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Insurance Services in Vietnam

Title:

Insurance Services in Vietnam: A Strategic Entry Report, 2000

Date Published: 2000-10-11
Pages: 157
ISBN: 0741825074
   
About the Author(s)/Editor(s)
Philip M. Parker
Eli Lilly Chair Professor in Innovation, Business and Society
INSEAD (Fontainebleau, France & Singapore)

Philip M. Parker is the Eli Lilly Chair Professor of Innovation, Business and Society at INSEAD (Fontainebleau, France and Singapore). He has been a professor there since 1988 where he teaches graduate and doctoral-level courses on global competitive strategy and research methodology. He has taught courses at Harvard University (HBS), the Hong Kong University of Science and Technology, Stanford University (GSB), the Massachusetts Institute of Technology (MIT Sloan School) and UCLA (Anderson School). Dr. Parker received his Ph.D. in Business Economics from the Wharton School at the University of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille, France) and Managerial Economics (Wharton). His undergraduate degrees are in mathematics and economics. Some of his work and methodologies applied in this study were financially supported by the Research and Development Committee at INSEAD which is gratefully acknowledged.

About the Series
This series helps international managers expand to various country markets around the world. Each report is a broad study of a particular product market, but also gives information useful for entry strategies (trend analysis, marketing, production, finance, and distribution strategy). Each study provides ample statistics on market size and trends, as well as various economic statistics cover human resources and cross-cultural management.
Contents
1 INTRODUCTION & METHODOLOGY
        1.1 What does this report cover?
        1.2 Evaluating Vietnam
        1.3 Latent Demand and Accessibility in Vietnam
2 INSURANCE SERVICES
        2.1 Latent Demand and Accessibility: Background
        2.2 Latent Demand: Aspects of Interest
        2.2.1 Market Profile
        2.3 Accessibility: the structure of competition
        2.3.1 Local Production
        2.3.2 Target Buyers
        2.4 Accessibility: Key Factors
        2.4.1 Import Climate
        2.5 Key Contacts
        2.5.1 Insurance Companies
        2.5.2 Governmental Contacts
        2.5.3 Other Useful Contacts
3 THE ECONOMICS OF LATENT DEMAND IN VIETNAM
        3.1 Executive Summary
        3.2 Economic Issues in Vietnam
        3.2.1 Leading Growth Sectors
        3.2.2 Government Role in the Economy
        3.2.3 Foreign Financing
        3.2.4 Trade Agreements
        3.2.5 Labor
4 EXPORT ACCESSIBILITY IN VIETNAM
        4.1 Executive Summary
        4.2 Exporting to Vietnam
        4.2.1 Entering Temporary Imports
        4.2.2 Special Import/Export Requirements and Certifications
        4.2.3 Labeling, Marking Requirements
        4.2.4 Restrictions on Imports
        4.2.5 Warranty and Non-Warranty Repair
        4.2.6 Standards
        4.2.7 EPZ and IZ
        4.2.8 Bonded Warehouses
        4.2.9 Membership in Free Trade Arrangements
        4.2.10 Banking System
        4.2.11 Exchange Control Risks
        4.2.12 How to Finance Exports/Methods of Payment
        4.2.13 Types of Available Export and Project Financing
        4.2.14 Co-Investment Sources
        4.2.15 Trade Regime
        4.2.16 Tariff Code
        4.2.17 Formal Tariffs Rate
        4.2.18 Value Added Tax (VAT)
        4.2.19 Excise Taxes
        4.2.20 Import Quotas
        4.2.21 Trade Regime Developments
        4.2.22 Valuations on Imports
        4.2.23 Customs Procedures
        4.2.24 Licenses Required for Imports
        4.2.25 Controls on Exports
        4.2.26 Documentation Required for Trade
5 DIRECT INVESTMENT ACCESSIBILITY IN VIETNAM
        5.1 Executive Summary: Infrastructure
