Production management Private enterprises are sensitive to new trends and take advantage of them well They create new products that adapt to the public’s desires which changes all the time Thanks to their wiseness, the range of Vietnamese procducts has broaden and kept up with the global trends like environmentally-friendly packaging, healthy food, reuseable tools, vegan and cruelty-free cosmetics, h 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funds to a group of managers to shared business, and the consequence is that they conduct their own stuff, and then let the lower units take care of their own lives In many cases, the government is the nominal owner, but the real owner is someone else Moreover, the scale of many enterprises is rather small Of the 5,800 listed enterprises, state-owned enterprises under central management have a total business capital of about VND50,700 billion Local businesses are currently using capital of about 17,800 billion VND Last but not least, corruption is still happening in many fields with millions of dollars lost Many of the accused were senior managers of both public and private companies Mr Chu Ngoc Anh and Mr Nguyen Thanh Long were two members of the Party Central Committee were prosecuted and arrested on June for the crime refers to inflating COVID 19 test kit price h 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younger generations To meet needs of development in the digital era, we must keep up with the demand for IT human resources But the labor market in this field in Vietnam is always in a state of shortage of quantity and quality Specifically, in 2019, the number of IT human resources was about 90,000 people, which meant there was lack of 350,000 people; in 2020, the number of human resources was estimated to have a shortage of 100,000 employees while this industry needed about 400,000 people; in 2021 it needed 500,000 people and still had a shortage of 190,000 employees Meanwhile, training institutions are changing slowly, which leads to unability to meet the needs of the market h 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industry The production management efficiency of state-owned enterprises is much worse than that of private ones Products of state-owned enterprises are not highly competitive in the market 10 h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 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work enthusiastically or not In addition, the group of higher-level specialized software such as customer relationship management (CRM), supply chain management (SCM) and enterprise resource management (ERP) also began to be focused upon development Applying modern technology and the internet helps Vietnamese board optimize management activities 11 h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 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37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 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sentenced to death Thirdly, the process of integration in trade, investment and finance is quite fast, especially in terms of trade, which is rated as the largest openness economy among countries with over 10 million people; while not leading to economic instability Vietnam still maintains macro stability and financial security for a long time whereas other nations like Greek and Venezuela are in struggle for saving their economies Stable economic environment creates favourable conditions for the strong growth of all enterprises 13 h 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assessment, Vietnamese enterprises still have many limitations in risk management issues; information’s transparency; activities of the Board of Directors and the Supervisory Board In addition, good management level practices in recent times have added the assessment of environmental protection policies in the practice of production and business activities of enterprises This is a very new criterion for most Vietnamese businesses To be more detailed, most Vietnamese organizations are only interested in short-term economic benefits and not really care about environmental problems or sustainable development; while most of the Korean and Japanese brands specializing in natural cosmectics, construction, fashion, have shown special care towards protecting natural environment by producing recyclable packaging, reducing the amount of plastic bag, using plant-base ingredients, not testing products on animals, 15 h 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industry, there have been many points that need to be improved Since 1992, 190 oil spills have occurred in Vietnam Of which, there are 37 cases offshore accounting for 19%, 88 cases inshore accounting for 47% and 65 cases on land accounting for 34% Many reasons have been recorded, including machine failure, natural disasters, especially people awareness It is not difficult to come across a factory that is blatantly discharging oil waste into the environment This destroys our nature horribly About risk management issue, inflation in the world fluctuated, the dollar appreciated strongly, the Fed interest rate increased very high in recent months and