You are on page 1of 33

2

1.0. Introduction

1.1. Background

Multinational companies (MNC) are companies has facilities and assets invested in difference country (Host country), and

they usually have a centralize headquarter in their home country to monitoring and control numerous offices and factories

worldwide (Chen, 2019). They come to the host country and have a big investment, often called Foreign direct investment

(FDI). Vietnam is a developing country with high population density, so Vietnam is a promised land for MNC to expand

their brand, big companies such as IBM, Coca cola, Microsoft, Apple, Samsung and many more. In 2017, the amount of

FDI capital in Vietnam reached a peak at 36 billion USD

1.2. Project Management Plan

A project management plan which is set out bt project manager and project teams, it compose of multi procedure that

define how to planning, organizing, directing and controling a successful project. A successful projects management can be

difine in the following criteria: Completion in time, within cost, customers satisfaction (Sabyasachi, 2018)

Pearson Education 2016

Higher Education Qualifications


3

Depending on the characteristics of each project, the steps are different, but the 5 steps below are the 5 most common

and effective steps.

 Initiation phase

Defining a project, need to determine the feasibility of the project, and the team will need to submit the project

to the stakeholder committee, they will help determine if this is a successful project or not (Pathak, 2018)

 Planning phase

In this phase, the team will set out goals and objective based on S.M.A.R.T goals, developing a complete

schedule the cost, resources, and analysis all the risk that can happen with the project (Pathak, 2018)

 Execution phase

This is a very important period to assess whether the project is successful or not, a lot of tasks will be done at

this stage, there should be reports with high precision and accuracy (Pathak, 2018)
4

 Monitoring and control phase

At this phase, is all about controlling and adjusting measure to keep the project on track, project managers will

normally use KPis to monitor the project (Pathak, 2018)

 Close the project phase

The team need to submit the final project, reward to the team (Pathak, 2018)

Benefits:

A perfect management plan will always bring satisfaction to customers, and with the right strategy of management, you and

your team can reduce risk may happen and kill your project, affirming your company in the markets

1.2.1 Project Aims and Objectives

Aims:

 To investigate the positive impacts of textile multinational companies effect in Vietnam


5

 To identify the negative impacts of textile multinational companies in Vietnam

 To offer some recommendations to decrease the negative impacts

Objective:

 Identify the specific industry to investigate: Textile companies

 Identify the impacts on the host country: Vietnam

 Clarified the PESTLE factors that affected the host country: Political, Economic, Social.

 Search the data on 10 different multinational companies in Vietnam

 Create a survey for companies to compare and contrast the impacts

 Gathered the information and come to conclusion and give recommendation

Objectives Timeframes

1. Prepare a survey (interview, Google 2 week


6

doc, paper) to investigate how Foreign

Fashion industry impact on the social

side

2. Collecting the data, research the foreign 3 week

company that effects the economy

(Annual report,…..)

1.2.2 Scope of work

1.2.2.1. Statement of work

 Deliverables: Effects of Multinational companies on the host country (Vietnam)

 Goals:

 To identify the positive impacts of Textile multinational companies on Vietnam’s business environment

 To clarify the negative impacts between multination corporation in Vietnam


7

 To provide solution to minify the competition of Textile multinational companies to encourage the

development of the domestic firms

 Timeline: 22/3 -12/4

Scope of work Start End


Choosing the industry to identify and research 15/02/2019 25/02/2019

Clarify factors impact business environment, set up aims and objectives 25/2/2019 1/3/2109
Set up charts and schedules 1/3/2019 8/3/2019
Literature review 8/3/2019 15/3/2019

Create questionnaire 15/3/2019 12/4/2019

Send survey and receive data 20/4/2019 30/4/2019

1.2.2.2. Scope and Project scope


8

 The target of project has been listed on the section 1.2.1.1 above

1.2.2.3. Scope statement

 The purpose of project was refer in 1.2.1

 The project must finish to achieve a goals mentioned in part 1.2.1

1.2.3 Cost management


 Definition:
Is a process that’s help the project manager to controlling and planning the budget. A complete cost management

should cover all the expense of the project to avoid risk of spending over the budget (WhatIs.com, 2019)
 Steps of cost management plan:
 Resource planning: Breakdown all the work need to be done in the project, to estimate the cost of the

whole operation
 Cost estimating: identify all the cost of the resources
 Cost budgeting: Finalize and approve the budget
 Cost control
(Smartsheet, 2019)

