US and North Korea Leaders Will Meet in Hanoi, Vietnam
President Donald Trump announced that Hanoi, Vietnam will be chosen as the place to hold the second US-North Korea summit on February 27 and 28, 2019. There are signs of intention of both parties to transform the relationship and create a solid foundation for the de-nuclearization of North Korea and end the Korean War. This is the opportunities for Vietnam to promote the country as a place for foreign investors to trust and invest through setting up factory and companies, and further grow the country through foreign direct investment. Vi…
Sustainable development in Vietnam
Achievement of sustainable development in Vietnam The sustainable development objectives including economic, social development and environment protection have been integrated into national priority development together with economic growth objective. With a stable GDP and economic growth, improvement of education, Vietnamese citizens have gained more knowledge about gender quality, environmental and other social issues, thus, creating campaigns to support collective action. For example, the campaign collecting garbage along beaches in Viet…
Vietnam exempts visas for citizens of 13 countries
In order to encourage international tourists to return Vietnam after a long pause due to the pandemic and quickly adapt to the new situation of recovering the tourism industry, gradually bringing the tourism industry back to life, Vietnam Government has issued Resolution No. 32/NQ-CP visa exemption for citizens of 13 countries. This policy is an appropriate solution to bring international tourists to travel to Vietnam and also an opportunity for Vietnam's tourism to recover. Subjects exempt from visas are citizens of the following count…
Hanoi Leads the Whole Country in Attracting FDI in the First 2 Months
According to the Foreign Investment Agency (Ministry of Planning and Investment), in the first 2 months of 2019, many foreign investors have set up business in Hanoi . In fact, Hanoi is the locality that attracts the most FDI in 44 provinces with 4 billion USD, accounting for 47.3%, followed by Ho Chi Minh City with 1 billion USD, accounting for 12%, the third is Bac Ninh with 54 million USD, accounting for 6.3%. Specifically, among the investment projects in Hanoi in the first 2 months of the year, the largest project is the Indochina Ene…
Establishing Distribution Company In Danang
Da Nang is a city in the Central of Vietnam, with the advantage of being a trading place of many countries in the world. Danang has a large seaport in the top 10 large seaports of Vietnam, facilitating trading activities with many countries around the world. At the present, Da Nang is promoting foreign investment into Da Nang, and many investors have chosen Da Nang to do business in the distribution business line. For this business line, Vietnam has committed to open up to attract 100% foreign investment. As committed, foreign-invested comp…
M&A Due Diligence and Execution in Vietnam
Merger and Acquisition (M&A) activities in Vietnam have been rapidly increasing over the the years in value and number of transactions when Vietnam's opening policies to attract foreign investments loosen up. The M&A due diligence and execution are therefore important steps to ensure a successful transaction. For foreign investors wishing to take advantage with a certain level of risks in Vietnam where the cost of labour are cheap, mid-income populations are growing, and the need of capital are high, it is important to find t…
Risks in Business Activities of Enterprise: The Arising Causes
Risk is something that nobody expected but we have to accept to live together with it. Identifying risks and creating solutions to prevent it and also minimize losses when it happens are what businesses should do. That is positive solution instead of accepting risks. So what "risk" is? There are many definitions of risk, in which there are two main points. First, risks are unexpected events. Second, when risk occurs, it causes losses to people and society. The business operations of enterprises are very diverse. In theory, such ope…
Ha Nam: Granting Investment Registration Certificate to Capella Real Estate JSC and Teijin Group (Japan)
On May 15 th 2019, Ha Nam Provincial People's Committee held a ceremony to grant Investment Registration Certificate for the Project of construction investment and infrastructure business of Thanh Liem industrial zone, phase II for Capella Real Estate Joint Stock Company , which has a total investment of nearly 950 billion VND and Teijin Carbon Vietnam Factory Project for Teijin Group with a total investment of 12 million USD. Over the past years, with the viewpoint of always trying to improve the investment environment, Ha Nam's …
Many Large Businesses in Norway Want to Invest in Hanoi
7 leading corporations and enterprises from Norway include ITS Noway, Pixii AS, Ruter, Avfall Norge, Cambi, Host, Tomra want to set up business in Hanoi , at the same time cooperate, invest and transfer the most advanced technology in Hanoi city. Chairman of the Hanoi City People's Committee has just had a meeting with Innovation Norway and 7 leading Norwegian corporations and enterprises operating in the fields of: Developing smart traffic system, energy and energy storage, management and development of public transport systems, provi…
British Investors Proposed to Invest in Wholesale Market in Gia Lai
Chairman of Gia Lai Provincial People's Committee has just had a meeting and worked with Chairman of the Board of Directors of TKV Holdings International (United Kingdom), coming to survey and find out investment opportunities to set up business in Vietnam and in particular set up wholesale market project in Gia Lai province. At the meeting, representatives of TKV Holding International Cooperation Joint Stock Company expressed their interest in building wholesale market; electronic portal of wholesale market without managers; strateg…
Quang Ninh Calls for Investors in Tourism Real Estate
Quang Ninh is becoming an open destination for tourism investors to come and set up business in Vietnam . With the land area and sea surface of over 12,000 square kilometers, the topography of more than 2,000 islands spread over 250 kilometers of coastal lines, Quang Ninh is considered as a "small Vietnam" with the potential to develop green tourism. Therefore, it is not surprising that many travel experts perceive Quang Ninh is blessed with special values. The first highlight of the Quang Ninh tourism journey is Ha Long Bay - th…
Why background check is needed when applying for second passport?
