Lexicon

Short country profiles with behavioral tips

At irregular intervals you will find a brief portrait of a specific country including useful information and suggestions for business conduct.

Vietnam

Cộng hoà Xã hội Chủ nghĩa Việt nam
(Sozialistische Republik Vietnam)

    Language

    Vietnamese

    Capital     

    Hanoi

    Government form

    Socialist Republic

    System of government   

    Socialist one-party system

    Surface 

    331.690[1] km²

    Population

    95.415.000 (estimate 2017)[2]  

    Population density           

    282 inhabitants per km²

    Population development

    ▲ 1,15 % pro Jahr

    Gross Domestic Product 

    • Total (nominal)
    • Total (PPP)
    • GDP/PC. (nom.)
    • GDP/PC. (PPP)

    2017

    • $ 220,4 Milliarden (48.)
    • $ 647,4 Milliarden (35.)
    • $ 2.354 (136.)
    • $ 6.913 (129.)

    Index of human development I

    ▲ 0,683 (115.) (2016)

    Currency

    Đồng (VND)

    Independence

    Declared from France on  September 2nd 1945, recognized in 1954

    Time Zone

    UTC+7

    License Plates

    VN

    ISO 3166

    VN, VNM, 704

    Internet-TLD

    .vn

    Telefphone area code

    +84

     

    Do´s in Vietnam:

    – Plan a lot of time for the establishment of the business relationship.

    – Correct business clothing in business life is important (seriousness and respect).

    – Negotiating prices and conditions is a “national pastime”

    – Very good intercultural mediators and specialist translators are indispensable.

    – Choose English as the contract language.

     

    Dont´s in Vietnam:

    – Do not criticize “Uncle Ho”, the government or politics, or make jokes about them.

    – Never use knives, scissors or glass as gifts, because they “end the relationship”.

    – Do not lecture on human rights or environmental pollution.

    – At official gala dinners, do not start eating before the highest ranking person and stop eating immediately when they stop (strict table order).

    – Do not put chopsticks vertically into the rice bowl (offerings for the dead).

     

    Contact: AHK Vietnam, Hanoi

    Mail: walde.marko@vietnam.ahk.de

    Hessen

    (Federal state of Hesse)

      Language

      German

      Capital

      Wiesbaden

      System of government     

      parlamentarische Republik, teilsouveräner Gliedstaat eines Bundesstaates

      Area:

      21.114,94 km²

      Founded

      19. September 1945

      ISO 3166-2:

      DE-HE

      Website:

      www.hessen.de

      Population:

      6.213.088 (31. Dezember 2016)

      Population density             

      294 Einwohner pro km²

      Unemployment rate:

      4,5 % (Mai 2018)

      GDP (nominal):

      269,390 Mrd. EUR (Jahr 2016)

      Debt:

      42,620 Mrd. EUR (31. Dezember 2015)

      Rhine-Main region:   

                                                                     

      Highlights:
      > 350 Startups
      13 Dax-, MDax- & Tecdax Company  
      27% are Fintechs

      “Headquarters” of globally operating companies:       

      Of the 100 largest industrial companies in Germany, 20 have their headquarters in the greater Frankfurt area.

       

      International marketplace Frankfurt am Main:

      Population: approx. 700,000 (620,000 jobs)

      Special feature: Multinationalities (177 nationalities) and multilingualism

       

      City of the Euro: European Central Bank with > 3000 employees. Monetary policy decisions are made here for the euro zone countries (330 million people).

       

      European continental financial center: The world’s fifth-largest stock exchange, 200 banks, including the Deutsche Bundesbank and around 100 foreign banks, are based in Frankfurt am Main.

       

      Frankfurt Trade Fair: The oldest in the world. (Book Fair, Music Fair or Motor Show)

      Trend: International center for, the communication and media industry, top advertising agencies, advertising photographers and fiction publishers. 

      Do´s in Hesse:

      – Make efficient travel preparations with Agenda

      – Install a lot of buffer time for arrivals

      – Punctuality at business appointments is a must

      – Correct business clothing and comfortable shoes

      – English is one of the advantages (internationality)

      – Agility and speed???

       

      Dont´s in Hessen:

      – Do not drive in FfM and big cities (traffic jams and many construction sites)

      – When taking a taxis, make sure that the speedometer is switched on.

      – Do not travel without valid identity documents and tickets (passenger and ticket control)

      – No serious criticism of Eintracht, Offenbach Kickers (Local Football clubs), Appel Wein & Green Sauce (Ebbelwoi and Grüne Sauße). (sacrilege)

      – Late arrivals to meetings without prior telephone information

       

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