What is International Business? Learn what? Which school?

The increasingly strong increase in trade activities between countries contributes to promoting international trade and globalization. The removal of cross-border trade barriers has also made international business increasingly easier. However, human resources for this field have not yet met supply and demand and are not commensurate with the development potential of the international business industry.

If you love international business activities in different cultures, learn about international business immediately. Below is a review of everything about what international business is, what to study and the schools that offer this major.

1. What is International Business?

International Business, simply understood, is the implementation of investment, production, purchase, sale, and exchange of goods or services for profit related to two or more other countries and regions. together. International business can also simply involve the export or import of a company’s goods and services. But it is also possible that international business is multinational, transnational or global business networks.

The international business environment often includes the political environment, legal environment, economic environment, and cultural environment. International business is different from domestic business because it is greatly affected and influenced by the international environment such as the legal systems of countries, exchange markets, cultural differences, inflation levels, etc. different developments across countries.

2. What do you study in international business?

The international business program provides an overview of global business and world economic development trends in the trend of globalization and integration. When studying this major, you will be equipped with basic theoretical knowledge such as:

• Culture, language, geography, political system and socio-economic factors influence business operations.
• Transportation, supply chains and distribution networks affect foreign trade.
• Electronic communications affect everything from sales and marketing to manufacturing and outsourcing.
• Network of financial institutions worldwide.
• Aspects of international business, including accounting, finance, marketing, healthcare, law and information technology…
• The relationship between business and international affairs in the rapidly evolving global business landscape.

Along with specialized knowledge, you will also learn professional knowledge and skills about trade disputes, how to enter foreign markets, international payment issues, foreign trade insurance… As well as Soft skills such as: communication skills, critical thinking, professional ethics, negotiation techniques, consumer behavior, intercultural communication, especially foreign language skills. Because these are important and necessary items for a bachelor of international business.

3. Lack of quality human resources in international business

Vietnam is increasingly integrating internationally, especially in the ASEAN Economic Community region and participating in new generation free trade agreements. However, human resources in the International Business industry still have many limitations. According to Careerbuilder’s survey on recruitment needs, International Business personnel only meet more than 50% of business needs.

Human resources are an important factor in logistics service development. In particular, in the long term, human resources will be the decisive factor to help Vietnamese logistics businesses quickly catch up with other countries, improve competitiveness, and expand markets both domestically and internationally.

According to experts’ opinions, under the impact of the 4.0 industrial revolution, international business activities will have stronger developments,businesses will participate in the digital transformation race. This requires human resources to be equipped with technological knowledge and the ability to use software…

4. Which school to study international business?

To quickly meet quality international business human resources, training facilities need to improve programs, enhance experiential activities and equip them with technological knowledge. Among them, Hoa Sen University is one of the private schools according to international standards that is highly appreciated for its training quality. The international business program at Hoa Sen meets Swiss FIBAA accreditation standards. The teaching staff includes foreigners participating in teaching.

The international business training program at Hoa Sen University provides you with extensive knowledge of core theories and practices in international business. Specialized projects are professional competitions, hundreds of seminars and workshops with the participation of domestic and foreign experts and speakers.

In addition to learning specialized knowledge and professional skills, you will be trained in comprehensive foreign language skills with the international communication English program meeting NEAS standards – (Australia). Students also practice foreign language communication with classmates who are international students studying with them.

With a friendly learning environment that respects differences and a team of experienced lecturers who graduated from international universities, you will be able to develop yourself comprehensively and shape your own path. develop while still in school.

Not only that, in your final years of university at Hoa Sen, you also have the opportunity to intern at large companies such as Cathay Life Insurance Company; Vega Logistics Company; VCBS Securities Company; Kerry TTC Express Transport Company; Interlink Company…

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Candidates register for admission information:

See more information about the International Business major of the HSU-DMU International Joint Program: HERE

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