Due Diligence in Choosing Business Partner

Joint ventures and associate in business will bring many opportunities for the development and success of business. However, it is not easy to choose partners to help maximize the value for business, especially in this difficult time. That is the reason why we should conduct the due diligence research before making any decision.

According to experts, there are enterprises that growing very fast because they choose the right partners involving in the value chain, but also there are well-known enterprises in the market that have to face with a lot of difficulties due to choosing wrong partners. Therefore, how to choose the right business partners, financial partners and strategic shareholders to help enterprises overcome difficulties, develop faster and more sustainable are always issues that concerned by many business leaders.

In challenging conditions as at present, the economic situation in Vietnam and the world places great influence on the partner selection of companies. Currently, the debt crisis in some European countries caused the demand for import from these countries dropped sharply. Therefore, Vietnam enterprises must seek new markets. In this situation, companies should restructure their operations, choosing to produce products that are suitable with the new markets.

There are two key partners that companies need to keep in mind, they are financial partner and business partner. Depending on the objectives of the companies that they will choose the right partner. Normally, with the stable economic condition, companies often choose strategic partner.

However, in difficult situation such as the present, the choice of partners is made for short term so that the company could be able to change and adapt according to the general environmental condition. Many experts believe that, in difficult times, good cooperation will help enterprises to stand firm and “over storm” successfully.

Hence, conducting the due diligence research helps us to have a clearer vision of partners before deciding to cooperate with them in business, especially partners in foreign countries where you still feel strange. Whether choosing business partner or financial partner, companies should be cautious. They should learn from the Japanese companies. Before deciding to cooperate with a partner, Japanese companies often study the partners very thoroughly. Therefore, the cooperation project of Japanese companies often succeeds up to 85%.

ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:

• Advisory
• Market Entry
• Tax Advice
• Legal Advice

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn

Source: Antconsult.vn

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Places to Retire in Vietnam

According to several reports published in magazines and newspapers, Vietnam is one of the best places to retire not only in Asia but in the world! Vietnam, along with Thailand and Malaysia is often counted as the most amazing place to spend the retirement years in. The criteria which is used to select the best places to retire include the reasonable cost of living, opportunities for growth and available physical and social activities etc.

Reasons for Retiring in Vietnam

The fact that a person can lead a comfortable life for $500 per month in this country makes it an affordable place to retire. In this price, you can get a nice house, decent food and enough entertainment. Another factor that adds to the suitability of Vietnam as a retiring destination is its climate. The climate of Vietnam is such that you do not need to add layers to your clothing.

One can suffice in a tee and shorts all year round. The hotter temperatures can be dealt with easily and there is no humidity in the air. The social life in this country is amazing and even for expats. If you want to find company, you will be able to do so very easily as the locals are friendly and helpful.

Best Places in Vietnam from the Retirement Points of View

The following is a list of the best places in Vietnam where one can retire comfortably:

Nha Trang

Kiplinger recently put Nha Trang at the 6^th position of the list of the best places to retire in Vietnam. Nha Trang is a beautiful city which offers a wonderful landscape, awesome climate and friendly locals. The fact that the cost of healthcare is low and there is a new and modern hospital opened up in this city recently makes it a good choice for many people looking to retire.

Additionally, the low food cost and a variety of food options like fresh fish, vegetables herbs and fruits adds to the suitability of Nha Trang as a retirement destination. Food here is cheap and therefore dining out too doesn’t cost heavily. Some other factors include cheap accommodation, cheap tours and beautiful beaches.

Hoi An

Hoi An is another beautiful place where one can retire and lead a peaceful and comfortable life. It has stunning architecture and a vibrant culture which attracts many people from across the world.

It is easy to live in Hoi An as it has a lovely climate all year round and consists of pristine beaches where you can enjoy the rest of your life at. The local people are friendly and the cost of living here is definitely under $1000. Moreover, Hoi An is a food paradise where sea food and vegetables are cheap and in abundance. Due to this reason, eating out doesn’t cost heavily and adds to its retirement possibilities for foreigners.

PhuQuoc

PhuQuoc is an island which lies in the very south of Vietnam and is an ideal destination to retire in Vietnam.

This place consists of wonderful beaches and one example of this is the Bao Sao. The cost of living at this island is quite affordable and this is one of the greatest reasons why one must consider this place of Vietnam as a retirement option. Seafood here is cheap and so is buying vegetables and fruits. So if you wish to retire at a place close to the beach and enjoy a relaxed lifestyle then PhuQuoc is surely a good choice.

Apart from these three places, there are several others in Vietnam which can be looked out for retirement. If you are not too tight on the budget then you can also consider the larger cities such as Hanoi, Ho Chi Minh City which are rich in terms of culture, entertaining places, restaurants, cinemas etc.

 Further information   

Risk Prevention in Vietnam

 Trade promotion in Vietnam

Fraud Management in Vietnam

Due diligence corporate investigations

Vietnam entry strategy

Vietnam market intelligence

 Business consultants in Vietnam

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“Bun cha” of Hanoi

“Bun cha” is a signature dish of Hanoi people with special and delicious taste; it is certainly an indispensable dish for Hanoi cuisine lovers.

“Bun cha” is made with familiar ingredients such as noodles, pork, vegetables, fish sauce.

“Bun cha” with slices of grilled pork, grilled chopped pork, add a few pieces of green papaya, enjoy with raw vegetables and fish sauce. In some places, we can also enjoy “bun cha” with traditional spring rolls.

