Breakthrough in the Development of Vietnamese Business in Order to Grow Rapidly and Sustainably

Abstract

In the context of globalization and industrial revolution 4.0 (FIR), it is difficult to develop a national enterprise system to help the economy in the lower middle income group grow fast and sustainably. It is more difficult when that task is carried out in a country whose growth model has not had a solid foundation, to go in the right direction without any “deviation” or “discoloration". It is a breakthrough that must be chosen, with the nature of a "fundamental" stage that needs to be influenced, and this stage in Vietnam has developed significantly. However, it still has many limitations and weaknesses that, for many reasons, have not been overcome not easily. Nevertheless in the face of huge and urgent business development needs, it is possible to base on free trade agreements (FTAs), export commodities, FIR, and real-world fluctuations, to create a breakthrough business development. In particular, it is necessary to renew thinking techniques and developing methods of three business sectors, overcome difficulties, obstacles, exploit and make use of open opportunities to develop businesses. At the same time, it is necessary to ponder and apply deeper Korea's experience, rectify and mitigate risks according to warnings from China's economy and business development practices. Together with focusing on overcoming other indirect obstacles, then the mission of developing business in Vietnam, though very difficult, will be successful and full of hope to contribute much to the prosperity of the country...

Keywords: breakthrough, business, deviation, discoloration, prosperity

DOI: 10.7176/EJBM/11-9-19

Publication date:March 31^st 2019