Risk assessment for international construction joint ventures in Vietnam

Do, et al.

International Journal of Advanced and Applied Sciences

Int. j. adv. appl. sci.

EISSN: 2313-3724

Print ISSN: 2313-626X

Volume 4, Issue 6 (June 2017), Pages: 104-114

Title: Risk assessment for international construction joint ventures in Vietnam

Author(s): Sy Tien Do^{1, 2,} *, Veerasak Likhitruangsilp ², Tran Tuan Kiet ², Phong Thanh Nguyen ^{2, 3}

Affiliation(s):

¹Faculty of Civil Engineering, Bach Khoa University (BKU), Ho Chi Minh, Vietnam
²Construction Engineering and Management Division, Chulalongkorn University (CU), Bangkok, Thailand
³Department of Project Management, Ho Chi Minh City Open University (HCMCOU), Ho Chi Minh, Vietnam

https://doi.org/10.21833/ijaas.2017.06.015

Full Text - PDF XML

Abstract:

Joint venture (JV) form has been adopted in construction industries worldwide because of the huge benefits, one of which is that foreign companies can share their work experiences and resources with local companies that understand cultural, political, and legal factors in their countries well. Even though JV is an attractive option for international construction business management, it is also extremely risky due to size, complexity, and multifaceted operations of JV projects. The objective of this study is to assess risk factors affecting three performance stages of international construction joint venture (ICJV) projects in Vietnam namely Startup, Operation, and Dismantle. Based on the findings through questionnaire surveys and in-depth interviews, critical risk factors were first identified and compared among three stages to appreciate their differences and similarities. Finally, the results of this paper were (a) the characteristics of risk factors in each stage, (b) startup stage of ICJV contained many potential risk factors should be most concerned, and (c) trend analysis in different stages of ICJV projects.

This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

Keywords: Risk assessment, International construction joint, venture, Vietnam

Article History: Received 13 March 2017, Received in revised form 21 April 2017, Accepted 18 May 2017

Digital Object Identifier:

https://doi.org/10.21833/ijaas.2017.06.015

Citation:

Do ST, Likhitruangsilp V, Kiet TT, and Nguyen PT (2017). Risk assessment for international construction joint ventures in Vietnam. International Journal of Advanced and Applied Sciences, 4(6): 104-114

http://www.science-gate.com/IJAAS/V4I6/Do.html

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