ASSIGNMENT 1 FRONT SHEET

Qualification BTEC Level 5 HND Diploma in Business

Unit number and title Unit 18: Global Business Environment (530)

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Student name Duong Phuong An Student ID GBH200468

Class GBH1004 Assessor name Hoang Van Tung

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Table of Contents
I, INTRODUCTION ......................................................................................................................................4
II, MAIN CONTENT ....................................................................................................................................4
1,Globalization and differens dimension ............................................................................................................ 4
1.1 Globalization’s concept.............................................................................................................................................. 4
1.2 Differens dimension .................................................................................................................................................. 4

2, Yip model ........................................................................................................................................................ 6

2.1 Drivers affecting the industry..................................................................................................................................... 6
2.2 Main opportunities and threats ................................................................................................................................. 7

3, The complexity of strategic challenges faced by organizations ....................................................................... 9

3.1 International trade laws ............................................................................................................................................ 9
3.2 Global economic........................................................................................................................................................ 9
PEST.............................................................................................................................................................................. 10
3.3 Supply chain ............................................................................................................................................................ 11

III, CONCLUSION ......................................................................................................................................11

IV, REFERENCES .......................................................................................................................................12
I, INTRODUCTION
The globe is rapidly undergoing the process of globalization, and as a result, nations are
becoming more integrated and cooperative with one another, and their economies are
becoming more and more diverse. The paper will examine how globalization has affected the
economy as well as the dynamics and difficulties facing the dairy sector, including the TH True
Milk and Yalkult fresh milk companies. The key cost, market, environmental, and competitive
factors influencing international trade and commerce will be the main focus of the report, which
will also explain the complexity of the strategic challenges that organizations face when
operating in a global environment and provide examples to support its claims.
Before selling the first product to the market in 1935, Professor, Doctor Minoru Shirota - the
father of Yakult spent 15 years researching in the laboratory. At that time, Japan was still a poor
country with limited nutritional knowledge, as well as rampant diseases. Shirota's dream is to
find a food that can enhance the health of the community. He found a way to grow that bacteria
(named Lactobacillus casei Shirota - L.casei Shirota) in a beverage with a distinctive and delicious
taste, which must be reasonably priced for everyone to have The first bottles of Yakult
fermented milk drink appeared in Fukuoka City, with more than 6.5 billion L.casei Shirota
bacteria contained in each bottle. Very quickly, this product was well received and soon
expanded to the whole of Japan, then gradually entered the world...Up to now, Yakult
fermented milk drink bottles have appeared in 39 countries and territories. , with more than 40
million bottles consumed per day (Yakutl, 2022).
TH True Milk, we all know it's full name is TH dairy food joint stock company, under the
management of TH Group. The enterprise was established based on financial advice from Bac A
Commercial Joint Stock Bank. Starting its business in 2010, TH True Milk always wants to aim to
produce clean fresh milk products in its true sense to consumers. Currently, the enterprise has
become a leader in the production of "clean" fresh milk, with a herd of up to 45,000 cows
imported and cared for under a special regime.TH True Milk products officially reached
consumers in December 2010. By 2013, this company has achieved billion revenue of
approximately VND 6,000. The revenue of 2013 alone reached 3,000 billion VND (TH, 2022).

II, MAIN CONTENT

1,Globalization and differens dimension
1.1 Globalization’s concept
Globalization is the term that is used to describe the growing interdependence between the world's economies,
cultures, and populations as a result of cross-border trade in goods and services, technology, and the flow of
people, investment, information, and investment capital (PIIE,2018).