geopolitical issues these events caused the prices of goods, materials and fuel to increase, putting certain pressure on domestic inflation Moreover, inflation in Western countries and the war 16 h 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37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 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incomplete disclosure of content In state-owned economic organizations, information disclosure and transparency still have many drawbacks Necessary information for corporate governance such as annual financial statements, interim financial statements have not been given strong attention The published information is still formal, mainly focus on the general introduction of the businesses, their products and services The responsibility for information disclosure is not clear, and the phenomenon of expropriation of responsibility instead of providing the required information is still happening There has been no close coordination between the owner’s representative who supervise the implementation of information disclosure and the person authorized to disclose information Furthermore, rules for violations against individuals and organizations in terms of publicity and transparency in economic groups are still light and not deterrent; there are no regulation to handle violations for individuals and organizations that not perform openly and transparently That’s the reasons why information transparency management is always an emerging problem for Vietnamese enterprises III- Proposed solutions Financial management Firstly, enhance liquidity of short-term assets People should carry out detailed monitoring of receivables, and classify debts in detail according to debt size and debt duration In addition, regularly updating the payment situation and compare debts with customers, urging the recovery of lingering and prolonged debts are essential duties that we need to 18 h 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37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 Secondly, improve business performance Entrepreuners can this by organize and manage the production and business process smoothly, minimizing useless time of machinery and equipment, such as downtime due to breaking down When this process is practiced simultaneously, it will help businesses take advantage of the capacity of the machines, improve labor productivity, and reduce production costs, leading to increased profits Thirdly, increase capital efficiency There are many ways that we can do: - Increase the lifetime of production equipment by increasing the actual working time of the machines following the design norms, improving the efficiency and quality of the repair work - Applying new technical measures, improving technological processes, organizing production in line and specializing, improving the quality of raw materials materials - Create trust for capital providers by improving the prestige of the business, stabilizing and rationalizing financial indicators, and paying debts on time Labor management - Applying performance management mechanisms on technology devices and software Applications such as accounting software, sales software, marketing software are useful tools for administrators To actualization this solution, leaders need to regularly update new professional knowledge and skills to adapt to the economy - Changing leadership models and applying new leadership skills will not only bring excellent employees but also form a healthy environment for personnel One of the best management models today is HR Tech - the application of technology in human resource management - Improving workers' qualifications by adding practical lessons in schools, promoting soft skills for students 19 h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 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media, newspapers, radio, and social networks These are fundamental methods for people and society to monitor and detect false information disclosure cases It is also a basis for competent authority to inspect, supervise, investigate and handle violations - Promote the supervision of information disclosure in economic groups It is necessary to have the involvement of competent authority in monitoring information disclosure activities and closely monitoring unusual information fluctuations and signs Risk management - Businesses need extensive knowledge and sensitivity to information about bank interest rates and foreign currency rates to deal with fluctuations in time - Consulting prices on the market to promptly get information about price fluctuations and propose solutions Besides, it is advisable to approach and consult many suppliers for diverse information on prices - Frequently update the political and economic situation to keep up with the economic trend of the country and research the laws to avoid risks related to the law and the economy of the country IV- Compare specific Vietnamese company to foreign enterprise In this part, I am going to compare Chinsu and Kewpie to point out Vietnamese business’s downsides in production management 20 h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 Chinsu is a famous brand