Wednesday, November 6, 2013

Learning English through Topic:State Owned versus Private & Foreign Owned Companies ( topic for 10/11 Sunday morning club)

Have you considered if you should choose state, private or foreign invested enterprises? Come and share your thought at 9.30 a.m -11 a.m on 10/11 at Lesh English Center.





State Owned versus Private & Foreign Owned Companies

Before 1986, there were no private enterprises operating in Vietnam, apart from family firms that did not have other employees as laborers. Đổi Mới is the name given to the economic reforms initiated in Vietnam with the goal of creating a "socialist-oriented market economy".
State-Owned Enterprises are created by the government in order to take part in commercial activities on the government's behalf. A state-owned enterprise can be either wholly or partially owned by a government and is typically identified to participate in commercial activities.
Private-Owned Enterprises are businesses owned by one or more individuals for the common goal of making a profit and refers to any business not owned by the state.
Foreign direct investment is a direct investment into production or business in a country by an individual or company in another country, either by buying a company in the target country or by expanding operations of an existing business in that country. 
An increasing number of private and foreign companies are creating employment opportunities for young adults who must decide whether to work for them or to work for the state.


Questions:


1. Can you name some foreign invested enterprises in Vietnam?

2. What are some differences between working in state enterprises, private and foreign companies?
3. Which kind of company do you prefer to work for? Why?
4. In order to be employed by state enterprises, what criteria are you required to have?
5. In order to be employed by private enterprises, what criteria are you required to have?
6. In order to be employed by foreign enterprises, what criteria are you required to have?
7. Do employees of all receive the same health insurance and pension (society card) benefits? Are these important to you?
8. Why do you think many foreign enterprises have chosen Vietnam as an ideal location to do business? 
9. What are some advantages and disadvantages when a country allows many foreign enterprises to operate?

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