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II. PEST ANALYSIS
2.1. Political factors:
Viet Nam is highly recognized for
stability, ensuring the development of
businesses.
Viet Nam joining WTO,being a member of the United Nations Security
Council, globalization, expanding foreign affairs trend, integration into the
world economy is Viettel's opportunity to participate in the global market.
Regulations on administrative procedures are
increasingly completed, business
licenses are shortened.
Under the protection of the Ministry of Defense.
2.2. Economic factors:
Like many other industries, the electronics and telecommunications industry is
also affected by many fluctuations of the macro economy. As the
economy grows, the
commune creates more wealth, the
circulation of goods, and the income increase, the
demand for telecommunications services also increases. And vice versa, when the
economy is in recession, the demand for consumption decreases will also affect the
telecommunications industry.
With the current macroeconomic
situation and future trends, it will both bring
opportunities and advantages for the industry areas of activity of Viettel. The demand
for telecommunications services has increased, but also caused many difficulties,
which is the need to find ways to change technology, management methods to reduce
costs, lower
product costs, customer care, fierce competition. In the long term,
Vietnam is still considered as a potential market with the potential to thrive in the
future.
Monetary tightening policy, reducing credit growth in order
to stop inflation
have made many businesses have difficulty in operating, and must take into account
the purchase and sale plan in which the Viettel company also faced many difficulties.
The world economic crisis from mid 2008 up to now has also reached the bottom,
which has greatly affected the business activities of the Company. Profits did not meet
the company's target because the economic crisis made people spend less. Thus, with
the current macroeconomic
situation and future trends, it both brings opportunities
and advantages for the fields of operation of VIETTEL Company.
The demand for
telecommunications services increased, but also caused many difficulties: it required
finding ways to change technology, management
methods to reduce costs, lower
product costs, and customer care.
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