1.2 Differens dimension

 Economic
Economic globalization refers to the growing interdependence of world economies due to the increasing size of
cross-border trade in goods and services, international capital flows, and the widespread spread and rapidity of
technology. It reflects the continuous expansion and integration of market frontiers, and is an irreversible trend
for economic development worldwide at the turn of the millennium. In other words, the rapid globalization of
world economies in recent years is mainly based on the rapid development of science and technology, stemming
from the lips of the increasing division of labor. Cross-border movement has been penetrating down the
production chain level in enterprises of different countries (Shangquan, 2000). The dairy industry in Vietnam,
efforts are being made day by day with the goal of globalizing the brand and bringing products to many
continents. For example, Vinamilk has increased its capital contribution to NZD 19.68 million (equivalent to
22.81% of the shares) to launch a new brand of sterilized fresh milk, Twin Cows, produced by Vinamilk in New
Zealand. To penetrate the US market, Vinamilk continued to spend 7 million USD to buy 70% of the shares of
Driftwood factory - the largest supplier of school milk in Southern California. Each year, Driftwood brings Vinamilk
about 2,000 billion VND. revenue co. The overwhelming domestic market share in the fresh milk and yogurt
segments, plus the goal of only developing the dairy industry, saying no to investment outside the industry has
helped Vinamilk have enough strength to accelerate the process of brand globalization. (Cand, 2016).
 Cultural
Cultural globalization, the phenomenon that experiences everyday life, is influenced by the prevalence of goods
and ideas, reflecting the standardization of cultural expressions around the world. Driven by the efficiency or
attractiveness of wireless communications, e-commerce, popular culture and international travel, globalization is
seen as a trend towards homogeneity that will eventually make the human experience essentially the same
everywhere. Although homogenous influences do exist, they cannot produce anything resembling a single world
culture (James, 2022). In such bartering processes, it is found that the goods sold by one village to another must
satisfy the needs or cultural quality requirements of another village. Broadly speaking, goods sold by one country
to another must contain the cultural quality requirements of another country. For example, in the world there are
many different yogurt lines with many flavors. Obviously, the manufacturer must study the consumption habits of
local people to adjust the product accordingly. in Vietnam has launched the product "sticky yogurt" released by
Vinamilk. This is a traditional product originating from the North of Vietnam. In the past, this dish was created by
indigenous people.
 Political
Political globalization refers to the strengthening and expansion of political relationships around the globe. The
‘political dimension of globalization’ raises political questions regarding state sovereignty and the question of
whether the nation-state can survive globalization. Increased social, economic and cultural connectivity has
facilitated migration in large numbers and across borders. Contemporary globalization has put pressure on
traditional forms of global governance by promoting the development of supra-territorial social spaces and
institutions that have shaken both traditional and political agreements. familiar cultural system (Steger, 2020).
Thus, political factors from abroad may cause difficulties for exporting enterprises. For example, in 2019 when the
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, the dairy industry
faced great competitive pressure on prices. Import tax on dairy products from New Zealand, Singapore , Japan will
cut down to 0%, making these product lines more competitive in price (Khanh,2019)
 Social
The social dimension of globalization refers to the impact of globalization on the lives and work of people, their
families and society. Concerns and issues are often raised about the impact of globalization on employment,
working conditions, income and social protection. In addition to the world of work, the social dimension includes
security, culture and identity, inclusion or exclusion and cohesion of family and community (ILO, 2003). Under the
impact of globalization, the lifestyle of Vietnamese people is now undergoing many changes. The introduction of
Western culture with new concepts of life values, lifestyles and lifestyles. Products such as milk, yogurt etc are all
imported from foreign cultures. Before the war, the Vietnamese did not have the concept of using ssanr products
such as yogurt.
2, Yip model
Yip proposes four groups of "industry globalization drivers" that underpin circumstances in each sector that have
the potential to make that business more globally competitive and, consequently, that might make a global
approach to strategy potentially viable (Lascu,1994). Market Drivers are more common customer needs and
