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INTERNAfloNAL BugrNEaS ScHooL. VTtrNATvt TRADE UNION TOURISM COMFAIIÍY
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, Table of content
, ExecutiveSummary 4
Table of lllustration 7
t Abbreviations 8
t Part I: Introduction 9
l. Vietnamandthe tourismindustry 10
t Ll Vietnam'sTourismPotential l0
1.2 The structureof Viebramtourismindustrv l2
I 1.2.1The structure t2
I.2.2 The financial structure l3
I 1.3 Currentsituation T4
2 Introductionto the topic t5
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Part II: The researchapproach 19
{ 20
l. Introduction
,t 2. Methodology 20
2.I Research process 20
J 2.2 ResearchObjectives& Researchquestions 22
2.2.I Research Objectives 22
J 2.2.2ResearchQuestions 22
2.3 Researchphilosophy 23
J 2.4 Researchapproach 24
2.4.I Secondaryresearch 24
t 2.4.2Pnmaryresearch 25
2.4.3Research strategy 25
t 2.5 Time planning 26
2.5.1 Preparation phase 27
t 2.5.2Researching phase 27
2.5.3Reviewingphase 28
t 29
2.5.4 Finalizationphase
t 2.5.5 Defensepreparation 29
2.6 Reliabiliry &Validity 30
tJ 2.7 Limitation 30
3. Reportstructure 31
tJ 4. Conclusion 32
tJ Part III: The connectionbetweenFDI and the tourism industry 33
1. Introduction 34
tJ
2. Therole of FDI 34
t, 2.1 The impacton Viebrameconomy 34
2.2 The impactof FDI on tourism 35
t 2.2.1Positiveimpacts 36
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2.Z.2Negativeimpacts
3. FDI developmenttrend
37
38
4. FDI concentration 39
Ë1- 4.1 Investor'sgoal & decisionin tourism 40
4.2 Structureof FDI 42
(- 4.2.1Jont Venture 42
4.2.2F oreígnownedcapital 42
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4.2.3BusinessCooperation 42
5. Conclusion 43

Part IV - Problem analysis 44

1. Introduction 45
2. Problemanalysis 45
2.1 Overview- Competitiveness of VietnamTourism 45
2.2 High costof doingbusinessin Vietnam 46
2.3 Complicatedbusinesslaunchingprocess& immaturepaymentsystem 46
2.3.1 Complicatedprocedure 47
2.3.2Paymentmethodsystem 47
2.4 Cashshortagefor promotionand advertising 48
2.5 Unstructuredandunprofessionallaborforce 49
2.6 An inadequatesystemof businesslaws andpolicies 49
2.7 Insufficientmanagement information 50
o 2.8 Communistbureaucracy 5l
3. Conclusion 51
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o Part V - Solutions/Recommendation
l. Introduction
52
53
J 2. Solutionsfor the legal issue 53
2.1 Creatingeffectivecombinationbetweenthe law on foreign investmentand
t the law on tourism 53
2 .2 Implementingthe Law on Tourism 54
a 3 . Clarification& Specificationfor foreigninvestment 54
3 . 1 . Orientationsin Tourismterritory 54
I 3 . 2 Tourist accommodationinvestmentclarification 56
J.J Infrastructureinvestmentclarification 56
J 3 .4 Clarificationof investmentfor the developmentof touristresortsand
tourist spots 57
L 3 . 5 Clarificationfor investmentin tourismservice 57
L 4. Humanresourcesdevelopmentstrategy 57
4 . r Differentiateeconomyjobs andindustryjob 58
c 4.2 Employ foreignworkersto promotetourism
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+.3 Setup tourismtraining and educationplansfor local people
58
58
t 4.4 Balancingthe labor force 60
5 . WTO is a solution 6l
t 6 . Strengthening cooperationin tourismdevelopment
6 . 1 The goal ofcooperation 62
r- 6.2 Internalcooperation 63
6 . 3 Externalcooperation 63
r- Tourismpromotion 64
8 . Simpliff the investmentlicensingprocedure 64
t 8 . 1 Time launchingreduction 65
L 8 . 2 The procedurelaunchingsimpli$ing 65
9. Informationmanagement systemfor tourism 66
L 9 . 1 IT applicationfor tourism 66
9.2 Economicimpactsmethod 66
L 9 . 2 . 1Tourism Satelliteaccountingmethod 66
9 . 2 . 2Input-output(I-O) model 66
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9.2.3Visitor Surveys 67
10. Managerialsolutions 67
l0.l Renewingthetourismmanagement policy 67
10.2 Financialreportingstandardfor tourismorganizations 67
I l. Conclusion 67

Part VI: Implementationof the company 68

l. Introduction 69
2 Implementationapproach 69
2.1 Workingunderthe law 69
2.2 Beingfocus 69
2.3 Trainingprogram 69
2.4 Being cooperative 69
2.5 Promotionimprovement 69
2.6 Employingthe informationmanagementsystemandapplyingthe standard
financialreportingsystem 70
3. Conclusion 70

Part VII: Bibliography 7l

1. Websites 72
2. Books& Magazines 73

Part VIII: Appendices 74

Appendix 1: ProjectAgreement 75
Appendix2: The interviews 86
Appendix 3: CulturalTourismProducts r47
Appendix4: Applicationprocedurefor FDI businessform 148
Appendix 5: Law on ForeignInvestment 152
Appendix 6: FDI in Vietnam 179
Appendix 7: FDI in Tourism 181
Appendix8: Comparison of Businesscosts l8s
Appendix9: The businesslaunchingprocessranking 187
Appendix 10: Threerevisionof the law on tourism 193
Appendixl1: FDI projectsfor touristaccommodation200T-2010 194
Appendix l2: Tourismmasterplan for touristresortsandtourist spots 197
Appendix13:Tourismservice r99
Appendix14:WTO 200
Appendix l5: InternalTourismCooperation 210
Appendix 16: ExternalTourismCooperation 214
Appendix l7: Tourismpromotioncampaign 228
Appendix l8: Vietnam-Thehiddencharm 231
Appendix l9: EconomicImpacts-Methods for tourism information management232
Appendix20: Tourismrisk management 23s
Appendix21: TourismRisks 237
Appendix22: Ctctlation of Tax 237
Appendix23: VTUT financialreporting 237
Appendix24: Hotel SectorAnnual report2006 237
Appendix25: Tourismannualreport2006 237
Appendix26: RealTravel & Tourismspending2001-2006 237
Appendix27:The2007Travel& Tourismeconomicresearch -WTTC 237

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