of Masan Consumer, a prestigious company since 1996 Masan Consumer focuses on manufacturing and trading a wide range of foods and beverages like soy sauce, fish sauce, chili sauce, instant noodles, instant porridge, instant coffee, nutritious cereals, and bottled drinks It is the main branch that produces big brands such as MEAT Deli, Chin-Su, Nam Ngu, Tam Thai Tu, Omachi, Kokomi, Vinacafé, Wake Up 24/7, Kachi, Vinh Hao,… Masan's products have been trusted by Vietnamese people for many years For consecutive years, Chinsu has been in the Top Manufacturers owning the most selected brands in both urban and rural areas, winning the award "Vietnamese high-quality goods" for the 21st time in a row from the Business Association As high-quality Vietnamese goods, Chin-Su has become an undefeated name in the journey to fully conquer the hearts of Vietnamese consumers However, they were in trouble when conquering the Japanese market In April 2019, lot 18,000 Chinsu chili sauce products have been recalled by Japan due to the presence of benzoic acid - a banned substance in Japanese products In particular, Chinsu chili sauce currently contains from 0.41g/kg to 0.45g/kg of benzoic acid According to the international food standards committee (CODEX), benzoic acid is an approved substance to prevent mold in food and is approved for use in many countries (with right amount) Currently, people have not found a substitute, so they are still using benzoic acid in food Vietnam has complied with international standards However, some developed countries such as Japan, America, and Europe have distinct evaluation standards It does not mean 21 h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 that our chili sauce is dangerous for health, but, Masan should have examined Japan's food additive regulations more closely and adjusted the recipe The product recall has left a bad precedent for Vietnamese exports in the world market, affecting the company's reputation About Kewpie, this brand is the leading famous food corporation in Japan and has a long development history This enterprise was founded by Mr Nakashima Toichiro in 1919 in Japan The brand's power product is mayonnaise, but the brand also offers a wide variety of foods, especially dipping sauce and mixed sauce The products from Kewpie are appreciated for their quality Every product produced is thoroughly researched and rigorously tested With a closed production process and modern technology, the products of this brand always meet high-quality standards The raw materials used are all clean and safe Some materials are produced itself, so the quality of ingredients, food safety, and hygiene is guaranteed Therefore, many consumers choose Kewpie with peace of mind All ingredients are quality assured, including chicken diets to create the best quality eggs for production Every worker strictly follows the company's production regulations to create the safest products 22 h 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37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 REFERENCES Anh, H (2022, 16) Giải pháp quản trị nhân lực thời đại số Retrieved from Vnexpress: https://vnexpress.net/giai-phap-quan-tri-nhan-luc-trong-thoi-dai-so4476352.html Anh, T T (2021, 29) Công khai, minh bạch thơng tin tập đồn kinh tế Việt Nam Retrieved from Pháp lý: https://phaply.net.vn/cong-khai-minhbach-thong-tin-trong-tap-doan-kinh-te-o-viet-nam-hien-naya236573.html?fbclid=IwAR39iy0D2AulJW3atCZoqO6kFrUzy_HuolVhKqzbYS7hL4Qe1M65KKgxNo Cơ hội thách thức doanh nghiệp Việt Nam bối cảnh chuyển đổi số (2022, 27) Retrieved from Tạp chí tài online: https://tapchitaichinh.vn/cohoi-va-thach-thuc-doi-voi-doanh-nghiep-viet-nam-trong-boi-canh-chuyen-doiso.html Đại, P V (2018, 4) Thương mại Việt Nam: Độ mở cao, gia công nhiều Retrieved from Vietstock: https://vietstock.vn/2018/06/thuong-mai-viet-nam-domo-cang-cao-gia-cong-cang-nhieu-768-608656.htm Dung, P (2019, 17) Vụ tương ớt Chinsu bị thu hồi Nhật: Vì Nhật cấm, Việt Nam dùng? Retrieved from Lao động : https://laodong.vn/doanh-nghiep-doanhnhan/vu-tuong-ot-chinsu-bi-thu-hoi-o-nhat-vi-sao-nhat-cam-viet-nam-dung726467.ldo Giang, H (2022, 29) Thực trạng quản trị doanh nghiệp Việt Nam Retrieved from Vntrip: https://www.vntrip.vn/cam-nang/thuc-trang-quan-tridoanh-nghiep-o-viet-nam-hien-nay-120284 Ly, H (2022, 16) Thách thức quản trị rủi ro môi trường nhiều biến động Retrieved from Thời báo ngân hàng: https://thoibaonganhang.vn/thach-thuc-quantri-rui-ro-trong-moi-truong-nhieu-bien-dong-130242.html Minh bạch thơng tin thị trường chứng khốn Việt Nam: Thực trạng khuyến nghị sách (2022, 11 3) Retrieved from Tạp chí tài online: https://tapchitaichinh.vn/minh-bach-thong-tin-tren-thi-truong-chung-khoan-vietnam-thuc-trang-va-khuyen-nghi-chinh-sach.html Nhìn lại 12 đại án tham nhũng, kinh tế giai đoạn 2012-2022 (n.d.) Retrieved from Báo Dân Việt: https://danviet.vn/nhin-lai-12-dai-an-tham-nhung-kinh-te-trong-10-nam2022062804425177.htm 23 h 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.C.33.44.55.54.78.655.43.22.2.4.55.2237.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.66 37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.55.77.77.99.44.45.67.22.55.77.C.37.99.44.45.67.22.99