tastes, global customer existence, and transferable marketing between different countries. Cost drivers are
economies of scale, convenient logistics, and country-specific differences. Government dynamics are many and
include removal of all tariff and non-tariff barriers, liberalization of trade policy, outlaw subsidies, restrictions on
property rights and technical standards. Compatible techniques for all industries. Competitive dynamics is the
global strategy of competitors and the interdependence of countries (Yip,1994).
2.1 Drivers affecting the industry
Market
According to the General Statistics Office, the country's liquid milk production in 2021 is estimated at more than
1,770 million liters, up 4.5% over the same period in 2020. In the two years 2020-2021, despite difficulties due to
the epidemic, but Vietnam's dairy market revenue in 2020 is estimated at 113,700 billion VND and in 2021 is
estimated at 119,300 billion VND. Growth in dairy revenue was mainly driven by two main segments: powdered
milk and liquid milk. Vietnam's dairy industry is gradually developing sustainably, in the direction of modernity,
synchronously from raw material production to finished products, capable of competing to actively integrate with
the region and the world, meeting the daily needs of consumers. increase in society (Chinhphu, 2022).
The dairy industry in Japan is much smaller than in the US. In 2020, Japan has 1.4 million cows and 14,000 herds
(9.4 million cows, 32,000 herds in the US). Annual milk production is about 16 billion lbs. (more than 200 billion
lbs. in the US), and half are processed for liquid milk (Hiroyuki,2021).
When looking for dairy products, there are two attributes that are taste and health benefits that the product
contains. Consumers won't want to trade off taste and nutrition. Products that are considered to offer both
without compromise will be associated with maximum value for money. This is exactly what the global customers
demand. Research by FMCG Gurus shows that 'rich in vitamins' is the most compelling functional claim in the dairy
industry, with 64% of global consumers stating this (Will, 2022).
Statistics on Yakult's website show that, currently, this fermented milk is consumed by more than 39 million
people daily in 38 countries around the world. To get to this result, the founder of Yakult took 13 years of
research. In the Vietnamese market, Yakult launches only one basic flavor, easy to drink, suitable for all ages. The
packaging of this milk company includes two types: batch 5 and batch 10, this is a reasonable packaging because
the shelf life of Yakult is short as well as strict storage conditions, which helps milk achieve the highest efficiency.
Products are always the core of every business, and a good product needs to meet the needs and desires of
customers, otherwise it will be lost market share or even eliminated from the market by competitors
(Hoang,2019).
Top 2 milk brands are most chosen by consumers, which confirms TH true MILK's position as the leading dairy
company in Vietnam, with international quality fresh milk products, trusted throughout 12 years. last year
(Tienphong, 2022).In the first 9 months of 2021, TH true MILK's market share in the liquid milk industry increased,
currently accounting for about 45%; total awareness of consumers with the brand is 100%. This shows that, in the
context of the COVID-19 epidemic, TH shows an advantage (VTV, 2021).
Based on the above factors, it can be seen that the global demand for milk is very high. The dairy industry is an
inevitable supply and has strong growth potential.
Goverment
Vietnam currently has diplomatic relations with 189/193 countries from all continents and has stable relations
with all the permanent member countries of the United Nations Security Council. Vietnam has 17 strategic
partners and 13 comprehensive partners. In 2020, Vietnam ratifies and implements the EU-Vietnam Free Trade
Agreement (EVFTA), participates in the signing of the Regional Comprehensive Economic Partnership (RCEP) and
signs more than 500 agreements. bilateral and multilateral agreements in many industrial fields. 71 countries have
previously certified Vietnam as having a market economy (Chinhphu, 2021).
Vietnam currently has diplomatic relations with 189/193 countries from all continents and has stable relations
with all the permanent member countries of the United Nations Security Council. Vietnam has 17 strategic
partners and 13 comprehensive partners. In 2020, Vietnam ratifies and implements the EU-Vietnam Free Trade
Agreement (EVFTA), participates in the signing of the Regional Comprehensive Economic Partnership (RCEP) and
signs more than 500 agreements. bilateral and multilateral agreements in many industrial fields. 71 countries have
previously certified Vietnam as having a market economy (Chinhphu, 2021).
This is considered a favorable time for the development of most industries, including the dairy industry. The
government has established various rules and taken a number of actions such as ensuring National Technical
Regulations to ensure safety. Besides, the government always supports businesses by encouraging expansion and
low tax rates (Tienphong, 2022).