        5.2 Executive Summary: Natural Resources
        5.3 Executive Summary: Industry
        5.4 Direct Investment in Vietnam
        5.4.1 Attitudes Toward Foreign Direct Investment
        5.4.2 Trade Regulations
        5.4.3 Primary Forms of Investment for Foreigners in Vietnam
        5.4.4 MPI and MOT
        5.4.5 Conversion and Transfer Policies
        5.4.6 Expropriation Risks
        5.4.7 Dispute Settlement Risks
        5.4.8 Performance Requirements/Incentives
        5.4.9 Private Property Risks
        5.4.10 Protection of Property Rights
        5.4.11 Transparency of the Regulatory System
        5.4.12 Efficient Capital Markets and Portfolio Investment
        5.4.13 Political Violence Risks
        5.4.14 Corruption Risks
        5.4.15 Bilateral Investment Agreements
        5.4.16 The Local Labor Market
        5.4.17 Foreign Trade Zones & Free Ports
6 MARKETING & DISTRIBUTION IN VIETNAM
        6.1 Executive Summary
        6.2 Marketing and Distribution in Vietnam
        6.2.1 Legal Constraints
        6.2.2 Distribution Channels
        6.2.3 Importing and Exporting
        6.2.4 Wholesale
        6.2.5 Alternatives
        6.2.6 Agents/Distributors
        6.2.7 Franchising Activities
        6.2.8 Direct Marketing Options
        6.2.9 Scope of Joint Ventures
        6.2.10 Potential Vietnamese Partners
        6.2.11 Technology Transfers
        6.2.12 Steps To Establishing A Commercial Office
        6.2.13 Tax Considerations
        6.2.14 Other Considerations
        6.2.15 Application Procedures
        6.2.16 Development of Consumerism
        6.2.17 Market Segmentation
        6.2.18 Product Information
        6.2.19 Development of the Advertising Industry
        6.2.20 Advertising Trends
        6.2.21 Television
        6.2.22 Print Media
        6.2.23 Outdoor Advertising
        6.2.24 Radio
        6.2.25 Trade Fairs
        6.2.26 Pricing the Product
        6.2.27 Supplying Customer Service
        6.2.28 Public Sector Marketing
        6.2.29 Bids for Government Purchases
        6.2.30 Intellectual Property Risks
        6.2.31 Trademarks
        6.2.32 Copyrights
        6.2.33 Inventions (Patents) and Industrial Designs
        6.2.34 Need For A Local Attorney
        6.2.35 Performing Due Diligence
7 HUMAN RESOURCE ASSESSMENT IN VIETNAM
        7.1 Executive Summary
        7.2 Human Resources in Vietnam
        7.2.1 Unionization in Vietnam
        7.2.2 Collective Bargaining in Vietnam
        7.2.3 Workweek and Minimum Wages in Vietnam
        7.2.4 Forced Labor in Vietnam
        7.2.5 Working Ages and Child Labor in Vietnam
8 POLITICAL RISK ASSESSMENT IN VIETNAM
        8.1 Executive Summary: Government
        8.2 Executive Summary: Military Organization
        8.3 Democracy in Vietnam
        8.4 Political Issues in Vietnam
        8.4.1 Politics and the Business Environment
        8.4.2 Political System
9 LEGAL RISK ASSESSMENT IN VIETNAM
        9.1 Executive Summary
        9.2 Legal Issues in Vietnam
        9.2.1 Privacy, Search and Seizure
        9.2.2 Trial Justice in Vietnam
        9.2.3 Excessive Punishment in Vietnam
10 CULTURAL AND DEMOGRAPHIC RISKS IN VIETNAM
        10.1 Executive Summary
        10.2 Cultural Issues in Vietnam
        10.2.1 Racial, Ethnic and Discrimination Issues in Vietnam
        10.2.2 Women's Rights and Gender Issues in Vietnam
        10.2.3 Religion in Vietnam
        10.2.4 Fundamental Human Rights in Vietnam
11 HISTORICAL BACKGROUND
        11.1 Business Customs in Vietnam
        11.1.1 Business Meetings
        11.1.2 Business Agenda
        11.1.3 Business Attire
        11.1.4 The Concept of "Face"
        11.1.5 Business Hours
        11.1.6 Official Holidays
        11.2 Infrastructure for Conducting Business
        11.2.1 Telecommunication
        11.2.2 Transportation
 

 

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