Essay: Political Environment

Sample Essay

The Political environment includes laws, legal regulations, and government policies that may influence or limit various companies or organizations in the market. The government enforces limits and regulations on companies for the good of society. Vietnam formally joined world trade organization and became its 150^th member. Accession is politically significant symbolizing Vietnamese acceptance into the global economy. It will also decrease restriction on Vietnam export (Scribd 2008).

Economic Environment

Changes in economic condition have always influenced consumer-purchasing attitude, America has seen how drastically the economy can be affected after 9/11 incident. It is important for companies to watch trends in the economy to prevent losses in profits and to stay at the top of the market. The GDP growth of Vietnam has continued form the previous years with strong expansion in companies and services, investment went up caused by the ongoing improvement in business (Intellasia 2009 ).

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