You think that business is your thing, that your ideas are original, your creative must bring you stable income.

Are you ready to work 80 hours a week for yourself, instead of 40 hours of work for the Chief. You want not just to earn money, but also to sell your business idea and make money on it.

You have a desire to start, but you do not know where to start actually. Viet-Trade.com will help you to become a successful businessman in Vietnam!

Repaid VAT on purchases in Vietnam

In Vietnam, foreign tourists will get back VAT on purchases.

It will be possible to get back 10% of purchases from April 2012.

In 2012, VAT on purchases will be repaid to foreign tourists in Vietnam.

Travelers will be able to get a refund only making purchases at certain stores spending at least two million Vietnamese dongs.
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Nippon Steel Company has launched the operation of a new pipe plant in Vietnam

Steel-making company Nippon Steel (Japan) started the operation of a new pipe plant in southern Vietnam, said Ukrinform with reference to the agency VIA.

Majority stake of a new enterprise (51%) belongs to Nippon Steel, 10% – to state-owned Vietnam Steel Corp. The remaining 39% of shares are ownership of five Japanese trading companies.
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More than 50 thousand Russians have visited Vietnam in 2011 – Ambassador

More than 50 thousand Russian citizens have visited Vietnam for the first seven months of 2011, said the Ambassador of the Socialist Republic of Vietnam in Russian Federation, Pham Xuan Sean, on Friday.

“In 2010, more than five million tourists have visited Vietnam, including tens of thousands from Russia.
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Vacations, tourism, entertainment…

Vacations, tourism, entertainment…During the working period we dream about, expect, make arrangements for and finally get holiday. Undoubtedly we seem to be unlike consequently people also display different tastes.

Certain people cannot imagine a rest without azure salty sea water, beach, palms, heat and sun tan. Some like camping combined with exciting mountain routes, that include climbing, fires and sleeping under the sky. Some of us enjoy sightseeing in new towns and cities, passing through the local souvenir shops, seeing local people’s customs, visiting famous monuments belonging to different epochs.
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Understanding of Vietnamese business culture and etiquette

The accession of Vietnam to the WTO opens up great opportunities for foreign companies to develop new business lines in Vietnam.

Policies aimed at opening of Vietnamese economy, attract more potential investors.

However, in order to avoid cross-cultural misunderstandings that could adversely affect the relations with Vietnamese partners, we offer a few tips to follow that will lead you to success in business.
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Business conditions in Vietnam

According to the simplicity of the opening of business, to the difficulties in obtaining licenses and liquidation of companies, Vietnam takes the 99th place in the world, i.e., it is easier to open your own business in 98 countries than in Vietnam.

For comparison, Russia takes the 79th place. But, due the fact that foreign investment is very welcome in Vietnam, it can turn the best hand for a foreigner.
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Business using advanced technology

To open the companies with advanced technologies is particularly welcome.

Let it be, for example, just a small workshop for steel production, but with the application of advanced technologies.

In this case, local authorities will facilitate the early opening of the enterprise.
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Production of consumer goods

Currently, some Russian firms have their own factories in China.

For example, the brand “Cosmos” (flashlights, batteries, electronics) is known to everyone.

Vietnam is also a good place to open such enterprises.

Two major factors contributing to the cheapness of manufactured products are: first – the labor force is cheaper than in China, the second – a warm climate, which means that the production facilities do not require heating.
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Hoteliers

Due to the increasing number of tourists arriving in Vietnam, there is some tension with the number of beds in hotels in certain seasons.

However, it is probably not necessary to open a small hotel – there is strong competition in Vietnam and you may come across with the lack of understanding of local hoteliers.
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Restaurant business

What can Russian citizen to open in Vietnam at the present time?

In big cities, it is possible to open a restaurant or a cafe of Russian cuisine.

Russian tourists may become the visitors who come in Vietnam oftener and oftener every year and Vietnamese who had previously studied at different times in Soviet Union and Russia.
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