1.2.3.1 Project budget


The budget for this project is listed below and is divided into different categories:
 Personnel : 20.000.000 VND
 Data collection: 4.500.000 VND
 Other cost: 5.000.000 VND
9

 Travel: 20.000.000

1.2.3.2 Cost estimates & Justification of expenditures

Expenditure Description Budget Justification for Expenditures

Requested ($)

A. Personnel Services 20.000.000

Rent staff , assistant 15.000.000 Assistant salaries are 5 million vnd 1 month

10 employees' salary will be 1 million vnd per month

project management 5.000.000

B. Data collection 4.500.000

Cost for interview and survey 4.000.000 Each firms we will interview about 2 people and each

for both international and local people will receive 200.000 per person.

textile industry

Fees travel of staff 500.000

C. Other cost 5.000.000

Meeting cost 500.000 Each meetings we need rent place to exchange and

discuss the information about project

Other expense 4.500.000 o


10

D. Travel for team 20.000.000

Domestic 15.000.000 Member of team have to move across Vietnam to

investigate

Accommodation 5.000.000

49.500.000

1.2.4. Quality Management


Quality management is a throughout process which set out to satisfies both the requirement and the quality of the

project. Policies planning, goals, control, and quality security and the steps require of quality management (Uci.vn,

2019)

Deliverables Quality Planning Quality Quality Control


(QM goals and steps to Assurance (monitoring)
ensure the level of desired (Evaluation)
standard)
1. Clarified the - Select the study type and - Identify the -Steps will be
project goals and location. research will done quickly and
objectives focus on the effectively
- Clarify what needs to be impact of
focused on identify the link, multinational
impact. textile companies
11

on the economy
of Vietnam.

- 3 specific stages
have been set up
to achieve the
goal.

2. Create a project - Listed the generalization -specific -With the clear


management plan timeframe timeframe,
- Create a timetable for the between each jobs monitoring the
project process will be
- Calculating the project cost, easier
resources

- Predict risks

- Valuing the sources

- Setting up a milestone for Work on schedule, The job is


the project on time and complete within
3. Provide a work effective time
breakdown
structure and a
Gantt Chart

4. Write literature - Search resources with the Complete the The quality of the
review relevant project by the research process sources must be
previous authors, Ph.D, etc on time legit and accurate

-Highlighting and
12

summarizing information
related to the project.

5. Collect data - Create questions related to -Questions will be -Completion in


the project goals. clear to time
understand and
- create questionnaire survey, specific and fits
interview. the requirement of
-select company to collect the project goals.
data –The survey will
- Collection the answer be complete in
time.

6. Clarify data - Summarizing the answer The data will be Monitoring


precisely and closely and have
-Create chart illustrate the clear clear instruction
answer

-Critically Analyzing the data

7. Give ; - Comes to conclusion about


the previous data collection
‘recommendations
and conclusions. - Give recommendations and
solutions

8. Raise the benefits -Give the teams a credit


of the project to
yourself - write down the unfulfilled
jobs of this project
13

1.2.5. Project Communication

Project communication plays a very important role in a whole project, communication helps everybody in the team understand
each other more, work more effectively. Create a communication plan must include 3 steps (Project Management Guide, 2019)
 Planning
 Managing
 Monitoring

No Deliverable Who to When Why Method


communicate
1 Set up goals and -Team -Presentation -Further -Face to Face
objectives members -Draft understanding -Email
checking
-Lecturer -Discussion

2 Project management plan -Lecturer -Draft -Fluently divide -Face to Face


-Team checking the project into -Email
members -Discussion stages, easier to
-Presentation manage
3 Work breakdown -Lecturer -Presentation -Set up a -Email
structure and Gnatt chart -Teammates -Draft complete -Face to Face
checking milestone and
schedule
4 Literature review -Lecturer -Presentation -Further -Face to Face
-Draft understanding
checking about MNC and
FDI
5 Collect data -MNC -Survey -To consolidate -Email
-Team -Research the 3 aims -Calling
members through -increase the
14

annual data accuracy of the


and previous project
research
6 Analyze the data using -Lecturer -Presentation -Set up chart -Email
appropriate tools and -Draft based on the -Face to Face
method checking result
-discussion -Critically analyze
based on charts
7 Recommendations -Lecturer -draft checking -Provide accurate -Face to Face
-Presentation solution and -email
reasonable
recommendations
8 Reflection -Lecturer -Draft -Review the result -Face to Face
-Teammates checking of the project -Email
-Discussion -Identify the
limitation of the
project

