International Journal of Foreign Trade and International Business
2019, Vol. 1, Issue 2, Part A
Advantages and difficulties in Vietnamese-Japanese and Vietnamese-German joint venture
Dr. Nguyen Hoang Tien
Joint venture is considered an effective and necessary measure to penetrate new markets. In some markets where there is limited investment from outside, joint ventures may be the only way to reach the market. This paper analyzes the reality of foreign joint ventures in Vietnam, particularly between domestic enterprises and enterprises from Japan and Germany. Besides the benefits, there are always challenges and risks in the process of cooperation. By research methods as well as consultation with scientific articles, information on the Internet, the article will make suggestions as well as solutions to overcome difficulties in the process of integration and bilateral cooperation.