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Korean Enterprises Poured Nearly 3.2 Billion USD into Binh Duong

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Korean investment ranked 5th among countries and territories investing in Binh Duong, mainly in the fields of textiles, leather shoes, manufacturing products to support the automotive, medical, cosmetic industries and food processing… According to Binh Duong Department of Planning and Investment, since the beginning of the year, Binh Duong has attracted nearly 1.45 billion USD of foreign direct investment (FDI), increase by 70% compared to the same period last year. Accumulated until now, Binh Duong ranked 3rd in the whole country (after Ho Chi Minh City and Hanoi ) in attracting FDI with over 3,650 projects from 64 countries and territories, with a total registered capital of 33.93 billion USD. Notably, Korean enterprises have more and more investment projects, contributing positively to socio-economic development of Binh Duong. Among more than 3,650 FDI projects in Binh Duong, Korea ranked 5th with more than 800 projects, with a total investment of nearly 3.2 billion USD. Korean bus

Binh Duong Finished the FDI Attraction Plan 2016 – 2020

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With more than 9.9 billion USD of FDI capital from 2016 to October 2019, Binh Duong has completed early and exceeded the plan to attract FDI and investors come to set up company in Binh Duong in the period 2016 – 2020, creating a premise for the breakthrough developments in next time. According to the latest report of Binh Duong Department of Planning and Investment, from the beginning of the year to October 31st 2019, over 2.77 billion USD of FDI was licensed to invest in Binh Duong, increases by 69% compared to the same period last year and far surpassed this year’s plan (the plan is to attract 1.5 billion USD). This result has brought Binh Duong to the third position in the country in terms of FDI attraction. Up to now, Binh Duong province has attracted more than 3,700 FDI projects from 64 countries and territories with a total registered capital of nearly 34 billion USD, mainly in the fields of industrial production, trade and services. Some large-scale projects licensed to invest

Benefits of Setting Up Business in Danang

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  Da Nang – one of the strategic economic centers of Vietnam’s central region The Vietnam prime minister has established central region’s strategic economic center, including 05 provinces and cities: Thua Thien Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh to promote potential, geographical location and competitive advantages and step by step develop this economic region to become one of the most dynamic economic region in the country. In particular, Da Nang is defined as the role of nuclear motivation for promoting the development of the central region and the highlands. Da Nang – eastern gateway of east – west economic corridor (EWEC) EWEC is one of five economic corridor developed by the initiative of the Asia development bank in the greater Mekong sub – region. Currently, the road system in Laos, Thailand and the road line from Da Nang to Savannakhet are completed. The second international bridge spanning the Mekong river was completed in the end of 2006 to facilitate the circu

Bac Ninh Land Plots Promise to Create Strong Wave of Investment In 2020

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Bac Ninh’s land plot segment in 2019 has many positive changes and there has been no cooling in early 2020. With outstanding economic development and strong investment attraction, Bac Ninh is having all potentials and strengths to develop real estate investment and attract foreign investors to set up company in Bac Ninh . Bac Ninh fully converges all elements of the weather and favorable conditions with the geographical location favored by nature, socio-economic conditions for sustainable development in all aspects. Along with economic development, the real estate market in general is at the same time hot again. Over the past years, the whole country has witnessed the remarkable development of Bac Ninh province with the economic development speed and per capita income always in the top of the whole country. Bac Ninh attracts many large economic corporations in the world such as Samsung (Korea), Hong Hai (Taiwan), Canon (Japan), Microsoft, ABB, Foxconn… forming many large industrial zo

Benefits of Setting Up Company in Ho Chi Minh City

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Ho Chi Minh City is considered as Vietnam’s economic hub. During the long history of foundation and development, the city’s economy is growing constantly and motivating the development of the country. The city is therefore considered as a potential investment environment for domestic investors as well as foreign investors. The investment through establishing companies and conducting business activities in Ho Chi Minh city certainly promises to achieve multiple benefits. These benefits come from the following reasons. First, Ho Chi Minh City has strategic location advantage in Vietnam. Southeast Asia Region, Ho Chi Minh City is 1,700 km south of Hanoi, 297 km east of Phnom Penh, Cambodia, 881 km east of Bangkok, Thailand. Food, glass, textiles, paper products, plastics, chemicals, building materials and machinery are produced here. Ho Chi Minh City accounts for 20% of total gross domestic product (GDP), 30% of industrial production and 40% of export products of Vietnam. The city also ac

Why background check is needed when applying for second passport

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  Nowadays, it is popular for individuals to have a second passport. It can be seen that in many countries, individuals are restricted to travel freely between countries. Typically, such nationals whom wish to travel abroad are required to apply for a visa which takes a lot of paper preparation for proof of financial status, legitimate reasons and waiting time. The investment for second citizenship will help investors get a more powerful passport, less limited mobility, especially in European countries. This is also an invaluable advantage for those who wish to expand their business opportunities internationally. Different countries will have different citizenship investment programs, the most common forms of contribution to national funds and investing in real estate in that country. However, in addition to the mandatory conditions for the investment, in order to be able to receive the passport, the investor also needs to go through a certain application review process. Normally, the

