The Vietnam team won second prize at the Pan-Asian Retailing Simulation Games 2009, on May 16 at Taiwan University, Taiwan (China).
|A student presents a retailing business plan by English in the final round in Vietnam to choose one team join Pan-Asian Retailing Simmulation Game 2009 in Taiwan. (Photo: TTO)|
Six teams were represented in the final, including Vietnam, Singapore, Taiwan, China, Japan and Indonesia.
The contest, in English, included online retail software and giving a presentation.
The Vietnam team included three students: Nguyen Ngoc Thao from Ho Chi Minh City Agriculture and Forestry University, Nguyen Phuong Mai from HCMC Banking University and Luong Hoang Phan from Foreign Trade University. They won US$3,000.
Taiwan came first, winning $10,000 and Singapore third.
The games were created by the Department of Business Administration of National Central University in Taiwan.
The main purpose of this competition is to improve and broaden the students’ understanding of retailing as a business in Asia.
The games are an online competition. Students competed by using an online platform, Chain Store Master (CSM).
This program allows students to change and adjust parameters according to the business environment to maximize corporate profits. Fast, strategic and accurate thinking are needed.