Set-up Partnership in Vietnam

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 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.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

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Danang Resort Real Estate Is Growing Well

Savills Vietnam has just published a report updating the situation of Danang real estate market in the first half of 2016. Accordingly, the segment of hotel, resort and villa continues to be exciting with the launch of many new projects as well as the presence of many famous brands in the world.

Specifically, according to Savills Vietnam, in the first half of 2016, the number of tourists coming to Da Nang has increased by 28% year on year, while domestic passenger traffic increased by 4% year on year.

Thanks to the flourishing of the tourism activity, only in the second quarter of 2016, the total number of 3 – 5 stars hotel in Danang increased by 4% quarter on quarter and 15% year on year. The average occupancy rate has also increased by 2% compared to the first quarter of 2016. The average room rate has increased by 6% over the same period in 2015.

Place these datas in the context of the tourism industry of some central provinces (from Ha Tinh to Thua Thien Hue), which are suffering heavy losses due to the environmental disaster caused by Formosa in the first months of 2016, it is clear that the attraction of Danang tourism is very good.

Also according to Savills, in the second half of 2016, 3 new projects in the hotel segment, which are expected to enter the market, will continue to provide about 1,320 rooms; including Crowne Plaza phase 2, Hilton Danang Hotel and Four Points under Sheraton. Since the third quarter of 2016 to 2018, it is expected to have 35 new projects entering the market.

For the resort villa segment, Danang is a pioneer in high-end coastal real estate segment and second (after Nha Trang) in total supply with 1,199 villas and 3,367 apartments. The surveys indicate that more than 80% of buyers coming from Hanoi, being attracted by diverse portfolio of products, complete infrastructure, tourism prospects, attractive sales policy as well as an image of Danang as a green, young and dynamic city.

We have to mention the successful projects such as Bana Hill, Ocean Villas, Hyatt Regency, Furama, Intercontinetal and Azura. Moreover, there are large-scale future projects that are Soleil Danang, Coco Bay, Da Phuoc, Han Riverside, Ariyana, Central Coast, Vinpearl Han River and Ocean Suites & Estates. The market is expecting a large supply of coastal apartments and villas.

According to Savills Vietnam, Danang provides investors benefits from the complete development of infrastructure and urban planning. While the northwest coastal areas have the advantages of natural landscapes to develop eco-tourism, the urban areas are developing towards becoming a center of trade, finance and education. In addition, the eastern coastal areas are marked for tourism and hotel industries; the southern of Danang is expected to develop tourism and a large urban area.

With the modified Real Estate Business Law, Housing Law and expanding the conditions for foreigners to own houses in Vietnam, the real estate market of Danang will certainly become more attractive and with sustainable development in the future.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

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Vietnam Real Estate Attracts Singapore Investors

Investment flows from Singapore to Vietnam real estate sector are increasing with the presence of many huge investors.

According to the Consulate General of Republic of Singapore in Ho Chi Minh City (HCMC), Vietnam is one of the leading markets for investment of Singapore businesses. Currently, Singapore’s real estate businesses are operating successfully in Vietnam. A typical case is the 7 Vietnam – Singapore Industrial Parks (VSIP) that has attracted more than 8 billion USD of investment capital and creating jobs for more than 155,000 workers.

According to Director of Department of International Business Development of Singapore, many multinational enterprises that headquartered in Singapore are also very interested in the real estate market of Vietnam. One example is the Kusto Home Company based in Singapore, which is developing and managing the Diamond Island project in HCMC.

According to President of Kusto Home, they have studied Vietnam real estate market since 2005 and found that Vietnam is a potential and dynamic market, especially the housing segment.

There are many Singapore real estate investors that have operated in Vietnam market for a long time and have been quite successful such as Keppel Land, Mapletree, Sembcorp, CapitaLand…

In particular, Keppel Land is one of Singapore’s real estate investor that has been presented in Vietnam very early and became one of the largest investors in the real estate market of Vietnam.

In Vietnam, Keppel Land has a diversified investment portfolio in Hanoi, HCMC, Dong Nai and Vung Tau with 19 licensed projects, including the grade A office buildings, premium residential projectsnd, modern urban area complex serviced apartments.

According to CEO of Keppel Land, Vietnam with rapid growth rate is one of the key markets of Keppel Land at the present and in the future.