Why do we have to undertake background check before recruitment

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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. 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 dishonest, or causes mistakes and avoid responsibility. To recruit “right employee, right job”, enterprise needs to check the applicant’s background. Checking employee

Why is it important to undertake background check before hiring

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Every business in order to be able to operate stably and develop must first have an effective resource. In addition to material, technological, and machine resources, human resources are considered as an important resource that determines the success of an enterprise. It is important to conduct background check before hiring to confirm the information given by the employee reflects the truth. Human resources are people who are directly involved in working for the business in different positions with the aim of creating values ​​and profits for the business, contributing to the development of the business. Thus, in order for businesses to be able to recruit capable and qualified individuals suitable for the position that the business is looking for, the business needs to have research and selection. Below is the necessary information that businesses can refer to be able to choose a suitable candidate. Professional competence and skills are concerns that every business wants in its can

Background Check Service in Vietnam

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Vietnam is working on improving on the level of transparency. It is advisable that foreign investors take effort to learn about their partners before cooperating with them. In other words, it is important to understand an individual or enterprise before joining venture with them in Vietnam so that the investors may reduce the minimum risks that may occur as well as evaluating the possibility of cooperation in the future. Despite the high risks of fraud, there are good opportunities in Vietnam. Namely, at the present, Vietnam has been strongly attracting direct investment capital from foreign investors. This leads to the demands of investigation as above – mentioned. If the investors ignore this step of investigation, they may take heavy consequences because of their subjective. It may be a loss of money, time, effort and reputation. Normally, most of the investors investing in Vietnam for the first time are using survey results from third parties, that is, the companies specializing

Why employee background check is important

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It has been increasingly important for employer to understand about the employee through employee background check to reduce potential hiring risks. The risk of wrong hiring could be accessing the wrong talent, exposure to criminal activities, legal issues, reputation matters that impact the business, workforce or customers. It is understandable that if applicants are dishonest in how they obtained a job, they may be dishonest once they have the job. This could not be found out during the interview. Hence, it is important to consider investment in background screening service to minimize the risks associated with workplace violence, lost customers, negligent hiring lawsuits, identity theft and fraud, embezzlement, data breaches, and high turnover. The pre-employment screening by verification and validation of the information and documents provided by the potential candidates could cover the following matters. Government-issued identification document. The candidate will provide one

Many Large Businesses in Norway Want to Invest in Hanoi

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7 leading corporations and enterprises from Norway include ITS Noway, Pixii AS, Ruter, Avfall Norge, Cambi, Host, Tomra want to set up business in Hanoi , at the same time cooperate, invest and transfer the most advanced technology in Hanoi city. Chairman of the Hanoi City People’s Committee has just had a meeting with Innovation Norway and 7 leading Norwegian corporations and enterprises operating in the fields of: Developing smart traffic system, energy and energy storage, management and development of public transport systems, providing solutions for waste and waste sludge management, recovery and recycling of plastic and waste materials. At the meeting, leaders of corporations exchanged views with the Chairman of Hanoi People’s Committee on Norway’s strengths, experiences and the most advanced technology such as waste and sludge treatment technology and recycling into fertilizer preparations for agriculture; technology to use clean energy in waste treatment; technology to collect,

An Additional of 60 FDI Projects Received Investment Licenses into Hanoi

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According to  Hanoi ’s Department of Planning and Investment, in November, the city had 60 newly licensed FDI projects with a total registered capital of 600 million USD. Of these, there are 52 projects with 100% foreign direct investment; 8 joint venture projects. Besides, there are 8 projects being adjusted to increase investment capital with the additional capital of 6.7 million USD. Also, in November 2019, foreign investors contribute capital and buy stakes reach 72.9 million USD. Notably, during the recent Prime Minister’s business trip to Korea, the leader of Hanoi People’s Committee awarded 4 investment policy decisions worth more than 400 million USD, signing the memorandum of understanding to invest in Hanoi worth more than 4 billion USD. Accumulated from the beginning of the year to November 25th 2019, the total registered capital of newly established projects and additional capital increased projects reached 2,142 million USD, of which newly registered 788 projects with tota

Hanoi Attracted More Than 141 Million USD of Foreign Investment in The First Month of 2020

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Hanoi Department of Planning and Investment has just informed that foreign investment attraction in Hanoi in January 2020 reached over 141 million USD, including 68 newly licensed projects, registered capital of 30.2 million USD. The total number of enterprises in Hanoi city now is 281,228 enterprises. The number of operating enterprises was 1,393 (down 12% over the same period). Also, in January, trade activities were assessed to develop well, ensuring goods circulation to serve consumer demand during the Lunar New Year. Total turnover of goods sold and sales of social consumer services was estimated at 256,000 billion VND, up 2.1% over the previous month and up 11.4% over the same period in 2019. Export turnover of goods in the province in January 2020 was estimated at 1,041 million USD, down 20.2% over the previous month and down 17.4% over the same period last year. In particular, export turnover of agricultural products decreased by 31.5% compared to the same period last year; t

