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The website of Forbes has recently published the article of author Ed Fuller with the title “Vietnam is ready to become the next economic tiger of Asia.” Like South Korea, Taiwan and China, Vietnam is having many base advantages. According to the economic report till August of 2016, foreign direct investment (FDI) into Vietnam has reached a record level in 2015 and this year could be higher. Only the first half of 2016, FDI into Vietnam reached 11.3 billion USD, increased by 105% over the same period last year although in the context of the global economy is moving very slowly. Since 1990, the average economic growth of Vietnam reached 7% per year, just behind China. This growth has brought Vietnam from a poor country into the country with average income level of the world. If Vietnam continues to keep the growth rate of 7% per years in the next 10 years, the Vietnam economy will grow just like China and many other economic tigers in Asia. Vietnam now has more than 92 million people, m...

  At a meeting between the leaders of Ho Chi Minh City (HCMC) and the German Business Association (GBA), Mr Jens Ruebbert – Chairman of GBA said that Vietnam is an attractive destination for investment and business activities of foreign investors, including German businesses. Go along with Mr. Jens Ruebbert attending this meeting, there are more than 70 German enterprises operating in various fields, wishing to expand investment and trading activities in a number of potential areas such as automobile, production, communication, finance, insurance… With advanced professional qualifications and also experiences, German enterprises are expected to seek investment and trading opportunities, bringing practical benefits for both sides of the business community, as well as both countries. Germany is one of the major and efficient partners of Vietnam in the field of education and training, science and technology… It is possible to mention some of their projects that have been implementing ...

  In September 2016, the two first Ilahui stores in Vietnam have opened in Hanoi and  Ho Chi Minh City  (HCMC) in the form of franchise. According to Ilahui brand manager in Vietnam, in the fourth quarter of 2016, this brand will expand to 6 – 8 stores to serve the needs of customers both throughout the country. In the next 5 years, Ilahui will have at least 200 stores spreading across the provinces of Vietnam. With the advantages of products and prices are updated, diverse in types and designs with elegant shopping space, the company expects this will be a new business model with strong penetration step into Vietnam retail market. According to Nielsen Vietnam – a market research firm, among 93 million people of Vietnam, there are nearly 60% of the population are under 35 years old. The income of this class has also increased from 433 USD per person per year (in 2000) to 2,111 USD per person per year (in 2015). Vietnamese consumers also have demand to enjoy new and qualit...

  Investment flows from Singapore to  Vietnam real estate sector  are increasing with the presence of many huge investors. According to the Consulate General of Republic of Singapore in Ho Chi Minh City (HCMC), Vietnam is one of the leading markets for investment of Singapore businesses. Currently, Singapore’s  real estate businesses  are operating successfully in Vietnam. A typical case is the 7 Vietnam – Singapore Industrial Parks (VSIP) that has attracted more than 8 billion USD of investment capital and creating jobs for more than 155,000 workers. According to Director of Department of International Business Development of Singapore, many multinational enterprises that headquartered in Singapore are also very interested in  the real estate market of Vietnam . One example is the Kusto Home Company based in Singapore, which is developing and managing the Diamond Island project in HCMC. According to President of Kusto Home, they have studied Vietnam real e...

  Vietnam aviation market is growing fast with fierce competition. Although the growth rate reaches 20% in the first quarter of 2016, the airport infrastructure systems are not fully meet the demand. Currently Vietnam Airlines (VNA) is at the last stage of the equitization process. Therefore, when the largest airline company of Vietnam finishes their equitization process, the majority of enterprises in this industry are  joint stock companies . Currently, Vietnam aviation industry has 137 aircraft teams with very young age (less than 6 years old) and the aircraft team is forecasted to increase rapidly in the coming time. Domestic aviation market is increasingly fierce competition as VietJet Air has 31 aircrafts and VNA has 88 aircrafts, which are mainly serve domestic flights. However, while VietJet already accounts for 37% of the market, the market share of VNA fell below 50%. Accordingly, the competition in the domestic market is very fierce. Furthermore, there are 53 foreig...

  In recent years, foreign investors spent approximately 3 billion USD to buy shares in more than 3,000 enterprises in Vietnam, in which most of them purchased over 50% of the shares. It indicates that investment trends through the model of merger and acquisition (M&A) are booming strongly in the market. According to the report from the Foreign Investment Department under the Ministry of Planning and Investment, from July 1st 2015 to July 1st 2016, there were 3,141 companies in Vietnam are acquired by foreign investors in the form of buying shares. The total value of those deals is 2,948 billion USD. This is the first time the Foreign Investment Department showed the statistics on foreign investment flows into Vietnam through  M&A activities . It shows that the trend of investment into Vietnam through M&A is increasing greatly. As reported by the IMAA, a foreign research institute on M&A, the total value of M&A in Vietnam in 2015 reached 4.3 billion USD, 40...

