International business has become a prominent field
due to
the economic agreements between Vietnam
and partner countries. These
agreements have opened
numerous new opportunities, fostered economic
growth
and enhanced international integration.
What is international business?
The field of international business revolves around the
commercial activities conducted between individuals,
enterprises and
economic organizations among countries.
It is characterized by its
global nature and high level of
integration.
International business encompasses activities such as the
exchange and trade of goods, services, resources, people,
ideas and
technology between different countries. It involves
cross-border
commercial transactions, facilitating the global
flow of economic
activities.
This field of study provides comprehensive knowledge on
business administration, as well as cross-national business
strategies
and tactics.
What you learn in international business
Core international business fields of study
What are the principles of international business?
Students in this field will learn both fundamental
and advanced
knowledge about business activities
between countries in the context of
the global digital
technology development. The program includes nine
mandatory core subjects:
Cross Cultural Management
Fundamentals of Finance
Logistics and Supply Chain Management
Tactical Analysis and Strategic Planning in
International Business
International Investment and Economic Development
International Business Law
International Marketing
E-Commerce
International Payments
The Bachelor of Business program is subject
to change over time, refer to the program page
for the most up to date details.
Skill acquired
To be prepared for future careers, in addition to
foundational knowledge, international business
students are also trained
in professional skills
such as international payment, foreign trade
insurance, international trade dispute resolution,
and methods of
entering foreign markets.
These courses equip students with negotiation,
compromising, and problem-solving skills when
dealing with real-world
situations.
The nature of the Bachelor of International
Business program requires students to have
a strong proficiency in English.
Consequently,
almost all universities currently place a key
priority on
language training. However, with
RMIT students, English proficiency is
not a
challenge as it is also one of the entry
requirements of the
university.
What can you do with an international business degree?
Career opportunities and workplaces for
international business graduates
A degree in international business opens a wide
range of attractive job opportunities, such as:
Import-Export Officer: Compiling, reporting, and analysing import-export data and figures.
Sales Executive, Foreign Trade Bank Officer
Market Research Specialist: Conducting surveys,
monitoring projects, and compiling data to establish industrial funds
and export processing zones.
Supply Chain Management Specialist, International
Marketing Specialist: Managing projects, overseeing international
brands, representing foreign offices in Vietnam and vice versa.
Researcher and lecturer in International Business
International business graduates are often employed by Multinational corporations, import-export businesses,
foreign exchange companies, trading companies, representative offices,
and banks both domestically and internationally.
Foreign companies involved in international business.
Universities and colleges that offer courses in international business.
Typical salary in the international
business
The international business sector currently has
a high
demand for young, dynamic and high-quality
professionals. Recent
graduates have no need to
be concerned about job prospects. The salary
level
largely depends on the job position, the candidate's
capabilities
and the salary policies of each company.
Salaries in international
business range from 8 to 30
million VND*, depending on qualifications,
experience,
position and whether the company is domestic or
international..
In Vietnam, the salary range for fresh graduates in
business roles is between 8 to 12 million VND.
Experienced or long-term
employees can earn
between 15 to 20 million VND. Higher-level positions
such as department heads or directors can expect
salaries starting from
20 million VND.
In the United States, an Analyst Manager can earn
around
USD 97,580 per annum. Sales Officers can
expect annual salaries from
USD 99,680 and
Marketing Directors can earn approximately
USD 154,470.
In the United Kingdom, salaries range from
38,000 to 92,000 USD per annum.
In Canada, salaries range from 47,000 to 131,000
USD per annum.
In Australia, salaries range from 71,000 to 104,000
USD per annum.
Compared to both domestic and international
standards, the
salary levels in the international
business sector are notably
attractive.
Studying International Business at RMIT Vietnam
At other universities, international business is an
independent program. At RMIT Vietnam, International
Business (often
referred to as global business) is one
of the nine majors within the
Bachelor of Business
program.
In addition to the majors, there are minor
specialisations
that provide a broad understanding
of various fields. This equips
students with diverse
skills to meet the increasing demands of the
market
and adapt to changes, opening numerous career
opportunities.
Students have the freedom to choose
from various subjects within the
economic disciplines,
including the global business major. This
flexibility
allows students to tailor their study program over
the
three-year course.
When opting for the Global Business specialisation
within
the Bachelor of Business program, students
will learn to understand
business indicators, analyse
situations and propose appropriate
solutions for the
international operations of enterprises. The subjects