Hanoi Calls for Direct Investment in 11 Large-Scale Agricultural and Rural Projects

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Hanoi’s agriculture sector is calling for direct investment in  Hanoi , in 11 large-scale agricultural and rural projects in the period of 2019 – 2025. In the process of reviewing and synthesizing projects on development of agricultural production, projects on processing agricultural products being implemented, preparing for implementation, newly proposed investment projects, Department of Agriculture and Rural Development of Hanoi announced a list of projects calling for direct investment in the period 2019 – 2025. The largest contributor is high-tech agricultural projects. Currently in the city, there are 105 models of high-tech agriculture application, 71 associate models in agricultural production in the direction of high technology. Thanks to the application of high technology, many models have brought the economic efficiency of billions of dong/ha of cultivation. The application of modern techniques and technologies to agricultural production has brought about great effects on th

Benefits of Setting Up Company in Hanoi

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Along with the trend of integration in the world, Vietnam is considered a country with rapid and strong growth, in which, industrialization and modernization are focused on developing a uniform set and achieve high performance. Hanoi and Ho Chi Minh City are considered the two cities and dynamic development in Vietnam. In particular, Hanoi , the potential capital for developing and attracting foreign and domestic investment. Therefore, the investment from businesses to the city is seen as an advantage and the best. To evaluate how such advantages are, the following article will analyze in detail as follows: First, the labor force Hanoi is considered a capital with a longstanding historical developed tradition. The population is heavily crowded, reaching about 7 million after 4 times of adjusting the administrative boundaries in 2014. Ha Noi has become one of the 17 largest cities in the world. In addition, with favorable conditions, Hanoi is considered an attractive city for labor, esp

Tại sao nhà đầu tư cần tìm hiểu các quy định, chính sách đầu tư tại Việt Nam

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Hiện nay, với các chính sách thu hút đầu tư của Việt Nam, vốn đầu tư trực tiếp nước ngoài FDI hàng năm vào Việt Nam không ngừng tăng lên. Tuy nhiên, khi bước chân vào một thị trường mới, đặc biệt là môi trường kinh doanh của một nước đang phát triển như Việt Nam, các nhà đầu tư nước ngoài luôn phải thận trọng và tìm hiểu kỹ càng. Bên cạnh yếu tố văn hóa xã hội thì sự khác biệt về yếu tố chính trị và luật pháp là những vấn đề quan trọng và nhà đầu tư cần tìm hiểu. Đặc biệt, việc nghiên cứu các chính sách, quy định pháp luật trước khi đầu tư là thật sự cần thiết nhằm hạn chế rủi ro khi hoạt động tại thị trường Việt Nam. Theo báo cáo tình hình đầu tư trực tiếp nước ngoài 9 tháng năm 2021 của Bộ kế hoạch và đầu tư. Tính đến 20/9/2021, tổng vốn đăng ký cấp mới, điều chỉnh và góp vốn mua cổ phần, mua phần vốn góp (GVMCP) của nhà ĐTNN đạt 22,15 tỷ USD, tăng 4,4% so với cùng kỳ năm 2020. Vốn thực hiện của dự án đầu tư nước ngoài ước đạt 13,28 tỷ USD, giảm 3,5% so với cùng kỳ năm 2020. Như vậy,

Gia hạn tạm trú cho người nước ngoài tại Việt Nam trong thời gian Covid-19

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  Từ đầu năm 2020 đến nay, do ảnh hưởng của dịch Covid-19, nhiều công dân nước ngoài nhập cảnh vào Việt Nam theo diện miễn thị thực, nhập cảnh bằng thị thực điện tử hoặc thị thực du lịch đã bị “mắc kẹt” tại Việt Nam. Bên cạnh đó, Việt Nam đang hạn chế cấp thị thực mới cho công dân nước ngoài để tập trung phòng chống dịch Covid-19, vì vậy nhiều công dân nước ngoài tại Việt Nam không thể xin thị thực mới, dù đã hết hạn thị thực. Để đảm bảo việc cư trú hợp pháp của những công dân nước ngoài này trong thời kỳ thế giới đang phải đối mặt với dịch bệnh Covid-19. Việt Nam đã “tự động gia hạn tạm trú” cho những công dân nước ngoài thuộc diện trên từ 01/3/2020 đến hết ngày 31/12/2021. Những công dân nước ngoài được gia hạn tạm trú tự động không cần phải xin cấp Visa mới, tuy nhiên hàng tháng sẽ thực hiện gia hạn tạm trú để cư trú hợp pháp tại Việt Nam. Việc tự động gia hạn tạm trú cũng được áp dụng cho trường hợp nhập cảnh trước ngày 01/3/2020 nếu chứng minh được bị mắc kẹt do dịch Covid-19, đượ