1.2.6. Risk management

A risk management plan compose of steps that help the managers and the project team to identify and predict risk that can

harm the project, such as financial problems, liabilities, etc (SearchCompliance, 2019)

No Deliverable Risk Explain Solutions


1 Set up goals and Aims and objectives -Not clarify -Identify the
objectives are not clear and enough to research problem
specific identify the -Ask lecturer for
15

impact of Textile recommendation


multinational and discussion
companies on
Vietnam’s
business
environment
2 Project management plan -Poor planning -Planning phase -Divide work
-Can’t estimate the was poorly properly
time to complete executed -identify clearly 7
steps element of project
management plan
3 Work breakdown -Schedule are not fully - -Carefully provide
structure and Gnatt chart provide, errors in the work breakdown
timeline and estimate time to
complete the works

4 Literature review -Inaccurate -Old sources, not -Find another


information realistic reliable source from
-Research limited trustful author and
professor
-Highlight and
summarize info can
be relate to the
project
5 Collect data -Measurement -respondents -Fix and re-setup
vulnerability don’t give questionnaire
appropriate
answer or simply
don’t understand
the questions
6 Analyze the data using -Inappropriate tools -Inappropriate -Ask lecturer
appropriate tools and and techniques tools will led to -Re analyze
method inaccurate data
16

7 Recommendations -Can provide solutions -Discuss with


teammates and
lecturer
8 Reflection -Can’t indicate the - Discuss with
errors and limitation teammates and
of the project lecturer

1.2.7. Resource management

Resource management plan is very important is a planning process of a project, a resource manager is in charge of

the amount of resources is used in the process of the project, the amount and the purpose of the resources must be

clear and detailed (Inloox.com, 2019)

Resources Evaluation Language option

Strengths Weaknesses

1. Books Have a lot of Hard to reach Vietnamese, English


information.
Sometime old
version

2. Journal articles Easy to find Usually personal English, Vietnamese


opinion

3. International accurate data English


17

news sites

4. Vietnamese sites Accurate info Vietnamese

1.2.8. Work breakdown structure

The impact of
Textile multinational
companies
18

Project management
plan After data
Data collection collection

Aims and Management Work Literature Cover letter Prepare Results of Discussion Reflect of
plan breakdown review questionnaire questionnaire the project
Objectives structure
and Gnatt
chart

Scope of Translating Summarize Limitation Evaluate the


work Milestone questionnaire findings value of the
and project project
schedules process and
quality of
Critically
the research
Cost Critical evaluate the
management evaluation project
Sampling Evaluate the
of project outcomes,
method appropriate
managemen decision
tools and
t process Send survey making
techniques
applied process and
Quality changes of
management the initial
Collect the management
Conclusion
data plan
to the
project
19

Project
communication
Evaluation of the accuracy
and reliability of different
research method applied

Risk
management

Critical evaluation of
research
Resource methodologies applied
management

1.2.9. Gantt chart


20

Feb Feb Feb Mar Mar Mar Mar


MSBP 10-16 17-23 24-2Mar 3-9 17-23 24-30
10-16
Chapter 1
Background, project aim, objective, project
management plan
Quality, communication, risk resources and time
management,
Work breakdown structure and Gantt chart

Milestone an Project schedule

Critical evaluation of Project Management process


applied

1.2.10. Milestone and project schedule

Work Start date End date


21

Chapter 1:
1. Background, project aims, objectives, project
management plan 15/2/2019 25/2/2019

2. Quality management, communication, risk, resources and


time management 25/2/2019 1/3/2019

1/3/2019 8/3 /2019

3. Work Breakdown Structure and Gantt Chart

1/3/2019 8/3/2019
4. Milestone and Project Schedule
8

5. Critical Evaluation of Project Management Process applied 4 March 9 March 2019


2019

6. Log book for chapter 1

Chapter 2:
7. Literature review
10/3/2019 14/3/2019
22

8. Log book for chap 2


16/5/2019 17/3/2019

Chapter 3 18/3/2019 20/3/2019

9. Qualitative and Quantitative

10. Cover letter and questionnaire 20/3/2019 25/3/2019

11. Sampling 25/3/2019 26/3/2019

12. Survey and collection 26/3/2019 10/4/2019

13. Evaluation of accuracy and reliability of research method 30/3/2019 5/4/2019


applied
23

14. Critical evaluation of research methodologies applied 5/4/2019 12/4/2019

15. Log book for chap 3 12/4/2019 14/4/2019

Chapter 4
20/4/2019 25/4/2019
16. Results of questionnaire
17. Summarize of findings 26/4/2019 30/4/2019

