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Mitigating Import and Export Risks: Effective Risk Management Strategies for Vietnamese Enterprises in the Post-Pandemic Era

Journal: International Journal of Scientific Engineering and Science (Vol.7, No. 12)

Publication Date:

Authors : ;

Page : 5-21

Keywords : ;

Source : Download Find it from : Google Scholarexternal

Abstract

— The COVID-19 pandemic has brought unprecedented challenges to the global economy, and the import-export industry in Vietnam is no exception. The pandemic has disrupted global supply chains, reduced demand for goods and services, and caused significant financial losses for many businesses. As the world begins to emerge from the pandemic, it is critical for businesses in the import-export industry to adopt effective risk management strategies to mitigate the impact of future crises. This thesis focuses on risk management in the import-export industry in Vietnam during the post-pandemic period. Specifically, the study aims to identify the risks that businesses in this industry face and the challenges that these risks pose to Vietnamese traders. Furthermore, the thesis will explore possible solutions to manage these risks and provide recommendations for business owners and policymakers. The import-export industry plays a significant role in the Vietnamese economy, accounting for a substantial portion of the country's GDP and providing employment opportunities for millions of people. However, this industry is not immune to risks, including financial risks, operational risks, and reputational risks. As businesses continue to operate in an uncertain and unpredictable environment, effective risk management strategies are essential to ensure their survival and growth. By examining the challenges and opportunities for risk management in the import-export industry in Vietnam during the post-pandemic period, this thesis aims to contribute to the literature on risk management and provide insights for policymakers, business owners, and other stakeholders. The study will draw on both primary and secondary sources of data, including interviews with business owners and industry experts, as well as academic literature, government reports, and other relevant sources. Overall, this thesis seeks to provide a comprehensive analysis of risk management in the import-export industry in Vietnam during the post-pandemic period and make recommendations for businesses and policymakers to enhance their risk management strategies and ensure the continued growth and success of the industry.

Last modified: 2024-03-02 19:07:13