PRACTICAL INFORMATION Destination:
Hanoi - Vietnam
April 6th until April 24th 2020
â‚¬ 3.250 (as de facto partnership, Inisol has no VAT obligations), incl. all accommodation and travel expenses
CONTACT Inisol Vrije Universiteit Brussel Secretary ES Pleinlaan 5 1050 Brussels
VIETNAM: HANOI TRADE MISSION 2020
VIETNAM: HANOI – TRADE MISSION 2020 INISOL Initiatiefgroep Solvay (INISOL), is an organization of senior year master students in Business Engineering at the Solvay Business School at the University of Brussels (VUB). Since 1991, Inisol annually organizes a trade mission to an emerging economy.
2000. In addition, the country has a very fast growing middle class that is expected to increase exponentially in the future. The combination of all these factors makes Vietnam the ideal place to further expand your organization.
Due to the great success of the previous editions, it was decided to extend the trade mission to the graduating students of Applied Economic Sciences, Movement Sciences, Communication Sciences and Photonics. During this three week mission, a group of about ten graduating students individually perform a specific assignment for participating companies under direct academic supervision.
The trade mission can be interesting for your company for many reasons. By participating in this mission, you can explore a completely new market or you can further expand your existing network.
WHO? GUIDANCE AND SUPPORT
The trade mission takes place in the second semester of the academic year. Naturally, the preparations for the trade mission are initiated much earlier. This year the trade mission will take place from April 6th until April 24th, 2020. The final report will be delivered twelve weeks after our return at the latest. The deadline for participating companies to express their interest is December 7th, 2019. Companies are served on a first come first served basis.
The trade mission team consists of a group of highly motivated students Applied Economic Sciences, Movement Sciences, Communication Sciences and Photonics, under the academic supervision of Prof.. dr. Michaël Dooms and his team, who, when being students, all participated in a trade mission himself. Prof. Dooms has supported the last thirteen editions. He will assist the students with the preparation and execution of the mission, including on-location support. We also cooperate with, among others, Flanders Investment & Trade, the Belgian Embassy and the Agency for Foreign Trade in order to obtain professional advice and generate the necessary contacts. Even so, we generate preparatory contacts with Solvay Alumni on site. Practicalities like accommodation, local transport, communications, the first appointments, etc. are taken care off as much in detail as possible before departure in order to start working the first day. WHERE? LOCATION In the past years our trade mission went to Colombia (2013 and 2019), Kenya (2014 and 2018), Indonesia (2010 and 2017), Malaysia (2016), China (2015 and 2009, Turkey (2012) and Vietnam (2011). This year Inisol has chosen to explore the Vietnamese market again. In April 2020, the mission will take place in Hanoi, the capital of Vietnam. Since the bilateral free trade agreement between Vietnam and the United States of America, which entered into force in 2001 and came to an end in 2012, more and more countries have become aware of Vietnam’s potential. That is why a trade agreement was signed between Vietnam and the European Union in June 2019, which still has to be ratified. Our trade mission is therefore an occasion to fully utilize this opportunity. Vietnam has had an annual growth of around 6% since
HOW? PROCEDURE We work with a simple formula. You can find a complete outline of our procedure in the step-by-step plan in our brochure (only available in Dutch). The first phase consists of searching for a participating company for each student. Subsequently, the student in Belgium will be thoroughly informed about the objectives of his/her specific assignment. The content of the assignment will happen in consultation with a representative of Flanders Investment and Trade. During the second phase, ca. two months before departure, the mission must be prepared in detail. The assigned student will have to conduct the necessary research in preparation of the assignment on site. This encompasses among others possible education or coaching before the start of the actual mission. The third phase, the trade mission itself, consists of an intense research in Vietnam. The student team arrives on the 4th of April 2020 for the execution of the assignments on site. The trade mission will last 3 weeks. During the period of the mission, every effort will be made to give feedback on a small-scaled and frequent basis. During the fourth and final phase, each student establishes a final presentation, with specific attention to the results of the conducted research.