18. Log book for chap4 1/5/2019 2/5/2019

Chapter 5
5/5/2019 12/5/2019
19. Discussion

20. Limitation of the project 5/5/2019 12/5/2019

21. Evaluation of the selected tools and techniques to 15/5/2019 19/5/2019


support
24

22. Conclusion 20/5/2019 24/5/2019

23. Log book 24/5/2019 25/5/2019

Chapter 6 25/5/2019 30/5/2019

24. Reflect on the value of undertaking the research

25. Evaluate process and quality of research 25/5/2019 30/5/2019

26. Critically evaluate and reflect on the outcomes, decision 25/5/2019 30/5/2019
making process and management plan

27. Log book 30/5/2019 31/5/2019

Chapter 7 31.5.2019 31/5/2019


28. Conclusion
25

1.3. Critical evaluation

When starting a project, there will always be 50/50 of success and failure, a good project will requires a detailed and specific

plan, but in the meantime, some elements can still effects badly to the whole project. Poor planning is a typical example, when the

project is lack of planning, the team cannot decide which tasks are need to do first and when to do, leads to deviations in the timetable.

Unrealistic goals, when starting a project, the high expectation to the project will lead to the goals to be not realistic and unachievable.

Budget planning is also a very important to estimate the cost of the whole project, when the team planning the cost estimated badly,

the team will not know what the expense for the whole project, which leads to stagnant in the progress.

There are tips that can prevent elements that can harms to the project:

 Proper planning in the beginning of the project, the plan need to be specific and detailed,

 Set a realistic and achievable goals for the team, it require consent of the whole team, stakeholders, customers. It

should based on S.M.A.R.T

 Create a specific cost management plan and plan for expenditures may arise during the project

1.4. Organizations of research report


26

Chapter 1 Research report

1.0 Introduction

1.1 Introduction about MNC, FDI and impacts on Vietnam

1.2 Definition, key stages, benefits

1.2.1 Aims, objectives

1.2.2 Statement of work, scope and project scope, scope statement

1.2.3 Definition, project budget, estimated the cost and justifications for

expenditure

1.2.4 Definition and critical analysis

1.2.5 Definition and critical analysis

1.2.6 Definition and critical analysis

1.2.7 Definition and critical analysis

1.2.8 Breakdown the 5 stages into each steps

1.2.9 Provide timeline of the project

1.2.10 Provide schedule and milestone

1.3 Elements that affect the project

1.4 Provide the deliverables of the whole projects


27

2.0 Liturature review


2.1.1. Multinational companies
Multinational companies (MNC) are companies has facilities and assets invested in difference country (Host country), and

they usually have a centralize headquarter in their home country to monitoring and control numerous offices and factories

worldwide (Chen, 2019). Although many companies are in different fields, they all have a common goal of global expand

and profit growth. In the year of 1987, Vietnam’s National assembly passed the law for Foreign investment, allowed

investor to owned 100% of capital, is a historical decision open the way for Foreign companies to invested in Vietnam

(Thuvienphapluat.vn, 2019). Since then, numerous of foreign companies has invested in Vietnam, Takubo is an textile

company and they open a subsidaries in Vietnam in 2001, their headquarter is in Japna. CocaCola has been in Vietnam

since 1996, in banking sector has Mitsubishi, ANZ, etc.

Foreign direct investment (FDI), is often know as invested directly into subsidaries in other country (host country).

Including money, technology and skills (Economy, 2019). Since the law has been passed, Vietnam’s economy has been

booming, in 2016, registed FDI capital inflow has reach 27 billion USD and actual FDI investment reach 15.8 billion USD.

