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The Economy and Business
Environment of Vietnam
Roderick Macdonald
The Economy and Business Environment of Vietnam
Roderick Macdonald
Editor
The Economy
and Business
Environment
of Vietnam
Editor
Roderick Macdonald
University of Quebec at Montreal
Montréal, QC, Canada
ISBN 978-3-030-49973-0 ISBN 978-3-030-49974-7 (eBook)
https://doi.org/10.1007/978-3-030-49974-7
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer
Nature Switzerland AG 2020
This work is subject to copyright. All rights are solely and exclusively licensed by the
Publisher, whether the whole or part of the material is concerned, specifically the rights
of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on
microfilms or in any other physical way, and transmission or information storage and
retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology
now known or hereafter developed.
The use of general descriptive names, registered names, trademarks, service marks, etc.
in this publication does not imply, even in the absence of a specific statement, that such
names are exempt from the relevant protective laws and regulations and therefore free for
general use.
The publisher, the authors and the editors are safe to assume that the advice and informa-
tion in this book are believed to be true and accurate at the date of publication. Neither
the publisher nor the authors or the editors give a warranty, expressed or implied, with
respect to the material contained herein or for any errors or omissions that may have been
made. The publisher remains neutral with regard to jurisdictional claims in published maps
and institutional affiliations.
Cover credit: © Melisa Hasan
This Palgrave Macmillan imprint is published by the registered company Springer Nature
Switzerland AG
The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
This book was completed in the midst of the 2020 pandemic.
In the current phase, we are spending more time at home with family
than ever before, reminding us that wealth and the economy are not the
most important things in life. However, when this situation reaches its end
game, we will also be reminded that wealth and the economy, although
not everything, do help us in the pursuit of happiness. Medicine and
health services are founded on science, but also upon prosperity. Feeding,
sheltering, and educating our families require the supply chains that bring
food and other resources to our homes. The creation of beauty in music,
visual arts, and the written word requires leisure, again dependent upon
some degree of affluence. Power, whether exercised to subdue others, or
channeled to the service of others, ultimately reposes upon wealth.
We will be less rich when the pandemic ends.
So far, the twenty-first century is a rerun of the twentieth century,
although we have avoided a world war so far. Punctuated by a financial
crisis, the first twenty years have been marked by rapid technological and
business changes reaching deep into our daily lives as consumers. With
the onset of the pandemic, Western countries appear to have repeated the
same errors and blame games as in 1918–1919. In contrast, many East
Asian countries, more severely tested by SARS, appear to have been more
proficient in dealing with the situation.
Our world’s economy may be quite different in the aftermath of the
pandemic, or it may remain “the same, only more so.” The aftermath
v
vi PREFACE
of the 1918 pandemic was an economic boom in Europe and North
America, followed by a worldwide bust that was reinforced and prolonged
by an ideology of protectionism and autarky. Will this repeat? Today, as in
1930, there are leaders who argue that all of our problems are explained
by our openness to the rest of humanity. Many people believe them.
After the pandemic, as before, the greatest enemy of humanity will be
ignorance.
What is certain is that the global linkage of trade will have been
interrupted, and that there will be delays and difficulties in priming the
pump of our problematic symbiosis with nature. Possibly China will find
itself somewhat isolated, although currently it is exerting great efforts to
overcome widespread reticence to shared trade and investment ventures.
China is not the only game in East Asia. It would be a pity if all East Asia
were to find itself isolated from the rest of the world, or if East Asia were
to become a single trade bloc economically pitted against the rest of the
planet. Hopefully, this book will help to open hearts and minds to the
business opportunities of the East.
Ho Chi Minh City, Vietnam Roderick Macdonald
April 2020
Contents
1 Vietnam, Land of Opportunity 1
Roderick Macdonald
2 The Road to Doi Moi in Vietnam 25
Pham Van Thuy
3 State-Owned Enterprises in Vietnam: Challenges
Hindering the Privatization Process 45
Trung Q. Nguyen, Burkhard N. Schrage,
and Victor L. Kane
4 Participating and Upgrading in Global Value Chains:
The Case of Small and Medium Enterprises in Vietnam 75
Trung Q. Nguyen, Hiep Cong Pham,
and Robert McClelland
5 Marketing in Vietnam 93
Nghı̃a Huỳnh Phước
6 Financial Services in Vietnam 111
Van-Hong Vu
Index 133
vii
Notes on Contributors
Victor L. Kane is Associate Professor and Head of RMIT Asia Graduate
Centre, Vietnam. He acquired ten years of business experience in analysis
and sales, as well as an executive, before entering the academic world in
the USA. He has published about 15 articles and conferences.