Nowadays, it is popular for individuals to have a second passport. It can be seen that in many countries, individuals are restricted to travel freely between countries. Typically, such nationals whom wish to travel abroad are required to apply for a visa which takes a lot of paper preparation for proof of financial status, legitimate reasons and waiting time. The investment for second citizenship will help investors get a more powerful passport, less limited mobility, especially in European countries. This is also an invaluable advantage fo…
Da Nang: Granting Investment Certificates for 14 FDI Projects in The First Month of 2020
In the first month of 2020, Da Nang granted dozens of economic projects, including 14 foreign direct investment (FDI) projects of foreign investors coming to set up company in Da Nang , with a total capital of 1,686 million USD. The registered projects operate mainly in the fields of food service, information technology and foreign language training. Accumulated to December 2019, there were 331 projects with a total investment of 104,707 billion VND. In the past 2019, despite removing many obstacles, Da Nang's investment attraction has…
Promote Vietnam-Canada investment under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Within the framework of CPTPP, Vietnam and Canada organized a "Business in Vietnam" Workshop organized by the City of Toronto and the Canada-Vietnam Trade Council in Toronto, Canada to promote investors to invest in Vietnam and set up company and factory. Through the workshop, the participants discussed the topics "Looking back on a year of implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and opportunities in Vietnam" and "sharing business experience in Vietnam”. Th…
Why should you invest in Da Nang High-Tech Park?
Da Nang Hi-tech Park is the only high-tech park in the Central and Highlands of Vietnam. The Da Nang high-tech Park has gradually attracted foreign investors to invest and set up company, factory in Da Nang, especially in the area of high-tech because of its advantages in location, environment, government policy, and local resources. In terms of geographical location, the High-Tech Park is planned in Da Nang, a key economic region of the Central and Highlands region, where there is a modern, synchronized technical infrastructure system, and…
What information matters in M&A transaction?
Nowadays, in the field of business and investment, the term “Merger and Acquisition” (M&A) is a very common term. This is considered as one of the global investment methods, and is a business and development strategy applied by many businesses. In conducting the M&A, beside information provided by the target company, other information are also important before the buyer stepping into negotiation with the seller of the target company. Mergers and acquisitions are usually conducted through three main stages, that is: reviewing and ev…
Vietnam Market Research
Market research is an important operation. If the market research is well done, it provides accurate information to help marketers make an appropriate strategy and then, bring high efficiency in business. In other words, if the result of market research is inaccurate information and does not correctly reflect the actual market situation, marketing activities will be inefficient. Companies would fail if underestimating the importance of market research before entering a new market. Therefore, market research activity is so important for wh…
Da Nang City to carry out investment promotion in 2022 in the direction of innovation, initiative, focus, and prioritize on strategic markets
In 2022, Da Nang selected the theme as "Year of safe and flexible adaptation, effective disease control and socio-economic recovery and development". Accordingly, the city has built the Investment Promotion Program in 2022 in the direction of innovation, initiative, focus, prioritizing strategic markets for key fields (high technology, information technology, high-quality service, etc.) to attract foreign investors to invest and set up company in Vietnam in genenal and Da Nang in particular. To achieve this goal, Da Nang city ha…
Risk of disputes from transactions through social networks in Vietnam
Social networks have become popular and become an indispensable part of modern life. Along with the development of the internet, social networking applications are also used by many people as a transaction method to exchange and conclude contracts or business transaction with each other. When a dispute occurs, it is difficult for the parties to prove the transactions and the parties involved. Hence, it is important to conduct background check on the business counterparts from financial, operational aspects instead of blind belief in the…
Nothing Can Stop Investors Coming to Vietnam
Many foreign investors have once again affirmed the attractiveness of Vietnam as an investment destination. It is no coincidence that the Vietnam Intensive Online Conference, recently held within the framework of Standard Chartered Bank's ASEAN-focused investment attraction series, took the theme “Vietnam - Rising star". A survey showed that 38% of enterprises surveyed said that they would consider expanding their supply chain in Vietnam. This is the highest rate among ASEAN countries. With strong fundamentals such as a young, dyna…
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