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Info needed to start a business in Vietnam

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whitefang
10/1/2011 07:52 EST

I have recently been to Vietnam and I am very keen on finding out how to start a business there. Therefore I am currently researching on what it takes get one started.

I'm particularly interested in what kind of business structure to create based on the requirements.

Here are some of the questions I currently have:

1. My business will be involved in the food and beverage industry (maybe setting up a cafe) and exporting Vietnamese coffee. Based on this, which of the two is recommended? A 100% foreign owned company or a Vietnamese Joint venture company? (or is there another alternative?)

2. What kind of incentives does the government provide for foreign investments?

3. How big of a difference in terms of benefit between the foreign owned company and the joint venture?

4. Will there be any restrictions in my line of business in terms of ownership percentages?

5. What would be the tax rate for a business in the food and beverage industry (e.g, setting up a café) and exporting coffee?


I am also interested in these factors

1. What location do you recommend? I have been to Nha Trang and Hoi An and I see potential there. Saigon is also another possibility due to the expat community there.


2. What is the initial start-up to open a cafe?

3. What kind of cost and paperwork is involved to export Vietnamese coffee?

Any advice or resource would be greatly appreciated!

Thank you!

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canhufs
10/3/2011 00:27 EST

Hello May Kuen

Reading through your plan, it sounds very nice.
As far as my experience, I'd like to give you some following recommendations:
1. I've seen much of success from the foreigner companies starting with the food industry like TH foodchain they asked me from the beginning of the areas for, detailed milk stores, both types of company are possible. But to start with the 100% foreign investment company you will face with many local difficulties. If you define a long term investment, Joint venture is good. Otherwise you should work with a local company in a business cooperation contract, after that you will decide which way to go. I myself my company is ready to cooperate with any foreign company to develop. Win-Win, right ?

2. Actually the investment policy is open to the big foreign venture, it does not help much with the small private investment.

3. I don't understand much in this question of yours, I think it's not a matter of what company model is but how the business runs, if you find a good partner to work together with you it gets you more benefit than you alone find your way.

4, 5: About this, it'd better to read carefully the foreign investment law (attached file)

About your business plan:

1. I don't think a cafe is what you want to, you will have to compete with many local cafes they did business well, anyway, Sai Gon is good for coffee and Hanoi is also very nice place and expat community remains
2. Do you know that in VN more than 40% people come to Cafe but they don't drink coffee, but juice, yogurt etc, or just a place to chit chat, please define your target customers to have right style.
3. A location is very important for a cafe,
4. Export is encouraged by government, so, don't worry much about paperwork
I am located in Hanoi, if you think big about the export, please come to Hanoi, a centre of everything

Hope that It can help you something

Regards


Can, Nguyen Van (Mr.)
Director | Consultant
VIETLAND Co.,Ltd
Mobile : + 84 98 988 5 229
Email : or
Tel : +84 4 6 2758 178 Fax: + 84 4 6 2758 179
Ad : R.701- Office Bld no.126, Chua Lang Str., Hanoi city, VN
Web : www.vnhome.com.vn or www.vietlandhousing.vn
Skype & Yahoo: vietlandrealtor

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For expats in Vietnam, choosing an expat health insurance provider is an important decision. Get a quote from our partner, Allianz Care. Their plans ensure that you have access to quality healthcare whenever you need it. Allianz Care's flexible solutions allow you to tailor your cover to meet your needs and budget.

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JamesSmith1979
12/29/2017 20:37 EST

Hi,

You can find all ANSWERS at here: Business in Vietnam Tutorial https://plf.com.vn/start-a-business-in-vietnam

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Tedsaigon
2/18/2018 04:06 EST

Hello whitefang: Yes, foreign can own 100%, but the business registration was high ($3-4.000), plus taxes are aim high for you.

Depended on location, Saigon, Ha Noi is most expensive rent. Coffee bar is just fine plus export the bean to whereever you wanted. Sound great.

Where are locating/living ? I'm like to help you out. Who am I ? Sourcing, Business Development. Anyway, when you're heading to buy coffee bean, Boy, the owner seldom are can't speak English, if any, it's sound errastic. If you drop me a line, we can go from there. It's impossible for you starting without a local interpret/translate for you ? Like i'm wanted to set up in Spain, i'm need to speak fluent Spanish. I'm honest. Here my email: (Ted)

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aussieyank
10/6/2018 01:50 EST

sounds good what you told him about his coffee cafe plans to contact you but what can you advice about someone who wants to set up a tourism or travel company with a niche that is set up in another country but he plans on living in Vietnam right now no one is doing it in Vietnam can you still help networking my ideas hope to hear from you

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aussieyank
10/6/2018 01:50 EST

sounds good what you told him about his coffee cafe plans to contact you but what can you advice about someone who wants to set up a tourism or travel company with a niche that is set up in another country but he plans on living in Vietnam right now no one is doing it in Vietnam can you still help networking my ideas hope to hear from you

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0abuse

allianz international health insurance

For expats in Vietnam, choosing an expat health insurance provider is an important decision. Get a quote from our partner, Allianz Care. Their plans ensure that you have access to quality healthcare whenever you need it. Allianz Care's flexible solutions allow you to tailor your cover to meet your needs and budget.

Get a Quote

mitzlijen
10/26/2018 06:43 EST

What you request is easily searchable on the internet using search words. However running a coffee shop is considered doing a retail business so I would look into restrictions on running a retail business as a 100% foreign owned company. You might have to exist as a joint venture company or a joint stock company as it is know here in Vietnam. However, if you have from $20L to $30K or more to invest in a business I could recommend a far more profitable business for you that you can do right here from Vietnam and also receive your income here in Vietnam as well.

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mitzlijen
10/26/2018 06:46 EST

What you request is easily searchable on the internet using search words. However running a coffee shop is considered doing a retail business so I would look into restrictions on running a retail business as a 100% foreign owned company. You might have to exist as a joint venture company or a joint stock company as it is know here in Vietnam. However, if you have from $20k to $30K or more to invest in a business I could recommend a far more profitable business for you that you can do right here from Vietnam and also receive your income here in Vietnam as well.

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Udifh
10/29/2018 01:14 EST

Based on my experience, if you want to set up a tourism or travel company and perform your operation as a representative of other country travel company you can do it. It's not too difficult way.
It can be a Branch of the foreign company or Representative office. I think it's the most convenient ways. Anyway, We can discuss the details.

Varvara Le-Vaganova
Director/CEO Leadersip TSC.,
+84706019554

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