UNIT 1: INTERNATIONAL TRADE

Purchase, sale, or exchange of goods

International trade Thương mại quốc tế
and services across national borders
Sending goods to another country for
Exporting Xuất khẩu
sale or trade
Bringing in goods from another
Importing Nhập khẩu
country for sale or trade
Trade theory holding that nations
should acumulate financial wealth,
Mercantilism Chủ nghĩa trọng thương usually in the form of gold, by
encouraging exports and discouraging
imports
Ability of a nation to produce a good
more efficiently
Absolute advantage Lợi thế tuyệt đối If a country can produce something
more than cheaply than anywhere else
in the world
Comparative Inability of a nation to produce
Lợi thế so sánh
advantage
Factor proportions
Lý thuyết tỷ lệ - nhân tố
theory
Term of trade Điều kiện thương mại
The balance of trade Các cân thương mại
The difference between the money
value of s country’s visible imports and
The balance of
Cán cân thanh toán exports.
payment
Adding trade in services to trade in
goods gives you...
Tài khoản vãng lai/Tài
Current account
khoản hiện hành
Capital account Tài sản vốn
Financial account Tài sản tài chính
Imposing trade barriers in order to
Protectionism Chủ nghĩa bảo hộ
restric imports.
Quantitative limits on the import of
Quota Hạn ngạch
particular products or commodities
An import quota Hạn ngạch nhập khẩu
Taxes charged on imports
A tariff Thuế nhập khẩu Unlike quotas, tariff produc revenue
for the government
The (impossible) situstion in which a
Autarky Tự cung tự cấp country is completely self-sufficient
and has no foreign trade
Surplus Thặng dư A positive balance of payments
 A country exporting more than it
import has a trade surplus
Deficit Thâm hụt A negative balance of payments
Selling goods abroad at (or below) cost
Dumping Bán phá giá
price
Invisible imports and Trade in services (banking, insurance,
Xuất/Nhập khẩu vô hình
exports tourism, and so on)
Visible trade (GB) or Trade in goods
merchandise trade Xuất/Nhập khẩu hữu hình
(US)
Barter or counter Direct exchange of goods, without the
Mậu dịch đối lưu
trade use of money
Inputs (raw materials, chep or skilled
Factors of production Yếu tố sản xuất (đầu vào)
labor, capital,etc)
Specialization of work into different
Division of labor Phân công lao động
jobs
Saving in unit costs arising from large-
scale production
Economies of scale Kinh tế quy mô
When two companies merge they have
greater...than as saparate companies
Tự do hóa
Liberalize
Free trade Thương mại tự do
In the maturity phase of product life
Stabilize Ổn định
cycle, sales growth slows and ...
Subsidize Trợ cấp
Multinational companies usually have
Subsidiaries Công ty con
... in different countries
Infant industry Ngành CN non trẻ
Freight Vận chuyển hàng hóa
 UNIT 4: PAYMENT IN INTERNATIONAL TRADE
Open account Phương thức ghi sổ
L/C Thư tín dụng Method of finacing overseas trade
Documentary L/C Thư tín dụng chứng từ
Revocable L/C Thư tín dụng hủy ngang
Thư tín dụng không hủy
Irrevocable L/C
ngang
Deferred payment
Thư tín dụng trả dần
L/C
Red clause L/C
Thư tín dụng chuyển
Transferable L/C
nhượng
Revolving L/C Thư tín dụng tuần hoàn
Back to back L/C Thư tín dụng giáp lưng
Standby L/C Thư tín dụng dự phòng
Advised L/C Ngân hàng
Confirmed L/C
An arrangement by which a customer
can withdraw more from a bank
Over draft Vay thấu chi account than has been deposited in it
up to an agreed limit; interest on the
debt is calculated daily
A draft that has been drawn to be
Usance draft (Time
Hối phiếu kỳ hạn payable after a specific number of
draft)
days
Banker’s acceptance Ngân hàng chấp nhận
Bill of collection Hối phiếu nhờ thu
To pay a fixed sum of money on
Bill of exchange Hối phiếu
demand or on a specificed date
A document that shows details of
goods being transported, it entitles
the reciever to collect the goods on
arrival
Bill of lading Vận đơn đường biển
Among other things, a bill of lading
contains details of the goods, their
destination and the name of ship
carrying them
Bank that issues a L/C (the importer
Issuing bank Ngân hàng phát hành
bank)
Bank receives payments of bills, for
Collection bank their customer’s account (the
exporter bank)
Bank that confirms they will pay the
Confirming bank Ngân hàng xác nhận exporter on evidence of shipment of
goods
 Payment by bill of exchange to which
Clean collection Hối phiếu sạch
documents are not attached
Document allowing someone to
Document of title Chứng từ quyền sở hữu
claim ownership of goods
Documentary Payment by bill of exchange to which
Hối phiếu kèm chứng từ
collection commercial documents are attached
Advance payment Tiền tạm ứng
List of goods sold as a request for
Invoice Hóa đơn
payment
If the importer ... the bill, the exporter
Dishonour Không trung thực may have to find an alternative buyer
or ship the goods back again
In some parts of the world, banks may
Remit Gửi tiền be slow to remit payment to the
exporter's bank
Shareholders Cổ đông A company’s owners
The value of raw materials, work in
Inventory Hàng tổn kho process, and finished product stored
ready for sale
Adding new and different products or
Diversifying Đa dạng
services
When a company’s top executives
Management buyout Mua thôn tính
buy the company they work for
Maturity date Ngày tháng đáo hạn The date at which a loan will be repair
Some companies prefer to grow
M&A Mua bán và sát nhập organically but it is quicker to grow
by...