E ISSN: 2583-049X
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International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 2, 2023

Strategic planning of state own companies in Vietnam



Author(s): Nguyen Le Vuong Ngoc, Le Thi Nam Phuong, Nguyen Huynh Phuong Thao

Abstract:

Vietnam's economy is integrating with the world economy in the region and the world. The business environment of enterprises is more open - but the competition is becoming more and more fierce. This has just created creates business opportunities, but also contains potential dangers that threaten the development of businesses. Therefore, it is not enough for a business to survive, but it needs to develop and develop continuously. Besides the advantages of opening the economy, we have to face many difficulties from the outside when foreign goods enter our country's market, leading to competition. In such conditions, the problem for companies is how to have better solutions to overcome and dominate the market. And the problem of building business strategies for companies is becoming more and more important and urgent, because it determines the success or failure of a company. Because, strategic planning in the business is not only important, but means the survival and survival of a business in the market. Modern strategic management helps businesses clarify the importance of paying more attention to environmental analysis and planning strategies related to environmental conditions.


Keywords: Strategic Planning, State Own Firms, Vietnam, Strategic Management

Pages: 641-649

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