Title: Vietnam: The Next Emerging Trading Partner: South Carolina International Trade Conference, Charlesto
1Vietnam The Next Emerging Trading Partner South
Carolina International Trade Conference,
Charleston, S.C., May 31, 2007
2Global Strategy Ventures, LLC
3Opportunities
4Currently representing the following industries
- Building Supply
- Doors/Outdoor Decking
- Apparel
- Property Management
- Legal
5Doing Business in Vietnam
- There must be no ambiguities in any language in
any document and there should be no agreements to
agree.
6Doing Business in Vietnam
- Select tough, experienced Asia Smart management
people for your project. Doing business in
Vietnam is complicated and the educational
experience can be costly.
7Doing Business in Vietnam
- Do not sign any documents unless your legal
counsel has made certain and assures you that
they will meet with the full approval of
governmental authorities. Pre-clearance of
documents with governmental authorities before
they are executed is essential.
8Doing Business in Vietnam
- Make sure that document translations are done by
qualified experts and have documents translated
into English from Vietnamese translated back into
Vietnamese from the English and vice versa to
make sure the translations are accurate and in
accord in meaning as much as possible.
9Doing Business in Vietnam
- Thoroughly investigate and endeavor to fix (as
much as possible) your local labor and
consumables costs during construction and
operations for as long a forward period as
possible to avoid both disruptions and holdups.
10Doing Business in Vietnam
- Whether you are manufacturing for the domestic
market or for foreign markets, if your product
requires foreign components make absolutely sure
you have the proper and iron-clad permits to
import the components you require for the period
required.
11Doing Business in Vietnam
- Even before you begin to seek to do or do
business in Vietnam, make sure your intellectual
property rights (trademarks, tradenames, patents,
etc.) are protected to the maximum extent
possible.
12Doing Business in Vietnam
- Do not underestimate the cost of living and doing
business in Vietnam. For instance, decent housing
and office space for foreigners is
extraordinarily expensive, particularly in the
Hanoi and Ho Chi Minh City areas.
13Vietnam The Next Emerging Trading Partner South
Carolina International Trade Conference,
Charleston, S.C., May 31, 2007