Insights from GemStones Hub Founder: I3L’s International Business Management Guest Lecture

The I3L School of Business recently had the honor of hosting a distinguished Guest Lecturer by Ms. Nguyen Thi Hai Anh, Founder of GemStones Hub – The International Hub Asia, based in Singapore. The event took place on Thursday, November 30, 2023, focused on the topic of “International Business Practices: Cases of Vietnam, Myanmar, and Indonesia.”

Ms. Nguyen Thi Hai Anh provided valuable insights into the dynamic realm of international business practices in Vietnam,Myanmar and Indonesia. Drawing upon her own experiences and success stories, she highlighted the challenges and opportunities businesses face when operating in diverse markets. 

Ms. Nguyen Thi Hai Anh explained the importance of international business, emphasizing its role in driving economic growth, expanding market reach, and exploiting diverse opportunities. As businesses expand beyond their national borders, they gain access to new markets, customers, and resources. She also mentioned that this expansion can result in increased revenue streams and a more resilient business model that is able to withstand fluctuations in each market.

Although the benefits of international business can be enormous, Ms. Nguyen Thi Hai Anh openly discusses the risks involved. She highlighted the challenges that the business world may face, including cultural differences, regulatory complexity and political instability. The uncertainty of foreign markets demands a strategic approach to risk management. Ms. Nguyen Thi Hai Anh underscored the importance of conducting thorough market research, understanding local customs, and developing contingency plans to mitigate potential risks.

The two-hour discussion on global business strategies, the students pursuing International Business Management degree gained valuable insights, resulting in an edifying learning experience.

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