President of Ireland visit Vietnam and Promote Investment

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 agreed to consider education, training as key areas of cooperation in the future and encourages higher education establishments of the two countries.

It is appreciated that Government of Ireland considers Vietnam as a priority partner in development cooperation policy, and that projects funded by Ireland have been effectively implemented, which contribute significantly to the Vietnam social economic development. According to President Michael D. Higgins, Ireland will soon announce the national strategy for development cooperation with Vietnam in the period 2017 – 2020 to support poverty reduction, adaptation to climate change and implementation of the sustainable development objectives.

Wishing to strengthen the friendship and mutual understanding between the people of Vietnam and Ireland, the two sides agreed to promote cultural exchanges, art and promote the role of the Vietnamese community Vietnam in Ireland, contributing to boosting bilateral cooperation in other fields.

The state visit of Ireland President will definitely open a new chapter of economic relationship between Vietnam and Ireland, laying grounds for further investment from Irish investors in various sectors, especially in wind energy investment, aviation, education, technology, medical and many other opportunities, through direct investment i.e. setting up companies, investing in projects in Vietnam in various forms.

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

Read More

India Interested in Vietnam’s Power and Renewable Energy Projects

On November 2^nd 2016, the Deputy Prime Minister of Vietnam had a meeting with Indian Industry Federation, led by Mr. Naushad Forbes, President of the Federation and Chairman of Forbes Mashall Pvt Ltd, came to visit Vietnam.

According to Mr. Naushad Forbes, currently, Indian companies are investing and developing infrastructure and thermal power projects in Vietnam, such as Long Phu thermal power project and through the business forum of the two countries, the two sides are also interested in seeking opportunities to invest in Vietnam in the field of renewable energy, information technology, adaptation to climate change and many other areas.

Representatives of the enterprises under the Indian Industry Federation expressed their confidence in the political, economic and trade relationship of the two countries. They suggested that the two-way trade turnover currently stands at 5 billion USD are still low and not commensurate with the potential of the two countries. Furthermore, the Indian businesses also affirmed that they will do their best to promote investment cooperation, long-term trade between business communities of the two countries in the coming time.

Indian businesses desire the Government of Vietnam to support and remove difficulties for the joint project of the two countries in construction, transfer of technology in a number of hydropower plants, production and assembly car (a joint venture between Tata Group and TMT Group) and invest in pumping systems in urban to prevent flooding, pharmaceuticals, transport infrastructure…

According to Deputy Prime Minister of Vietnam, for many years, Vietnam is an investment destination of many large enterprises around the world. Despite the world economic recover slowly and uneven. Moreover, Vietnam economy has to face with difficulties coming from natural disasters and climate change, the economic growth in the first 9 months of 2016 rose by 6% and export still grew by 8%, while many economies’ export growth is low or negative.

In Vietnam, the Enterprise Law and the Investment Law (amended) are creating favorable business investment environment and the Government also has policy to develop 1 million businesses by 2020. In such conditions, the Vietnam Deputy Prime Minister affirmed that Vietnam will create favorable conditions for investors, both domestic and foreign so that Indian businesses will invest in Vietnam more, especially when Vietnam is a member of the 10 free trade agreements of the important areas in the world.

Deputy Prime Minister evaluated that the members of the Federation are strong India businesses, that are investing in the areas that Vietnam is prioritize the development such as energy, renewable energy, information technology… Deputy Prime Minister suggested that Indian businesses need to promote cooperation and investment in projects in the no. 7 electrical diagram of Vietnam, especially is to promote the Long Khanh Thermal Power Project. In addition, Indian companies can also participate in the value chains of Vietnam in the fields of textiles and footwear when the TPP agreement will take effect in the coming time.

Vietnam also encourage cooperation forms such as BOT, PPP and even franchised highway toll collection for foreign partners when meeting the necessary requirements; encouraging investment, transferring of technology, energy-saving machinery in automotive manufacturing, construction industry…

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:

• 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

Read More

Italian Business Expand Investment in Binh Duong

Ambassador of Italy in Vietnam and Binh Duong provincial leaders have attend the opening of the investment support office of Emilia Romagna (Italy) in Binh Duong.

This is the first representative office of the business community, investors of Emilia Romagna in Vietnam, which functions to create a bridge of cooperation between the two countries and promote Italian businesses to invest in Binh Duong.

On the same day in Binh Duong province, the ceremony to sign a memorandum of cooperation between Becamex IDC Corporation (under Binh Duong Provincial People’s Committee) with the Emilia Romagna region, Bonfiglioli Group and Unimore University (Italy). Content of the memorandum is to cooperate in economy, science, technology and education between the parties.

The Italian Embassy inVietnam said Emilia Romagna is a dynamic economic region with many Italian famous enterprises in the field of manufacturing industry.

Through the opening of a representative office for the business community in the Binh Duong and signed a cooperation will open more opportunities, create the wave of investments by Italian enterprises to Vietnam in general and Binh Duong in particular.

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:

• 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

Read More

U.S Company Plan to Invest in Vietnam’s Railway Infrastructure

At the meeting with the Vietnam Railway Corporation on September 21^st, the National Standard Finance – NFS has proposed investment plans to create large-scale infrastructure assets with investment value of up to 2 billion USD/transaction. The investment models could be: PPP, DBFOT, DBOT or BOT…

Two important tasks that must be performed by the Vietnam Railway Corporation from now until 2020 are to modernize the existing railway lines, along with construction and investment the new railway lines. The Corporation is mobilizing resources for investment in railways. Therefore, the potential of NSF is highly appreciated and hope that the two sides could promote the exchange of specific information on the project to guide plans for cooperation and forms of investment to modernize and develop the railway of Vietnam.

