In recent years, the file of International Business has been very dynamic and has received much attention from society. This interest mainly revolves around contents such as what International Business is, the benefits of studying this major, as well as career opportunities after graduation?

What is International Business?

International Business is all business transaction activities on a global scale that enterprises perform to serve their business goals. International Business focuses on the commercial and financial activities of enterprises such as import-export of goods and services, foreign commercial investment, establishing branches or representative offices in other countries… This is an important field for the development of the nation and is an indispensable activity in the era of globalization and regionalization.

Importance?

The term International Business itself reflects its scope of action. To be able to work in an environment with a large scope and scale, in addition to firmly grasping the basic knowledge of economics, students will be equipped with additional content on:

The influence of global factors on business activities such as: Politics, economics, technology, demographics, geography, and culture;

The impact of financial systems, foreign exchange markets, and exchange rates worldwide. Understanding operations management from planning, design to implementation of universal supply chain operations, production processes, and project management;

The ability to build global business strategies to ensure the success of the enterprise when operating in a multicultural environment;

Foundational knowledge of business administration, such as general and in-depth issues of international trade, policies related to anti-dumping issues, disputes in international trade and issues of economic integration, international investment in Vietnam;

Logistics and import-export management;

Principles of multicultural management.

Tactical analysis and strategic planning of international investment, international business, and economic development;

International payment, international marketing;

E-commerce…

Training objectives of the International Business major

Based on the qualities that an International Business bachelor needs to have, after graduating in International Economics, students will:

Understand and apply basic knowledge of economics, administration, and management, law and foreign policies of the Party and State to the field of International Business.

Firmly grasp in-depth knowledge and skills on aspects of international business, including global markets, global supply chain management, international laws and regulations, and diverse business cultures of countries.

Firmly grasp knowledge of foreign trade tools, policies, and foreign affairs with international economic integration organizations, international investment, international payment, and financial management in multinational companies.

Develop effective communication skills when working in a multicultural environment, including English skills and international communication skills. In addition, International Business bachelors are also trained in negotiation skills.

Be able to use information technology, be able to self-learn, research, and absorb new knowledge to improve professional capacity.

Develop the ability to recognize and understand opportunities and challenges in the global market and the ability to adapt to fluctuations in the global economy.

Job Positions

With the knowledge and skills combined with actual exposure during the training process, International Business graduates can work as external affairs specialists, import-export specialists, trade promotion specialists, or international financial planning specialists. After a period of work, if they are progressive, extroverted, and love challenges, those with expertise in International Economics can go to another country to work as a representative of the parent company in Vietnam; or set up and run a business with international business activities.