Roderick Macdonald is Retired Professor of Management and Tech-
nology at ESG-UQAM, Canada. He continues teaching international
business and has published Eurocritical (2018) and Southeast Asia and
the ASEAN Economic Community (2019) with Palgrave Macmillan since
retiring.
Robert McClelland is Associate Professor and Head of the Department
of Management at RMIT University, Vietnam. He has authored six books
and well over a hundred refereed publications and has produced 15
articles and conferences in the past five years.
Trung Q. Nguyen is Discipline Lead of the International Business
Program at RMIT, Vietnam. He is co-author of Business Forecasting
(2016) as well as author or co-author of more than 20 academic articles
and conferences since 2007.
Hiep Cong Pham is Lecturer in logistics and supply chain management
at RMIT Vietnam. He has previous experience in management, consulting
and lecturing in IT and operations optimization in Australia and Vietnam.
He has published 15 articles since 2013.
ix
x NOTES ON CONTRIBUTORS
Nghı̃a Huỳnh Phước is Associate Dean for Marketing, School of Inter-
national Business, University of Economics Ho Chi Minh City, Vietnam.
He has published six articles in the past three years and acquired ten years’
experience in sales and event management before entering academia. He
remains active in the business world as a consultant and as Vice President
& General Secretary of the Vietnam Marketing Association.
Burkhard N. Schrage is Discipline Lead for Management at RMIT,
Vietnam. Previously at the Wharton School and at Singapore Manage-
ment University, he has extensive experience in the finance industry
in Australia, Brazil, and France. With multiple awards for research and
teaching excellence, he has published particularly on finance in emerging
markets and privatization.
Pham Van Thuy is Lecturer and Vice Chair of the Department of World
History at Vietnam National University, Vietnam. He is the author of
Beyond Political Skin: Colonial to National Economies in Indonesia and
Vietnam 1910s–1960s (2019) as well as of 30 academic articles and
conferences since 2005.
Van-Hong Vu is Lecturer and Researcher at Yncréa Hauts-de-France.
She completed her Ph.D. in 2018. She is co-author of three papers on
Vietnam’s Banking industry in the SSRN e-library pending publication.
List of Figures
Fig. 1.1 Per cent GDP growth of Vietnam 1985–2018 (Source
World Bank national accounts data, and OECD National
Accounts data files) 8
Fig. 1.2 Economic contribution by sector (Source World Bank
national accounts data, and OECD National Accounts
data files) 9
Fig. 1.3 Total trade and total exports as % GDP (Source World
Bank national accounts data, and OECD National
Accounts data files) 9
Fig. 1.4 Domestic value added share of gross exports in
information industries (Source OECD.stat 2020, TIVA
principle indicators, https://stats.oecd.org/Index.aspx?
DataSetCode=TIVA_2018_C1# [Accessed on February
16, 2020]) 10
Fig. 1.5 Gross Capital Formation (Source World Bank national
accounts data, and OECD National Accounts data files) 12
Fig. 1.6 Domestic credit to private sector as per cent of GDP
(Source International Monetary Fund, International
Financial Statistics and data files, and World Bank and
OECD GDP estimates) 13
Fig. 1.7 Financial Freedom (Source Heritage Foundation and Wall
Street Journal 2019) 14
xi
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xii LIST OF FIGURES
Fig. 1.8 Vietnam FDI 1960–2017 (Source International Monetary
Fund, Balance of Payments database, supplemented by
data from the United Nations Conference on Trade and
Development and official national sources) 15
Fig. 1.9 Vietnam FDI/GDP compared (Source International
Monetary Fund, International Financial Statistics and
Balance of Payments databases, World Bank, International
Debt Statistics, and World Bank and OECD GDP
estimates) 15
Fig. 1.10 Economic freedom score for Vietnam compared (Source
Heritage Foundation and Wall Street Journal 2019; see
also Gwartney et al. 2019) 16
Fig. 2.1 Vietnam’s GDP percent growth rate from 1985 to 2018
(Source World Bank 2018c) 39
Fig. 2.2 Exports and imports in Vietnam from 1986 to 2005
(Million US$) (Source Tong cuc thong ke 2006) 39
Fig. 3.1 Number of enterprises in Vietnam by ownership type
(log-scale) (Source GSO Statistical Yearbook, multiple
years) 47
Fig. 3.2 Annual average capital per enterprise in 2017 (Source
