1. “What is meant by the term ‘globalization’?

Illustrate your answer with references to your chosen organization or industry.”

Velho (1997) has spoken of globalization as an object, a perspective, and a horizon. So,
globalization is defined as a set of theories that provide researchers with conceptual tools for
analyzing and understanding current economic, cultural, and technological changes and a process
and a phenomenon.
It can be seen that Vinfast is promoting the application of AI (artificial intelligence) and the
Internet of Things in the assembly and production process to ensure that all risks minimize. In
addition, the company also focused resources on the R&D department. It appointed Mr. Michael
Lohscheller - who used to hold the position of Vice President of Volkswagen USA, to be the
General Director of Vinfast.
The purpose of this technology development and human resource expansion is to help Vinfast
quickly integrate with the worldwide auto market, helping Vinfast's car lines to attract more
customers. Besides other long-standing car models such as Toyota and Hyundai.
2. What are the main indicators of globalization?
Illustrate your answer with references to your chosen organization or industry.
 International trade is the exchange of goods and services between countries.
The US, Canada, France, the Netherlands, and Germany are five critical markets in VinFast's
business expansion plan from the very beginning. To reach the area, VinFast has urgently
established a business platform in the host countries. In terms of business strategy, VinFast has
built a plan suitable to the characteristics of each market to be able to export cars that meet the
standards of each country. In parallel with market expansion, VinFast also promotes international
cooperation to improve product quality and class. The company's strategic partners are currently
leading names in the technology and automotive industry, such as Pininfarina, ZF, Durr, Bosch,
ABB, Faurecia, Dassault,...