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French Businesses Build Earth Observation Station in Vietnam

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French companies will exploit highway and building earth observation station in Vietnam. Moreover, many important cooperation agreements in the economic field have been signed this morning with the witness of heads of two countries. On the sidelines of the talk between President Tran Dai Quang and President of France – Francois Hollande on September 6th 2016, representatives of FPT Joint Stock Company and Telespazio France (France’s leading company in the field of satellite system management and exploiting) have signed cooperation agreements with many important commitments. Accordingly, the two sides will jointly collect and handle the data related to sea and land environmental monitoring, which are obtained from satellites and other facilities in order to create products and services on the platform of cloud computing. FPT and Telespazio France will also look towards the establishment of an EarthLab center in Vietnam, which is an Earth observation center from satellite. If established...

WSJ: “Made in Vietnam” Goods will Soon Popular Globally

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  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 Is the Focus of Foreign Investors

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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 Prepares for Wave of Russian Tourist

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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 advise...

Numerous Furniture Companies Moved from Indonesia to Vietnam

Since early 2015, there were 6 foreign furniture companies moved their factories from Indonesia to Vietnam. There is a large furniture company invested by Taiwan in Sidoarjo – East Java has decided to move their factory to Vietnam. This company was started dismantling and will move in early 2016. Companies from Taiwan have been operating for 3 years in Indonesia then want to switch to manufacturing in Vietnam because of the labor cost and the minimum wage. The minimum wage in Vietnam has increased by 150% in the past 3 years. After considering the costs, they decided to move to Vietnam to operate more efficiently. Moreover, manufacturing in Vietnam is 35% more efficient than in Indonesia. Readmore: http://www.antconsult.vn/set-up-company-in-vietnam/numerous-furniture-companies-moved-from-indonesia-to-vietnam.html

Signing of TPP in 2016 Will Promote FDI into Vietnam

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The investment flow will be strong into Vietnam for setting up company, factory once the commitments in the TPP agreement takes effect. The Trans-Pacific Partnership (TPP) agreement will be signed on February 4th 2016 in New Zealand. In order to capture the opportunities that it will bring, many foreign companies have invested in Vietnam. The parties have also agreed to a term of 2 years for national parliaments to ratify the agreement. Thus, the TPP can be effective in 2018. 12 members of TPP include: US, Japan, Vietnam, Australia, Brunei, Chile, Malaysia, Mexico, New Zealand, Canada, Peru and Singapore. The current country members of TPP accounted for 40% of the world GDP and 26% of global trade merchandise. The agreement will not be effective without the participation of both the US and Japan. To this point, it is probably not debatable about the opportunities that the TPP brings to Vietnam, especially in trade development and investment attraction. When the trade is opened thanks t...

Vietnamese Restaurant Chain Attracts Foreign Funds

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  To meet the demand of growing of young consumer, the food and beverage services in Vietnam have been attracting investment in  setting up business , M&A activity. The Vietnam business community recently is not out of surprise when a series of Vietnamese restaurant chains are invested by famous overseas funds with millions of USD. The start-up project with the restaurant chain named “Kafe Group” by Chi Anh Dao, a female chef and businesswoman born in 1984 has just got the attention by receiving an investment amount of 5.5 million USD (over 120 billion VND) from Cassia Investments – an investment fund from Hong Kong (China). Previously at the end of 2014, the chain of 100 restaurants named “Mon Hue” (Hue Dishes) of Huy Vietnam Food Processing Co., Ltd has been invested by Franklin Templeton fund, a fund managed by billionaire Mark Mobius with 11 million USD investment capitals. According to the owner of “Mon Hue” restaurant, this food chain also receives investment capital...

M&A in Vietnam: Strong Flow from Thailand

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It is expected to have a strong capital flow from Thailand to Vietnam in the coming time to through M&A activities. According to a research, the main trend of the M&A market Vietnam in the period of 2015 – 2016 and subsequent years have been focusing on some key sectors: retail, consumer goods, real estate, finance – banking. Notably, in the coming time, investors from Thailand will become “dual key” in its role as the acquisition of the project, and incorporation in Vietnam. Not until now, it has been realized that Thai is serious rival in the M&A market. From the period of 2010 – 2011 till now, the Thai people through their corporations like Charoen Pokphand, TCC Group, PTT, Siam Cement (SCG), BJC, Central Group… by the way of M&A or direct investment have quietly entered in Vietnam’s retailing, building materials, gas sectors. M&A Trend from Thai Investors in Vietnam In 2012, SCG has spent 240 million USD to acquire 85% stake in Prime Group. Currently, SCG has ...

Business Formation

ANT Consulting provide the advice and service to assist during the market entry. Vietnam encourages investors to invest in Vietnam through setting up economic organization, contributing capital or acquiring contribution capital, shares in economic organization, invest under Public Private Partnership (PPP) agreement, Business Cooperation Cooperation (BCC). Under each form, the investors have to follow the regulations and procedures under the law on investment with specific on investment conditions, timeline to exploit best of opportunities. Limited Liability Company Joint Stock Company Partnership Representative Office of Foreign Trader Branch of Foreign Trader Investing By Signing Contracts Let ANT Consulting help your business in Vietnam. Read more: https://www.antconsult.vn/what-we-do/market-entry/business-formation