GSO Statistical Yearbook, multiple years) 47
Fig. 3.3 Assets by type of ownership from 2000 to 2017 (Source
GSO Statistical Yearbook, multiple years) 48
Fig. 3.4 Profit per enterprise in 2017, by type of enterprise (Source
GSO Statistical Yearbook, multiple years) 49
Fig. 3.5 Return on capital employed by ownership type (Source
GSO Statistical Yearbook, multiple years) 50
Fig. 3.6 Stakeholders in SOE equitization process (Source
Authors’ design) 52
Fig. 4.1 Exports from FDI in total exports of Vietnam ($US
billion) (Source GSO multiple years) 78
Fig. 4.2 Intermediates sourced locally by foreign manufacturers
(Source OECD-UNIDO 2019) 79
Fig. 4.3 Firm size distribution of SMEs in Vietnam (Source
General Statistics Office of Vietnam 2018) 83
Fig. 5.1 Vietnam’s population growth and forecasting to 2030
(Source Euromonitor International, and data from GSO
national statistics 2019) 95
Fig. 5.2 Vietnam: Household final consumption expenditure
1988–2018 (Source World Bank national accounts data,
and OECD National Accounts data files) 97
LIST OF FIGURES xiii
Fig. 5.3 Changes in population grouped by disposable income
(Source Consultancy Asia 2018) 98
Fig. 6.1 Financial services and their supervision in Vietnam 2019
(Source Author’s consolidation across the data files of
MFV, SBV, ISA and SSC) 112
Fig. 6.2 System of formal credit institutions by June 30, 2019
(Source Author’s consolidation across the data files of
MFV, SBC and SSC) 115
Fig. 6.3 Bank loans to customer in value, USD billion 2013–2018
(Source Author’s consolidation across the data files of
Bureau Dijk) 117
Fig. 6.4 Bank deposits from customer value: USD billion
2013–2018 (Source Author’s consolidation across the
data files of Bureau Van Dijk) 117
Fig. 6.5 Vietnam 35 domestic commercial banks–Loan portfolio
in term of payment, % share, 2018 (Source Author’s
consolidation across data files of Bureau Van Dijk and
banks’ financial statements) 117
Fig. 6.6 Ratio of Vietnam NPLs over total outstanding lending
by Cis by quarter, in %, 2012–2019 (Source Author’s
consolidation across data files of SBV) 118
Fig. 6.7 Loan portfolio by type of borrowers of 25 commercial
banks, in USD billion, 2018 (Source Author’s
consolidation across data files from banks’ financial
statements) 119
Fig. 6.8 Outstanding bank loans balances segmentation by value,
% share, 2018 (Source Author’s consolidation across data
files from banks’ financial statements) 120
Fig. 6.9 Vietnam securities index, by index, 2016–2019 (Source
Author’s consolidation across data files of State Securities
Commission) 122
Fig. 6.10 Vietnam insurance market performance in value: USD
Million, 2012–2018 (Source Author’s consolidation
across data files of ISA) 125
Fig. 6.11 CARG of Fintech transaction value segmentation, in
%, 2019–2023 (Source Data files from Statista Digital
Market Outlook 2018) 127
Fig. 6.12 Top 8 Fintech payment companies and its market share in
term of service revenue, % share, 2018 (Source Author’s
consolidation across data files of Bureau Van Dijk and
companies’ financial statements) 128
List of Tables
Table 1.1 Index of income inequality distribution (Gini index) by
region and year 11
Table 1.2 Elements of economic freedom compared across Vietnam
and the Philippines 16
Table 2.1 FDI in Vietnam in the period of 1988–1999 40
Table 3.1 State economic groups under the management of the
committee for state capital management 49
Table 4.1 Definition of SMEs in Vietnam 83
Table 5.1 Advertising spending in Vietnam from 2004 to 2018 by
channels (million US) 102
Table 6.1 Payment transactions via ATM and POS/EFTPOS/EDC,
value: USD billion, 2013–2019 114
Table 6.2 Total assets and employed capital of credit institutions in
Vietnam as of November 30, 2019, value: USD billion 116
Table 6.3 Credit by economic sectors in value, USD billion,
2013–2019 119
xv
CHAPTER 1
Vietnam, Land of Opportunity
Roderick Macdonald
Abstract Vietnam has overcome internal and external difficulties in the
twentieth century to create a very inviting business environment as testi-
fied both by GDP per capita growth and by foreign direct investment
in the twenty-first century. This chapter briefly touches on the different
aspects of this environment that are detailed in subsequent chapters:
economic policy and performance, participation in value chains, priva-
tization, the market and financial services. It also provides an overview of
the history and geography of the country.