In order to promote the development of seaports, Ba Ria – Vung Tau is calling for investors in the field of logistics to come and build logistics centers. Being the only deep-water port in Vietnam, in the near future, Cai Mep – Thi Vai port will be planned to become the national southern gateway port. This will be a large center of regional ports. However, the operation of logistics enterprises in Ba Ria – Vung Tau is quite discrete, not yet being organized into a unified network. The operation of the logistics service centers will bring more sources of goods to the port. This reciprocal relationship is not only creating incentives for the South East region to develop, but also generating revenues from the export activities. Readmore: http://www.antconsult.vn/news/ba-ria-vung-tau-attracts-investment-build-logistics-center.html

  This is the information published by the Department of Planning and Investment Accordingly, the situation of industrial production in the first 8 months of 2016 in Hanoi is relatively stable with positive growth rate. In particular, attracting foreign direct investment (FDI) increased, accrued to the date of August 30th 2016 reached 374 FDI projects (including 256 new projects and 118 projects that increase the capital). The total registered capital reached 2079.37 million USD, exceeding the target of 2016. Currently in the city there are 3,686 valid projects with the total registered capital of 24.07 billion USD from 72 countries, regions and Hanoi now also ranks the 3rd in attracting FDI in the whole country. According to the city leaders, the city will greatly improve the investment environment, promote production and business activities, use the public investment capital effectively… Readmore:  http://www.antconsult.vn/news/hanoi-ranks-3rd-attracting-foreign-investment.h...

2016 is identified as a good year for the resort real estate segment with a series of new launching projects to attract the attention of both investors and consumers. In particular, the real estate projects located in the sea area are attractive to consumers who want to own a second home to serve the needs of pleasure. From the end of 2015, there were many resort real estate projects that are introduced to the market. According to statistics, the sales volume of apartment and villa are very good, with 70-80% of the launched units were ordered. The amount of people interested in the projects and decide to buy is increasing, thanks to the incentive sales policy, profit commitments from investors, support for preferential interest loans from the cooperative banks with the investor and can use the house for free for a certain period. Many wealthy families share that they would like to own a coastal apartment or villa because the demand for resort tourism is increasing sharply. Moreover, fo...

Vietnam’s population is more than 90 million people so that foreign investors are looking at Vietnam as a fertile ground to expand their market by M&A deals. Accordingly, along with the process of restructuring the economy and international integration of Vietnam, in recent years, merger and acquisition (M&A) activities have been fairly active, in which many major transactions involving Thai enterprises. In 2009, the total value of M&A transactions in Vietnam reached 1 billion USD then in 2015, the number is 5 billion USD. Particularly for the first 6 months of 2016, the value of M&A in Vietnam has exceeded 3 billion USD, in which it took place in such sectors as retail, commodities and real estate… Thailand, Japan and Singapore are still the major buyers in Vietnam market. While Japan invests in companies in aviation, petroleum and pharmaceutical sectors, Singapore emerges with commercial real estate projects. Lastly, Thailand continues to focus on the retail segment w...

Natural beauty of Phu Quoc, the policy mechanisms and long-term orientation are reasons why this island attracts many major investors. 2015 is considered to be a difficult year for the tourism industry as the number of tourists coming to Vietnam decreased compared to the previous year and also the first year that the number of tourists coming to Vietnam decreased since 2009. However, in the general context, there is an island in Vietnam goes upstream as seen in the number of tourists increased by 30%. That’s Phu Quoc Island. Every day, Phu Quoc has 50 coming and going flights. In the first 6 months of 2016, the number of tourists traveling to Phu Quoc has reached 1 million. Within 5 recent years, Phu Quoc Island has attracted large number of investors, in which among them there are almost all of the largest investors in Vietnam in the field of resort tourism. Phu Quoc Island is known as the jewel in the southwestern sea areas of Vietnam. Phu Quoc Island has 27 large and small islands w...

