TTLV: National cultural factors in business activities of Korean companies in Vietnam (Case study of Doosan Heavy Industries Vietnam Co., Ltd. and My Hung Vuong Co., Ltd.)

MASTER'S THESIS INFORMATION

1. Student's name: Nguyen Ba Ngoc

2. Gender: Male

3. Date of birth: February 4, 1984

4. Place of birth: Hanoi

5. Decision to recognize student No.:……… Date ….. month……year ………… of the President of the University of Social Sciences and Humanities, Vietnam National University, Hanoi

6. Changes in the training process:

(record the forms of change and the corresponding time)

7. Thesis topic name:National cultural factors in business activities of Korean companies in Vietnam (Case study of Doosan Heavy Industries Vietnam Co., Ltd. and My Hung Vuong Co., Ltd.)

8. Major: Asian Studies; Code:60 31 06 01

9. Scientific advisor: Associate Professor, Dr. Le Dinh Chinh

(departmentThe East, University of Social Sciences and Humanities)

10. Summary of thesis results:

Corporate culture plays an important role in business activities, any organization needs a culture to exist and develop long-term. Every country and nation that wants to develop must have a strong culture and a culture that bears the national characteristics of their country and nation. Corporate culture is no exception to that rule. Along with national culture, each enterprise creates its own unique identity to create uniqueness for its enterprise. To continue to develop in today's environment, enterprises must consider culture as a component part of the enterprise. Because, without its own identity, it will be very difficult for enterprises to find a solid position in today's increasingly diverse market.

Through the study of how national cultural characteristics affect Korean enterprises in Vietnam, specifically two companies Doosan Heavy Industries Vietnam Co., Ltd. and My Hung Vuong Co., Ltd., we just want to add a perspective on one of the reasons for the success and failure of Korean companies in Vietnam and thereby open up suggestions for research and study of Vietnamese corporate culture to find a way to build a complete and effective corporate culture for our country's enterprises while still preserving the identity of our nation, integrating but not dissolving.

The cultural differences between Vietnam and Korea are present in businesses. And this difference is one of the main causes of conflicts and contradictions occurring in Korean businesses in Vietnam.

With the management style of Korean bosses being "tycoons", valuing discipline, high hierarchy, overemphasizing the power of money...; besides, Vietnamese workers have low discipline, lack of professionalism, have the habit of being superficial, sloppy, lacking a sense of responsibility for work... These differences along with language barriers are the causes of conflicts, culminating in the phenomenon of Korean bosses having uncivilized behavior towards Vietnamese workers; or arbitrary strikes and protests by workers.

Finding a solution to completely overcome the above contradictions is impossible. However, with the problem of proposing solutions to improve the business culture of Korean enterprises in a direction that is consistent with Vietnamese culture, the thesis has proposed groups of consulting solutions for the competent agencies of the two countries as well as Korean enterprises, thereby exploiting similar cultural factors and limiting different and contradictory factors.

The above results of the thesis will partly contribute to solving the problems that theory and practice currently pose, which is the situation of conflicts and contradictions that are quite common in foreign-invested enterprises in general, and Korean enterprises in particular, one of the main causes of which is cultural conflicts and differences.

11. Practical application: (if any)

12. Further research directions: (if any)

13. Published works related to the thesis:

(list projects in chronological order if available)

INFORMATION ON MASTER'S THESIS

1. Full name: Nguyen Ba Ngoc 2. Sex: Male

3. Date of birth: February 4, 1984 4. Place of birth: Hanoi

5. Admission decision number: Dated

6. Changes in academic process:

(List the forms of change and corresponding times)

7. Official thesis title:

The elementary of national culture in Korea's businesses operating bases in Vietnam (examination the case study ofDoosan Heavy Industries Vietnam Co. Ltd, and My Hung Vuong Co. Ltd.

8. Major: Master in Asia 9. Code: 60 31 06 01

10. Supervisors: Associate Professor. Ph.D. Le Dinh Chinh

(University of Social Sciences & Humanities)

11. Summary of the findings of the thesis:

Corporate culture plays an important role in business operations. The long-term development of business strongly depends in corporate culture. Each nation needs a strong culture to develop itself which is characterized by their people and it is similar to corporate culture. Along with national culture, each business has its uniqueness by creating a corporate character for itself. Currently, in a competitive environment, a company must consider that corporate culture as one of the most important components to the growth of business. If companies run without their uniqueness, it will be difficult to identify a firm position in the diversity market.

Through the case study of understanding how the national culture influences Korean's companies which is based in Vietnam, examination of two companies: Doosan Heavy Industries Vietnam Co. Ltd, and My Hung Vuong Co. Ltd; the thesis would like to contribute aperspective on one of the causes to the success and failure of Korean companies in Vietnam. Thereby opens the suggestions for the study, understanding Vietnamese corporate culture. Moreover, it will provide a direction to improve the Vietnamese's corporate culture effectively as well as maintaining our own national character.

The first difference is national culture of Korean and Vietnamese always exists inside a company, even it bases in Vietnam. It creates a great distance to the relationship between labor and management and moreover, it is critical corporate conflict.

The second may appear in the management style of Korean's boss like a “tycoon business”, high discipline, traditional hierarchical system, and serious on the power of money; compare with Vietnamese labors with low self-discipline, lack of professionalism, unskilled worker, lack a sense of responsibility towards work...

These differences, along with the language barrier might cause of corporate conflict. It all culminates the phenomenon of the Korean boss to bad behavior to Vietnamese labor; and therefore it general strikes, demonstrations of workers arbitrarily.

It is limited to come out solutions that resolve the conflict thoroughly. However, the question is how to make these effectively that improve the corporate culture of Korean's company in line with the Vietnamese culture. The thesis presents a group of consultations which are suitable to both sides (the public affair of Korea and Vietnam as well as Korea's company). It will discover the similarities of cultural factors so far limiting the exits differences and conflicts

Results of the thesis will partly contribute significantly to solve the problems of theoretical and practical situations. Currently, the biggest problem is conflict; it is happening quite common in the foreign-invested enterprise; especially the Korean companies, that one of the main reasons starts from conflicting issues and cultural differences.

(Summarize them with stress on the new findings, if any)

12. Practical applicability, if any: N/A

13. Further research directions, if any: N/A

14.Thesis-related publications: N/A

(List them in chronological order)