Competition
Yogurt, fermented milk are very diverse in the market today. Although TH True Milk clearly identifies the
participating market segment as dairy products. But now there are many similar products on the market. Even
other companies will launch newer, superior products to compete and replace TH True Milk's products. Because
the old dairy companies are fully capable and capable when they have been involved in the dairy industry for a
long time. When the CPTPP comes into effect, the import tax on dairy products from New Zealand, Singapore and
Japan will be cut to 0%, making these product lines more price competitive. The challenge for dairy businesses is
very serious, because Vietnam has a hot and humid tropical climate, which is very unsuitable for dairy farming.
Product prices are high, making it difficult to compete with foreign products from Australia, New Zealand... (Hai,
2019). For example, businesses compete on quality and price, but also compete fiercely in marketing and
advertising. A face-to-face confrontation broke out in 2018 between Milo (Nestle) which is an international
business. Nutritional milk brands are often compared because they share the same chocolate flavor that children
love. In terms of price, a batch of 4 boxes of Milo 180ml is sold for 27,000 VND, compared to the price is not too
big of a difference (Cafef,2019). "Vietnam's milk arena" - the land is crowded, delicious dishes are difficult.

Cost
Global prices of milk and raw sugar (the two main ingredients of dairy producers) have increased from 2020 (the
first year of the Covid-19 pandemic era) to the present. The initial investment capital is large, the cost of investing
in cattle and livestock farms. The land rental price is quite high while the minimum requirement is 1,000m2/cow
for milking. Dairy cows are not "suffering" animals, so they need to be taken care of very carefully. Dairy farming
requires good irrigation system, reasonable barn and automatic milking system. The dairy cow's diet is very
demanding and the feeds need to be in the right proportions, otherwise it will be counterproductive. Rising fuel
prices also boosted logistics costs, leading to higher total selling costs, signaling lower business margins for dairy
producers. Logistics costs are one of the three largest expenses in the total selling costs of dairy producers, next to
A&P (Advertising & Promotion) costs and labor costs (Hang, 2011).

2.2 Main opportunities and threats

 Opportunities
Potential market
The report of the market research company EMR titled “Report and Outlook of the global dairy market in 2019-
2024” forecasts that the global milk and dairy products market will grow 2 .5% per year.Milk is an important part
of the food chain that people use every day. With a wide presence in various food items, milk is considered as a
microcosm of the food industry, as the dietary trends of dairy users largely also affect the food types. other
products. According to the EMR report, the dairy market is still being driven by the demand for milk in the world.
Despite facing many obstacles, the constantly increasing consumption demand helps the dairy processing industry
to receive a rather optimistic outlook in the coming time.
The global dairy products market size reached US$481.08 billion in 2019 and is expected to grow at a compound
annual growth rate (CAGR) of 2.5% from 2020 to 2027. Consumption growing dairy products and shifting
consumer preference from meat to milk to protein-enriched products are important drivers for the growth of this
market. The easy availability of dairy products due to modern retail facilities and cold chain logistics continue to
drive the market growth. Furthermore, significant product sales through online distribution channels during the
Covid-19 pandemic also supported market growth (grandviewresearch, 2018).

In Vietnam, TH is recognized as a pioneer in applying high technology to dairy farming and milk production, always
showing the leadership in innovation and new product development from clean fresh milk. completely from
nature. The geographical features and tropical climate interspersed with the temperate belt in Vietnam are very
favorable for the development of dairy cows. The grasslands such as Ha Tay, Moc Chau, Binh Duong... provide
abundant and abundant food sources and good growing conditions. The investment in the development of the
dairy industry not only creates favorable conditions for enterprises to develop production with low labor costs, but
also provides livelihoods for people who are underemployed and have low income, contributing to poverty
reduction, strengthening social security, linking business interests with the community. As a densely populated
country with a high population growth rate of about 1.2% per year, the dairy market in Vietnam has great
potential. GDP growth rate of 6-8%/year, per capita income increased by 14.2%/year, combined with the trend of
improving health and stature of Vietnamese people, makes the demand for products consumed. Milk always
keeps high growth rate. In 2010, the average Vietnamese person consumed about 15 liters of milk per year. It is
forecasted that by 2020, this number will nearly double, to 28 liters of milk/year/person (VBCF, 2022).
  Threats

Fast economic growth, a large market and an open and attractive investment environment are favorable
conditions for the development of the dairy market in Vietnam. However, in the Vietnamese market, brand
recognition is also a challenge for the fermented yogurt industry, currently Yakul is in the top 1 position in the
choice of customers, but domestic products in Vietnam as well as some imported fermented yogurt products
are also competing a lot (zafago, 2021).
Besides these favorable conditions, when entering the Vietnamese market, Yakult will also have to face many
challenges such as competition from big competitors, breeding techniques, technology lines, costs as well as
competition. such as policies and incentives from the government. The issue of food quality and safety also
greatly affects consumer psychology. Due to the lack of evaluation criteria and the lax milk quality control
process, many types of milk with unknown labels are still sold openly. Cases such as milk with Melamine, milk
with lower quality than announced ..., causing difficulties in milk consumption activities, significantly affecting
milk production enterprises (vbcsd, n.d)

