Benefits Nike brings to Vietnam • Creates jobs for the people in Vietnam (Economic. • Nike pays higher wages than other local companies (Social. • Other MNCs have been attracted to Vietnam (Economic. • Sets new standards for other companies in the country (e.g. health and safety, wages).For example, Nike has written a policy promoting safe working conditions in its factories (Social. • Contributions to local tax and the government (Economic. Disadvantages Nike brings to Vietnam • The company image and advertising might undermine the culture of Vietnam (Social. • Nike may have apolitical influence over the government and through blackmail can have a say in government policies overworking conditions, environmental regulations etc. (Social, Economic, Enviro). • Nike could leave at any moment to go to a cheaper location leaving the country with huge unemployment and poverty (Economic and Social. • As Vietnam does not have tight environmental regulations, Nike gets rid of its waste by dumping it/burning it (especially rubber) which release carcinogenic (cancerous) gases into the atmosphere (Environmental. • Abuse of workers, and appalling working conditions for Vietnamese workers (Social.