The concept of risk is not strange to businesses in particular and those who do business in general. “Doing businesses is taking the risk” became a popular saying of the business people, whether they are owners of large or small businesses. Although business has to face with risk every day and every hour but risk management is relatively new concept, not many businesses have understanding about it. Therefore, the risk management activities of the business are often being conducted in a half-hearted way. Not many businesses, including large enterprises, have proper  risk management  departments in their organizational structure. Hence, the uncertainties and crises are usually occurs, causing negative effects and sometimes become disaster for the business. There are always potential risks in any business environment, whether that environment is developed with clear and transparency rules, or that environment is primitive environment with many confusing and complicated. If the bu...

Method Depending on the size and characteristics of the enterprise that they may establish a risk management department consists of experienced professionals, or at least they should use the risk management services of professional consulting and law firms with extensive experiences in this field. The risk management departments have to perform many tasks but should focus on three main functions: risk identification, risk analysis and risk response. First, we need to identify the risks. It is the process of gathering information, data and analysis of factors that may impact negatively on the achievement of goals, including the inside and outside, macro and micro factors. We can use analysis tools such as brainstorming, interviewing, root-cause analysis, checklist, SWOT analysis… along with other tools that are used in the strategic planning process. Enterprises need to create and regularly update the information and data system to serve for the analysis. The next process is risk analys...

Recruitment is the process of screening and recruiting qualified people to meet a job in an organization in general and in particular business. Recruitment plays a very important role in business development. Hence,  employment background check in Vietnam  is required by company with high standard for employee. Why employment background check in Vietnam is needed? Effective recruitment will provide businesses with a team of skilled, active, creative employees and provide human resources in accordance with the business performance of the business. Only when doing well the recruitment stage can we do well in the next stages. Therefore, businesses need to recruit the right people right the first time as well as arrange them in an important position. Most of the information that enterprise has is provided by the employee and there is no verification of the information. And if the enterprise only relies on the information provided by the employee, it is likely that the employee is ...

Risk management is a vital element when doing business but so far, not many enterprises concern about it. According to a recent survey with 522 companies, there are only 43 companies, accounting for about 8%, have the independent risk management department in their business. More noteworthy, the majority of these 43 companies operating in the banking and financial sector, which has nothing new to risk management. In fact, not all banks have independent and effective risk management departments. The negative problems related to the banking system in recent times somewhat showed the picture about the risk management of this sector. Risk is understood as any events and situations that could harmful to the ability to achieve the business objectives of the enterprise. Risk management is organized in a formal way and is conducted continuously to identify, control and report the risks that may affect the achievement of the business objectives of the enterprise. So why businesses are not inte...

  The concept of risk is not strange to businesses in particular and those who do business in general. “Doing businesses is taking the risk” became a popular saying of the business people, whether they are owners of large or small businesses. Although business has to face with risk every day and every hour but risk management is relatively new concept, not many businesses have understanding about it. Therefore, the risk management activities of the business are often being conducted in a half-hearted way. Not many businesses, including large enterprises, have proper  risk management  departments in their organizational structure. Hence, the uncertainties and crises are usually occurs, causing negative effects and sometimes become disaster for the business. There are always potential risks in any business environment, whether that environment is developed with clear and transparency rules, or that environment is primitive environment with many confusing and complicated. If...

Method Depending on the size and characteristics of the enterprise that they may establish a risk management department consists of experienced professionals, or at least they should use the risk management services of professional consulting and law firms with extensive experiences in this field. The risk management departments have to perform many tasks but should focus on three main functions: risk identification, risk analysis and risk response. First, we need to identify the risks. It is the process of gathering information, data and analysis of factors that may impact negatively on the achievement of goals, including the inside and outside, macro and micro factors. We can use analysis tools such as brainstorming, interviewing, root-cause analysis, checklist, SWOT analysis… along with other tools that are used in the strategic planning process. Enterprises need to create and regularly update the information and data system to serve for the analysis. The next process is risk analys...

  Risk is an inevitable factor in business operation activities, higher return is always accompanied by higher risks. Coping and managing risk is an integral part of any business if you want to make profit and create value to shareholders. However, in fact, there are a lot of businesses does not manage risk effectively and furthermore not fully understand about the risks that they are facing. Risk can be defined broadly as any factors or events could drive business and production activities of the enterprise below forecasted. Specifically, the measures that are commonly used as capital risk, profit risk or cash flow risk, depending on the emphasis that are accounting balance sheet and statement of cash flows. According to the Vietnam Ministry of Industry and Trade, in recent times, there are many corporate scams between Vietnam and foreign enterprises. In particular, the main behaviors are foreign companies purchase/sell goods or provide services for partners in Vietnam and the Vie...