3, The complexity of strategic challenges faced by organizations

3.1 International trade laws

A system of appropriate viewpoints, goals, principles, tools and measures that the State uses to regulate
international trade activities of each country in a certain period in order to achieve the objectives in the war.
socio-economic development strategy of that country (legalcareer, 2022). Countries and corporations must follow
international trade laws to transact business internationally. Investors are facilitated through a series of
preferential policies of the State. To illustrate, the food industry currently enjoys special investment incentives
such as corporate income tax; Exemption from import tax on fixed assets; raw materials and components that
cannot be produced domestically, must be imported for production; Exemption from land rent and water surface
rent for 3-15 years; Prioritize projects with advanced, environmentally friendly technology, high added value,
ensuring national development, sustainability and environmental protection... (bankingplus, 2019).

3.2 Global economic

Global economy can be defined as the sum of activities that take place both within a country and between
different countries. Each country is a separate unit, with its own industrial production, labor market, financial
market, resources and environment. The globalization enabled and enhanced the development of international
trade, finance or migration of labor force, which are the examplary areas, where countries need to find common
solutions and cooperate with one another. One of the effects of the globalization is that drastic changes in one
country influence other countries. Brexit has not only changed the situation in Great Britain, but in the whole
European Union as well (statists,2022). Example: Changes to the business environment due to the COVID-19
pandemic pose a greater risk than management anticipated. However, many corporations have significantly
modified their business models and profit structures for "new normal" conditions. The lack of lockdowns and the
reluctance to buy dairy products have had a significant impact on the dairy industry, forcing some manufacturers
to reduce production at their factories. For example, TH True Milk actively develops an e-commerce channel
combining e-commerce platforms and professional delivery partners. full range of products, from TH true MILK
branded fresh milk to healthy food and beverage lines. Especially, TH promotes online sales channels to make it
more convenient for consumers in the context. According to TH's representative, in the first 6 months of 2021,
TH's e-commerce channels have grown by more than 90% compared to the same period in 2020 (Trung, 2021).
Joining hands to prevent and control the COVID-19 epidemic, TH Group expands its e-commerce channel.
PEST
Political
One of the important factors helping Vietnam to continue its economic development strategy is political stability.
Vietnam is a peaceful and wealthy country thanks to its stable political environment. It can be said that the
relationship between economic development and political stability has always been the core, most important
issue and throughout the process of renovation and development in Vietnam. Foreign contractors register for VAT
and pay VAT by the credit method, but CIT is paid at the tax rate according to the direct method on gross revenue.
To apply this method, foreign contractors need to meet certain conditions. For direct (non-deduction-method)
foreign contractors, VAT and CIT will be withheld by the contracting party at supposed rates. Various rates are
specified according to the nature of the contract performed. For CIT, the FCT rate varies from 0.1% to 10%. For
VAT, the FCT rate can also range from 2% to 5%. The VAT withheld by the contracting party is an allowable input
credit in its VAT return (GOV,2021).

Economic
Economic reforms since 1986 combined with favorable global trends have rapidly helped Vietnam grow from one
of the poorest countries in the world to a low-middle-income country within a short period of time. generation.
From 2002 to 2020, GDP per capita increased 3.6 times, reaching nearly 3,700 USD. The poverty rate (according to
the standard of 3.65 USD/day, according to the PPP in 2017) decreased from more than 14% in 2010 to 3.8% in
2020. Thanks to a solid foundation, Vietnam's economy has shown strength. resilient during periods of crisis, most
recently the COVID-19 pandemic. GDP growth slows by 2.6% in 2021 due to the emergence of a Delta variant of
the Sars-CoV-2 virus and is expected to recover to 7.2% in 2022 and 6.7% in 2023 (worldbank, 2022).

Social
The labor force aged 15 and over in the third quarter of 2022 was 51.9 million people, an increase of more than
0.2 million people compared to the previous quarter and especially an increase of nearly 2.8 million people over
the same period last year. In Vietnam, the average age of the labor force is under 30 years old and more than one
million young people of working age each year. Therefore, it can be affirmed that Vietnam's labor market is in the
golden phase. However, the quality and structure of Vietnam's human resources currently do not meet the
requirements of the labor market, and the qualifications and skills of workers are still limited compared to other
countries in the world. Vietnam currently lacks a team of good managers, experts and good business managers,
and skilled workers for key economic sectors, key economic regions. Human resources for science and technology
are still lacking and weak. These limitations have hindered the contribution of human resources to rapid and
sustainable economic growth. In particular, with low labor skills, it will be difficult to move to high value-added
industries and stages to increase labor productivity and catch up with other countries in the region and the world
(Nga, 2022).

