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Risk assessment service in Vietnam  helps identity risks for management Conceptually, risk is any uncertainty that may be harmful to the ability to successfully implement the business objectives of the enterprise. Especially, for business operating in Vietnam, a developing country, the enterprise might encounter potential risks that only local professional whom is aware of culture, local practice could identify and explain. In general, businesses can identify potential risks to manage them. Risk management is a process of a comprehensive review of the business operations to identify potential risks that may impact adversely to the operational aspects of the business taking into consideration of the environment it operates in. Based on that, the response solutions will be given corresponding to each risk. We can also understand that the risk management process is a process that is organized in a formal way and ongoing to determine, control and report the risks that can affect the ac...

Binh Duong is a potential destination in Vietnam for foreign corporation to  set-up business  and manufacturing facility. According to the latest data of the Department of Planning and Investment of Binh Duong Province, in the first 11 months of 2015, this province has attracted 1.823 billion USD FDI capitals, reaching 182% of the annual plan, increase by 19% over the same period in 2014. With this result, Binh Duong occupies the 4th position in the country in attracting FDI and continues to assert as a “hot address” in attracting investment in the Southern key economic zone. Most recently, in November 2015, Binh Duong province has granted the investment registration certificate for the project Kocham Tower with a total investment of 2 million USD to build the office building, culture school, Korean cuisine restaurant… This project comes from the idea of Association of Korean businesses in Binh Duong in which they want to have working place near the company’s factory and the p...

It has been reported the foreign direct investment (FDI) is strong up to the end of August 2015. The trend of foreign investors relocating manufacturing site to Vietnam, build factory, and make direct investment through  setting up company  or  business venture  has been progressively realized thanks to Vietnam’s policy welcoming FDI and the uncertainties of China. There are 249 newly registered projects in the form of 100% foreign investment capital, reaching USD 744 million; 78 joint venture projects reaching USD 1,573.6 million. In terms of investment sector, Vietnam real estate sector topped in the capital pouring in Ho Chi Minh City of Vietnam with 5 projects and the capital reached USD 1,428.4 million, accounting for 61.6% of total newly registered capital, 41 industrial projects with USD 585.7 million (25.3%). In the third place is the financial and service sector with 90 projects and USD 116 million investment capital (5%); education and training with 8 proje...

Numerous foreign investors relocating factorties to Long An (Vietnam) to  set up business  and take advantage of young and low cost workforce. This province has a dozen industrial zones. As of May 2015, they have attracted 3.67 billion USD foreign investments, 40% of which is poured into textiles sector. The economists said that this process could accelerate if the Trans-Pacific Partnership agreement (TPP) is agreed. This agreement will reduce import tariffs on many goods exchanged between member states, mainly to benefit the developing country like Vietnam or Malaysia – countries where growth rate depends heavily on exports. Wages soared and labor shortages in China are making Vietnam become more attractive. Last year, FDI into Vietnam have reached 12.4 billion USD, increase by nearly 25% compared to 2009. One of the largest investors as Samsung Electronics of South Korea whom have plan to double investment in electronics manufacturing in Vietnam. If TPP takes effect, Vietnam...

With favorable conditions in macroeconomic, political and social, Vietnam is a potential destination for setting up company and conduct the M&A activity. In Vietnam, the growth of the retail market and the entry of international brands, while the average income of consumers is increasing along with stable economic conditions are creating motivation for retail market. In addition, e-commerce sector is growing and accounts for a large part of total retail sales, although traditional forms of shopping still being preferred by consumers. Moreover, the liberalization of the retail market in 2009 created favorable condition for foreign brands to join and domestic brands are constantly expanding in order to maintain market presence. The most developing sectors of the retail segment are food & beverage (F&B) and consumer products. Vietnam Retail Market Prospect for the Asian retail market is very positive, the average growth rate in retail sales is 8.5% in the last 5 years. The num...

  Vietnam is preparing to welcome waves of Russian to enter Vietnam tourism market, set up tour operator company and also conduct M&A activity in tourism industry. Currently, there were complicated situations occurred in the favorite destinations of Russian tourists such as Egypt, Turkey and Goa of India, the Russian Government recommend, forbid or even stop the tours and flights to these destinations. Vietnam, Cuba and China have been recommended as safe destinations for Russian citizens to travel. The A321 of Kogalymavia Airlines (Russia) had an accident in the Sinai Peninsula (Egypt) on October 31st killed 224 people on the flight. The Security Agency of the Russian Federation determined that this is a terrorist attack after finding traces of explosives in the debris. Soon after, Russian President Vladimir Putin ordered the suspension of all flights from Russia to Egypt. On November 11th, Russia officially banned all aircraft of the national airline of Egypt (Egypt Air) and ...

  Binh Duong province of Vietnam has marked early success in attracting investment with large projects licensed in  setting up business , mainly in manufacturing. On October 23rd, 2015 the Provincial People’s Committee of Binh Duong has just granted the investment certificate phase 3 of 2015 for 38 enterprises with foreign direct investment (FDI). Total capital reaches nearly 532 million USD, bringing the total FDI capital into this province in 10 months to 1.63 billion USD, increase by 40% compared to the same period in 2014. Also at the ceremony, the Provincial People’s Committee of Binh Duong has witnessed the signing of the lease 80 hectares of land in Bau Bang Industrial Zone to deploy factories specialized in manufacturing bicycles of Active International VN Company (Taiwan). This is a large-scale projects, concentrating 45-60 enterprises specialized in manufacturing bicycles with total investment of 200-250 million USD, which is expecting to create more than 8,000 jobs....