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President of Ireland visit Vietnam and Promote Investment

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  President Michael D. Higgins has begun a State visit to Vietnam to promote cooperation with Vietnam and encourage Irish businesses’s investment and  setting up companies  in various sectors, including trade – investment, education – training, green technology, wind energy, agriculture, health and sustainable development. Vietnam and Ireland trade turnover has grown strongly in recent years (particularly for first 9 months of 2016, which reached USD 798 million, more than 3 times compared to the same period of 2015). Vietnam agrees to create favorable conditions and encourage enterprises Ireland to  set-up company in Vietnam  to promote trading, technology transfer, especially in the areas of investing in renewable (wind) energy projects, agriculture and food processing, information, communication, medical, and aviation…, especially in the context of the free Trade Agreement between Vietnam and the EU is about to be signed and implemented. The two sides also ag...

Vietnam Technology Startup Attracts Foreign Enterprises

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Technology startup in Vietnam is increasingly attractive. Many foreign enterprises are interested in this area and showing their desire to set up business in Vietnam . According to Mr Mitchell Pham, president of the New Zealand Technology Association (NZTech) – who is known to be the 1st native of Vietnam elected to become the chairman of NZTech, representing for over 400 technology enterprises New Zealand: “All trip participants were impressed with the development of science and technology in Vietnam. We are looking for specific opportunities for cooperation with Vietnam-tech enterprise”. More information about the members of the delegation, Mr Mitchell Pham said that back to Vietnam this time, accompanied him are 6 young leaders of technology enterprises in New Zealand with a desire to learn and exchange with technology businesses in Vietnam, in order to create connection for long-term investment goals. In terms of the favorable conditions, according to Mr Mitchell Pham, trade relati...

FDI Flows into Vietnam’s Geotechnical Engineering

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  The need for strong development of infrastructure in Vietnam is attracting more and more foreign businesses in the geotechnical engineering industry to come and  set up business in Vietnam . Geonia, a leading corporation in Korea specializing in the production of high quality geotextile product (the fabric with permeability, when using to line in the soil, it is capable of separating, filtering, protecting, processing strengthening and water drainage), which are expected to achieve strong revenue in Vietnam market. According to Geonia’s Chief Representative in Vietnam, the Government of Vietnam is promoting the construction of road and port infrastructures; therefore the demand for geotextile products is very huge. Vietnam has built a number of highways and Geonia has provided this product, with revenues of more than 5 million USD in 2014 and approximately 5 million USD in 2015. In the coming years, revenue can increase; even twice when many projects in Vietnam are performed...

Korean Corporation Wants to Build Racecourse in Vietnam

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Chairman of the Korea’s Horse Racing Corporation Mr Choi Hank Soo have just had a meeting with the People’s Committee of Bac Ninh province (Vietnam) to explore opportunities for cooperation in this locality by setting up a business . At the meeting, Mr Choi Hank Soo said that the purpose of this trip to Bac Ninh is to explore investment opportunities to build the racecourse and entertainment complex in Thuan Thanh district (Bac Ninh), with investment capital in the first phase reaches 500 million USD. When the project goes into operation, it will form the kind of attractive sport and entertainment services for the community, creating jobs for 5,000 – 10,000 labors, making great contribution to the budget and contributing to the economic and social development of Bac Ninh province. According to Chairman of Bac Ninh province, this highly feasible project has large-scale investment, under conditional business lines that require the approval of Vietnam Prime Minister. Provincial Leaders re...

Thang Long II Industrial Zone (Under Pho Noi B Industrial Zone)

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Geographical location: Located adjacent to Highway 5 (Hanoi – Hai Phong); 30 km from Hanoi, 70k m from Hai Phong port, 110km from Quang Ninh deep-water port. Scale of land area: 345.2 hectares In which: Stage 1: 219.6 hectares, 154 hectares of land area for rent Stage 2: 125.6 hectares, 101 hectares of land area for rent. Industrial zone technical infrastructure: Stage 1: Thang Long Industrial Zone II has completed the work of compensation, site clearance the whole land area of the industrial zone and has completed construction of technical infrastructure on an area of 154.4 hectares. The system of internal road in the industrial zone, water supply and drainage systems, power supply, firefighting system, water supply plant with capacity of 4,500 m3/day and night and wastewater treatment plant with capacity of 3,000 m3/day and night have been completed and put into operation. Investors are actively investing in building infrastructure for the remaining part of the 65,3 hectares area. Ph...

