The Vietnamese word "đấu thầu" can be translated to English as "bidding" or "tendering." It refers to the process where companies or individuals submit proposals to win a contract for a project or service. This is commonly used in construction, procurement, and various business sectors.
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While "đấu thầu" primarily refers to the bidding process, in some contexts, it can imply competition or contest in a broader sense, such as competing for any type of opportunity or award.
In summary, "đấu thầu" is a crucial term in business contexts, particularly in construction and contracting. It involves submitting proposals to win a project and can vary in formality and scope depending on the specific bidding process used.