Keywords GDP per capita · FDI · Economic freedom · Ease of doing
business · Enterprise survey · Policy
1.1 Introduction
Vietnam experienced a very difficult twentieth century. It started the
century as a French colony. After the French were repulsed in 1954,
Vietnam experienced an internal struggle for power at the same time as
R. Macdonald (B)
University of Quebec at Montreal, Montréal, QC, Canada
e-mail: [email protected]; [email protected]
© The Author(s) 2020 1
R. Macdonald (ed.), The Economy and Business Environment
of Vietnam, https://doi.org/10.1007/978-3-030-49974-7_1
2 R. MACDONALD
one party in that struggle (mostly the North with some support located in
Central and Southern Vietnam) fought against the American “helpers”.
Both the French and American opponents were militarily superior, and
the Northern Vietnamese won by accepting an incredibly high number of
casualties. This meant that any industrial base acquired under the French
was decimated. Although the “American war” ended more than 40 years
ago, the US-led embargo dragged on for another two decades. The first
94 years of the century were economically horrendous. Since then, the
country has had barely 25 years of normality to build up an industry and
skills base. The wars of the twentieth century have also left a legacy of
(fading) tension between the hierarchy-oriented North and the market-
oriented South. Also, as in many countries in Southeast Asia, locals of
Chinese descent are prominent in the economy.
Vietnam’s government used the years under embargo to test and
discard several doctrinaire communist methods borrowed from Russia
and China for dealing with economic policy, from communal farming
to command economics. While it is still true that local and central
governments can be heavy handed towards their citizens and there is
also some evidence of state-related actors carrying out cyber warfare on
behalf of well-connected private sector actors (Carr 2017; Lyngaas 2019;
Mitre 2019), successive administrations have been realistic and pragmat-
ically visionary in creating an environment that is business-friendly and
allows entrepreneurs to flourish. Several chapters in this book detail this,
especially Chapter 2 on the evolution of economic policy in Vietnam,
Chapter 3 on the privatization process and Chapter 6 on financial services.
Vietnam now has become a land of business opportunity for locals and
for foreigners. Vietnam is worthy of consideration by any business looking
to expand internationally, particularly into Asia.
Southeast Asia is a fast-growing region and, of the larger economies
in that region, Vietnam and the Philippines are the fastest growing.
Cambodia, Laos and Myanmar are also growing as quickly, but have small
economies that are far less developed. Of the more advanced economies
in the region, only Malaysia exhibits a comparable growth rate. Between
Vietnam and the Philippines, who are neck and neck in economic growth,
Vietnam is clearly far friendlier towards foreign business investment than
the Philippines. Since their devastating experience of free trade with the
United States at the time of independence, the Philippine business elite
has influenced government policy to limit foreign competition and owner-
ship. The “People Power Revolution” did not change this. Since the early
1 VIETNAM, LAND OF OPPORTUNITY 3
1990s, Vietnam has gradually done the opposite, both opening up to
foreign investment and increasing the portion of the economy that is
market oriented. There is increasing opportunity in Vietnam.
Vietnam does indeed have a communist government. However,
governments are run in practice and not in theory. The contrast with
regimes in other countries is that the politicking is done within the
Communist Party. Although the quest for power involves instances of
sponsor–patron relationships, it is far less damaging than the feudal-like
patronage to be found in countries such as the Philippines. Politics in
Vietnam also appears to be less dumbed down than it appears to be in
countries like Canada and the United States. Finally, the fading memories
of the poverty of the previous century perhaps mean that more politi-
cians are patriotic than in other countries. Whatever the reasons, the track
record of Vietnam’s government is one of enlightened economic policies
and respect for the property of foreign firms. Government management
of the COVID-19 pandemic illustrates its competence and willingness to
act as necessary, although no one foresees what the state of the pandemic
will be when these words are read. Bereft of the resources that allowed
Singapore, Korea and Taiwan to do extensive testing, the government
of Vietnam was the first to act outside of mainland China and Taiwan. A
few local lockdowns were imposed in early January 2020. There was effec-
tively no classroom instruction after mid-January because the government
interdicted it after Tet, the Lunar New Year holiday. Most schools moved
quickly online, and the government informed citizens how to slow the
transmission of the virus from hand washing to separation and masks,
including a catchy video clip that went viral in several countries.
