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. background of business strategy formulation Chapter 2: Analysis of business environment of Vietnam – Italy Steel Joint Stock Company. Chapter 3: Selecting business strategy for Vietnam – Italy Steel. position of VISCO in Vietnam s construction steel market. 2. Objective of the research The topic Formulation of business strategy for Vietnam - Italy Steel Joint Stock Company By 2017 aims. diagram of Vietnam – Italy Steel Joint Stock Company 59 LIST OF FIGURE Figure 1.1: Five Force Model by Michael E.Porter 17 Figure 2.1 : Logo of Vietnam – Italy Steel Joint Stock Company