Hong Kong Investment Funds Investing in Real Estate, Banking of Vietnam

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In the talks with Vietnam Prime Minister Nguyen Xuan Phuc on September 14th 2016, representatives of corporations and large investment funds from Hong Kong have expressed their interest in investment opportunities in Vietnam. Talking to Hong Kong enterprises, Government leaders said that Vietnam has amended the Law on Investment towards more open and transparent, creating stable investment environment, ensuring maximum property rights of investors and enterprises; conducting strong reform of administrative procedures in areas such as taxes, electronic customs clearance… In the process of development, Vietnam hopes that foreign investors will invest in areas such as road transport, railway, waterway and other infrastructure. The Vietnam Prime Minister also noted that investors in the process of production and business should pay attention to ensure the livelihood and skills training of employees; compliance with laws and regulations regarding environment protection in Vietnam. Highly ap...

16 Billion USD of FDI Capital into Vietnam

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According to the data from the Foreign Investment Department, total foreign direct investment (FDI) in the first 9 months of 2016 reached 16.43 billion USD, equivalent to 95.8% compared to the same period of 2015. As of September 20th 2016, there were 1,820 new projects were granted the investment registration certificates with total registered capital of 11.165 billion USD, increased by 1.1% from the same period in 2015. Along with that, there are 851 projects registered to adjust capital, with total additional capital reached 5.265 billion USD, equivalent to 86.1% over the same period in 2015. Meanwhile, till September 20th 2016, it is estimated that the FDI projects have disbursed 11.02 billion USD, increased by 12.4% over the same period in 2015. Also according to the report of the Foreign Investment Department, in the first 9 months of 2016, foreign investors have invested in 19 sectors, in which the processing and manufacturing sectors are the sectors that attracting more attenti...

French President Visits Vietnam

  On September 5th 2016, Mr François Hollande – President of the Republic of France start visiting Vietnam at the invitation of the President of Vietnam – Mr Tran Dai Quang. During the visit, the two parties will check, review and concretize the connotations towards promoting cooperation and further strengthen political relations, exchanging high-level visits on both bilateral and multilateral levels. Moreover, both parties will review and further improve the efficiency of cooperation mechanisms between the two countries. The visit is also an opportunity for both sides to promote the economic cooperation in the fields of infrastructure, climate change combating, science – technology, health, agriculture… This is also an opportunity for France and Vietnam together to discuss international issues. The visit of President François Hollande will last for 3 days. Readmore:  http://www.antconsult.vn/news/french-president-visits-vietnam.html

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...

Forbes: Vietnam is Becoming Economic Tiger of Asia

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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...

Reasons That Phu Quoc Island Attracts Major Investors

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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...

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...

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...

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 ...

Bloomberg Considers Vietnam as “New Tiger” in Asia

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  After several disappointing years, Bloomberg said that Vietnam’s economy is continuously emerging in Asia, with the advantage of a young workforce and impressive growth. According to the news, the large corporations as Samsung, Intel have poured money into the factories in Vietnam leading Southeast Asian countries to emerge as new tiger in Asia. After renovation in the 1980s, Vietnam’s economy has grown rapidly, exceeding 7% before leveling off in recent years due to the increase in bad debt from the state sector. According to PricewaterhouseCoopers LLP accounting firm, from now to 2050, Vietnam has become one of the largest growing economies in the world. Vietnam not only has the advantage of cheaper labor costs than China’s, but also become an ideal destination for Japanese corporations. Mr. Vikram Nehru – senior research specialist on Southeast Asia of Carnegie Endowment commented: “Vietnam is possible to become the fastest growing economy in Asia. Just solve problems in state...

Set-up Partnership in Vietnam

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  A partnership is an enterprise which must be at least two members being co-owners of the company jointly conducting business under one common name. In addition to unlimited liability partners, there may be limited liability partners. Unlimited liability partners must be individuals who shall be liable for the obligations of the company to the extent of all of their assets. Limited liability partners shall only be liable for the debts of the company to the extent of the amount of capital they have contributed to the company. ANT Consulting is here to assist you from the outset; providing intelligence, information, management or support and administrative services that assist market entrance, and ensure efficient business start-up operation. Our services are as following: Market Entry Tax Advice Legal Advice Outsourcing Services We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early log...

Set up business in Vietnam or invest in contractual forms

Foreign investors could make direct investment in Vietnam through different ways. They could set up business in Vietnam or invest in the contractual forms of: BCC, BO, BTO, and BT. Types of enterprise for foreign investors to invest and set up business in Vietnam are as following: Set-up Limited Liability Company in Vietnam Limited Liability Company is a form of enterprise which is established by contributing of members. A member shall be liable for the debts and other property obligations of the enterprise within the amount of capital that it has undertaken to contribute to the enterprise. Limited liability companies are regulated by two types: – One member Limited Liability Company is an enterprise owned by one organization or individual; – Limited Liability Company with two or more members is an enterprise owned by organizations or individuals, in which the number of members shall not less than two members and not exceed fifty. Organizational and management structure of Limi...