Easy tips / July 3, 2019

What are the business practices in Vietnam?

Business customs in Vietnam: 1) The Vietnamese are punctual and expect others to be so to. 2) Handshakes are used upon meeting and departing. Handshakes only usually take place between members of the same sex. 3) Some Vietnamese use a two-handed shake, with the left hand on top of the right wrist.

What are some cultural practices in Vietnam?

Traditions & Customs in Vietnam

Ancestor Worship.
Burning votive paper.
Animist beliefs.
God of Wealth Worship in business.
Visiting the pagoda by the beginning of year.
Lunar New Year reunion (Tet holiday)

What is valued in Vietnamese culture?

Vietnamese cultural values emphasize the importance of family and community. Its core values, which embrace the principles of Confucianism, are harmony, duty, honor, respect, education and allegiance to the family.

Is it easy to do business in Vietnam?

Vietnam is home to quite a stable credit environment, and obtaining capital is a relatively smooth process for businesses. However, the lack of a private credit bureau can make the process a little trickier for overseas firms.

What is the culture of a business?

What is Company Culture? Company culture can be defined as a set of shared values, goals, attitudes and practices that characterize an organization. It’s the way people feel about the work they do, the values they believe in, where they see the company going and what they’re doing to get it there.

How do you greet in Vietnamese business?

You should greet Vietnamese business clients by saying Xin chao + given name + title. Since Vietnamese is a tonal language, the way you pronounce Xin Chao could have six meanings.

What is unique about Vietnam culture?

Part of the East Asian cultural sphere, Vietnamese culture has certain characteristic features including ancestor veneration and worship, respect for community and family values, and manual labor religious belief. Important cultural symbols include 4 holy animals: Dragons, Turtles, Phoenix, Unicorn.

What is considered rude in Vietnam culture?

Palm down when you call someone over The usual gesture to call people over — open hand, palm up — is considered rude in Vietnam. It’s how people call for dogs here. To show respect, point your palm face down instead. And you also shouldn’t call someone over when they’re older than you.

Is Vietnam good to do business?

Some of the key elements that make Vietnam an attractive location for business development include the low cost to start a business, regulations that encourage foreign investment and it’s government’s openness to the global economy, its strategic location with direct access to some of the world’s main shipping routes.

What are the risks of doing business in Vietnam?

Corruption remains an issue in Vietnam. Anyone doing business in the country is likely to encounter, or hear of, corruption in one form or another. Practices such as facilitation payments, bribes and giving and receiving expensive gifts in order to develop business relationships are still a problem in certain places.

What are 5 examples of culture?

The following are illustrative examples of traditional culture.

Norms. Norms are informal, unwritten rules that govern social behaviors.
Languages.
Festivals.
Rituals & Ceremony.
Holidays.
Pastimes.
Food.
Architecture.

Does Vietnam have their own culture?

The culture of Vietnam has acquired the quintessence of other cultures while keeping its own features. Vietnamese culture is diverse. Vietnam has 54 ethnic groups. The most populated group is Kinh people. They mainly inhabit the Red River delta with the famous Red River civilization. Other ethnics groups are scattered over mountain areas.

What is Vietnamese culture like?

The culture of Vietnam is distinct from those of its neighbors Cambodia, Laos and China – although it draws influences from all of these. At the core of Vietnamese culture is an agricultural sensibility, developed over thousands of years of wet farming rice.

What are some Vietnamese traditions?

7 Traditions Only Vietnamese People Can Understand Celebrating a baby’s first month. Celebrating a one-month-old baby is like commemorating a president’s first 100 days in office. Eating boiled chicken. Choosing a custom phone number. Asking personal questions. “Inviting” everyone to eat before a meal. Playing English-language songs for holidays and anniversaries. Talking on the phone.

What is Vietnamese culture?

The Vietnamese culture is one of the oldest in Southeast Asia and is heavily influenced by the Chinese culture. After Vietnam attained independence from China in the 10th century, the country began to expand southwards which led to the incorporation of elements of the Champa and Khmer cultures into the Vietnamese culture.