TAILIEUCHUNG - GENERALS OF FOOTPRINT VIETNAM TRAVEL’S BUSINESS OPREATION

We would like to express our sincere thanks to all those who gave us the possibility to complete this report. We want to thank Footprint Vietnam Travel for giving us permission to do internship at the company, to do the necessary research work and to use company’s data. We have furthermore to thank two founders of Footprint, Dang Xuan Son and Nguyen Quang Thanh, who gave and confirmed this permission and supported us at all times to complete our report. | Vertically, it’s obvious from the current assets column that Footprint’s current assets are mostly cash which accounts for in 2008. This amount of money seems to get a slight drop in 2009 and a dramatically lift of approximately 45% in 2010. It’s quite understandable if we come back to the point where we defined a travel agency as a broker institution who build a bridge for sellers and buyers and pocket the tolls. And the toll is always money stated in a piece of paper. The reason for a decrease in 2009 was due to the late 2008 economic crisis which started from America and spread to some European countries such as France, England, Germany, etc. Those are the top markets of Footprint. As a result, the retained earnings went down, either the cash which partly comes from profit after tax. In 2010, the global economy seemed to be recovered from the recession, American people and Westerners came back to their annual routine of travel which made Footprint come back to their busy working. At the very beginning years of company development, Footprint has invested in a hotel with same name. It wasn’t their idea of investing in hotel as a long-term investment. The idea was to utilize their renting office. Son, one of the two founders, thought that it would be a waste if he pays one fixed amount of money for the whole building without using all of its corners. And there came the Footprint backpackers’ hotel. Unfortunately, within ten years presence, Footprint has been moving their office three times and the location as well as the place weren’t in a good deal as the first lease. Thus, they have to give up on investing in hotel. And that explains why there’s no short-term investment in the balance sheet from 2008 to 2010.

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TAILIEUCHUNG - Chia sẻ tài liệu không giới hạn
Địa chỉ : 444 Hoang Hoa Tham, Hanoi, Viet Nam
Website : tailieuchung.com
Email : tailieuchung20@gmail.com
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