The Three Ps — Place, People & Practicality
Throughout our blogs we’ve made the point that business relationships in Vietnam will inevitably develop into personal relationships and that trust is essential. As you begin your commercial journey in the country, introductions by a trusted partner will be a huge asset.
Vietnam is well on the road to becoming a modern, forward-looking, business-oriented country, but in terms of its customs and traditions it remains conservative — and that will affect your relationship with Vietnamese business partners.
The country is one of the fastest-growing Asian economies with high GDP growth in recent years, and looks to foreign direct investment and the private sector.
It has wisely targeted high-end manufacturing and favours industries that will be sustainable and attractive to Vietnam’s highly skilled young workers—70% are under 35-years-old and 60% are of working age.
There is no minimum capital requirement for setting up a manufacturing company in the country, but...
In the morning of 5th Oct 2017, Viet Han Engineering Co., Ltd held solemnly the inauguration ceremony of VHE steel structure factory in Dinh Vu Industrial Zone, Hai An district, Hai Phong city.
Attending the ceremony were Mr. Dao Dang Kien - General Director, Mr. Vu Manh Hung- Deputy Director of Hai Phong People's Procuracy, Mr. Le Trung Kien- Director of Hai Phong Department of Planning and Investment, Mr. Tieu Van Dung- Vice Director of Hai Phong Department of Industry and Trade, Mr. Do Trung Th.