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:

• 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

Read More

TPP Helps Vietnam Become an Important Base in The World Production Chain

Vietnam is considered to be the biggest beneficiary country of the 12 countries participating in the TPP. The fact that countries which have large markets like the US, Japan and Canada reducing import tax to 0% for Vietnam goods will create tremendous boost to export of Vietnam. Particularly the textile industry, turnover could increase significantly.

The textile and footwear industries, the agricultural, forestry and fishery goods of Vietnam will have the opportunity to increase export significantly.

Joining TPP will also help Vietnam and other countries to have new opportunities from new supply chain, which will be formed after TPP takes effect. TPP countries currently account for 40% of global GDP and 30% of global trade. Moreover, it includes major markets such as USA, Japan which will certainly open up many opportunities when the new supply chain formed.

Accordingly, a number of corporations and large companies in the world have considered investing inVietnam with the goal of making Vietnam become one of the important bases in their production chain. Joining TPP will help this trend grow stronger, which is an important condition for Vietnam to step on stage to develop new industries with higher technological contents.

The commitments in TPP in service and investment are also expected to have a positive effect in improving the investment environment, contribute to attracting foreign investment. Many studies confirm that foreign investment will increase as TPP takes effect.

The Ministry of Industry and Trade said that Vietnam enterprises will also can join into the public procurement market in the United States, Japan, Canada… According to the data from the US, the market for public procurement of this country is about 10-12 billion USD each year. This is an attractive distribution channel for export goods from Vietnam.

The completion and strengthening the protection of intellectual property rights will open opportunities to attract investment in sectors with high knowledge content, such as pharmaceutical manufacturing, including bio-medicine and especially vaccine.

TPP will create condition for enhancing growth, creating job and increasing income, contributing to poverty alleviation, improving the quality of human resources and health care for the community.

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:

• 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

Read More

Large Amount of Australian Beef is Coming to Vietnam after TPP

Recently, not only large quantities of frozen beef are imported to Vietnam but also live cows are increasingly imported including non-quota and quota ways.

Imported cows were recorded at most from the Australian market. In 2012, there are about 3,500 cows, then rise to 70,000 cows in 2013 and 170,000 cows in 2014. This year, though there has not official figures, but the imported quantities will not decrease compared to the previous years.

There are so many large enterprises participating in the slaughtering supply chain and distributing to markets and commercial centers in provinces throughout the country so they will import a large amounts.

This is a not-protected-industry. Raising buffalo and cow in Vietnam is not the main income of many households, then this fact should not affect too much on the livelihoods of farmers. Only frozen beef industry will bear the heaviest damage when Vietnam joining in TPP.

With frozen chicken and pork, after entering the TPP, the market for imported chicken will have shifting from Brazil to the US, and pork from Denmark, Spain to the US, Canada because Vietnam enjoys preferential tax from TPP member countries.

For the consumption of frozen products, most of the imported cattle and poultry are using in the collective kitchens, industrial zones… Consumers also use but not a significant amount. Therefore, the objects that are affected after these products are massively imported to Vietnam are aquaculture farmers with large-scale production.

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

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

Read More

Assistance in Setting-up Business Venture

To help Clients start business in Vietnam, ANT Consulting introduces the service to assist in setting up business venture in Vietnam.

Foreign investors could make direct investment in Vietnam through setting up one hundred per cent (100%) capital of foreign investors, or establishing joint venture between domestic and foreign investors, or  investing in the contractual forms of: BCC, BO, BTO, and BT

Types of enterprise for foreign investors to invest in Vietnam are as following:

a)     Limited Liability Company

A limited-liability company may not issue securities to mobilize capital.

b)     Joint Stock Company

The main difference between Joint Stock Company and Limited Liability Company is the Joint Stock Company can raise funds by offering shares or securities.  In addition, an enterprise tends to join the Stock exchanges or public company must be a Joint Stock Company.  Management system of Joint Stock Company is more complicated than Liability Company.

c)     Partnership

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.

d)     Representative Office of foreign trader

Representative Office is not allowed to directly conduct profit making activities in Vietnam (i.e: the execution of contracts, direct payment or receipt of funds, sale or purchase of goods, or provision of services)

e)     Branch of foreign trader

The Branch is permitted to conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a member.

f)      The investing measures by signing contracts

Business co-operation contract (BCC) means the investment form signed between investors in order to co-operate in business and to share profits or products without creating a legal entity.

Build-operate-transfer contract (BOT) means the investment form signed by a competent State body and an investor in order to construct and operate commercially an infrastructure facility for a fixed duration; and, upon expiry of the duration, the investor shall, without compensation, transfer such facility to the State of Vietnam.

Build-transfer-operate contract (BTO) means the investment form signed by a competent State body and an investor in order to construct an infrastructure facility; and, upon completion of construction, the investor shall transfer the facility to the State of Vietnam and the Government shall grant the investor the right to operate commercially such facility for a fixed duration in order to recover the invested capital and gain profits.

Build-transfer contract (BT) means the investment form signed by a competent State body and an investor in order to construct an infrastructure facility; and, upon completion of construction, the investor shall transfer the facility to the State of Vietnam and the Government shall create conditions for the investor to implement another project in order to recover the invested capital and gain profits or to make a payment to the investor in accordance with an agreement in the BT contract.

Foreign investors may sign BOT, BT and BTO contracts with a competent State body to implement infrastructure construction projects in Vietnam. Typically, the contracts are for projects in the fields of transportation, electricity production, water supply, drainage and waste treatment.

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

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

Read More