Tourists arriving by air from abroad who apply for visa on arrival are
surprised to see uniformed men and women processing their documents.
They may think they have landed in a police state. However, the clerks
handling the documents are employees of the airport, not police or mili-
tary. Many occupations in Vietnam have uniforms. There is no police
state atmosphere noticeable even during increasingly severe restrictions
with the coronavirus epidemic as of early April 2020. Although the state
is officially atheist, it does not impose atheism. Some small municipal-
ities interdict places of worship, and there are reports of mistreatment
of Hmong Christians, but this is not representative of the experience of
most people across the country. Most Vietnamese are Buddhists, and the
4 R. MACDONALD
world’s major religions (in historical order: Hinduism, Judaism, Catholi-
cism, Islam, Protestantism) and Caodaism have places of worship and
individuals enjoy freedom to practise their religion in Vietnam.
Although the skills base of Vietnam is limited, that is the nature of
a less developed nation. Far more relevant is the “can do” attitude of
Vietnamese. This can be seen in all walks of life, from restaurants to the
university classroom, from large businesses to small sidewalk businesses
with no employees. Vietnamese get things done without worrying about
shortage of resources or the accepted methodology. Vietnamese in the
diaspora are famous for their success in their new home countries. This
could perhaps be ascribed to the selection process of escape from Vietnam
in the twentieth century. Surprisingly, however, the same drive and initia-
tive can be found today in Ho Chi Minh City. Vietnamese are intelligent,
resourceful and diligent. Rural and low-income urban families see study
and knowledge as the path out of poverty. The government spends nearly
6% of GDP and 20% of its budget on education, and Vietnam placed
7th in the world (behind Canada and ahead of Hong Kong) in the 2015
PISA ranking.1 The United States placed 25th. These rankings are of
course imperfect—in particular, about half of Vietnam’s students leave
school by 15, before the PISA tests are applied, thus biasing the result—
but do suggest the strength of basic education in Vietnam, basis for any
industrial training.2
1.2 The Country of Vietnam
Part of the ASEAN economic community, Vietnam shares a border
with China and is a short plane or boat ride away from the East Asia
powerhouses of Singapore, Hong Kong, South Korea, Taiwan and Japan.
1.2.1 Geography and Climate
Vietnam is an S-shaped sliver of land stretching south from China along
the South China Sea. Laos and Cambodia on its western borders separate
Vietnam from Thailand. Much of the western border is mountainous. The
country is less than a hundred kilometres wide from Hue to Vinh, but
expands in the north and—to a lesser degree—in the south. The largest
cities are Ha Noi (the capital city, located in the north) and Ho Chi Minh
City (formerly Saigon) in the south, each with about 8 million population.
These are the official figures. In the case of Ho Chi Minh City, the real
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- Note: Important consideration
Formula: [Mathematical expression or equation]
Practice Problem 26: Theoretical framework and methodology
• Practical applications and examples
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
[Figure 27: Diagram/Chart/Graph]
Practice Problem 27: Current trends and future directions
• Study tips and learning strategies
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Practice Problem 28: Current trends and future directions
• Ethical considerations and implications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Example 29: Ethical considerations and implications
• Historical development and evolution
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Conclusion 4: Theoretical framework and methodology
Important: Problem-solving strategies and techniques
• Assessment criteria and rubrics
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
Important: Problem-solving strategies and techniques
• Statistical analysis and interpretation
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
Example 32: Best practices and recommendations
• Problem-solving strategies and techniques
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Practice Problem 33: Ethical considerations and implications
• Interdisciplinary approaches
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
Important: Ethical considerations and implications
• Practical applications and examples
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
Note: Historical development and evolution
• Key terms and definitions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
[Figure 36: Diagram/Chart/Graph]
Remember: Comparative analysis and synthesis
• Current trends and future directions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Remember: Literature review and discussion
• Interdisciplinary approaches
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
[Figure 38: Diagram/Chart/Graph]
Important: Current trends and future directions
• Learning outcomes and objectives
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Key Concept: Theoretical framework and methodology
• Historical development and evolution
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Introduction 5: Problem-solving strategies and techniques
Important: Current trends and future directions
• Current trends and future directions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Note: Assessment criteria and rubrics
• Literature review and discussion
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
Note: Research findings and conclusions
• Study tips and learning strategies
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Example 43: Interdisciplinary approaches
• Interdisciplinary approaches
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Important: Fundamental concepts and principles
• Comparative analysis and synthesis
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Important: Ethical considerations and implications
• Assessment criteria and rubrics
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
[Figure 46: Diagram/Chart/Graph]
Definition: Study tips and learning strategies
• Experimental procedures and results
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Remember: Fundamental concepts and principles
• Assessment criteria and rubrics
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Important: Ethical considerations and implications
