Founder and Chairman of the PACE Institute of Management Gian Tu Trung (Source: danhnhan.net)
HCM City (VNA) – The PACE Institute of Management, a leading school for business leaders in Vietnam, has conducted a project to raise awareness of global integration for local enterprises.

The project’s outcomes announced in Ho Chi Minh City on December 28 indicated that 56.8 percent of the 493 surveyed businesses said they have no idea about the ASEAN Economic Community (AEC) while 40.9 percent and 33.4 percent of the respondents respectively said they are unaware of the Trans-Pacific Partnership (TPP) Agreement and the World Trade Organisation (WTO).

More than 85.5 percent of companies admitted that they are not sure about the specific provisions of the AEC. The proportions for TPP and WTO are 77.8 percent and 66.3 percent, respectively.

Founder and Chairman of the PACE Institute of Management Gian Tu Trung said the ultimate goal of the project is to help local businesses and management agencies to have better understanding of international integration.

This will help business players change their mindsets and map out practical action plans for effective integration, he added.

Experts said the project is one of the first researches in Vietnam to study the economic integration awareness of businesses. Its outcomes are beneficial for the business community as well as State-run agencies and policy makers, they added.-VNA