Technology
The application of science and technology has created conditions to promote the growth of important industrial
sectors and fields, improve the competitiveness of Vietnamese goods, and meet consumer demand in the
domestic and international markets. . According to Ms. Thai Huong, Chairman of TH Group, it is necessary to have
policies for enterprises to invest in high technology in agriculture. "When enterprises are allocated farmland, they
will effectively manage and create stable employment conditions for farm workers and their children. By 2020, TH
true MILK will guarantee to supply up to 50% of the supply. fresh milk production instead of 15% of the current
production", Ms. Huong shared. According to the data of the Vietnam Dairy Association, by 2012, Vietnam's dairy
market reached a value of 2 billion USD, of which up to 1 billion USD was imported, the rest was divided equally
among domestic dairy enterprises. Domestic enterprises can only meet 30% of the market demand, the remaining
70% is imported powdered milk and then converted into liquid milk. This situation has persisted for many years
while Vietnam continues to be a dairy market with a growth rate of 15-20% per year (KHCN, 2014).
Environmental
According to statistics of the Ministry of Agriculture and Rural Development on livestock, there are about 12
million households with livestock activities and 23,500 concentrated livestock farms. Every year, the volume of
waste sources discharged from livestock into the environment is a huge number - about 84.5 million tons/year, of
which, only about 20% is used efficiently (as biogas, composting, etc.). raising worms, feeding fish, etc.), the
remaining 80% of livestock waste was wasted and most of it was discharged into the environment causing
pollution. The current national technical regulations on livestock wastewater are too high compared to the
practical application of current environmental treatment technology. Therefore, foreign companies should
research and come up with ways to treat waste so as not to cause environmental damage (Hinh, 2013).
Legal
In Vietnam, labor laws are also introduced for the purpose of protecting workers and businesses working in
Vietnam. There are basic terms such as An employee is a person who works for the employer under an agreement,
is paid a salary and is subject to the management, administration and supervision of the employer. Discrimination
in labor is an act of discrimination, exclusion or preference based on race, color, or national origin as defined in
Article 3 of the 2019 Labor Code. For the state, it must ensure rights and interests. legitimate interests of the
employer, manage labor in accordance with the law, democracy, fairness, civilization and enhance social
responsibility. Having policies to develop the labor market, diversify forms of connecting labor supply and demand
(Labour Law, 2019).
3.3 Supply chain
In commerce, global supply chain management is defined as the distribution of goods and services across a global
network of transnational companies in order to maximize profits and minimize waste. Global supply chain
management is one of the most important areas of business (Prologis, 2022).

III, CONCLUSION
TH True Milk and Yakutl enterprises, the effects of globalization in the post-pandemic climate, and the
management of prior firms have all been fully covered in the study piece. Through economic growth and
expanding access for people throughout the world to a greater range of goods and services at more affordable
prices and costs, globalization will enable development and production improvement. In summary, globalization is
a historical development trend that cannot be stopped for both objective and arbitrary reasons, and it affects all
nations in both good and bad ways. The tendency of globalization is unavoidable. The problem for nations is to
figure out how to successfully address both the challenges posed and the possibilities produced by this process.
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 Index of comments

1.1 Failed

1.2 Failed

2.1 Strengths:

The concept globalization in terms of economic, cultural, political and social dimensions has been introduced.

Key factors of cost, market, environment and competition that drive global commerce and trade were briefly
introduced. (P1)

Benefits and challenges of these factors in the context off dairy industry have been explained. (M1)

International trade laws were briefly introduced. (P2)

Global economics & PESTLE were analysed. (P2)

Weaknesses and recommendation:

Student should elaborate more on the globalization's dimensions.

YIP model's analysis should focus on Yakult & the dairy industry. Student should explore Yakult's competitors
instead of TH's ones. (P1)

PESTLE should focus on your chosen industry / company.

Student should elaborate more on International trade laws and provide relevant frameworks. (P2)

Please focus your analysis on your chosen industry and the Japanese company, not the Vietnamese company.

Conclusion could be done better. Student should summarize your findings.

2.2 Van Tung Hoang

2.3 Refer

2.4 19/11/2022

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