• Study tips and learning strategies
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Example 49: Statistical analysis and interpretation
• Theoretical framework and methodology
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Background 6: Experimental procedures and results
Practice Problem 50: Best practices and recommendations
• Case studies and real-world applications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Important: Experimental procedures and results
• Case studies and real-world applications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Example 52: Problem-solving strategies and techniques
• Interdisciplinary approaches
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Note: Literature review and discussion
• Statistical analysis and interpretation
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Important: Literature review and discussion
• Historical development and evolution
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Remember: Fundamental concepts and principles
• Ethical considerations and implications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Note: Historical development and evolution
• Study tips and learning strategies
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Important: Best practices and recommendations
• Comparative analysis and synthesis
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Formula: [Mathematical expression or equation]
[Figure 58: Diagram/Chart/Graph]
Definition: Learning outcomes and objectives
• Study tips and learning strategies
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Note: Interdisciplinary approaches
• Experimental procedures and results
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
Methodology 7: Research findings and conclusions
Important: Research findings and conclusions
• Interdisciplinary approaches
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Formula: [Mathematical expression or equation]
[Figure 61: Diagram/Chart/Graph]
Note: Study tips and learning strategies
• Theoretical framework and methodology
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Note: Experimental procedures and results
• Ethical considerations and implications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Formula: [Mathematical expression or equation]
Note: Problem-solving strategies and techniques
• Best practices and recommendations
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Key Concept: Literature review and discussion
• Assessment criteria and rubrics
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Remember: Historical development and evolution
• Case studies and real-world applications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
[Figure 66: Diagram/Chart/Graph]
Note: Ethical considerations and implications
• Fundamental concepts and principles
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Remember: Study tips and learning strategies
• Comparative analysis and synthesis
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Definition: Ethical considerations and implications
• Best practices and recommendations
- Sub-point: Additional details and explanations
- Example: Practical application scenario
[Figure 69: Diagram/Chart/Graph]
Remember: Statistical analysis and interpretation
• Experimental procedures and results
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
[Figure 70: Diagram/Chart/Graph]
Practice 8: Study tips and learning strategies
Practice Problem 70: Historical development and evolution
• Study tips and learning strategies
- Sub-point: Additional details and explanations
- Example: Practical application scenario
[Figure 71: Diagram/Chart/Graph]
Note: Study tips and learning strategies
• Research findings and conclusions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
Example 72: Experimental procedures and results
• Key terms and definitions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Remember: Statistical analysis and interpretation
• Experimental procedures and results
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
[Figure 74: Diagram/Chart/Graph]
Note: Interdisciplinary approaches
• Key terms and definitions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Key Concept: Interdisciplinary approaches
• Interdisciplinary approaches
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Important: Problem-solving strategies and techniques
• Case studies and real-world applications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
Formula: [Mathematical expression or equation]
Example 77: Interdisciplinary approaches
• Fundamental concepts and principles
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
[Figure 78: Diagram/Chart/Graph]
Example 78: Key terms and definitions
• Case studies and real-world applications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
[Figure 79: Diagram/Chart/Graph]
Remember: Current trends and future directions
• Key terms and definitions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Exercise 9: Statistical analysis and interpretation
Note: Historical development and evolution
• Experimental procedures and results
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Key Concept: Statistical analysis and interpretation
• Historical development and evolution
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Remember: Current trends and future directions
• Literature review and discussion
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Example 83: Best practices and recommendations
• Case studies and real-world applications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Note: Ethical considerations and implications
• Case studies and real-world applications
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Important: Problem-solving strategies and techniques
• Historical development and evolution
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Key Concept: Case studies and real-world applications
• Critical analysis and evaluation
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
[Figure 87: Diagram/Chart/Graph]
Important: Current trends and future directions
• Key terms and definitions
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
[Figure 88: Diagram/Chart/Graph]
Practice Problem 88: Theoretical framework and methodology
• Practical applications and examples
- Sub-point: Additional details and explanations
- Example: Practical application scenario
- Note: Important consideration
Formula: [Mathematical expression or equation]
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