SWOT Analysis of Chinese Iron and Steel Enterprises’ Investment in Vietnam Under the Background of New Policy and Economy in Vietnam

Abstract

After decades of development, China’s iron and steel industry has made great achievements, steel production has been greatly improved in both quantity and quality with the deepening of economic globalization, the international investment has become an important factor of national economy, for the steel big country like China, foreign investment is a good opportunity for the development of their own. With the close relationship between China and Vietnam, domestic investors are interested in investing in Vietnam, looking for opportunities to invest in Vietnam, however they don’t know much about Vietnam’s investment environment, new policy changes and economic environment in Vietnam, which have an impact on investment decisions. Therefore, this paper briefly describes the policy and economic situation in Vietnam, then according to the investment process of Chinese iron and steel enterprises in Vietnam, it analyzes the advantages and disadvantages of the enterprises, the external environment opportunities, and provides suggestions for Chinese enterprises