“Bun cha” of Hanoi is voted by CNN into the list of the world’s most delicious summer dish. Earlier, “bun cha” is also included in the list of 10 best street foods in Asia by CNN.

“Bun cha” is not only preferred by foreigners but also many generations of Vietnamese people enjoy it. “Bun cha” is the traditional dish of Vietnam.

Further information   

Risk Prevention in Vietnam

 Trade promotion in Vietnam

Fraud Management in Vietnam

Due diligence corporate investigations

Vietnam entry strategy

Vietnam market intelligence

 Business consultants in Vietnam

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CONTRACTS SIGNED WHEN PRESIDENT OBAMA VISITS VIETNAM

There have been series of cooperation contracts that are signed between the AmCham (American Chamber of Commerce in Vietnam) members and Vietnam businessesafter the first day that President Barack Obama visits Vietnam.

On the trip to Vietnam of President Obama, AmCham and VCCI jointly organized the corporate event in Hanoi. At the event, the signing of agreements between member companies of AmCham and Vietnamese partners are took place.

In particular, the signing of treaties on climate change and clean energy includes 7 records:

– Memorandum of GE on the development of 1000MW of wind power: Estimated that in 2025, there will be 1,000 megawatts from wind power projects. With that capacity, wind power will be enough to supply for 1.8 million households in Vietnam over the next 10 years.

– Agreement on nuclear safety training: US will help Vietnam to train the human resources, equipped with the knowledge of nuclear procurement, design and build factories, licensing and safety checks of nuclear reactors in the future. At the same time, US experts will also advise about the effectiveness of this technology as well as economic benefits when developing.

– Memorandum of Understanding between the Vietnam Oil and Gas Group and Murph Oil Company: Murphy has participated in oil and gas exploration in Vietnam since 2012 and currently is cooperating to exploit gas in Nam Con Son. This memorandum will open up many opportunities for cooperation between the two sides in oil and gas, energy joint venture, accelerating the negotiation of the project in Tho Chu Island and many other contracts.

– Cooperation agreement of the solar energy projects between First Solar and Thien Tan: Thien Tan Investment and Construction Company have signed two major contracts to purchase solar panels worth 35 million USD to serve the solar photovoltaic plant, which has started construction since mid 2015. The plant has a capacity of 19.2 MW with total investment of 800 billion VND and is built on an area of 24 ha in Quang Ngai.

– Memorandum of Biomass Minnesota Plant: Tin Thanh Electricity Company cooperates with US businesses, negotiating the terms related to design and build of boiler biomass power. That helps saving of 10 – 20% electricity, reducing 200,000 tons of carbon each year.

Along with other agreements such as joint researching on lower Mekong, Memorandum of Understanding on climate change in the Mekong Delta…

The signing ceremony of the future investment projects includes the Memorandum of Understanding that The Grand Ho Tram Strip develops its 2nd hotel tower; Memorandum of Traffic Safety Program.

Accordingly, The Grand Ho Tram Strip has signed a Memorandum of Understanding with the Cotec Construction Joint Stock Company (CotecCons) on the expansion of The Grand Ho Tram Strip worth 75 million USD.

The construction of the 2^nd hotel tower with 559 rooms of The Grand Ho Tram Strip will be undertaken by CotecCons, bringing the total number of room of The Grand Ho Tram Strip to 1,100 rooms when completed.

After the completion of the hotel building, the actual total investment for the whole project has reached 1 billion USD.

In addition, in a memorandum on traffic safety program, the US will pour about 1 million USD to help Vietnam solving the challenges of traffic safety problems such as accidents, give helmets for citizens…

In the aviator industry, Vietjet Air (Vietnam) and Boeing (US) have signed contract worth 11.3 billion USD in the presence of President Tran Dai Quang and President Obama. With this contract, Vietjet Air will buy 100 Boeing 737 MAX 200 from Boeing.

Besides the contract signed with Boeing, Vietjet Air also signed contract with United Technologies Corp to buy engines for the aircrafts that Vietjet has signed and ordered with aircraft suppliers. The signed contracts worth up to 3.04 billion USD.

According to the executive director of the US Trade Association (AmCham), the visit of President Obama will further promote cooperation relations between the two countries in many fields; including economy, friendship between the two countries, security, human right, global and area issues of mutual interest.

The timing of the trip to Vietnam of President Obama has very important meaning because this is the time Parliament is preparing to consider ratification of the Trans-Pacific Partnership (TPP) at the end of this year.

AmCham believes that the TPP will bring many benefits and opportunities for companies, investors, workers, farmers and consumers in both the US and Vietnam. When fully deployed, the TPP will pave the way for the digital economy, strengthen the creative industries; contributing to a fair play ground for businesses and investors.

In addition, TPP will bring many important changes to the business environment in Vietnam and opens up many new opportunities, helping Vietnam to speed up in the industrialization, modernization and globalization process. This Agreement will help the private sector to have more opportunities to reach important markets, stimulating competition, attracting foreign investment and contributing to the construction of supply chain infrastructure; from that creates great opportunities for Vietnam enterprises, creating jobs and raise incomes for Vietnamese employees.

Further information   

Risk Prevention in Vietnam

 Trade promotion in Vietnam

Fraud Management in Vietnam

Due diligence corporate investigations

Vietnam entry strategy

Vietnam market intelligence

Read More