If Keppel Land invests in many market segments in Vietnam, CapitaLand is now regarded as the leading investors in the segment of housing development. Presented in Vietnam since the 90s of the last century, CapitaLand is developing projects in 6 major cities of Vietnam as Hanoi, HCMC, Hai Phong, Da Nang, Nha Trang and Binh Duong. So far, CapitaLand has provided for the housing market of HCMC and Hanoi of about 7,850 quality apartments, with 8 housing projects.

According to General Director of CapitaLand, Vietnam is one of CapitaLand’s key markets in Asia. According to forecasts, in the coming time, Singapore still continues to invest heavily in the Vietnam market.

According to the latest report of the Foreign Investment Department (Ministry of Planning and Investment), by the end of June 2016, investment capital in real estate sector accounted for more than 30% of the total foreign direct investment (FDI) of the ASEAN region to Vietnam, with 97 projects. In particular, Singapore accounted for nearly 80% of the number of projects and 60% of total investment capital in this field. The projects of Singapore investors belong to many segments from residential, office, retail space to the real estate for tourism, resort.

According to Chairman of the Singapore Real Estate Brokerage Association, among Singapore’s 10 large enterprises that are investing in Vietnam, there are up to 5 businesses invest in the real estate sector.

In addition to traditional investors that are actively expanding their operations in Vietnam market, many new investors are pouring capital into this country.

SynGience Financial Group from Singapore, Lucky Land Company and Minh Nguyen Long Company have signed contract to invest 400 billion VND in Depot Metro Tham Luong project with the scale of 660 apartments, next to the Tham Luong line stop of the subway no. 2 (Ben Thanh – Tham Luong).

Most recently, Ibeworth Pte. Ltd., – a subsidiary with 100% capital of Keppel Land and Nam Long Investment Joint Stock Company have signed contract to register to buy convertible bonds of Nam Long with a total value of 500 billion VND.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

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Vietnam Technology Startup Attracts Foreign Enterprises

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 relations between New Zealand and Vietnam have the fastest growth rate in Southeast Asia with 120% in the period 2010 – 2015. Two-way trade of the two countries in 2015 has reached 1 billion USD.

Moreover, Vietnam is known as the country with the booming information technology market and the government is also trying to create more incentives for this sector. Meanwhile, technology businesses in New Zealand have experiences and large operating network, certainly the cooperation and investment in Vietnam will be intensified in the coming period.

According Chicilon Media, Vietnam technology market, especially Ho Chi Minh City is developing extremely powerful. Consumers is having trend to access to communication products and services via smartphones instead of traditional media such as TV, poster… Hence, this Company has strengthened their strategy focusing on channels to access information over the phone and access to a diverse range of partners such as the startup.

In parallel, the growth of mobile devices will continue in the coming years. Therefore, the approach to the users of mobile devices – who are moving to the final stage of the shopping journey and going to buy the product – becomes extremely important. Currently, marketing on mobile devices is evaluated as a simple marketing channels, rapid deployment and easy to access to customers.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

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Vietnam Increases Ranking in The List of Global Competition

The Global Competitiveness Report 2017 – 2018 was announced on September 26th 2017, confirming that countries are improving in terms of health, education and technology.

The latest global competition list of the World Economic Forum shows a messy picture of Asia, while Vietnam and Indonesia jumped in rank, Japan and India slumped.

Vietnam jumped to 55th place, up 5 steps compared with last year and 20 steps compared with 5 years ago. Accordingly, Vietnam has made remarkable progress in terms of technology and labor market efficiency. Trade is also a key factor that help Vietnam increasing ranking. Specifically, Vietnam is ranking 7th in terms of import ratio against GDP and 11th in export ratio against GDP.

The withdrawal of the US from the TPP may have removed some future trade opportunities of Vietnam, but the report states that “Vietnam’s growth is expected to be sustained, thanks to strong exports activities”.

Meanwhile, Indonesia ranked 36th, up from the 41st position of last year. Other Asian countries that also increased in rank are: Malaysia (23rd); China (27th) and Thailand (32nd). The Philippines also rose one step to 56th.

Japan led the opposite direction: Ranked 9th after decrease ranking in two consecutive years. The world’s third-largest economy continues to grow well in areas such as infrastructure, health and education, but is struggling with macroeconomic environment due to massive public debt.

Although leaping two years ago, India dropped one step down to the 40th position. Singapore again dropped to 3rd position, behind the United States.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

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