In 2017, more than 25 billion USD has been direct invested in Vietnam. The numbers proves that Vietnam is an ideal

destination for investors (Van Pham, 2017)


2.1.3. The impact of MMC
With the resources that MNC invested, apperently the host country will have many impacts on the economy and other

factors. Foreign companies comes to the host country will open up huge opportunities for employment, creating jobs,
28

lowering the unemployrate. Host country will be experiencing the advance tech and equipment are brought by MNC. In

general, FDI brings for State budget a lot a capital. But, some companies tend to exploited the resources for the

production process, that can damage the enviroment. For example, International textile company Toms release waste

water into the Khe Che lake. So far, Vinatex International Toms Textile Co., Ltd. has not yet had a discharge license as

prescribed by law
3.0.Method
3.1. Quantitative and qualitative research
This project will be conducting quantitative and qualitative research strategies, when collecting data, both of the strategies will

help highlighting and thoroughly analyze the impacts of textile companies on Vietnam

3.2. Questionnare
Questionnare will be the primary method to collect data. A list of question related to the project will be in a survey and will

be send to specific companies. The benefits of this method will be money saving, but time will not be added in the

advantages. Since the survey is hard to reach to the stakeholders, and when interviewees facing hard question, they usually

left it blank.

3.3. Sampling
3.3.1.
Is a process of choosing a particular group to investigate (called sample), they will reflect the characteristics of the

whole population (Kenton, 2018). The purpose of sampling is to reduce the amount of time that may spent on

investigating the whole population, it will also reduce the cost of research.
3.3.2.
29

Random sampling is the most suitable method for this project, since is the easiest yet still effective for investigate a

large population like textile multinational companies in Vietnam, cost saving and reduce time. This method will ensure

the fairness, equality among companies. But random sampling will still have some drawback,
30

References

Chen, J. (2019). Multinational Corporation - MNC. [online] Investopedia. Available at:

https://www.investopedia.com/terms/m/multinationalcorporation.asp [Accessed 24 Feb. 2019].


31

Pathak, R. (2018). Top 5 Project Management Phases. [online] Project-Management.com. Available at: https://project-

management.com/top-5-project-management-phases/ [Accessed 21 Feb. 2019].

Sabyasachi (2018). Understanding the Project Management Plan. [online] Simplilearn.com. Available at:

https://www.simplilearn.com/what-is-a-project-management-plan-article [Accessed 21 Feb. 2019].

Washin Engine Co.,Ltd. (2019). List of investment companies Vietnam | Vtown (page 2)| Vtown. [online] Available at:

http://vtown.vn/en/category2/genre107.html?Company_page=2 [Accessed 24 Feb. 2019].

WhatIs.com. (2019). What is cost management? - Definition from WhatIs.com. [online] Available at:

https://whatis.techtarget.com/definition/cost-management [Accessed 25 Feb. 2019].

Smartsheet. (2019). The Ultimate Guide to Cost Management | Smartsheet. [online] Available at:

https://www.smartsheet.com/ultimate-guide-to-cost-management-and-templates [Accessed 25 Feb. 2019].

Uci.vn. (2019). Quản lý chất lượng là gì ?. [online] Available at: http://uci.vn/quan-ly-chat-luong-b285.php [Accessed 1 Mar.

2019].
32

Project Management Guide. (2019). What Is Project Communication Management - Project Management Guide. [online]

Available at: https://www.wrike.com/project-management-guide/faq/what-is-project-communication-management/ [Accessed

1 Mar. 2019].

SearchCompliance. (2019). What is risk management? - Definition from WhatIs.com. [online] Available at:

https://searchcompliance.techtarget.com/definition/risk-management [Accessed 1 Mar. 2019].

Inloox.com. (2019). What is Resource Management? | Project Management | InLoox. [online] Available at:

https://www.inloox.com/company/resources/what-is-resource-management/ [Accessed 1 Mar. 2019].

Van Pham, T. (2017). Lợi thế của Việt Nam trong thu hút FDI. [online] VnEconomy. Available at: http://vneconomy.vn/loi-the-

cua-viet-nam-trong-thu-hut-fdi-20171113153528244.htm [Accessed 17 Mar. 2019].

Thuvienphapluat.vn. (2019). Luật đầu tư nước ngoài tại Việt Nam 1987 4-HĐNN8. [online] Available at:

https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Luat-dau-tu-nuoc-ngoai-tai-Viet-Nam-1987-4-HDNN8-37468.aspx

[Accessed 17 Mar. 2019].

Kenton, W. (2018). Sampling. [online] Investopedia. Available at: https://www.investopedia.com/terms/s/sampling.asp

[Accessed 24 Mar. 2019].


33