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 [...]
Archive for January, 2011
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Business conditions in Vietnam
January 23rd, 2011 
admin 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 [...]
Business using advanced technology
January 21st, 2011 admin 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.
Production of consumer goods
January 20th, 2011 admin 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 [...]
Hoteliers
January 18th, 2011 admin 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.
Restaurant business
January 15th, 2011 admin 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 [...]
Business in Vietnam for foreigners
January 11th, 2011 admin To start the business in Vietnam seems more attractive, just like many Russians in Turkey, Hungary, India and other countries. Vietnam is a country with a market socialist economy. In practice this means that the Communist Party and the government define a strategy of political and economic development of the country in general, and enterprises [...]
